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Medistep Healthcare IPO is a fixed price issue of ₹16.10 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹16.10 crore.
Medistep Healthcare IPO bidding started from Aug 8, 2025 and ended on Aug 12, 2025. The allotment for Medistep Healthcare IPO was finalized on Aug 13, 2025. Medistep Healthcare IPO will list on NSE SME with a tentative listing date fixed as Aug 18, 2025.
Medistep Healthcare IPO price is ₹43.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,58,000.00 (6,000 shares). The minimum lot size investment for HNI is 3 lots (9,000 shares), amounting to ₹3,87,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nirman Share Brokers Pvt.Ltd..
Refer to Medistep Healthcare IPO DRHP for detailed Information.
| IPO Date | August 8, 2025 to August 12, 2025 |
| Listing Date | August 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,44,000 shares (aggregating up to ₹16.10 Cr) |
| Reserved for Market Maker | 1,89,000 shares Nirman Share Brokers Pvt.Ltd. (aggregating up to ₹0.8127 Cr) |
| Net Offered to Public | 35,55,000 shares (aggregating up to ₹15.29 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,04,65,546 shares |
| Share Holding Post Issue | 1,42,09,546 shares |
Medistep Healthcare IPO offers total 37,44,000 shares. Out of which 17,76,000 (47.44%) allocated to NII, 17,79,000 (47.52%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,89,000 (5.05%) |
| NII (HNI) Shares Offered | 17,76,000 (47.44%) |
| Retail Shares Offered | 17,79,000 (47.52%) |
| Total Shares Offered | 37,44,000 (100.00%) |
Medistep Healthcare IPO opens on August 8, 2025, and closes on August 12, 2025.
| IPO Open Date | Fri, Aug 8, 2025 |
| IPO Close Date | Tue, Aug 12, 2025 |
| Tentative Allotment | Wed, Aug 13, 2025 |
| Initiation of Refunds | Thu, Aug 14, 2025 |
| Credit of Shares to Demat | Thu, Aug 14, 2025 |
| Tentative Listing Date | Mon, Aug 18, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 12, 2025 |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,58,000 |
| Individual investors (Retail) (Max) | 2 | 6,000 | ₹2,58,000 |
| HNI (Min) | 3 | 9,000 | ₹3,87,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in June 2023, Medistep Healthcare Limited is a pharmaceutical company producing sanitary pads, energy powder, and various pharmaceutical, nutraceutical, intimate, and surgical products. They are committed to quality and seek to expand their product line as a public, non-government company.
The product includes the followings:-
As of December 30, 2024, Medistep reported annualized revenues of ₹45.00 crore and a Profit After Tax (PAT) of ₹4.08 crore.
As of December 28, 2024, the company has nine employees on payroll. Labour needs depend on daily-paid labourers, and none are on contract.
Competitive Strength:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 22.99 | 14.96 | 14.66 |
| Total Income | 49.66 | 39.08 | 27.74 |
| Profit After Tax | 4.14 | 3.33 | 0.92 |
| EBITDA | 5.60 | 4.54 | 1.34 |
| Net Worth | 16.83 | 11.69 | 1.07 |
| Reserves and Surplus | 6.37 | 6.79 | |
| Total Borrowing | 0.64 | 0.33 | 0.53 |
| Amount in ₹ Crore | |||
The market capitalization of Medistep Healthcare IPO is ₹61.10 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 29.06% |
| ROCE | 38.91% |
| RoNW | 29.06% |
| PAT Margin | 8.35% |
| EBITDA Margin | 11.27% |
| Price to Book Value | 2.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.96 | 2.92 |
| P/E (x) | 10.86 | 14.74 |
The Company Medistep Healthcare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding of capital expenditure towards purchase of plant and machineries for expansion at the existing manufacturing facility | 0.51 |
| 2 | Working Capital requirements | 12.34 |
| 3 | General Corporate Purpose | 1.64 |
[Dilip Davda] MHL is engaged in trading and manufacturing of pharma/healthcare products. It posted growth in its top and bottom lines for the reported periods. Quantum jump in bottom lines from FY24 raise eyebrows and concern over its sustainability, as it is operating in a highly competitive and fragmented segment. Based on recent financial data, the issue appears fully priced. Well-informed investors may park moderate funds for medium term, post doing their own due diligence. Read detail review...
| Listing Date | August 18, 2025 |
| BSE Script Code | |
| NSE Symbol | MEDISTEP |
| ISIN | INE0UOY01019 |
| Final Issue Price | ₹43 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹53.00 |
| Low | ₹50.35 |
| High | ₹53.00 |
| Last Trade | ₹50.35 |
Medistep Healthcare Ltd.
05, S. No-245/B, Plot-19, T.P.S. 56,
Free Way Trade Center, Nr.A-One Hotel N.H.-8
Narol Gam, Narol Daskroi,
Ahmedabad, Gujarat, 382405
Phone: +91 87808 46963
Email: Info@medistephc.com
Website: https://www.medistephc.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Medistep Healthcare IPO is a SME IPO of 37,44,000 equity shares of the face value of ₹10 aggregating up to ₹16.10 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000.
The IPO opens on August 8, 2025, and closes on August 12, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Medistep Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Medistep Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Medistep Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Medistep Healthcare IPO opens on August 8, 2025 and closes on August 12, 2025.
Medistep Healthcare IPO lot size is 3000, and the minimum amount required for application is ₹2,58,000, with 2 lots being the minimum application size.
You can apply in Medistep Healthcare 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 Medistep Healthcare IPO will be done on Wednesday, August 13, 2025, and the allotted shares will be credited to your demat account by Thursday, August 14, 2025. Check the Medistep Healthcare IPO allotment status.
The Medistep Healthcare IPO listing date is on Monday, August 18, 2025.
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