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Galaxy Medicare IPO
1.88xsubscribed

Galaxy Medicare IPO

Hospital & Healthcare Services
listed
₹2.04LMin. investment

Galaxy Medicare Limited IPO Details

SectorHospital & Healthcare Services
Price range₹51.00 – ₹54.00
IPO type
SME
Lot size2000 shares
Issue size₹22Cr
Red Herring Prospectus
Read
Market cap
₹81.93CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹39.2CrLower than sector avg
Growth rate3Y CAGR
7.91%

Galaxy Medicare IPO Subscription Status

Date
QIB
NII
Retail
Total
10-Sep-25
1.0 times (X)
0.66 times (X)
0.33 times (X)
0.47 times (X)
11-Sep-25
1.0X
1.18X
0.71X
0.9X
12-Sep-25
1.0X
1.61X
2.09X
1.88X

As on 10-Sep-25, 5:30 PM

Galaxy Medicare IPO Timeline

  1. Pre-apply
    9 Sep 2025
  2. Bid start
    10 Sep 2025
  3. Bid end
    12 Sep 2025
  4. Allotment
    15 Sep 2025
  5. Release of funds
    16 Sep 2025
  6. Demat transfer
    16 Sep 2025
  7. Listing
    17 Sep 2025

About Galaxy Medicare Limited

Incorporated in 1992, Galaxy Medicure operates as a manufacturer, trader, and exporter of medical devices, specialising in Plaster of Paris Bandages (POP Bandage) and other surgical dressings in India. In FY25, the company derives 88.64% of revenue from private customers and 11.36% from government sales. Its core products are POP Bandage B.P. and Elastic Adhesive Bandage B.P., which contributed 57.17% and 31.85% of FY25 revenue, respectively. Galaxy Medicure holds 25 registered trademarks in India for its product brands. The company has a strong export presence across multiple countries, with Bangladesh being the largest export market, contributing ₹7.24 crore in FY25. The company has a distribution network with 81 distributors across 12 states in FY25.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Galaxy Medicare Limited IPO

Working Capital requirements
50.06%
The company will utilise up to ₹8.94 crore towards working capital requirements.
Capital Expenditure
27.38%
The company will utilise up to ₹4.89 crore towards the purchase of machinery.
General corporate purposes
22.60%
Part of the IPO proceeds will be used for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹39.2Cr7.91%₹3.37Cr₹81.93Cr19.010.25
This sector (avg.)₹810.55Cr---₹87.66Cr₹10,075.9Cr55.140.40
₹21,794Cr---₹1,472.1Cr₹1,00,081.3Cr59.860.96
₹7,028.46Cr---₹1,075.88Cr₹93,096.78Cr68.940.32
₹7,782.75Cr---₹809.39Cr₹64,284.69Cr63.430.28

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Galaxy Medicare IPO Contact Details

Company NameGalaxy Medicare Limited

How to apply for Galaxy Medicare IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Galaxy Medicare Limited IPO FAQs