Allotment

The Medistep Healthcare Limited IPO is a fixed-price issue of ₹16.10 crore, comprising entirely a fresh issue of 0.37 crore equity shares. The IPO opened for subscription on August 8, 2025, and closed on August 12, 2025. The basis of allotment was finalized on August 13, 2025, and the shares are scheduled to be listed on the NSE SME platform on August 18, 2025.
The IPO is offered at a price of ₹43 per equity share with a lot size of 3,000 shares. The minimum investment for retail investors is ₹2,58,000 (6,000 shares), while the minimum investment for HNI investors is 3 lots (9,000 shares) amounting to ₹3,87,000.
Fast Track Finsec Pvt. Ltd. acted as the Book Running Lead Manager, Cameo Corporate Services Ltd. served as the Registrar, and Nirman Share Brokers Pvt. Ltd. is the Market Maker for the issue. Investors are advised to refer to the DRHP for detailed information regarding the IPO.
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| IPO Date | 18 Aug |
| IPO Listing Date | 18 Aug |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹43.00 |
| IPO Issue Size | 37,44,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,04,65,546 |
| IPO Open Date | 8 Aug |
| IPO Close Date | 12 Aug |
| IPO Allotment (Tentative) | 13 Aug |
| Refunds | 14 Aug |
| Credit to Demat Account | 14 Aug |
| IPO Listing Date | 18 Aug |
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 17,76,000 Shares |
| Retail Shares Offered | 17,79,000 Shares |
Investors can bid for a minimum of 6,000 shares, with additional bids in multiples of 3,000 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹2,58,000 |
| Retail (Max) | 2 | 6,000 | ₹2,58,000 |
| S-HNI (Min) | 3 | 9,000 | ₹3,87,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in June 2023, Medistep Healthcare Limited is a pharmaceutical and healthcare company engaged in the manufacture and trading of a diverse range of products, including sanitary pads, energy powders, pharmaceutical, nutraceutical, intimate care, and surgical products. The Company places strong emphasis on product quality and is focused on expanding its portfolio as a publicly listed, non-government enterprise.
Medistep’s product offerings include high-quality sanitary pads addressing essential feminine hygiene needs, energy supplements formulated to support vitality and stamina, and the trading of pharmaceutical products to ensure the availability of essential medicines. The Company also offers nutraceutical products that combine nutrition with pharmaceutical benefits, intimate care and hygiene products, and a range of surgical supplies supporting healthcare professionals.
As of December 30, 2024, Medistep reported annualized revenues of ₹45.00 crore and a Profit After Tax (PAT) of ₹4.08 crore. The Company operated with a lean workforce of nine employees as of December 28, 2024, with additional labour requirements met through daily-wage workers and no contractual workforce.
Competitive Strengths
Experienced promoters and management team.
Efficient utilization of resources to achieve quality supply and cost efficiencies through economies of scale.
Diversified product portfolio, including DRYSTEP sanitary pads, VITASTEP Z energy powders, and trading of pharmaceutical and healthcare products.
| 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 | 5.6 | 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 |
| ROE | 29.06% |
| ROCE | 38.91% |
| Debt/Equity | - |
| RoNW | 29.06% |
| PAT Margin | 8.35% |
| EBITDA Margin | 11.27% |
| Price to Book Value | 2.67 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 0.51 |
| 2 | To meet out the expenses of Working Capital Requirement | 12.34 |
| 3 | To meet out the General Corporate Purposes; | 1.64 |
| 4 | Offer for Sale (OFS) | - |
Medistep Healthcare Ltd. Address
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
+91 87808 46963
Info@medistephc.com
IPO Registrar
Cameo Corporate Services Ltd.
+91-44-28460390
ipo@cameoindia.com