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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹10 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    [.] shares (agg. up to ₹740 Cr)
  • Fresh Issue
    [.] shares (agg. up to ₹370 Cr)
  • Offer for Sale
    [.] shares of ₹10 (agg. up to ₹370 Cr)
  • Share Holding Pre Issue
    5,41,26,560 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Tue, Dec 30, 2025
SEBI/Exchange approval received Mon, May 4, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Offer
Retail Shares Offered Not less than 35% of the Offer
NII Shares Offered Not less than 15% of the Offer

About G.Surgiwear Ltd.

Incorporated in 1990, the company designs, develops, and manufactures a wide range of surgical products and medical implantable devices. Its product portfolio includes disposable surgical drapes and dressings, hydrocephalus shunts, orthopaedic implants, bone grafting products, lumbar drainage systems, and cranial devices.

Many of its products fall under Class C and Class D medical device categories, which require strict regulatory approvals and clinical evaluations. The company’s ability to manufacture and sell these products demonstrates strong regulatory compliance.

As of September 30, 2025, the company offered 1,628 SKUs across multiple categories, including disposable drapes, dressings, cranial fixation systems, and bone cement products.

The company operates a DSIR-recognized in-house R&D center in Shahjahanpur, Uttar Pradesh. It holds 31 Indian patents and 8 international patents, and has recently launched products such as interference screws and hip prostheses.

It has an integrated manufacturing facility in Shahjahanpur, equipped with advanced and partly in-house-developed machinery. The facility is certified under WHO-GMP and multiple ISO standards, ensuring quality and scalability.

The company has a strong domestic distribution network with 36 super-stockists and 554 distributors across 23 states and union territories. Internationally, it exports to over 40 countries through 58 distributors, serving markets in Africa, South Asia, and South America.

Competitive Strengths

  • Over three decades of experience in the surgical products business, supported by a broad and diversified product portfolio
  • Well-equipped, strategically located Manufacturing Facility with advanced process capabilities that drive operational efficiency
  • Established domestic and international distribution network enabling broad market access and wide geographic reach
  • Well-positioned to capture opportunities in the growing addressable market for healthcare and surgical products
  • Experienced Promoters supported by a qualified management team
  • Track record of strong operational and financial performance

Company Financials (Restated)

G. Surgiwear Ltd.’s revenue increased by 33% and profit after tax (PAT) rose by 158% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 349.10 324.59 270.88 211.22
Total Income 44.68 224.85 169.13 151.24
Profit After Tax 5.61 57.95 22.50 13.54
EBITDA 14.29 98.98 54.72 40.03
NET Worth 197.43 191.25 133.13 110.92
Reserves and Surplus 196.11 189.93 131.81 109.60
Total Borrowing 121.62 93.55 102.26 72.98
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Financing the capital expenditure requirements of the Company through purchase of machinery for our manufacturing facility located at Khasra No.: 771, 773, 776/1, 779/2, 777 and, 778, Village Hathaura Buzurg, Pargana and Tehsil Sadar, Shahjahanpur – 242001, Uttar Pradesh, India (“Manufacturing Facility”)
    167.22
  • 2 Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our Company; and
    93.64
  • 3 General corporate purposes

Key Performance Indicator (KPI)

KPI Mar 31, 2025
ROE 30.30%
ROCE 29.66%
Debt/Equity 0.49
RoNW 30.30%
PAT Margin 25.77%
EBITDA Margin 44.19%

 

Pre IPO Post IPO
Promoter Holding 92.96%
Ghanshyam Das Agarwal, Renu Agarwal, Vinamra Agarwal, Rishu Agarwal, and Ghanshyam Das Agarwal HUF are the company promoters.

IPO Registrar

Bigshare Services Pvt.Ltd.

IPO Lead Manager(s)

  1. Motilal Oswal Investment Advisors Ltd.  (Past IPO Performance)
  2. Nuvama Wealth Management Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

G.Surgiwear Ltd. Address
Village Rasoolpur Jehanganj,
Shahjahanpur, Uttar Pradesh, 242001

IPO FAQs

G.Surgiwear IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹740 Crores. The issue is priced at To be declared. The minimum order quantity is .

The G.Surgiwear IPO open and close dates are not available as of now.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in G.Surgiwear IPO using UPI as a payment gateway. Zerodha customers can apply in G.Surgiwear IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in G.Surgiwear IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘G.Surgiwear IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.

The G.Surgiwear IPO dates are not announced. Please check back again after some time.

G.Surgiwear IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in G.Surgiwear IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for G.Surgiwear IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the G.Surgiwear IPO allotment status.

The G.Surgiwear IPO listing date is not yet announced. The tentative date of listing is .

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