Comparison between Medistep Healthcare IPO and Smarten Power Systems IPO.
Medistep Healthcare IPO is a SME Fixed Price IPO proposed to list at NSE SME while Smarten Power Systems IPO is a SME Fixed Price proposed to list at NSE SME.
| Medistep Healthcare IPO | Smarten Power Systems IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Novus Capital Advisors Private Limited | Arihant Capital Markets Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Nirman Share Brokers Pvt.Ltd. | Arihant Capital Markets Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Medistep Healthcare IPO is up to ₹15.29 Cr whereas the issue size of the Smarten Power Systems IPO is up to ₹47.50 Cr. The final issue price of Medistep Healthcare IPO is ₹43.00 per share and of Smarten Power Systems IPO is ₹100.00 per share.
| Medistep Healthcare IPO | Smarten Power Systems IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹43.00 per share | ₹100.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 1200 shares |
| Fresh Issue Size | 35,55,000 shares | 37,50,000 shares |
| Fresh Issue Size (Amount) | up to ₹15.29 Cr | up to ₹37.50 Cr |
| OFS Issue Size | 0 shares | 9,99,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10.00 Cr |
| Issue Size Total | 35,55,000 shares | 47,49,600 shares |
| Issue Size Total (Amount) | up to ₹15.29 Cr | up to ₹47.50 Cr |
Medistep Healthcare IPO opens on Aug 08, 2025, while Smarten Power Systems IPO opens on Jul 07, 2025. The closing date of Medistep Healthcare IPO and Smarten Power Systems IPO is Aug 12, 2025, and Jul 09, 2025, respectively.
| Medistep Healthcare IPO | Smarten Power Systems IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Aug 08, 2025 | Jul 07, 2025 |
| Issue Close | Aug 12, 2025 | Jul 09, 2025 |
| Basis Of Allotment (Tentative) | Aug 13, 2025 | Jul 10, 2025 |
| Initiation of Refunds (Tentative) | Aug 14, 2025 | Jul 11, 2025 |
| Credit of Share (Tentative) | Aug 14, 2025 | Jul 11, 2025 |
| Listing date (Tentative) | Aug 18, 2025 | Jul 14, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Medistep Healthcare IPO P/E ratio is 10.86, as compared to Smarten Power Systems IPO P/E ratio of 11.75.
| Medistep Healthcare IPO | Smarten Power Systems IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)Medistep Healthcare Ltd.'s revenue increased by 27% and profit after tax (PAT) rose by 25% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Smarten Power Systems Ltd.'s revenue increased by 2% and profit after tax (PAT) rose by 13% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 93.62 | 91.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.96 | 67.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.86 | 11.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹61.10 Cr. | ₹190.01 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 29.06 | 39.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 38.91 | 32.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.96 | ₹8.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 29.06 | 33.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Medistep Healthcare IPO Retail Individual Investors (RII) are offered 17,79,000 shares while in Smarten Power Systems IPO retail investors are offered 17,79,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Medistep Healthcare IPO and 0 shares in Smarten Power Systems IPO.
| Medistep Healthcare IPO | Smarten Power Systems IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,89,000 shares | 2,50,800 shares |
| QIB | 0 shares | 0 shares |
| NII | 17,76,000 shares | 23,74,800 shares |
| RII | 17,79,000 shares | 23,74,800 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 35,55,000 shares | 47,49,600 shares |
Medistep Healthcare IPO subscribed 382.14x in total, whereas Smarten Power Systems IPO subscribed 5.51x.
| Medistep Healthcare IPO | Smarten Power Systems IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 289.15x | 6.31x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 461.11x | 4.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 382.14x | 5.51x |
