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Galaxy Medicare Limited is set to open its Initial Public Offering (IPO) on September 10, 2025, inviting investors to participate in this promising opportunity in the healthcare manufacturing sector. The IPO has generated significant interest due to Galaxy Medicare’s established presence in the medical device, surgical dressing, and plaster of Paris bandages (POP bandages) market. Here’s a detailed outlook on the IPO, the company’s strengths, and what investors can anticipate.
Key Highlights of the Galaxy Medicare IPO
The IPO opens on September 10, 2025, and closes on September 12, 2025.
The offer size comprises a fresh issue of up to 33.08 lakh equity shares and an offer for sale of up to 8.88 lakh equity shares — totaling around 41.32 lakh shares.
The price band is set between ₹51 and ₹54 per share, with a minimum lot size of 2,000 shares.
Galaxy Medicare’s business focuses on manufacturing, trading, and exporting medical devices, especially plasters of Paris and related surgical dressings.
The company holds ISO 13485:2016 certification and CE certification, highlighting its commitment to global quality standards.
Galaxy Medicare has built strong relationships with hospitals, diagnostic centers, dispensaries, and nursing homes within India and an expanding international market.
Company Financial Profile and Growth Trajectory
Revenue growth has accelerated in recent years, with total income rising from around ₹32 crore in FY23 to nearly ₹37 crore in FY24.
Operating EBITDA margins improved substantially from 3.16% (FY22) to 14.56% (FY24), reflecting operational efficiencies.
Profit after tax doubled between FY23 and FY24, demonstrating enhanced profitability and management effectiveness.
The company’s consistent quality and client-centric approach have helped generate repeat business and maintain robust customer loyalty.
Sectoral outlook and Industry Positioning
Galaxy Medicare Ltd operates in a rapidly growing healthcare consumables market segment, given increasing healthcare awareness, rising hospital infrastructure, and demand for effective wound care solutions. The medical devices and surgical dressing market in India is expected to grow steadily, providing a favorable environment for Galaxy Medicare’s expansion aspirations.
IPO Objectives and Utilization of Funds
The proceeds from the fresh issue will be primarily used for:
Setting up of new manufacturing facilities to enhance capacity and product offerings.
Expansion of marketing and distribution networks to grow national and international customer reach.
Meeting working capital requirements to support operational scalability.
General corporate purposes building long-term business sustainability.
Investment Considerations for Potential Investors
The IPO represents an opportunity to invest in an established company with quality certifications and a diversified product range.
The healthcare sector’s growth driven by rising medical infrastructure investments adds a structural growth tailwind.
Financial improvements over recent years signal a business on the rise with promising prospects.
As with any investment, risks include market competition, regulatory changes, and dependency on healthcare sector dynamics.
Important Dates and Subscription Details
IPO Opening Date: September 10, 2025.
IPO Closing Date: September 12, 2025.
Basis of Allotment: Expected around September 15, 2025.
Listing Date: Tentatively scheduled for September 17, 2025, on the NSE SME platform.
How To Apply
Applicants can participate through their brokers or online trading platforms during the IPO subscription window. It is advisable to review the company prospectus, risk factors, and consult financial advisors to make an informed investment decision.
Conclusion
Galaxy Medicare Limited’s IPO opens a promising channel for investors looking to tap into India’s expanding healthcare consumables market. With widespread certifications, expanding clientele, and solid financial footing, Galaxy Medicare is poised for growth. Early investments and prudent analysis are essential to maximize this opportunity in a sector that holds long-term structural potential.
Sources: InvestorGain, Moneycontrol, PTI News, Kotak Securities, Economic Times
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