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Open
10 Sep 2025
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Close
12 Sep 2025
3
Allotment
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Listing
Wed, Sep 17, 2025
Price Band
₹51 to ₹54
Issue Size
41,32,000 shares (agg. up to ₹22 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Sep 17, 2025
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
17-09-2025₹0Est. ₹54+0%
16-09-2025₹0Est. ₹54+0%
15-09-2025₹0Est. ₹54+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.30x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 31.49 | 32.53 | 32.31 |
| Total Income | 40.27 | 36.94 | 32.03 |
| Profit After Tax | 3.37 | 3.71 | 1.57 |
| EBITDA | 4.58 | 5.26 | 3.14 |
| NET Worth | 18.36 | 15.54 | 11.94 |
| Reserves and Surplus | 12.29 | 9.51 | 14.78 |
| Total Borrowing | 4.61 | 8.12 | 9.15 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Osel Devices Ltd. | SME | ₹70.66 Cr | ₹160 | 14.36 | ₹207.95 | +29.97% | ₹448.65 (+0.96%) |
| Laxmi Dental Ltd. | Mainboard | ₹698.06 Cr | ₹428 | 87.77 | ₹550.55 | +28.63% | ₹221.54 (-1.05%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | . Funding Capital Expenditure requirement towards purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha | 4.89 |
| 2 | Funding the working capital requirements | 8.94 |
| 3 | General Corporate Purposes | 2.25 |
| 4 | To meet the offer related expenses | 1.79 |
About Galaxy Medicare IPO
Incorporated in July 1992, Galaxy Medicare Limited manufactures and exports medical devices, POP bandages, and surgical dressings in India. The company manufactures these products using premium grade raw material that is procured from the authentic vendors of the market. The company specializes in various products, including surgical dressings, plaster of Paris bandages, adhesive tapes, compression bandages, and wound care solutions. Their offerings meet diverse medical needs, including gauze products and orthopedic items. The company's business includes the following:- Manufacturing and branding for flagship brands: POP BAND, POP CAST, G CAST, GYPSOSOFT, GYPSOPLAST, CARETAPE, GYPSOCREPE, CARECREPE, CAREPORE, GYPSONET, GYPSOCHLOR, FIXCAN ETC.; OEMs source components, design, manufacture, and test quality according to brand owners' specifications under Principal-to-Principal basis; Institutional sales via government tenders on GEM Portal; Exporting its products internationally and trading surgical devices dressings. The company has 27 registered trademarks in India, serving domestic and international markets. The company's products are accepted by the medical community and supplied
Contact Details
Galaxy Medicare Ltd. AddressPlot No-2, Zone DPhase A, Mancheswar Industrial EstateKhurdaBhubaneshwar, Odisha, 751010+91 9937000991CS@galaxymed.co.inVisit Website