Galaxy Medicare Limited was originally established on July 23, 1992 as a Limited Company in the Mancheshwar Industrial area of Bhubaneswar, Orissa. The Company commenced its operations in 1992 when the founder, Mr. Dillip Kumar Das, acquired a closed business unit, M/s Cure Aids Private Limited 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 steril ...e surgical wound dressing, medical disposable, adhesive bandages, absorbent gauze, etc.
In 1995, a United Kingdom based Company, selected this Company exclusively as their business partner for manufacturing of their globally renowned Plaster of Paris Bandage B.P. under the brand name 'GYPSONA,' in facilities for the regions of India, Sri Lanka, Bangladesh, and Nepal which continued till 1999, when they shifted manufacturing of Plaster of Paris Bandage B.P. to their own facility in Maharashtra.
In 2002, Company entered into a partnership with the Indian subsidiary of a Fortune 50 Company of USA with exclusive rights for manufacturing and supply of Plaster of Paris Bandage B.P under brand name of '3M CAST' and Elastic Adhesive Bandage to them and this business partnership continued uninterruptedly. The Company commenced manufacturing of Sterile Gauze Dressings, by enhancing the production as part of its expansion strategy in 2006. In 2009, it expanded the production activities to include Elastic Adhesive Bandage B.P.
At present, Company is into manufacturing, trading and exporting of Medical Devices, Plasters of Paris Bandages (POP Bandage) and Other surgical dressings in India. The business encompass manufacturing of own products under the brands of GYPSOPLAST, GYPSONET, CAREPORE, fixcan, etc. Institutional sale to various Government Department through participation in tenders on platforms like GEM Portal; Trading of medical device and other surgical dressings and exporting of manufactured product to international markets.
The Company came up with the IPO of 41,32,000 equity shares having the face value Rs 10, and raised Rs 22.31 crores, consisting a fresh issue of 33,08,000 equity shares aggregating to Rs 17.86 crores and the offer for sale of 8,24,000 equity shares aggregating to Rs 4.45 crores in Sep'25.
1. Can I buy Galaxy Medicare Ltd from PL Capital? ›
Yes, you can invest in Galaxy Medicare Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Galaxy Medicare Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Galaxy Medicare Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Galaxy Medicare Ltd pay dividends? ›
Galaxy Medicare Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Galaxy Medicare Ltd ? ›
As of
05-12-2025 the share price for Galaxy Medicare Ltd. is 19.5 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Galaxy Medicare Ltd ? ›
The 52-week high and low of Galaxy Medicare Ltd share price is ₹ 18.1 - ₹ 54 as of
05-12-2025 .
PL Ringside View
Our fireside chat series where industry experts and top management share valuable insights for our clients
