IPO Trending
GMLSME / NSEListed
Galaxy Medicare

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.

₹51 - ₹541.89x sub
Listed Price₹54.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open10 Sep 2025
Close12 Sep 2025
Allotment15 Sep 2025
Listing17 Sep 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB80,000 shares
1.94%
HNI15,36,000 shares
37.17%
Retail23,08,000 shares
55.86%
Market Maker2,08,000 shares
5.03%

Minimum Application Lots

Retail2 Lots (4,000 shares)
₹2,16,000
sHNI3 Lots (6,000 shares)
₹3,24,000
bHNI10 Lots (20,000 shares)
₹10,80,000

Company Promoters

Mr. Dillip Kumar DasMr. Subhasish DasMrs. Kiran Das

Company Background

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, adhesiv...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹40.27 Cr
Growth+25.7%
Revenue Trend (₹ in Crores)
0.015.430.946.3Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2540.273.3731.94.61
Mar-2436.943.7132.538.12
Mar-2332.031.5732.319.15

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-252.8419.88%22.38%19.0124.31
Mar-243.1226.98%25.17%00
Mar-231.3214.08%14.08%00

Peer Comparison & Valuation

Financial Performance

Adeshwar Meditex Limited

NAV/Share (₹)27.69
RONW(%)5.17
EPS (Basic) (₹)1.43

KMS Medisurgi Limited

NAV/Share (₹)24.5
RONW(%)5.44
EPS (Basic) (₹)1.33

Galaxy Medicare Limited

NAV/Share (₹)14.06
RONW(%)10.25
EPS (Basic) (₹)2.84

Valuation

Adeshwar Meditex Limited

P/E(X)12.59
CMP* (₹)18
Face value (₹)10

KMS Medisurgi Limited

P/E(X)95.11
CMP* (₹)126.5
Face value (₹)10

Galaxy Medicare Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)10

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Cameo Corporate Services Limited

Allotment Finalized
Allotment Date
15 Sep 2025
Official Status
Out / Finalized
Registrar
Cameo Corporate Services Limited
Listing Date
17 Sep 2025

Official Allotment Verification Links

Official Registrar Portal
Cameo Corporate Services Limited

Direct allotment verification on the official registrar portal appointed for Galaxy Medicare. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization15 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date17 Sep 2025Trading commences on exchange

How to Check Galaxy Medicare Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Galaxy Medicare from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Galaxy Medicare IPO

Complete issue overview for Galaxy Medicare (GML) IPO. The issue features an equity share price band of ₹51 – ₹54 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,08,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions