Medistep Healthcare Limited is a public, non-government pharmaceutical company that specializes in manufacturing and trading a diverse range of healthcare products. With a strong commitment to quality and innovation, the company operates with the vision of enhancing wellness and hygiene standards across India.
Their key offerings include:
- Sanitary Pads: Medistep manufactures high-quality sanitary pads designed to meet essential feminine hygiene needs, ensuring comfort, safety, and affordability.
- Energy Powder: The company produces energy supplements aimed at revitalizing and energizing consumers, catering to growing health-conscious lifestyles.
- Pharmaceutical Products: Medistep is engaged in the trading of various pharmaceutical products, ensuring the availability of essential medicines through a wide distribution network.
- Nutraceutical Products: Offering a range of nutrition-based wellness products, Medistep blends pharmaceutical efficacy with dietary benefits to promote overall health.
- Intimate Care & Hygiene Products: The company provides a variety of personal and intimate hygiene products, focusing on quality and safety for sensitive care needs.
- Surgical Products: Medistep supplies essential surgical instruments and equipment, supporting healthcare providers with reliable tools for clinical and surgical use.
As of December 28, 2024, the company employs 9 full-time staff, with additional support from daily-wage labourers as per operational requirements. No workers are employed on a contractual basis.
Medistep Healthcare IPO – Details
| IPO Opening Date | 08 August 2025 |
| IPO Closing Date | 12 August 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 37,44,000 Shares Worth ₹16.10 Crore Fresh Issue: 37,44,000 Shares Worth ₹16.10 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹43 per share |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Cameo Corporate Services Limited |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Medistep Healthcare IPO – Date Schedule
| IPO Open Date | 08 August 2025 |
| IPO Close Date | 12 August 2025 |
| Basis of Allotment | 13 August 2025 |
| Initiation of Refund | 14 August 2025 |
| Credit of Shares to Demat | 14 August 2025 |
| IPO Listing Date | 18 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 12, 2025 |
Medistep Healthcare IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹2,58,000 |
| Retail (Max) | 2 | 6,000 | ₹2,58,000 |
| HNI (Min) | 3 | 9,000 | ₹3,87,500 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Maximize resources for quality supply and cost savings through economies of scale.
- Offers various products, including trading in pharmaceutical and healthcare items, manufacturing DRYSTEP sanitary pads, and VITASTEP Z energy powders.
Company Promoters
- Girdhari Lal Prajapat
- Dabhi Vipul Gobarbhai
- Prajapati Hetalben Girdharilal
- Jagdish Prajapati
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹27.74 Cr | ₹26.51 Cr | ₹0.92 Cr | ₹0.26 Cr |
| 31 March 2024 | ₹39.08 Cr | ₹34.64 Cr | ₹3.33 Cr | ₹0.24 Cr |
| 31 March 2025 | ₹49.66 Cr | ₹44.12 Cr | ₹4.14 Cr | ₹0.00 Cr |
Key Performance Indicator
| 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 (₹) | 3.96 | 2.92 |
| P/E (x) | 10.86 | 14.74 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding of capital expenditure towards purchase of plant and machineries for expansion at the existing manufacturing facility. | ₹0.51 |
| Working Capital requirements. | ₹12.34 |
| General Corporate Purposes. | ₹1.64 |
✅Strengths
- Diverse product range including sanitary pads, energy powder, and pharma items.
- Low operating cost due to use of daily wage labour.
- Consistent growth in revenue and profit over the years.
- No legal, tax, or regulatory disputes.
- Promoters have relevant industry experience.
⚠️Risks
- Recently incorporated with limited track record.
- Business depends on short-term purchase orders.
- Operates in a highly competitive market.
- Very small in-house employee base.
- High reliance on IPO proceeds for working capital.
Medistep Healthcare IPO Promoter Holding
| Pre Issue Share Holding | 93.62% |
| Post Issue Share Holding | 68.96% |
Medistep Healthcare IPO Prospectus
Company Contact Information
| 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/ |
Medistep Healthcare IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Medistep Healthcare IPO Lead Manager(s)
| 1. Fast Track Finsec Pvt Ltd |
Medistep Healthcare IPO FAQ
| What is Medistep Healthcare IPO? Medistep Healthcare IPO is an SME IPO. The issue is priced at ₹43 per equity share. The IPO is to be listed on NSE SME. |
| When Medistep Healthcare IPO will open? The IPO is to open on 08 August 2025 for NII and Retail Investors. |
| What is Medistep Healthcare IPO Investors Portion? The investors’ portion for NII – 50% and Retail – 50%. |
| How to Apply the Medistep Healthcare IPO? You can apply Medistep Healthcare IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Medistep Healthcare IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Medistep Healthcare IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Medistep Healthcare IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Medistep Healthcare IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Medistep Healthcare IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Medistep Healthcare IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Medistep Healthcare IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Medistep Healthcare IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Medistep Healthcare IPO Size? Medistep Healthcare IPO size is ₹16.10 Crore. |
| What is the Medistep Healthcare IPO Price Band? Medistep Healthcare IPO Price Band is ₹43. |
| What is Medistep Healthcare IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 6000 Shares with ₹2,58,000 amount, while the maximum bid is 6000 Shares with ₹2,58,000. |
| What is the Medistep Healthcare IPO Allotment Date? Medistep Healthcare IPO allotment date is 13 August 2025. |
| What is the Medistep Healthcare IPO Listing Date? Medistep Healthcare IPO listing date is 18 August 2025. The IPO is to be listed on the NSE SME. |
