Galaxy Medicare
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Open
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IPO Timeline
Issue open date
10 Sep 2025Issue close date
12 Sep 2025UPI mandate deadline
12 Sep 2025Allotment finalization
15 Sep 2025Refund initiation
16 Sep 2025Share credit
16 Sep 2025Listing date
17 Sep 2025Mandate end date
27 Sep 2025Lock-in end date for anchor investors (50%)
15 Oct 2025Lock-in end date for anchor investors (remaining)
15 Dec 2025Grey Market Premium Trend
₹3
Current GMP
₹57
Est. Listing Price
5.6%
Est. Listing Gain
₹51 - ₹54
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 9 Sep | ₹3 | ₹57 | 5.56% |
| 8 Sep | ₹1 | ₹55 | 1.85% |
| 7 Sep | ₹0 | ₹54 | 0.00% |
IPO Closes in
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IPO Subscription Status
| Category | Times | Allotment Chances |
|---|---|---|
| HNIs (Total) | 0.65 | 100% |
| bHNI | 0.96 | 100% |
| sHNI | 0.03 | 100% |
| QIBs | 1 | 100% |
| Retail | 0.28 | 100% |
Last updated: 10 September'25 10:54AM
Key Dates
Open
10 Sep 2025Close
12 Sep 2025Listing
17 Sep 2025Quick Stats
Issue Size:22cr
Lot Size:2000 shares
Issue Details
Issue Size:22cr
Offer for Sale:8,24,000 Shares
Face Value:₹10
Listing At:NSE SME
Additional Resources
About the Company
Galaxy Medicare is a leading Indian manufacturer, trader, and exporter of medical devices, Plaster of Paris (POP) bandages, and surgical dressings, established in 1992. With over three decades of experience in the healthcare industry, the company operates through a diversified business model including in-house manufacturing, OEM production, institutional sales, exports, and trading. The company has built a strong reputation with 27 registered trademarks and serves government health departments, corporate hospitals, and private healthcare providers across India and international markets.
Strengths
- Organisational stability along with management expertise
- Established reputation and customer relationships
- International presence
- Well established manufacturing facility designed for wide range of products
- Experienced management team and workforce
Risks
- Legal proceedings involving Company, Directors and Promoters may adversely impact business
- High revenue concentration in Western India creates geographic vulnerability
- Regulatory changes in healthcare sector could impact operations
- Currency fluctuation risks affecting export revenues
- Raw material price volatility impacting manufacturing costs
Galaxy Medicare IPO – Frequently Asked Questions
- The price band for the Galaxy Medicare IPO is set at ₹51 to ₹54 per share.
- The Galaxy Medicare IPO opens on September 10, 2025 and closes on September 12, 2025.
- The tentative listing date for the Galaxy Medicare IPO is September 17, 2025.
- You can apply for the Galaxy Medicare IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Galaxy Medicare, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Galaxy Medicare IPO is 2000 shares. Investors must apply for at least one lot (i.e., 2000 shares).