Galaxy Medicare Ltd IPO
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Galaxy Medicare Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 41.32 L | ₹ 8.24 L | ₹ 23.08 L | ₹ 118.22 L | NSE | ₹ 22.31 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 Sep, 25 | 12 Sep, 25 | 2000 | ₹ 1,02,000 | Book Building - SME | 17 Sep, 25 |
Galaxy Medicare Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Healthcare |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 1x | 80000 | 80000 |
| NII | 1.61x | 1536000 | 2474000 |
| Retail | 2.1x | 2308000 | 4844000 |
| Employee | 0x | 0 | 0 |
| Total | 1.79x | 4132000 | 7398000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Galaxy Medicare Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.21 | 3.12 | 1.06 |
| EBITDA | 5.69 | 4.24 | 2.04 |
| PAT | 3.71 | 1.57 | -0.21 |
| Total Assets | 14.98 | 14.97 | 13.99 |
| Share Capital | 11.86 | 3.04 | 3.04 |
| Total Borrowings | 9.24 | 9.85 | 11.36 |
| Operating Activities (Net Cash) | 4.19 | 2.69 | 0.77 |
| Investing Activities (Net Cash) | 3.11 | 2.63 | 1.29 |
| Financing Activities (Net Cash) | 9.24 | 9.85 | 11.36 |
| Net Cashflow | 0.37 | 0.36 | 0.49 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Galaxy Medicare Ltd
Our Company was originally incorporated as Galaxy Medicare Ltd on July 23, 1992 at Bhubaneswar, Orissa as a Limited Company under the Companies Act, 1956 with the Registrar of Companies, Cuttack, Odisha bearing Registration Number 003113 of 1992. The Corporate Identification Number of our Company is U24232OR1992PLC003113.
The global plaster bandages market size was USD 8.8 Billion in 2023 and is projected to reach USD 14.9 Billion by 2032, expanding at a CAGR of 5.60% during 2024-2032. The market growth is attributed to the growing demand for effective healing solutions. Increasing demand for effective wound care solutions is underscoring the importance of plaster bandages. These medical products, which provide support and protection to injured body parts, are a staple in healthcare settings worldwide. Plaster bandages find unique application in the field of prosthetics beyond their traditional role in fracture management, where they are used to create molds for prosthetic limbs, and in the arts, where they serve as a tool for creating sculptures and casts. In 2024, the revenue in the Wound Care market worldwide amounts to US$3.44bn. This market is projected to grow annually by 0.40% (CAGR 2024-2029). Among all countries, the in the United States generates the highest revenue with US$1,052.00m in 2024. In terms of per person revenues, the global average is US$0.44 in 2024. The Indian medical tapes and bandages market was valued at INR 2,296 crore in 2021 which is expected to reach INR 3,362 crore in 2028 at a CAGR of 5.8%. Medical POP Bandage, adhesive tapes and bandages are designed for a variety of healthcare applications. It is used to secure wound care dressing, secure wounds and skin, compression bands, and other healthcare devices. The medical tapes and bandages are an essential part of any medical procedure. The growth of the market is attributed to the rising cases of burning and road accidents. Medical tapes and bandages are widely used for traumatic wound treatment in India, which was valued at INR 996 crore in 2021 and is predicted to reach INR 1,424 crore by 2028 at a CAGR of 5.4%. Traumatic wounds comprise skin tears, lacerations, abrasions, bites, and penetrating trauma wounds. Several wound tapes are available for traumatic wound treatment such as Curi-strip, Nichi-Strip, Steri-Strip, and 3M Steri-Strip. The other segment includes IV site dressings, fractures, and diagnostic use. This segment is expected to grow fastest during the forecast period from Rs. 57 crore in 2021 to Rs. 88 crore by 2028 at a CAGR of 6.6%.
Our Company Galaxy Medicare Limited is into the manufacturing, trading and exporting of Medical Devices, Plasters of Paris Bandages (POP Bandage) and Other surgical dressings in India.
Peer Comparison:
- Adeshwar Meditex Ltd
- KMS Medisurgi Ltd
Galaxy Medicare Ltd IPO Key Points
Strengths
- Organizational stability along with management expertise.
- Established reputation and customer relationships.
- Focus on consistently meeting quality standards.
- International Presence.
- Well Established Manufacturing Facility designed for wide range of products.
Risk
- The company is supplying to certain key customers, from whom its derives a significant portion of the company revenues. The loss of any significant customer may have a material and adverse effect on its business and results of operations.
- The comapny is highly dependent on its suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of the raw materials, or an increase in its raw material costs and other input costs, may adversely affect the pricing and supply of the products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.
- The Company, the Directors, and the Promoters is parties to certain legal proceedings. Any adverse decision in such proceedings may have adverse effect on its business, prospects, results of operations and financial condition.
Strategy
- Building our relationship with industry leading OEM's i.e. Principal to Principal and diversifying our customer base by expanding our business in medical device and surgical dressings products.
- Strengthening our business through effective branding, promotional and digital marketing activities.
- Focus on Increase in Products range and Volume of Sales.
- Reduction of operational costs and achieving efficiency.
- Focus on consistently meeting quality standards.
- Organizational stability along with management expertise.
- Established reputation and customer relationships.
- Focus on consistently meeting quality standards.
- International Presence.
- Well Established Manufacturing Facility designed for wide range of products.
How To Apply for Galaxy Medicare Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
