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08/09/2025 19:50

Galaxy Medicare announces launch of initial public offering

Galaxy Medicare Ltd. has announced public offering of 4132000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 44.00 per share. The gross proceeds of the issue are expected to be Rs 2,231.28 lakhs.

The company's initial public offer (IPO) will open on 10 September 2025 and is expected to close on 12 September 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 51.00-54.00 per share.

The IPO includes a fresh Issue of 4132000 Equity Shares of the Company at an price of Rs 54.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Galaxy Medicare Ltd. anticipates using the proceeds of the issue for .

Affinity Global Capital Market Pvt. Ltd. as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.