Galaxy Medicare IPO Subscription Status

On the final day of bidding (12 September 2025, till 5:00 PM), the Galaxy Medicare IPO was subscribed 1.83 times overall.

• QIB portion: 1.00×
• NII portion: 1.48×
• RII portion: 2.10×

The company received bids for 71,90,000 shares against the 39,24,000 shares on offer.

• Day 3: 1.83× subscription
• Day 2: 0.84×
• Day 1: 0.47×

About Galaxy Medicare

Founded in 1992, Galaxy Medicare manufactures, sells, and exports medical devices, POP bandages, and surgical dressings. With more than 30 years of experience, the company owns 27 registered trademarks, including well-known brands such as POP BAND, POP CAST, G CAST, and CARETAPE.

The company supplies products to government health departments, major hospitals, and private companies, giving it a strong nationwide presence. It employs around 190 people and focuses on product innovation, quality improvement, and cost efficiency to meet international standards. A dedicated quality control unit checks each product’s design, quality, and finish, and all manufacturing units are equipped with modern tools, machinery, and technology to meet global requirements.

Financial Highlights

• Revenue: ₹40.27 crore in FY 2025 vs ₹36.94 crore in FY 2024
• Profit: ₹3.37 crore in FY 2025 vs ₹3.71 crore in FY 2024

Grey Market Premium (GMP)

As of Friday, 12 September 2025, the Galaxy Medicare IPO GMP was ₹6, indicating an estimated grey-market price of ₹60, which is a ₹6 premium over the ₹54 issue price.