Medistep Healthcare IPO
Open SmeCurrent GMP
₹8 (+18.60%)
Price Band
₹ 43 – 43
Lot Size
3000
Issue Size
₹16.1 Cr
Minimum Investment
₹258000 (6000 Shares)
Listing Date
18 August 2025
Subscription
375.61x
About the Company
Incorporated in June 2023 and based in Ahmedabad, Gujarat, Medistep Healthcare Limited is an emerging pharmaceutical and healthcare company focused on manufacturing and trading a broad range of health and wellness products. As a public, non-government entity, Medistep is committed to delivering high-quality solutions in both preventive and curative healthcare.
The company specializes in producing sanitary pads and energy powders, while also actively trading and distributing pharmaceutical, nutraceutical, surgical, and intimate hygiene products. This diverse portfolio allows Medistep to meet varied consumer needs across the healthcare spectrum.
Product Portfolio:
- Sanitary Pads (Brand: DRYSTEP): Premium-quality feminine hygiene products designed for comfort, protection, and reliability.
- Energy Powder (Brand: VITASTEP Z): Energy-boosting supplements crafted to rejuvenate and revitalize.
- Pharmaceutical Products: A range of essential medicines and treatments available through trading partnerships.
- Nutraceutical Products: Health supplements that combine nutritional and pharmaceutical benefits for enhanced well-being.
- Intimate Care & Hygiene Products: Personal care items that promote cleanliness, comfort, and hygiene.
- Surgical Products: Tools and equipment supporting healthcare professionals in clinical and surgical settings.
Operational Highlights:
- Revenue (as of December 30, 2024): ₹45.00 crore (annualized)
- Profit After Tax (PAT): ₹4.08 crore
- Employee Strength (as of December 28, 2024): 9 full-time employees
Note: The company also relies on a flexible workforce of daily-wage laborers, with no contractual staff.
Competitive Strengths:
- Experienced Promoters and Leadership: A knowledgeable and dedicated management team with a clear vision for growth.
- Cost Efficiency Through Scale: Optimized operations and strategic sourcing ensure quality products and competitive pricing.
- Diversified Offerings: A strong product mix across multiple healthcare categories, catering to both consumer and institutional needs.
Medistep Healthcare Limited continues to grow as a dynamic player in India's healthcare sector, driven by a mission to deliver reliable, accessible, and affordable health solutions.
Promoters
- Girdhari Lal Prajapat
- Dabhi Vipul Gobarbhai
- Prajapati Hetalben Girdharilal
Promoters Holding
Holding Pre Issue
93.62%
Holding Post Issue
68.96%
Objects of the Issue
The Company Medistep Healthcare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding of capital expenditure towards purchase of plant and machineries for expansion at the existing manufacturing facility
- Working Capital requirements
- General Corporate Purpose
Address / Contact Info
Medistep Healthcare Limited
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 08 August 2025
IPO Close Date
Tuesday, 12 August 2025
Basis of Allotment
Wednesday, 13 August 2025
Initiation of Refunds
Thursday, 14 August 2025
Credit of Shares to Demat
Thursday, 14 August 2025
Listing Date
Monday, 18 August 2025 — NSE & BSE
Important Dates
Open Date
08 August 2025
Close Date
12 August 2025
Basis Of Allotment
13 August 2025
Listing Date
18 August 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 24.02 | 14.96 | 14.66 | 7.1 |
| Revenue | 11.25 | 31.63 | 27.74 | 7.62 |
| Profit After Tax | 1.02 | 2.91 | 0.92 | 0.19 |
| Net Worth | 13.71 | 11.69 | 1.07 | 0.33 |
| Reserve & Surplus | 3.25 | 6.79 | 0 | 0 |
| Total Borrowings | 0 | 0 | 0 | 0 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 44.44 |
| ROCE % | 59.1 |
| Debt / Equity | 0 |
| RoNW % | 44.44 |
| PbW | 0 |
| Pat Margin % | 8.52 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 1776000 | 50 | 0 |
| Retail Investors | 1776000 | 50 | 0 |
Subscription Status ( Tue, 12 Aug 25 01:33 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 24663000 | 0x |
| Non-Institutional | 1776000 | 489063000 | 275.37x |
| Retail Investors | 1776000 | 820428000 | 461.95x |
| Total | 3552000 | 1334154000 | 375.61x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | 258,000.00 |
| Retail (Max) | 2 | 6,000 | 258,000.00 |
| S-HNI (Min) | 3 | 9,000 | 387,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Fast Track Finsec Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Medistep Healthcare IPO is a Fixed price IPO worth ₹16.1 crores. The price band is ₹43 to 43 per share. The IPO opens on Fri, Aug 8, 2025 and closes on Tue, Aug 12, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Medistep Healthcare IPO opens on Fri, Aug 8, 2025 and closes on Tue, Aug 12, 2025
Medistep Healthcare IPO Price Band is ₹43 to 43.
Medistep Healthcare IPO lot size is 3000, and the minimum amount required for application is ₹258000.
The minimum investment for Medistep Healthcare IPO is approximately ₹258000 based on the upper price band.
To apply for the Medistep Healthcare IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Aug 12, 2025. After submission, funds are blocked until the basis of allotment of Medistep Healthcare IPO is finalised.
Medistep Healthcare IPO issue size is ₹16.1 crores.
Medistep Healthcare IPO allotment date is Sat, Jun 27, 2026.
The registrar for Medistep Healthcare IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Medistep Healthcare IPO through their official website or helpline.
The Medistep Healthcare IPO GMP (Grey Market Premium) is ₹8 as of Mon, Aug 18, 2025. Based on the upper price band of ₹43 per share, the estimated Medistep Healthcare IPO listing price is ₹51, indicating a potential listing gain of approximately 31% over the issue price.