G. Surgiwear IPO Description – G. Surgiwear is engaged in the design, development, and manufacturing of a wide range of surgical consumables and implantable medical devices used across hospitals, healthcare institutions, and surgical centres. Established in 1990, the company has over three decades of experience in the medical devices industry and operates an integrated manufacturing facility in Shahjahanpur, Uttar Pradesh, supported by in-house R&D and advanced automated machinery.
Its product portfolio includes disposable surgical drapes and dressings, hydrocephalus shunt systems, cranial fixation systems, orthopaedic implants, bone cement, surgical apparel, and other specialised medical products. As of September 2025, the company offered over 1,600 SKUs across multiple therapeutic categories. Disposable drapes remained the largest revenue contributor, accounting for 38.58% of FY25 revenue, while disposable dressings contributed 28.02%. The company has a strong domestic and international distribution network comprising 36 super-stockists, 554 distributors across India, and exports to more than 40 countries through 58 overseas distributors. As of 30 September, the company has a workforce of 886 permanent employees.
Promoters of G. Surgiwear – Ghanshyam Das Agarwal, Renu Agarwal, Vinamra Agarwal, Rishu Agarwal, Ghanshyam Das Agarwal HUF
G. Surgiwear IPO Details
| G. Surgiwear IPO Dates | Coming soon |
| G. Surgiwear Issue Price | Coming soon |
| Fresh Issue | INR 370 crore |
| Offer For Sale | INR 370 crore |
| Total IPO Size | INR 740 crore |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | *** shares |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
G. Surgiwear IPO Allocation in Different Categories
G. Surgiwear Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 150.95 | 168.74 | 223.98 | 44.61 |
| Expenses | 127.55 | 136.28 | 148.47 | 37.15 |
| Net Income | 13.54 | 22.50 | 57.95 | 5.61 |
| Margin (%) | 8.97 | 13.33 | 25.87 | 12.58 |
G. Surgiwear Offer News
G. Surgiwear Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026* (Post-Issue) | |
| EPS | 2.31 | 4.10 | 10.74 | – |
| PE Ratio | – | – | – | – |
| Price/Sales Ratio | – | – | – | – |
| Price/Book Ratio | – | – | – | – |
| Current Ratio | 1.44 | 1.25 | 1.79 | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 12.21 | 16.90 | 30.30 |
| NAV | 840.12 | 1,008.42 | 1,448.66 |
| ROCE (%) | 16.34 | 17.90 | 29.66 |
| EBITDA (%) | 26.52 | 32.43 | 44.19 |
| Debt/Equity | 0.66 | 0.77 | 0.49 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
G. Surgiwear IPO Anchor Investors
G. Surgiwear raises () from anchor investors. G. Surgiwear Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
G. Surgiwear IPO GMP Today (Daily Trend)
G. Surgiwear Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Financing the capital expenditure requirements of the company through the purchase of machinery for its manufacturing facility – INR 167.22 crore
- Pre-payment/re-payment, in part or full, of certain outstanding borrowings availed by the company – INR 93.64 crore
- General Corporate Purposes
G. Surgiwear IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
G. Surgiwear – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| G. Surgiwear | – | 10.74 | 30.30 | 54.08 | 1,448.66 |
| Poly Medicure | 52.26 | 34.11 | 12.24 | 112.88 | 272.95 |
G. Surgiwear IPO Allotment Status
You can check G. Surgiwear IPO allotment status on Bigshare Services’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
G. Surgiwear IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| G. Surgiwear IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
G. Surgiwear IPO Reviews – Subscribe or Avoid?
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G. Surgiwear IPO Lead Manager
MOTILAL OSWAL INVESTMENT ADVISORS PRIVATE LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road
Opposite Parel ST Depot, Prabhadevi
Mumbai 400 025, Maharashtra, India
Phone:91 22 7193 4380
Email: [email protected]
Website: www.motilaloswal.com
G. Surgiwear Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2 6th Floor, Pinnacle Business Park,
Mahakali Caves Rd, next to Ahura Centre,
Andheri East, Mumbai-400093
Tel: 022-62638200
E-mail: [email protected]
Website: www.bigshareonline.com
G. SURGIWEAR LIMITED
Village Rasoolpur, Jehanganj,
Shahjahanpur – 242 001,
Uttar Pradesh, India
Phone: +91 75185 03415
Email: [email protected]
Website: www.surgiwear.co.in
IPO Resources
How many shares in G. Surgiwear IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in G. Surgiwear Public Offer?
What is G. Surgiwear IPO GMP today?
G. Surgiwear IPO GMP today is INR NA per share.
What is G. Surgiwear Subject to Sauda rate today?
G. Surgiwear Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
