IPO Allotment Timeline
The Galaxy Medicare SME IPO bidding window remained open from September 10, 2025, to September 12, 2025. Following the subscription period, the basis of allotment has been finalized on September 16, 2025. Investors who participated in this promising SME IPO can now check their allotment status through multiple channels.
Why Check IPO Allotment Status?
Checking your Galaxy Medicare IPO allotment status is crucial for several reasons:
- Confirms whether you received shares in the allocation
- Helps plan your investment portfolio accordingly
- Provides clarity on refund processing for non-allotted applications
- Enables tracking of listing gains potential
How to Check Allotment Status on NSE
The National Stock Exchange (NSE) provides a user-friendly platform for checking IPO allotment status. Follow these detailed steps:
Step-by-Step NSE Verification Process
- Navigate to NSE Portal: Visit the NSE’s official IPO allotment verification status page
- Select Company: In the “Select Symbol” dropdown, choose “Galaxy Medicare”
- Enter Details: Input your PAN (Permanent Account Number) and Application number accurately
- Submit Request: Click the “Submit” button to view your allotment status
- Review Results: The system will display whether shares were allotted to your application
Important Tips for NSE Checking
- Ensure your PAN is entered exactly as mentioned in your application
- Keep your application number handy for quick verification
- The NSE portal is typically updated within 24 hours of allotment finalization
Checking Status via Cameo Corporate Services
As the official registrar for the Galaxy Medicare IPO, Cameo Corporate Services Limited offers an alternative verification method.
Registrar Verification Steps
- Access Registrar Portal: Visit the Cameo Corporate Services IPO allotment verification page
- Select IPO: Click on the Galaxy Medicare IPO link from the available options
- Choose Verification Method: Select your preferred identification method from:
- PAN (Permanent Account Number)
- Application Number
- DP/Client ID (Demat Account Details)
- Enter Information: Provide the required details based on your chosen method
- Complete Verification: Enter the Captcha code and click “Submit” to view results
Benefits of Using Registrar Portal
- Multiple verification options for convenience
- Direct access to official allocation data
- Comprehensive application status information
- Quick resolution of allotment-related queries
Galaxy Medicare IPO Details
The Galaxy Medicare SME IPO represents a significant investment opportunity in the healthcare sector with the following characteristics:
Issue Structure and Pricing
- Total Issue Size: ₹22.31 crores
- Fresh Issue Component: ₹17.86 crores
- Offer for Sale (OFS): ₹4.45 crores
- Price Band: ₹51 to ₹54 per share
- Listing Platform: NSE Emerge
- Tentative Listing Date: September 17, 2025
Key Market Intermediaries
- Book Running Lead Manager: Affinity Global Capital Market Private Limited
- Registrar to the Issue: Cameo Corporate Services Limited
Investment Highlights
Growth Potential in Healthcare Sector
Galaxy Medicare operates in the rapidly expanding healthcare industry, positioning itself for potential growth through:
- Increasing healthcare awareness among consumers
- Growing demand for quality medical products
- Expanding manufacturing capabilities in strategic locations
Strategic Manufacturing Focus
The company’s emphasis on manufacturing excellence through modern facilities demonstrates commitment to quality and scalability.
Use of IPO Proceeds
The net proceeds from the Galaxy Medicare fresh issue will be strategically allocated across four key areas:
Capital Expenditure Investment
- Machinery Purchase: Funding advanced equipment for the manufacturing facility in Odisha
- Technology Upgrades: Implementing modern production technologies
- Capacity Expansion: Scaling manufacturing capabilities to meet growing demand
Working Capital Enhancement
- Inventory Management: Optimizing raw material procurement and finished goods storage
- Operational Efficiency: Streamlining day-to-day business operations
- Market Expansion: Supporting business development initiatives
Corporate Development
- General Corporate Purposes: Strategic initiatives for long-term growth
- Offer Expenses: Covering IPO-related costs and regulatory requirements
What Happens After Allotment
For Successful Allottees
- Shares will be credited to your demat account within T+3 days
- Listing gains can be realized once trading begins on NSE Emerge
- Long-term investment potential in healthcare sector growth
For Non-Allotted Applicants
- Refund processing typically completes within 7-10 working days
- Amount credited back to the bank account used for application
- Opportunity to participate in future IPOs
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