As the share allotment of some of the prominent SME IPOs reveals, investors who have applied for any of the IPOs of Galaxy Medicare and Taurian MPS expect clarity on their subscription status. Each of these companies saw less than moderate investor’s interest over the 3-day subscription period.
Galaxy Medicare Vs Taurian MPS: About The Companies
Galaxy Medicare Limited
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.
Taurian MPS Limited
Taurian MPS Limited, a Jharkhand based company, involved in metal processing services, catering to clients who are into manufacturing, engineering, and construction sectors. The company was formed in 2011 and has subsequently made a portfolio of value-added customized solutions such as cutting of metal, bending, and tailored processing, helping both domestic and export marketplaces.
Galaxy Medicare Vs Taurian MPS: IPO and Subscription Details
How to Check IPO Allotment Status Of Galaxy Medicare and Taurian MPS
To find out whether you received share allotment:
On NSE Website
1. Visit https://www.nseindia.com
2. Click on Equity & SME IPO Bid Details
3. Select the IPO name (Galaxy Medicare or Taurian MPS)
4. Enter your PAN number and Application Number
5. Submit to view status
On BSE Website
1. Visit https://www.bseindia.com
2. Choose Equity under Issue Type
3. Select the company name
4. Enter PAN/Application Number and captcha
5. Click Search
Galaxy Medicare Vs Taurian MPS IPO Allotment: What Happens Next?
Once the allotment is done, there will be:
• Refunds sanctioned to the non-allottees within a time span of 2–3 business days.
• Transfer of shares to the demat account of allotees.
• Post-listing, market performance would be analysed by the experts to project the investor’s sentiment and market outlook.
Galaxy Medicare Vs Taurian MPS: Key Takeaways from Investor Response
• Taurian MPS Limited saw a strong investor demand, with a total subscription of 9.95x, in comparison to Galaxy Medicare which has 1.77x subscription.
• Institutional investor’s interest was a bit higher during the Taurian MPS public offer, in comparison to QIBs subscription which was 15.86x Vs 1.00x in Galaxy.
• Good HNI and retail participation in Taurian shows confidence in its industrial growth projections.
• Galaxy Medicare, though modest in oversubscription, provides to the healthcare sector, traditionally seen as stable and defensive.
(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.)
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.
