Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Fri, Aug 8, 2025 - Tue, Aug 12, 2025
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. The shares got listed on NSE SME on Aug 18, 2025.
Medistep Healthcare IPO price is ₹43 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 (6,000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 8, 2025
IPO Close
Tue, Aug 12, 2025
Issue Price
₹43 per share
Market Cap (Pre-IPO)
₹61.10 Cr
| IPO Date | 8 to 12 Aug, 2025 |
| Listed on | Mon, Aug 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,44,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,89,000 shares Nirman Share Brokers Pvt.Ltd. (agg. up to ₹0.8127 Cr) |
| Fresh Issue (Ex Market Maker) | 35,55,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 35,55,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,04,65,546 shares |
| Share Holding Post Issue | 1,42,09,546 shares |
| NSE Symbol | MEDISTEP |
| ISIN | INE0UOY01019 |
Medistep Healthcare IPO comprises a total issue size of 37,44,000 shares. The net offer to the public is 35,55,000 shares, after excluding 1,89,000 shares allotted on a firm basis. Of the Net offer 17,76,000 (49.96%) allocated to NII 17,79,000 (50.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,76,000 | 49.96% | 47.44% |
| Retail Shares Offered | 17,79,000 | 50.04% | 47.52% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,89,000 | 5.05% | |
| Total Shares Offered | 37,44,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
| 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 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 3.96 | 2.92 |
| P/E (x) | 10.86 | 14.74 |
| Promoter Holding | 93.62% | 68.96% |
| Market Cap | ₹61.10 Cr. |
The Medistep Healthcare IPO is subscribed 382.14 times on August 12, 2025 6:20:00 PM (Day 3). The public issue subscribed 461.11 times in the individual investors category, [.] times in the QIB category, and 289.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 289.15 | 17,76,000 | 51,35,28,000 | 0 |
| Individual Investors | 461.11 | 17,79,000 | 82,03,20,000 | 1,36,720 |
| Total | 382.14 | 35,55,000 | 1,35,85,11,000 | 1,66,129 |
Total Application : 1,66,129
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | |
| 2 | Brokerage, selling commission and upload fees | |
| 3 | Registrars to the issue | |
| 4 | Legal Advisors | |
| 5 | Printing, advertising and marketing expenses | |
| 6 | Regulators including stock exchanges | |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹53.00 |
| Low | ₹50.35 |
| High | ₹53.00 |
| Last Trade | ₹50.35 |
Lead Manager Reports
Medistep Healthcare IPO is a SME IPO of 37,44,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Aug 8, 2025, and closes on Tue, Aug 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 Fri, Aug 8, 2025 and closes on Tue, Aug 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 Thu, Aug 14, 2025. Check the Medistep Healthcare IPO allotment status.
The Medistep Healthcare IPO listing date is on Mon, Aug 18, 2025.
