Galaxy Medicare came to market through an SME IPO that opened on 10 September 2025 and closed on 12 September 2025, and the shares listed on 17 September 2025 on NSE SME. The price band was ₹51 to ₹54 per share and one lot was 2000 shares, so the minimum application was ₹1,08,000. The issue size was ₹22.31 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Cameo Corporate Services Limited was the registrar to the issue, and Affinity Global Capital Market Pvt Ltd was the lead manager.
As of 12 September 2025.
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Incorporated in July 1992, Galaxy Medicare Limited produces and exports medical devices, POP bandages, and surgical dressings in India. The company produces these items using superior quality raw material that is sourced from the genuine suppliers of the market.The company deals in a variety of products, including surgical dressings, plaster of Paris bandages, adhesive tapes, compression bandages, and solutions for wound care.Their products cater to various medical requirements, such as gauze products and orthopedic products.
The business of the company comprises the following: Flagship brand manufacturing and branding: POP BAND, POP CAST, G CAST, GYPSOSOFT, GYPSOPLAST, CARETAPE, GYPSOCREPE, CARECREPE, CAREPORE, GYPSONET, GYPSOCHLOR, FIXCAN ETC. OEMs procure components, design, produce, and test quality as per brand owners' specifications on Principal-to-Principal basis; Institutional sales through government tenders on GEM Portal; Exporting products internationally and trading surgical devices dressings.
The company has 27 registered trademarks in India catering to domestic and international markets.The products of the company are well-accepted by the medical fraternity and supplied across India to corporate hospitals, government health departments, and private organizations.The company follows ISO 9001:2015 and ISO 13485:2016 certifications to ensure that its products stand up to the high standards of healthcare institutions. The company employs 190 people in different departments as of March 2025.
As described in the offer document.
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Mr. Dillip Kumar Das, Mr. Subhasish Das, Mrs. Kiran Das. Promoter holding 89.49% before the issue and 64.60% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Galaxy Medicare IPO was a ₹22.31 crore book-built issue, comprising a fresh issue of ₹17.86 crore and an offer for sale of ₹4.45 crore. It was priced at ₹51–₹54 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,16,000). The IPO was open from September 10 to September 12, 2025 and was subscribed 1.89x. Shares listed on NSE SME on September 17, 2025 at ₹54, in line with the issue price of ₹54.
Cameo Corporate Services Limited is the registrar. Affinity Global Capital Market Pvt Ltd is the book running lead manager.
The price band of Galaxy Medicare IPO is ₹51 to ₹54 per share.
The lot size of Galaxy Medicare IPO is 2000 shares.
The minimum investment for Galaxy Medicare IPO is approximately ₹2,16,000 based on the upper price band.
The allotment date of Galaxy Medicare IPO is Sep 15, 2025.
You can check Galaxy Medicare IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Galaxy Medicare IPO allotment status on Rupix for quick and easy access.
₹51 to ₹54 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,08,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,08,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 September 2025 and closed on 12 September 2025.
The basis of allotment was published on 15 September 2025 by Cameo Corporate Services Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 17 September 2025 on NSE SME.
The issue size was ₹22.31 crore. The fresh issue was 33,08,000 shares (aggregating up to ₹17.86 crore). The offer for sale was 8,24,000 shares (aggregating up to ₹4.45 crore).