Galaxy Medicare Limited, Odisha based company deals in medical devices and surgical equipment, listed on stock exchange today, September 17, 2025. The company opens its public subscription on September 10, 2025 and closed on September 12, 2025.
Galaxy Medicare Limited was fully subscribed to 1.77 times on the last day of its public offer. Retail Institutional Investors subscribed to 2.07 times, Qualified Institutional Buyers (QIBs) to 1.00 times, and Non-Institutional Investors (NIIs) to 1.61 times.
The company’s share price on the stock exchange today varies between Rs.51.30 (Min.) to Rs.54.00 (Max.). The stock was, however, listed at a price of Rs.54.00 and closed at Rs. 51.30 at the end of the day. There was a depreciation of -5% with respect to the issue price of this IPO.
Galaxy Medicare Limited: Day 1 of Listing
Galaxy Medicare Limited: IPO Details at a Glance
• IPO Opening Date: September 10, 2025
• IPO Closing Date: September 12, 2025
• Total Issue Size: Rs.22 crore
• Fresh Issue: Rs.22 crore
• Offer for Sale: Nil
• Price Band: Rs.51 – Rs.54
• Size of one Lot: 2,000 shares
• Min. Investment for Retail: Rs.2,16,000
• Listing At: NSE SME
• Registrar: Cameo Corporate Services Limited
Galaxy Medicare Limited: Company Overview
Galaxy Medicare Limited, Odisha based company, was founded in 1992 to provide pioneering products, technologies, and customized solutions. The company is into the production of extensive range of products including Medical Devices and Surgical equipment.
It manufactures these products with the help of premium grade raw material that is procured from the authentic vendors of the market. The company offers these at very reasonable price with in-time delivery.
Galaxy Medicare works for a wide range of customer across India and several international markets, providing high-quality, reliable, and cost-effective medical products with an emphasis on safety and hygiene.
(Disclaimer: The above article is only for the purpose of information. It does not constitute financial guidance in any form(s). Investors here are suggested to carefully review the prospectus and refer to a registered financial advisor or certified investment professional before they finalise any investment. Similarly, past performances are not an indication of future outcomes. Investments are subject to market risks.)
Also Read: Dev Accelerator Share Price: IPO Listed With A Modest Gain, Small Win Or Opportunity Ahead
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
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