IPO - Initial Public Offerings

 GML

  

GALAXY MEDICARE LTD. IPO

10 Sep, 10:00 AM

Issue Open

12 Sep, 05:00 PM

Issue Close

2000

Lot Size

₹ 51.00 – ₹ 54.00

Price Range

IPO Issue Details

Issue size 22.31 Cr
Market Price 54.00
Registrar Cameo Corporate Services Ltd
Face Value RS.10 /- Per share
Listing at NSE

About

GALAXY MEDICARE LTD. IPO
Incorporated 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 material that is procured from the authentic vendors of the market. The company specializes 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 orthopedic items. The company's business includes the following:- Manufacturing and branding for flagship brands: POP BAND, POP CAST, G CAST, GYPSOSOFT, GYPSOPLAST, CARETAPE, GYPSOCREPE, CARECREPE, CAREPORE, GYPSONET, GYPSOCHLOR, FIXCAN ETC.; OEMs source components, design, manufacture, and test quality according to brand owners' specifications under Principal-to-Principal basis; Institutional sales via government tenders on GEM Portal; Exporting its products internationally and trading surgical devices dressings. The company has 27 registered trademarks in India, serving domestic and international markets. The company's products are accepted by the medical community and supplied throughout India to government health departments, corporate hospitals, and private entities. The company complies with ISO 9001:2015 and ISO 13485:2016 certifications, ensuring that its products meet the rigorous demands of healthcare institutions. As of March 2025, the company has 190 employees in various departments.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 4000 ₹ 2,16,000.00
Retail (Max) 2 4000 ₹ 2,16,000.00
S-HNI (Min) 3 6000 ₹ 3,24,000.00
S-HNI (Max) 8 16000 ₹ 8,64,000.00
B-HNI (Min) 9 18000 ₹ 9,72,000.00

IPO TimeLine

Open Date 10-Sep-2025
Close Date 12-Sep-2025
Basis of Allotment Date 15-Sep-2025
Initiation of Refunds 16-Sep-2025
Credit Shares to Demat A/c 16-Sep-2025
IPO Listing Date 17-Sep-2025