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Medistep Healthcare IPO vs N R Vandana Tex Industries IPO

Comparison between Medistep Healthcare IPO and N R Vandana Tex Industries IPO.

IPO Details

Medistep Healthcare IPO is a SME Bookbuilding IPO proposed to list at NSE SME while N R Vandana Tex Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

 Medistep Healthcare IPON R Vandana Tex Industries IPO
LogoMedistep Healthcare IPO LogoN R Vandana Tex Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFast Track Finsec Pvt.Ltd.Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Cameo Corporate Services Ltd.
Market MakerNirman Share Brokers Pvt.Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Medistep Healthcare IPO is up to ₹15.29 Cr whereas the issue size of the N R Vandana Tex Industries IPO is up to ₹26.49 Cr. The final issue price of Medistep Healthcare IPO is ₹43.00 per share and of N R Vandana Tex Industries IPO is ₹45.00 per share.

 Medistep Healthcare IPON R Vandana Tex Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹42.00 per share
Issue Price (Upper)₹45.00 per share
Issue Price (Final)₹43.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares3000 shares
Fresh Issue Size35,55,000 shares58,86,000 shares
Fresh Issue Size (Amount)up to ₹15.29 Crup to ₹26.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,55,000 shares58,86,000 shares
Issue Size Total (Amount)up to ₹15.29 Crup to ₹26.49 Cr

IPO Timetable

Medistep Healthcare IPO opens on Aug 08, 2025, while N R Vandana Tex Industries IPO opens on May 28, 2025. The closing date of Medistep Healthcare IPO and N R Vandana Tex Industries IPO is Aug 12, 2025, and May 30, 2025, respectively.

 Medistep Healthcare IPON R Vandana Tex Industries IPO
Anchor Bid DateMay 27, 2025
Issue OpenAug 08, 2025May 28, 2025
Issue CloseAug 12, 2025May 30, 2025
Basis Of Allotment (Tentative)Aug 13, 2025Jun 02, 2025
Initiation of Refunds (Tentative)Aug 14, 2025Jun 03, 2025
Credit of Share (Tentative)Aug 14, 2025Jun 03, 2025
Listing date (Tentative)Aug 18, 2025Jun 04, 2025
Anchor Lockin End date 1Jul 02, 2025
Anchor Lockin End date 2Aug 31, 2025

Financials & KPIs

Medistep Healthcare IPO P/E ratio is 10.86, as compared to N R Vandana Tex Industries IPO P/E ratio of 8.95.

 Medistep Healthcare IPON R Vandana Tex Industries IPO
FinancialsEBITDA

N R Vandana Tex Industries Limited Financial Information (Restated)

N R Vandana Tex Industries Limited's revenue increased by 23% and profit after tax (PAT) rose by 100% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets202.94183.55167.96
Total Income271.10220.21195.60
Profit After Tax8.604.291.80
EBITDA19.2813.869.77
Net Worth33.7525.1617.27
Reserves and Surplus19.9325.1717.64
Total Borrowing69.0268.9865.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.62100.00
Promoter Shareholding (Post-Issue)68.9673.39
P/E Ratio10.868.95
Market Cap₹61.10 Cr.₹104.83 Cr.
ROE29.06%17.54%
ROCE38.91%13.82%
Debt/Equity2.43
EPS₹3.96₹5.03
RoNW29.06%15.10%

Shares Offered

In the Medistep Healthcare IPO Retail Individual Investors (RII) are offered 17,79,000 shares while in N R Vandana Tex Industries IPO retail investors are offered 17,79,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Medistep Healthcare IPO and 11,76,000 shares in N R Vandana Tex Industries IPO.

 Medistep Healthcare IPON R Vandana Tex Industries IPO
Anchor Investor Reserveration17,61,000 shares
Market Maker Reserveration1,89,000 shares3,12,000 shares
QIB0 shares11,76,000 shares
NII17,76,000 shares8,85,000 shares
RII17,79,000 shares20,64,000 shares
Employee0 shares
Others
Total35,55,000 shares58,86,000 shares

Bids Received (Subscription)

Medistep Healthcare IPO subscribed 382.14x in total, whereas N R Vandana Tex Industries IPO subscribed 101.00x.

 Medistep Healthcare IPON R Vandana Tex Industries IPO
QIB (times)36.54x
NII (times)289.15x126.70x
Big NII (times)
Small NII (times)
RII (times)461.11x
Employee (times)
Other (times)
Total (times)382.14x101.00x