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Galaxy Medicare IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 22.31 Cr. The company is based in Bhubaneswar and caters to Healthcare sector. Affinity Global Capital Market is the merchant banker of Galaxy Medicare IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 13th March 2025. Galaxy Medicare IPO open date is 10th September 2025 and close date is 12th September 2025. IPO Allotment Date is 15th September 2025 and Listing date is 17th September 2025.
IPO
Size:
₹ 22.31 Cr.
Avg IPO Size (Sector Based)
: ₹
29.94 cr.
Sector: Healthcare
SME
IPO so far:
51
Merchant Banker:
Affinity Global
SME
IPO by BRLM so far:
7
City:
Bhubaneswar
SME
IPO so far:
2
Revenue (annualised):
₹
39.20
cr. 
PE
Ratio:
23.96x
Average Sector PE Ratio: 19.08x
Galaxy Medicare IPO size is ₹ 22.31 Cr. with IPO price of ₹ 54.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Funding the working capital requirements | 9 |
| General Corporate Purposes | [●] |
| To meet the offer related expenses | [●] |
| Total | [●] |
Affinity Global Capital Market Private Limited is the book-running lead manager of the Galaxy Medicare IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Prabhat Financial Services Limited for Galaxy Medicare IPO.
Galaxy Medicare IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Galaxy Medicare IPO, based in Bhubaneswar, operates in the Healthcare sector with a focus on Trading and exporting of Medical Devices. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Galaxy Medicare IPO size is ₹ 22.31 Cr. with fresh issue size of ₹ 18 Cr. and Offer for sale being ₹ 4.45 Cr.
The IPO allotment date for Galaxy Medicare IPO is expected to be 15th September 2025, after the finalization of basis of allotment. Investors can check Galaxy Medicare IPO allotment status on the registrars website, Cameo Corporate Services Limited . Galaxy Medicare IPO refund dates are 16th September 2025.
Galaxy Medicare IPO is expected to be listed on 17th September 2025.
The upper price band for the Galaxy Medicare IPO is set at ₹ 54.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Galaxy Medicare IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Galaxy Medicare IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 12th September 2025. After submission, funds are blocked until the basis of allotment of Galaxy Medicare IPO is finalised.
The merchant banker for Galaxy Medicare IPO is Affinity Global Capital Market Private Limited . Affinity Global Capital Market Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Galaxy Medicare IPO RHP for further details.
The registrar for Galaxy Medicare IPO is Cameo Corporate Services Limited . Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Galaxy Medicare IPO through their official website or helpline.
Galaxy Medicare IPO was subscribed 1.83 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
₹ 22.31 Cr.
Avg IPO Size (Sector Based)
:
₹ 29.94 Cr.
Sector: Healthcare
SME
IPO so far:
51
Merchant Banker:
Affinity Global
SME
IPO by BRLM so far:
7
City:
Bhubaneswar
SME
IPO so far:
2
Revenue (annualised):
₹ 39.20 cr.
PE
Ratio:
23.96x
Average Sector PE Ratio: 19.08x
Galaxy Medicare IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Galaxy Medicare Financial Review Page
Merchant Banker(s) of Galaxy Medicare IPO: Affinity Global Capital Market Private Limited
Galaxy Medicare IPO subscription was 1.83 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Galaxy Medicare IPO listed at a listing price of 54.00 against the offer price of 54.00.
The current market price of Galaxy Medicare is 51.30.
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