Galaxy Medicare Limited IPO
Galaxy Medicare Limited, incorporated in 1992 in Bhubaneswar, Odisha, is engaged in the manufacturing of medical devices and wound care products. Founded by Mr. Dillip Kumar Das, the company began operations by reviving a closed industrial unit acquired under Odisha’s industrial promotion initiatives. Galaxy Medicare manufactures a wide range of products including Plaster of Paris (POP) bandages, medical tapes, surgical dressings, adhesive bandages, absorbent gauze, and other disposable wound care and management products. With decades of experience, the company has established itself as a reliable player in the healthcare and medical devices sector.
Price Band₹51 - ₹54 |
Dates10 Sep - 12 Sep |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹22.31 Crs |
Galaxy Medicare IPO Objects
- Funding Capital Expenditure requirement towards purchase of machinery
- Funding the working capital requirements
- General Corporate Purposes
Galaxy Medicare IPO Details
Price Band₹51 - ₹54 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹17.86 Cr (0.33 Cr Shares) |
Offer For Sale₹4.45 Cr (0.08 Cr Shares) |
Total Issue₹22.31 Cr (0.41 Cr Shares) |
Face Value₹10 per equity share |
Galaxy Medicare IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
2
4,000
2,16,000
Maximum
2
4,000
2,16,000
|
|||
| Small HNI |
Minimum
3
6,000
3,24,000
Maximum
9
18,000
9,72,000
|
|||
| Big HNI |
Minimum
10
20,000
10,80,000
|
|||
Galaxy Medicare IPO GMP
The estimated Grey Market Premium of Galaxy Medicare IPO is ₹0 per share (0.00%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 2% of Net Offer |
| NII | Not less than 39% of Net Offer |
| Retail | Not less than 58% of Net Offer |
| Market Maker | 2,08,000 EQ Shs |
Galaxy Medicare IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 40.27 | 36.94 | 32.03 |
| Profit after Tax | 3.37 | 3.71 | 1.57 |
| Net Worth | 18.36 | 15.54 | 11.94 |
| Total Borrowing | 4.61 | 8.12 | 9.15 |
| Total Assets | 31.49 | 32.53 | 32.31 |
| NAV per share (in ₹) | 15.48 | 13.10 | 10.07 |
| EPS - Basic (in ₹) | 2.84 | 3.12 | 1.32 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 11.69% |
| PAT | 8.60% |
| ROE | 19.88% |
| ROCE | 22.38% |
| Debt to Equity | 0.25 |
| PE Ratio | 19.01 |
| PB Ratio | 3.49 |
| Mkt Cap (in Crs.) | 81.93 |
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Galaxy Medicare IPO Peer Comparision
| Particulars | Galaxy Medicare | Adeshwar Meditex | KMS Medisurgi |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 39.20 | 83.71 | 13.94 |
| PAT (In Crs.) | 3.37 | 2.07 | 0.44 |
| EPS - Basic | 2.84 | 1.43 | 1.33 |
| NAV per share | 14.06 | 27.69 | 24.50 |
| RONW | 10.25% | 5.17% | 5.44% |
| EBITDA | 14.59% | 5.53% | 6.88% |
| PAT Margin | 9.00% | 2.00% | 3.00% |
| Price to earning (PE) | 19.01 | 12.59 | 95.11 |
| Debt to Equity | 0.25 | 0.31 | 0.11 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 6, 2024 for Peers
Galaxy Medicare IPO Peer Comparision
| Particulars | Galaxy Medicare |
|---|---|
| Revenue from Ops (in Crs.) | 39.20 |
| PAT (In Crs.) | 3.37 |
| EPS - Basic | 2.84 |
| NAV per share | 14.06 |
| RONW | 10.25% |
| EBITDA | 14.59% |
| PAT Margin | 9.00% |
| Price to earning (PE) | 19.01 |
| Debt to Equity | 0.25 |
| Adeshwar Meditex | KMS Medisurgi |
|---|---|
| 83.71 | 13.94 |
| 2.07 | 0.44 |
| 1.43 | 1.33 |
| 27.69 | 24.50 |
| 5.17% | 5.44% |
| 5.53% | 6.88% |
| 2.00% | 3.00% |
| 12.59 | 95.11 |
| 0.31 | 0.11 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 6, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Dilip Das | 17.80% |
| Kiran Das | 1.48% |
| Subasish Das | 6.40% |
| D K Das & Sons HUF | 20.61% |
| Industrial Designs and Services | 16.50% |
| Others | 36.78% |
| Total | 99.57% |
Management Details
| Name | Designation |
|---|---|
| Dillip Das | Chairman & MD |
| Tapas Dhal | CFO |
Company Details
Name: Galaxy Medicare Limited
Address: Plot No-2, Zone D, Phase A,
Estate, Bhubaneswar, Khurda-751010
Number: +91 7381890000
Email: cs@galaxymed.co.in
Website: www.galaxy.in
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Galaxy Medicare IPO is a SME IPO having an issue size of Rs. ₹22.31 Crs. Galaxy Medicare IPO is priced at ₹51 - ₹54 per share. The issue opens on 10 Sep 25 and closes on 12 Sep 25.
Galaxy Medicare IPO opens on 10 Sep 25 and closes on 12 Sep 25.
The estimated Grey Market Premium of Galaxy Medicare IPO is ₹0 per share (0.00%).
The minimum lot size of Galaxy Medicare IPO is 2000 shares & the minimum application amount is Rs. 108000.
The allotment date of Galaxy Medicare IPO is 15 Sep 25.
The listing date of Galaxy Medicare IPO is 17 Sep 25.
Galaxy Medicare IPO is subscribed -.
Galaxy Medicare IPO is priced at ₹51 - ₹54 per share.
Click the allotment link on Galaxy Medicare IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Galaxy Medicare IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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