Medistep Healthcare IPO

About Medistep Healthcare IPO

Medistep Healthcare IPO is a fixed price issue of ₹16.10 crore, comprising a fresh issue of 37.44 lakh equity shares. The IPO will open for subscription on August 8, 2025, and close on August 12, 2025. The basis of allotment is likely to be finalised on August 13, 2025. 

The company is set to list its shares on the NSE SME platform, with a tentative listing date of August 18, 2025. The IPO is priced at ₹43 per share. Investors can apply in lots, with each lot consisting of 3,000 shares. For retail investors, the minimum investment required is ₹2,58,000 for 6,000 shares (2 lots). 

For high net-worth individuals (HNIs), the minimum application size is 3 lots, or 9,000 shares, amounting to ₹3,87,000. Fast Track Finsec Private Limited is the book-running lead manager handling the IPO, while Cameo Corporate Services Limited serves as the registrar. Nirman Share Brokers Private Limited will act as the market maker for this issue.

For more comprehensive details, refer to the Medistep Healthcare IPO Draft Red Herring Prospectus (DRHP).

Industry Outlook

1. India’s healthcare sector is experiencing robust growth, driven by rising demand, better coverage, and growing investments. The Indian hospital market, valued at US$ 98.98 billion in FY23, is expected to grow at a CAGR of 8%, reaching around US$ 193.59 billion by FY32.
2. The medical devices industry, currently estimated at US$ 11 billion, is projected to reach US$ 50 billion by 2030, with a strong CAGR of 37%. Government support, increased FDI, and rising demand for diagnostics and treatment solutions are fuelling this growth. 
3. India’s cost advantage and skilled medical workforce also contribute to the rise in medical tourism and clinical trials, making the country a preferred healthcare destination.

Medistep Healthcare IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The company plans to use the funds to purchase new plant and machinery to expand its existing manufacturing unit.
2. A portion of the proceeds will be used to meet the working capital needs for smooth daily operations.
3. The issue will also support general corporate purposes, helping with business efficiency and growth.
4. Part of the funds will be allocated to cover expenses related to the IPO process.

About Medistep Healthcare Limited 

Medistep Healthcare Limited is a public pharmaceutical company incorporated on June 5, 2023, under the Companies Act, 2013. The company operates in the healthcare sector, focusing on both manufacturing and trading of pharmaceutical, nutraceutical, surgical, and intimate care products. It has built its business around two core areas: manufacturing sanitary pads and energy powders, and distributing a wide range of healthcare products across different categories.

In a strategic move to expand operations, Medistep Healthcare acquired the business of M/s MG Pharma, a proprietorship concern owned by one of its promoters, Ms. Prajapati Hetalben Girdharilal. This acquisition, completed through a business transfer agreement on July 2, 2023, enabled the company to integrate existing assets and operations into its own structure. 

In January 2024, the company began manufacturing intimate hygiene and nutraceutical products. The company’s product range includes sanitary pads, energy supplements, over-the-counter medicines, health and nutrition products, personal hygiene items, and surgical equipment. 

As of December 30, 2024, Medistep Healthcare reported annualised revenues of ₹45 crore and a profit after tax of ₹4.08 crore. It had nine employees on payroll, with operational support from daily wage labourers.

Medistep Healthcare is led by a professional management team and promoters with strong experience in the Indian pharmaceutical industry. Their guidance has helped the company establish a solid foundation in the market. With a commitment to quality and product expansion, the company aims to strengthen its presence in the growing healthcare and wellness sector.

How To Check the Allotment Status of Medistep Healthcare IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Medistep Healthcare IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Medistep Healthcare IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Medistep Healthcare IPO 

Registered office: 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, Ahmadabad City, Daskroi, Gujarat, India, 382405

Phone: +91 87808 46963

E-mail:Info@medistephc.com

Medistep Healthcare IPO Reservation

Medistep Healthcare IPO Lot Size

Medistep Healthcare IPO Promoter Holding

The promoters of the company are Girdhari Lal Prajapat, Dabhi Vipul Gobarbhai, Prajapati Hetalben Girdharilal and Jagdish Prajapati.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Medistep Healthcare IPO

Medistep Healthcare IPO Prospectus

• Medistep Healthcare IPO DRHP

Medistep Healthcare IPO Registrar and Lead Managers

Medistep Healthcare IPO Lead Managers

• Fast Track Finsec Private Limited

Registrar for Medistep Healthcare IPO

Cameo Corporate Services Limited

• Contact Number: +91-44-28460390
• Email Address: ipo@cameoindia.com

Medistep Healthcare IPO Registrar