Galaxy Medicare Limited IPO
Galaxy Medicare Limited IPO
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Galaxy Medicare Limited's achieved publicly listed status following its IPO debut on 17-09-2025 at the NSE platform. The offering successfully mobilized 41,32,000 Shares, with 33,08,000 Shares allocated to corporate growth initiatives and ₹4.45 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹51 to ₹54, starting from minimum lots of 2000 shares. The subscription window from 10-09-2025 through 12-09-2025 enabled investor participation across market segments.
Share allocation was completed on 15-09-2025, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Galaxy Medicare IPO About Company
Galaxy Medicare Limited, incorporated in July 1992, is engaged in the manufacturing and export of medical devices, POP bandages, and surgical dressings in India. The company uses premium-grade raw materials sourced from authentic vendors to ensure quality in its production. Its product portfolio includes surgical dressings, plaster of Paris bandages, adhesive tapes, compression bandages, gauze products, wound care solutions, and orthopedic items. Galaxy Medicare operates through multiple business verticals, such as manufacturing and branding under its flagship names like POP BAND, POP CAST, G CAST, GYPSOSOFT, GYPSOPLAST, CARETAPE, GYPSOCREPE, CARECREPE, CAREPORE, GYPSONET, GYPSOCHLOR, and FIXCAN, among others. It also caters to OEM requirements by sourcing, designing, manufacturing, and testing products according to brand owners’ specifications on a Principal-to-Principal basis. Additionally, the company participates in institutional sales through government tenders on the GEM portal, exports its products internationally, and trades in surgical devices and dressings. With 27 registered trademarks in India, its products are widely accepted by the medical community and supplied across the country to government health departments, corporate hospitals, and private organizations. The company holds ISO 9001:2015 and ISO 13485:2016 certifications, reflecting its commitment to quality and adherence to global standards. As of March 2025, Galaxy Medicare employs 190 people across various departments.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Galaxy Medicare IPO Strength Factors
- Proven Industry Track Record – Over 30 years of operations with strong brand reputation and trusted customer relationships.
- Wide & Diversified Product Portfolio – 27+ registered trademarks catering to multiple medical needs, minimizing product concentration risk.
- Multiple Revenue Streams – Balanced income from branded sales, OEM partnerships, government contracts, and exports ensuring stability and growth.
Galaxy Medicare IPO Risk Factors
- High Customer Concentration Risk – Heavy reliance on a few key customers, where the loss of any major account could severely affect revenue stability and profitability.
- Raw Material Supply & Cost Risk – Dependence on timely availability of raw materials; shortages or price escalations may disrupt operations and compress margins.
- Legal & Compliance Exposure – Pending litigations and compliance requirements pose potential risks to reputation, financial health, and business continuity.
Galaxy Medicare IPO Lead Manager(s)
- Affinity Global Capital Market Private Limited
Galaxy Medicare IPO Promoter(s)
- Mr. Dillip Kumar Das
- Mr. Subhasish Das
- Mrs. Kiran Das
Galaxy Medicare IPO FAQs
Galaxy Medicare Limited IPO subscribed 1.89 times. The public issue subscribed 2.1 times in the retail category,1times in QIB, and 2.09 times in the HNI (10+) category byNovember 21, 2025 10:12:34 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Galaxy Medicare IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Galaxy Medicare IPO FAQs
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