Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

G. Surgiwear Limited is a Shahjahanpur, Uttar Pradesh-based medical devices manufacturer specialising in single-use surgical consumables including surgical gloves, drapes, gowns, and wound care products. One of India's largest manufacturers of surgical gloves with exports to 60+ countries. Revenue ₹224.85 Cr (FY25) vs ₹169.13 Cr (FY24), PAT ₹57.95 Cr (FY25) vs ₹22.50 Cr (FY24). Strong margin expansion with PAT growing 157% YoY. IPO size ₹740 Cr: fresh issue ₹370 Cr + OFS ₹370 Cr. Promoters: Ghanshyam Das Agarwal, Renu Agarwal, Vinamra Agarwal, Rishu Agarwal. Lead managers: Motilal Oswal Investment Advisors, Nuvama Wealth Management. Registrar: Bigshare Services.