Galaxy Medicare IPO

About the company

Incorporated in 1992, Galaxy Medicure operates as a manufacturer, trader, and exporter of medical devices, specialising in Plaster of Paris Bandages (POP Bandage) and other surgical dressings in India. In FY25, the company derives 88.64% of revenue from private customers and 11.36% from government sales. Its core products are POP Bandage B.P. and Elastic Adhesive Bandage B.P., which contributed 57.17% and 31.85% of FY25 revenue, respectively. Galaxy Medicure holds 25 registered trademarks in India for its product brands. The company has a strong export presence across multiple countries, with Bangladesh being the largest export market, contributing ₹7.24 crore in FY25. The company has a distribution network with 81 distributors across 12 states in FY25.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   10 Sept 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   12 Sept 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   15 Sept 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   16 Sept 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   16 Sept 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   17 Sept 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.