Medistep Healthcare IPO
GMP, Subscription, Price, Dates & Financial Details
Trading
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…
Open Date
Fri, 08 Aug 2025
Close Date
Tue, 12 Aug 2025
Issue Price
₹ 43
Lot Size
3000
Issue Size
₹ 16.10 Cr
Minimum Investment
₹ 258,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Medistep Healthcare IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹16.10 Crore, comprising a fresh issue of 37.44 Lakh equity shares aggregating to ₹16.10 Crore.
The Medistep Healthcare IPO remained open for subscription from August 08, 2025, to August 12, 2025. The basis of allotment was finalized on August 13, 2025, and the company's shares were listed on NSE SME Platform on August 18, 2025.
The company had fixed the price at ₹43 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹258,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Fast Track Finsec Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Medistep Healthcare Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Medistep Healthcare IPO Timeline (Tentative)
- IPO Open Date
- Fri, 08 Aug 25
- IPO Close Date
- Tue, 12 Aug 25
- Basis of Allotment
- Wed, 13 Aug 25
- Initiation of Refunds
- Thu, 14 Aug 25
- Credit of Shares to Demat
- Thu, 14 Aug 25
- Listing Date
- Mon, 18 Aug 25 — NSE & BSE
Open Date
08 August 2025
Close Date
12 August 2025
Basis Of Allotment
13 August 2025
Listing Date
18 August 2025
IPO Subscription
Check Live Subscription →The Medistep Healthcare IPO has received bids for 1,33,41,54,000 shares against 35,52,000 shares offered, resulting in an overall subscription of 375.61x. the NII category is subscribed 275.37x, Retail Investors 461.95x, and QIBs 0x.
QIB
0x
NII
275.37x
RII
461.95x
Total
375.61x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,76,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 17,76,000 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 1,776,000 | 50% |
| Retail Investors | 1,776,000 | 50% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Medistep Healthcare Limited KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 44.44 |
| ROCE % | 59.1 |
| RoNW % | 44.44 |
| Pat Margin % | 8.52 |
Peers Comparison
No Peer Comparision Available
About Medistep Healthcare Limited
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.
Medistep Healthcare IPO Promoters
- Girdhari Lal Prajapat
- Dabhi Vipul Gobarbhai
- Prajapati Hetalben Girdharilal
Promoters Holding
Holding Pre Issue
93.62%
Holding Post Issue
68.96%
Medistep Healthcare IPO Objective
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
Medistep Healthcare Limited Address / Contact Details
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
Medistep Healthcare IPO Lot Size
The Medistep Healthcare IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹2,58,000 by applying for 2 lot (6,000 shares). The maximum application allowed for the retail category is 2 lots (6,000 shares), requiring an investment of ₹2,58,000.
| 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 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Fast Track Finsec Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Medistep Healthcare IPO?
Medistep Healthcare IPO is a Fixed price IPO with a total issue size of ₹16.1 crore. The Medistep Healthcare IPO price band is ₹43 to 43 per share. The Medistep Healthcare IPO subscription opens on Fri, Aug 8, 2025, and closes on Tue, Aug 12, 2025. The Medistep Healthcare IPO will be listed on the NSE. Cameo Corporate Services Limited is the registrar for the Medistep Healthcare IPO.
When will the Medistep Healthcare IPO open for subscription?
The Medistep Healthcare IPO opens on Fri, Aug 8, 2025 and closes on Tue, Aug 12, 2025
What is Medistep Healthcare IPO Price Band?
Medistep Healthcare IPO Price Band is ₹43 to 43 per share.
What is Medistep Healthcare IPO Lot Size?
Medistep Healthcare IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹258000 based on the upper price band
What is the minimum investment for Medistep Healthcare IPO?
The minimum investment for Medistep Healthcare IPO is ₹258000, based on one lot of 3000 shares at the upper price band of ₹43 per share.
How to apply for Medistep Healthcare IPO?
Investors can apply for the Medistep Healthcare IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Aug 12, 2025. The application amount remains blocked until the Medistep Healthcare IPO allotment is finalized.
What is Medistep Healthcare IPO Issue Size?
Medistep Healthcare IPO issue size is ₹16.1 crores.
What is the Medistep Healthcare IPO Allotment Date?
Medistep Healthcare IPO allotment date is Wed, Aug 13, 2025.
Who is the Medistep Healthcare IPO Registrar?
The registrar for Medistep Healthcare IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Medistep Healthcare IPO allotment status, refund processing, and other IPO-related information.
What is the Medistep Healthcare IPO GMP?
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 18.60% over the issue price.
Who is the Medistep Healthcare IPO Lead Manager?
The book-running lead managers (BRLMs) for the Medistep Healthcare IPO are Fast Track Finsec Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Medistep Healthcare IPO Red Herring Prospectus (RHP).