Galaxy Medicare IPO Day 3Galaxy Medicare IPO Sees Limited Demand, Subscribed 1.83x on Day 3

Galaxy Medicare Limited's initial public offering (IPO) has demonstrated limited investor interest through its third and final day of subscription, with Galaxy Medicare's stock price set at ₹51-54 per share, reflecting cautious market reception. The ₹22.31 crore IPO reached 1.83 times by 5:34:08 PM on day three, indicating limited investor interest in this medical devices and surgical dressings manufacturer incorporated in 1992.

Galaxy Medicare IPO individual investors segment leads with moderate 2.10 times subscription, whilst non-institutional investors demonstrate limited participation at 1.48 times and qualified institutional buyers (ex-anchor) show minimal interest at 1.00 times, reflecting measured investor confidence in this company.

IPO subscription status reached 1.83 times on day three, led by Individual Investors (2.10x), Non-Institutional Investors (1.48x), and QIB (Ex-Anchor) (1.00x). Total applications reached 1,285 as of Day 3 (September 12, 2025, 5:34:08 PM).

Don’t Miss Out on the Next Big IPO – Invest With Just a Few Clicks!

Open Account Now

Subscription Status of Galaxy Medicare IPO:

Galaxy Medicare IPO Reservation

Key Highlights - Day 3:

• Overall subscription reached a limited 1.83 times, showing substantial improvement from day two's 0.84 times
• Individual investors displaying moderate confidence at 2.10 times, building substantially from day two's 0.70 times
• bNII category demonstrating limited performance at 1.88 times, building modestly from day two's 1.48 times
• Non-institutional investors displaying limited performance at 1.48 times, building moderately from day two's 1.05 times
• Qualified institutional buyers showing minimal performance at 1.00 times, unchanged from day two's 1.00 times
• sNII segment is showing limited interest at 0.66 times, building substantially from day two's 0.18 times
• Total applications reached 1,285, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹38.83 crores, moderately exceeding the issue size of ₹22.31 crores

About Galaxy Medicare Limited

Incorporated in July 1992, Galaxy Medicare Limited manufactures and exports medical devices, POP bandages, and surgical dressings in India. The company specialises in surgical dressings, plaster of Paris bandages, adhesive tapes, and wound care solutions with 27 registered trademarks, serving domestic and international markets with ISO 9001:2015 and ISO 13485:2016 certifications.