Check Expert’s Verdicts on Galaxy Medicare IPO

The Galaxy Medicare IPO GMP is ₹4 as of 11th September 2025. It is a bookbuilding IPO of ₹22.31 crores. This is an entirely fresh issue of 0.33 crore shares, and an offer for sale of 0.08 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 17th September 2025. The face value of Galaxy Medicare shares stands at ₹10 per share, and the IPO price band is set at ₹51.00 to ₹54.00 per share. Retail investors can bid for a minimum of 2 lots of 4,000 shares worth ₹2,16,000.

Galaxy Medicare IPO Grey Market Premium

As of 11th September 2025, Galaxy Medicare IPO GMP stands at ₹4 per share. Thus, the estimated listing price would be ₹58. This indicates that the estimated listing gain in this IPO could be 7.41%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the Galaxy Medicare IPO GMP updates.

GMP DateIPO PriceGMPEstimated Listing Price Estimated Listing Gains
11-09-2025₹54.00₹4.00₹58.007.41%
10-09-2025₹54.00₹1.00₹55.001.85%
09-09-2025₹54.00₹1.00₹55.001.85%
08-09-2025₹54.00₹0.00₹54.000.00%

Galaxy Medicare IPO Details

IPO Open Date10th September 2025
IPO Close Date12th September 2025
IPO Allotment Date15th September 2025
Refund Initiation 16th September 2025
Issue Size41,32,000 shares(aggregating up to ₹22.31 Cr)
Fresh Issue31,00,000 shares(aggregating up to ₹16.74 Cr)
Offer For Sale8,24,000 shares of ₹10(aggregating up to ₹4.45 Cr)
Face Value₹10 per share
Lot Size2,000 shares
Issue Price Band₹51.00 to ₹54.00 per share
Issue TypeBookbuilding IPO
Listing AtNSE & SME
Listing Date17th September 2025

Explanation

Galaxy Medicare IPO: Galaxy Medicare Limited has declared that the issue price band is set at ₹51.00 to ₹54.00 per share. With this IPO, the company allows retail investors to bid for two lots of 4,000 shares worth ₹2,16,000. The face value of Galaxy Medicare Limited shares is ₹10 per share. The shares of Galaxy Medicare Limited will be listed on NSE and SME on its tentative listing day, 17th September 2025. Scroll down to check GMP updates and Galaxy Medicare IPO reviews. 

Objectives of the Galaxy Medicare IPO

The primary aim of the Galaxy Medicare IPO is to raise ₹22.31 crores. On the other hand, Galaxy Medicare has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Galaxy Medicare IPO.

Galaxy Medicare IPO Registrar

Cameo Corporate Services Limited is the registrar of the Galaxy Medicare IPO, responsible for managing the IPO allotment procedure and refund initiation. For any queries regarding the Galaxy Medicare allotment and refund, you can contact Cameo Corporate Services Limited at cameo@cameoindia.com or +91-44-28460390.

Galaxy Medicare IPO Review  

Galaxy Medicare Limited

The Galaxy Medicare IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Galaxy Medicare Limited’s revenue increased by 15.32% from ₹32.03 crores in March 2023 to ₹36.94 crores in March 2024. Moreover, the company’s PAT rose by 136.30% from ₹1.57 crores to ₹36.94 crores. Investors can analyse other relevant factors and make a decision accordingly.

Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Galaxy Medicare IPO or not.

Galaxy Medicare Limited Technicals

Key IndicatorsValue
PE Ratio (Price-to-Earnings) 17.28
EPS (Earnings Per Share)3.12
RoNW23.85%
ROCE23.80
ROE23.85
EBITDA Margin
Price to Book Value3.84
Market Capitalisation₹81.93 Cr

The PE ratio of Galaxy Medicare Limited shares is 17.28, and its Earnings Per Share (EPS) stands at ₹3.12. Thus, the Galaxy Medicare IPO can potentially deliver gains on its tentative listing date, 17th September 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Galaxy Medicare Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio17.282.25
EPS 3.122.25

Galaxy Medicare Limited IPO Peer Comparison

Company NameEPSP/E RatioRoNWFace valueRevenue
Galaxy Medicare Limited2.8417.2810.25₹1036.94
Adeshwar Meditex1.4312.595.17₹1079.98
KMS Medisurgi1.3395.115.44₹1013.98

FAQs on Galaxy Medicare IPO

What is the Galaxy Medicare IPO GMP?

Ans. Currently, on 11th September 2025, the Galaxy Medicare  (Grey Market Premium) stands at ₹4. This indicates that the estimated listing price could be ₹58 per share.

What is the issue price of the Galaxy Medicare IPO?

Ans. The Galaxy Medicare IPO price is set at ₹51.00 to ₹54.00 per share.  Retail investors can apply for a minimum of 2 lots, each consisting of 4,000 shares, worth ₹2,16,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth ₹3,24,000.

Who is the registrar of the Galaxy Medicare IPO?

Ans. Cameo Corporate Services Limited is the registrar of the Galaxy Medicare IPO, responsible for managing the IPO allotment procedure and refund initiation. For any queries regarding the Galaxy Medicare allotment and refund, you can contact Cameo Corporate Services Limited at cameo@cameoindia.com or +91-44-28460390.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Galaxy Medicare IPO, download the Galaxy Medicare IPO RHP and Galaxy Medicare IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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Click Here and Sign Up to Get Verdicts on Galaxy Medicare IPO

Galaxy Medicare IPO is open for bidding from 10th September 2025 to 12 September 2025. It is a bookbuilding IPO of ₹22.31 crore, comprising a fresh issue of 0.33 crore shares and offer for sale of 0.08 crore shares. The problem will be listed on BSE and NSE on its tentative listing date, 17th September 2025.

Galaxy Medicare IPO Details 

The Galaxy Medicare IPO date is fixed between 10th September 2025 and 12th September 2025. The face value of Galaxy Medicare IPO shares stands at ₹10 per share, and the IPO price is set at ₹51.00 to ₹54.00 per share.

Cameo Corporate Services Limited is the registrar of the Galaxy Medicare IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

IPO Open Date10th September 2025
IPO Close Date12th September 2025
IPO Allotment Date15th September 2025
Refund Initiation 16th September 2025
Issue Size41,32,000 shares(aggregating up to ₹22.31 Cr)
Fresh Issue 31,00,000 shares(aggregating up to ₹16.74 Cr)
Offer for Sale8,24,000 shares of ₹10(aggregating up to ₹4.45 Cr)
Face Value₹10 per share
Lot Size2,000 shares
Issue Price Band₹51.00 to ₹54.00 per share
Issue TypeBookbuilding IPO
Listing AtNSE & SME
Listing Date17th September 2025

Galaxy Medicare IPO Share Reservation

Galaxy Medicare IPO is a bookbuilding IPO of ₹22.31 crores, comprising a fresh issue of 0.33 crore shares of Galaxy Medicare, which will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Investor CategoriesShares Offered
QIB Shares OfferedNot more than 50.00% of the Offer 
Retail Shares Offered Not less than 35.00% of the Offer 
NII Shares OfferedNot less than 15.00% of the Offer 

Galaxy Medicare IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Galaxy Medicare IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DateIPO PriceGMPEstimated Listing Price Estimated Listing Gains
08-09-2025₹54.00₹0.00₹54.000.00%
07-09-2025₹54.00₹0.00₹54.000.00%
06-09-2025₹54.00₹0.00₹54.000.00%
05-09-2025₹54.00₹0.00₹54.000.00%
04-09-2025₹54.00₹0.00₹54.000.00%
03-09-2025₹54.00₹0.00₹54.000.00%
02-09-2025₹54.00₹0.00₹54.000.00%

As of 8th September 2025, Galaxy Medicare IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹54.00 on its tentative listing date, 17th September 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Galaxy Medicare GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.

Galaxy Medicare IPO GMP Review

Check out the detailed Galaxy Medicare GMP IPO review for a thorough understanding of its potential to report listing gains on 17th September 2025. The Galaxy Medicare IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Galaxy Medicare IPO.

Galaxy Medicare Limited’s revenue increased by 15.32% from ₹32.03 crores in March 2023 to ₹36.94 crores in March 2024. Moreover, the company’s PAT rose by 136.30% from ₹1.57 crores to ₹36.94 crores.

Galaxy Medicare Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Galaxy Medicare IPO, with its tentative listing day set for 17th September 2025.  

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Galaxy Medicare IPO.

Key IndicatorsValue
PE Ratio (Price-to-Earnings) 17.28
EPS (Earnings Per Share)3.12
RoNW23.85%
ROCE23.80
ROE23.85
EBITDA Margin
Price to Book Value3.84
Market Capitalisation₹81.93 Cr

The P/E ratio of Galaxy Medicare Limited’s share is 17.28, and its Earnings Per Share (EPS) stands at 3.12. Thus, the Galaxy Medicare Limited IPO is expected to deliver gains on its tentative listing date, 17th September 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Galaxy Medicare Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio17.282.25
EPS 3.122.25

Galaxy Medicare IPO Subscription Status

The Galaxy Medicare IPO is scheduled to open for bidding on September 10, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Galaxy Medicare IPO subscription status. 

Investor CategoryShares OfferedShares SubscribedSubscription to the Times
QIB Shares OfferedNot more than 50.00% of the Offer Yet to be announcedYet to be announced
Retail Shares Offered Not less than 35.00% of the Offer Yet to be announcedYet to be announced
NII Shares OfferedNot less than 15.00% of the Offer Yet to be announcedYet to be announced

About Galaxy Medicare Limited

Galaxy Medicare was established 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 materials that are procured from the authentic vendors of the market. The company specialises 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 orthopaedic items.

Galaxy Medicare Limited Financials

The company’s financial analysis is crucial before applying for the Galaxy Medicare IPO. Refer to the table to learn about Galaxy Medicare Limited’s financials. 

Year Ended31st March 2024 (in cr.)31st March 2023 (in cr.)
Assets32.5332.31
Revenue36.9432.03
Profit After Tax3.711.57
EBITDA
Net Worth15.5411.94
Reserve and surplus9.5114.78
Total Borrowing8.129.15

Explanation

Galaxy Medicare Limited’s revenue increased by 15.32% from ₹32.03 crores in March 2023 to ₹36.94 crores in March 2024. Moreover, the company’s PAT rose by 136.30% from ₹1.57 crores to ₹36.94 crores.

Galaxy Medicare IPO Bidding Requirements

Investors can bid for a minimum of 145 shares and in multiples of shares thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual Investors (Retail) (Min)24,000₹2,16,000
Individual Investors (Retail) (Max24,000₹2,16,000
S-HNI (Min)36,000₹3,24,000
S-HNI (Max)918,000₹9,72,000
B-HNI (Min)1020,000₹10,80,000

Galaxy Medicare IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.

Use the lot size calculator to find how many shares you should apply for!

Galaxy Medicare IPO Promoter Holding

Have a look at the table below to check the holdings of Galaxy Medicare Limited’s promoters: Rakesh Ashok Markhedkar, Avinash Markhedkar and Nakul Markhedkar.

Share Holding Pre-Issue89.49%
Share Holding Post-Issue64.60

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Galaxy Medicare IPO

The primary aim of the Galaxy Medicare IPO is to raise ₹22.31 crores. On the other hand, Galaxy Medicare has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Galaxy Medicare IPO.

Should I Invest in the Galaxy Medicare IPO?

Explore the pros and cons of Galaxy Medicare to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

   Pros of Galaxy Medicare IPO

Cons of Galaxy Medicare IPO

How to Apply for the Galaxy Medicare IPO?

Check the steps mentioned below to apply for Galaxy Medicare Limited.

Note: You can apply for the Galaxy Medicare IPO from more than one demat account to increase your chances of allotment. 

How to Check Galaxy Medicare IPO Allotment Status?

You can check whether the Galaxy Medicare IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

Check On the Registrar Portal

Let’s Wrap

The Galaxy Medicare IPO is a book-building issue of shares worth ₹22.31 crore. The shares of Galaxy Medicare Limited will be listed on NSE and SSE on its tentative listing date of 17th September 2025. Researching the Galaxy Medicare IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Galaxy Medicare IPO

How is the Galaxy Medicare IPO?

Ans. Currently, on 8th September 2025, the Galaxy Medicare IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹54.00 per share. It is a bookbuilding IPO of ₹22.31 crores, comprising a fresh issue of 0.33 crore shares and offer for sale of 0.08 crore shares. The face value of each share of Galaxy Medicare Limited is ₹1 per share.

What is the Galaxy Medicare IPO price?

Ans. The Galaxy Medicare IPO price is set at ₹51.00 to ₹54.00 per share.  Retail investors can apply for a minimum of 2 lots consisting of 4,000 shares worth ₹2,16,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth ₹3,24,000.

Is the Galaxy Medicare IPO good?

Ans. Galaxy Medicare Limited’s revenue increased by 15.32% from ₹32.03 crores in March 2023 to ₹36.94 crores in March 2024. Moreover, the company’s PAT rose by 136.30% from ₹1.57 crores to ₹36.94 crores.

Who is the registrar of the Galaxy Medicare IPO?

Ans. MUFG Intime India Private Limited is the registrar of the Galaxy Medicare IPO, responsible for managing the IPO allotment procedure and refund initiation. For any queries regarding the Galaxy Medicare allotment and refund, please contact Bigshare Services Private Limited at cameo@cameoindia.com or +91-44-28460390.

What is the issue size of the Galaxy Medicare IPO?  

Ans. Galaxy Medicare IPO is a bookbuilding IPO for 0.33 crore shares worth ₹22.310 crores. Moreover, the IPO is set to open on 10th September  2025 and will be closed on 12th September 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Galaxy Medicare IPO, download the Galaxy Medicare IPO RHP and Galaxy Medicare IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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Check Expert’s Verdicts on Galaxy Medicare IPO

The Galaxy Medicare IPO GMP is ₹1 as of 10th September 2025. It is a bookbuilding IPO of ₹22.31 crores. This is an entirely fresh issue of 0.33 crore shares, and an offer for sale of 0.08 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 17th September 2025. The face value of Galaxy Medicare shares stands at ₹10 per share, and the IPO price band is set at ₹51.00 to ₹54.00 per share. Retail investors can bid for a minimum of 2 lots of 4,000 shares worth ₹2,16,000.

Galaxy Medicare IPO Grey Market Premium

As of 10th September 2025, Galaxy Medicare IPO GMP stands at ₹11 per share. Thus, the estimated listing price would be ₹182. This indicates that the estimated listing gain in this IPO could be 6.43%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the Galaxy Medicare IPO GMP updates.

GMP DateIPO PriceGMPEstimated Listing Price Estimated Listing Gains
10-09-2025₹54.00₹1.00₹55.001.85%
09-09-2025₹54.00₹1.00₹55.001.85%
08-09-2025₹54.00₹0.00₹54.000.00%

Galaxy Medicare IPO Details

IPO Open Date10th September 2025
IPO Close Date12th September 2025
IPO Allotment Date15th September 2025
Refund Initiation 16th September 2025
Issue Size41,32,000 shares(aggregating up to ₹22.31 Cr)
Fresh Issue31,00,000 shares(aggregating up to ₹16.74 Cr)
Offer For Sale8,24,000 shares of ₹10(aggregating up to ₹4.45 Cr)
Face Value₹10 per share
Lot Size2,000 shares
Issue Price Band₹51.00 to ₹54.00 per share
Issue TypeBookbuilding IPO
Listing AtNSE & SME
Listing Date17th September 2025

Explanation

Galaxy Medicare IPO: Galaxy Medicare Limited has declared that the issue price band is set at ₹51.00 to ₹54.00 per share. With this IPO, the company allows retail investors to bid for two lots of 4,000 shares worth ₹2,16,000. The face value of Galaxy Medicare Limited shares is ₹10 per share. The shares of Galaxy Medicare Limited will be listed on NSE and SME on its tentative listing day, 17th September 2025. Scroll down to check GMP updates and Galaxy Medicare IPO reviews. 

Objectives of the Galaxy Medicare IPO

The primary aim of the Galaxy Medicare IPO is to raise ₹22.31 crores. On the other hand, Galaxy Medicare has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Galaxy Medicare IPO.

Galaxy Medicare IPO Registrar

Cameo Corporate Services Limited is the registrar of the Galaxy Medicare IPO, responsible for managing the IPO allotment procedure and refund initiation. For any queries regarding the Galaxy Medicare allotment and refund, you can contact Cameo Corporate Services Limited at cameo@cameoindia.com or +91-44-28460390.

Galaxy Medicare IPO Review  

The Galaxy Medicare IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Galaxy Medicare Limited’s revenue increased by 15.32% from ₹32.03 crores in March 2023 to ₹36.94 crores in March 2024. Moreover, the company’s PAT rose by 136.30% from ₹1.57 crores to ₹36.94 crores. Investors can analyse other relevant factors and make a decision accordingly.

Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Galaxy Medicare IPO or not.

Galaxy Medicare Limited Technicals

Key IndicatorsValue
PE Ratio (Price-to-Earnings) 17.28
EPS (Earnings Per Share)3.12
RoNW23.85%
ROCE23.80
ROE23.85
EBITDA Margin
Price to Book Value3.84
Market Capitalisation₹81.93 Cr

The PE ratio of Galaxy Medicare Limited shares is 17.28, and its Earnings Per Share (EPS) stands at ₹3.12. Thus, the Galaxy Medicare IPO can potentially deliver gains on its tentative listing date, 17th September 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Galaxy Medicare Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio17.282.25
EPS 3.122.25

Galaxy Medicare Limited IPO Peer Comparison

Company NameEPSP/E RatioRoNWFace valueRevenue
Galaxy Medicare Limited2.8417.2810.25₹1036.94
Adeshwar Meditex1.4312.595.17₹1079.98
KMS Medisurgi1.3395.115.44₹1013.98

FAQs on Galaxy Medicare IPO

What is the Galaxy Medicare IPO GMP?

Ans. Currently, on 10th September 2025, the Galaxy Medicare  (Grey Market Premium) stands at ₹1. This indicates that the estimated listing price could be ₹55 per share.

What is the issue price of the Galaxy Medicare IPO?

Ans. The Galaxy Medicare IPO price is set at ₹51.00 to ₹54.00 per share.  Retail investors can apply for a minimum of 2 lots, each consisting of 4,000 shares, worth ₹2,16,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth ₹3,24,000.

Who is the registrar of the Galaxy Medicare IPO?

Ans. Cameo Corporate Services Limited is the registrar of the Galaxy Medicare IPO, responsible for managing the IPO allotment procedure and refund initiation. For any queries regarding the Galaxy Medicare allotment and refund, you can contact Cameo Corporate Services Limited at cameo@cameoindia.com or +91-44-28460390.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Galaxy Medicare IPO, download the Galaxy Medicare IPO RHP and Galaxy Medicare IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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