Galaxy Medicare IPO Listing at 0% Premium at ₹54 Per Share

Check Experts’ Verdicts on Galaxy Medicare Limited

Galaxy Medicare IPO Listing: The Galaxy Medicare IPO was subscribed 1.83 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 1.00 times the allocation, and non-institutional investors (NIIs) received 1.48 times the allocation. The retail quota of the issue was subscribed to 55.86%. Before delving deeper into the topic, go through the details of the Galaxy Medicare IPO.

Galaxy Medicare IPO Listing

On the NSE and SME platform, shares are listed at ₹54, reflecting a premium of 0% against the issue price of ₹54 per Share. 

Galaxy Medicare IPO Details

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 NSE and SME on its tentative listing date, 17th September 2025. 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.

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. 

Explanation

Galaxy Medicare Limited’s revenue increased by 9% from ₹36.94 crore in March 2023 to ₹ 40.27 crore in March 2024. Moreover, the company’s PAT dropped by 9% from ₹3.71 crores to ₹3.37 crores.

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