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Closed Issues
Galaxy Medicare Ltd.
Issue Open Date 10-Sep-25  
Issue Closing Date 12-Sep-25  
Application Money 100  
Allotment Money  
Price Band 51 - 54  
Minimium Application No. 4000  
Issue Size (Shares) 4132000  
Market Lot 1  
Objective
1. Funding Capital Expenditure requirement towards purchase of machinery for our existing manufacturing facility at Bhubaneshwar, Odisha2. Funding the working capital requirements3. General Corporate Purpose; and4. To meet the Offer expenses
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors     2474000    
Qualified Institutional Buyers     80000    
Retail Individual Investors     4844000    
Business Description
Our Company was originally incorporated in the name & style of “Galaxy Medicare Limited” on July 23, 1992, in Bhubaneswar, Odisha as a Public Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation bearing CIN: U24232OR1992PLC003113, issued by Registrar of Companies, Cuttack, Odisha. The Registered Office of the Company is situated at Plot No-2, Zone D, Mancheswar Industrial Estate, Bhubaneswar, Khorda, Odisha, -751010, India. The company commenced its operations in 1992 when our founder, Mr. Dillip Kumar Das, acquired a closed business unit from Odisha Industrial Infrastructure Development Corporation (IDCO) and Odisha State Financial Corporation under the investment promotion, facilitation and aftercare strategy of Industrial Promotion and Investment Corporation of Odisha (IPICOL) and revived the business unit to start manufacturing of Medical Devices such as Plaster of Paris Bandage (POP Bandage), Medical Tapes and Bandages, Other surgical dressings and external preparations products of Wound care & Wound management including sterile surgical wound dressing, medical disposable, adhesive bandages, absorbent gauze, etc. Our business operations have been led by our Promoter Mr. Dillip Kumar Das and assisted by his younger son, Mr. Subhasish Das and his Daughter-in-Law, Mrs. Kiran Das who have experience in the Medical Device, Plasters of Paris Bandages (POP Bandage) and Other Surgical Dressing Industry.
Promoter's Holding
Total Share Capital   11812476  
Offered to Public   4440000  
Promoter's Holding (Pre-Issue)   99.57  
Promoter's Holding (Post-Issue)    
Address
Plot No. 2
Zone D
Mancheswar
Industrial Estate
Khurda
Bhubaneswar,
Orissa,
751010
Phone : 7064810000 / 7381890000
Email : info@galaxy.in
Website : https://galaxy.in/
Registrar
Cameo Corporate Services Ltd
Subramanian Buildings No 1
Club House Road

Chennai
Listed at
NSE
Lead Manager
Affinity Global Capital Market Pvt Ltd.
Promoters
D.K. Das & Sons & HUF
Dillip Kumar Das
Kiran Das
Subhasish Das
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