Galaxy Medicare SME IPO Subscription Status
Galaxy Medicare SME IPO closed on 12 September 2025 with an overall subscription of 1.83x based on shares applied. QIB demand came in at 1.00x, NII at 1.55x, and retail at 1.83x.
Allotment will be finalised on 15 September 2025. The stock is scheduled to list on NSE and BSE on 17 September 2025.
Issue Price
Rs 54.00
GMP Today
-
Overall Subscription
1.83x
Issue Size
₹21.19 Cr
Allotment Date
15 Sept 2025
Listing Date
17 Sept 2025
Galaxy Medicare SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 54.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 43.20 L | Rs 43.20 L | 1.00x |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 43.20 L | - |
| NII | Rs 8.29 Cr | Rs 12.87 Cr | 1.55x |
| bNII (above Rs 10L) | Rs 5.53 Cr | Rs 11.43 Cr | 2.07x |
| Corporate | - | Rs 1.12 Cr | - |
| Individual | - | Rs 10.30 Cr | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.76 Cr | Rs 1.45 Cr | 0.52x |
| Corporate | - | - | - |
| Individual | - | Rs 1.45 Cr | - |
| Other | - | - | - |
| IND | Rs 12.46 Cr | Rs 22.77 Cr | 1.83x |
| Total | Rs 21.19 Cr | Rs 36.07 Cr | 1.70x |
Galaxy Medicare SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 40 | 1 | 0.03x |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 1 | - |
| NII | 256 | 62 | 0.24x |
| bNII (above Rs 10L) | 171 | 22 | 0.13x |
| Corporate | - | 1 | - |
| Individual | - | 21 | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | 85 | 40 | 0.47x |
| Corporate | - | - | - |
| Individual | - | 40 | - |
| Other | - | - | - |
| IND | 577 | 1,054 | 1.83x |
| Total | 873 | 1,117 | 1.28x |
What Do These Subscription Numbers Mean?
A subscription of 1.83x by shares means the IPO received bids for 2 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.00x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.00x, it reflects serious institutional conviction.
NII at 0.24x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.13x and sNII at 0.47x by applications. Share subscription was 1.55x. Allotment uses application count, not share volume.
At 1.83x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~55% per application). Retail allotment is done by lottery when oversubscribed.
Galaxy Medicare SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 1.83x.
- •Allotment odds: about 1 in 2 (~55% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 0.47x.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.13x.
- •Share subscription was 2.07x. Allotment uses application count, not share volume.
Check the Galaxy Medicare SME IPO Allotment Status page from 15 September 2025 for your allotment result.
Galaxy Medicare SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Sept 2025 | 1.00x | 0.66x | 0.33x | 0.47x |
| Day 2 - 11 Sept 2025 | 1.00x | 1.05x | 0.70x | 0.84x |
| Day 3 - 12 Sept 2025 | 1.00x | 1.48x | 2.10x | 1.83x |
Galaxy Medicare SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 September 2025 |
| IPO Close Date | 12 September 2025 |
| Allotment Date | 15 September 2025 |
| Refund Initiation | 16 September 2025 |
| Share Credit to Demat | 16 September 2025 |
| Listing Date | 17 September 2025 |
| Minimum Investment | Rs 2,16,000.00 |
| Lot Size | 2000 shares |
About Galaxy Medicare SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Galaxy Medicare SME IPO Subscription FAQs
What is Galaxy Medicare SME IPO subscription status today?
Galaxy Medicare SME IPO subscription closed on 12 September 2025 with overall subscription of 1.83x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 1.00x, NII 0.24x, IND 1.83x.
What is the overall subscription of Galaxy Medicare SME IPO?
Galaxy Medicare SME IPO is subscribed 1.83x overall by shares at close on 12 September 2025. QIB 1.00x, NII 0.24x, and IND 1.83x.
What is Galaxy Medicare SME IPO QIB subscription?
Galaxy Medicare SME IPO QIB (Qualified Institutional Buyers) subscription is 1.00x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Galaxy Medicare SME IPO IND subscription?
Galaxy Medicare SME IPO IND subscription is 1.83x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Galaxy Medicare SME IPO NII subscription?
Galaxy Medicare SME IPO NII (Non-Institutional Investors) subscription is 0.24x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Galaxy Medicare SME IPO for retail?
At 1.83x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~55% per application). Allotment is done by lottery.
When is Galaxy Medicare SME IPO allotment date?
Galaxy Medicare SME IPO allotment date is 15 September 2025. Check Galaxy Medicare SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Galaxy Medicare SME IPO subscription close?
Galaxy Medicare SME IPO subscription closed on 12 September 2025. No new applications are accepted after the close.
What is Galaxy Medicare SME IPO GMP today?
GMP for Galaxy Medicare SME IPO is not available yet. Track Galaxy Medicare SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Galaxy Medicare SME IPO issue price and lot size?
Galaxy Medicare SME IPO issue price is ₹54 per share. Lot size is 2000 shares. Minimum investment is ₹2,16,000 per lot (minimum 2 lots for SME). Issue size: ₹21.19 Cr.
When is Galaxy Medicare SME IPO listing date?
Galaxy Medicare SME IPO listing date is 17 September 2025 on NSE and BSE. Allotment is on 15 September 2025.
How does subscription affect Galaxy Medicare SME IPO allotment?
Allotment odds in Galaxy Medicare SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.83x overall, competition is moderate.
For allotment results from 15 September 2025, visit the Galaxy Medicare SME IPO Allotment Status page. For listing day updates on 17 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.