Medistep Healthcare IPO 2025: Date, Price, Review, GMP & Allotment Status in India

Medistep Healthcare Ltd. is launching its IPO to fund capital expenditure, working capital requirements, and general corporate purposes. The IPO opens on August 8, 2025 and closes on August 12, 2025. Shares are proposed to be listed on the NSE SME platform.

Key IPO Details

Particulars	Details
IPO Open Date	August 8, 2025
IPO Close Date	August 12, 2025
Listing Date	August 18, 2025
Face Value	₹10 per equity share
Price Band	₹43 per share
Issue Size	Approx. ₹16.10 Crores
Fresh Issue	Approx. ₹16.10 Crores
Offer for Sale	–
Lot Size	3,000 shares
Issue Type	Fixed Price Issue
IPO Listing	NSE SME
Retail Quota	Up to 50%
NII (HNI) Quota	Up to 50%

Market Lot Information

Category	Lot Size	Shares	Amount (₹)
Retail Minimum	2	6,000	2,58,000
Retail Maximum	2	6,000	2,58,000
S-HNI Minimum	3	9,000	3,87,000

Important IPO Dates

Event	Date
IPO Opening	August 8, 2025
IPO Closing	August 12, 2025
Basis of Allotment	August 13, 2025
Refund Initiation	August 14, 2025
Demat Credit	August 14, 2025
Listing Date	August 18, 2025

Promoters

• Girdhari Lal Prajapat
• Dabhi Vipul Gobarbhai
• Prajapati Hetalben Girdharilal

About the Company

Medistep Healthcare Limited is a leading pharmaceutical company engaged in trading and manufacturing pharmaceutical products, intimate care and hygiene products, surgical products, and nutraceuticals. Incorporated on June 05, 2023, the company is known for its DRYSTEP sanitary pads and VITASTEP Z energy powders. It has expanded its business by acquiring M/s MG Pharma, and aims to become a global leader offering affordable healthcare solutions. Its strengths include experienced promoters and management, product innovation, and focus on regulatory compliance.

Financial Performance

Period Ended	Revenue (₹ Cr)	Expense (₹ Cr)	Profit After Tax (₹ Cr)	Assets (₹ Cr)
2022	7.62	7.27	0.19	7.10
2023	27.74	26.31	0.92	14.66
2024	31.63	27.66	2.91	14.96
June 2024	11.25	9.86	1.02	24.02

Key Financial Ratios (FY2024)

KPI	Value
ROE	52.14%
ROCE	69.15%
EBITDA Margin	11.62%
PAT Margin	8.52%
Debt to Equity Ratio	0.03
EPS (Basic)	₹19.96
P/E Ratio	N/A
RoNW	28.46%
Net Asset Value (NAV)	₹80.11

Peer Group Comparison

Company	EPS	PE Ratio	RoNW (%)	NAV	Income
Fabino Enterprises Limited	0.23	135	1.15%	19.80	0.05 Cr.
Achyut Healthcare Limited	0.34	10.08	2.53%	18.28	0.57 Cr.

Purpose of the IPO

• Funding of capital expenditure towards purchase of plant and machineries for expansion at the existing manufacturing facility
• Working capital requirements
• General corporate purpose

Registrar & Contact Details

Registrar:
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/

Lead Manager:
Fast Track Finsec Pvt Ltd

Company Address:
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/

Reviews

Brokerage and research house reviews for Medistep Healthcare IPO are awaited.