Medistep Healthcare SME: Check IPO Date, Live Subscription and Key Details
Medistep Healthcare Limited, incorporated in 2023, is a pharmaceutical company involved in the manufacturing of sanitary pads and energy powder, as well as the trading and distribution of a diverse range of pharmaceutical, nutraceutical, surgical, and intimate care products. The company manufactures sanitary pads under the brand 'DRYSTEP' and an energy powder under the brand 'VITASTEP'. It operates a manufacturing facility in Kheda, Gujarat. In addition to manufacturing its own products, Medistep Healthcare acts as a distributor and stockist for other manufacturers, wholesalers, and retailers, primarily catering to the Western region of India, particularly Gujarat. The company's business model combines manufacturing with trading and distribution, allowing for a wide product portfolio and diverse revenue streams.
Key Metrics
Check Live GMP
Timeline
IPO Opens
8 Aug
IPO Closes
12 Aug
Allotment
13 Aug
Listing
18 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 8 August 2025 | Subscription starts |
| IPO Close Date | 12 August 2025 | Subscription ends |
| Allotment Date | 13 August 2025 | Allotment |
| Listing Date | 18 August 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,58,000 |
SHNI (Min) | 3 | ₹3,87,000 |
SHNI (Max) | 7 | ₹9,03,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,32,000 |
IPO Objectives
- Funding of capital expenditure towards purchase of plant and machineries for expansion at the existing manufacturing facility.
- Working Capital requirements.
- General Corporate Purpose.
Strengths
- The company offers a wide range of products, from pharmaceuticals and nutraceuticals to its own brands of sanitary pads and energy powder, which helps diversify its business.
- It has an experienced management team and a scalable business model that combines manufacturing with a strong distribution network, allowing for easy expansion.
- The company has a strong distribution network and maintains direct contact with retailers, giving it valuable market insights and reducing reliance on a single channel.
- Its financial performance has been consistent, with revenue increasing by 27% and profit after tax rising by 25% between FY24 and FY25.
- The business is in a financially stable position with a very low debt-to-equity ratio, meaning it relies minimally on borrowed money.
Weaknesses
- This is a relatively new company with a limited operating history, which makes it challenging for investors to predict its long-term performance and stability.
- It has a high concentration in the Western region of India, particularly Gujarat, which makes it vulnerable to regional economic problems.
- The business is working capital intensive, and a significant portion of the IPO money will be used to fund its daily operations.
- The company faces intense competition from many organized and unorganized players in its various product markets, which can put pressure on prices.
- It has small-scale manufacturing operations at a single facility, which could be easily disrupted by unforeseen issues, and it heavily depends on third-party suppliers for a lot of its products.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 22.99 | 14.96 | 14.66 |
| Revenue (₹ Cr.) | 49.66 | 39.08 | 27.74 |
| PAT (₹ Cr.) | 4.14 | 3.33 | 0.92 |
| Net Worth (₹ Cr.) | 16.83 | 11.69 | 1.07 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Medistep Healthcare | 2.67 | 14.74 | 19.06% | 16.83 |
| Fabino Enterprises Limited | 1.3 | 89.66 | 1.45% | 4.14 |
| Achyut Healthcare Ltd | 3.48 | 231.5 | 1.75% | 30.75 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 2.49x | 31.98x | 289.13x |
| RII | 16.46x | 126.96x | 460.94x |
| Total | 9.48x | 79.52x | 382.05x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 17,76,000 | 51,34,92,000 | 2,208.02 |
| RII | 17,79,000 | 82,00,20,000 | 3,526.09 |
| Total | 35,55,000 | 1,35,81,75,000 | 5,840.15 |
Company Details
- 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
- +91 87808 46963
- Info@medistephc.com
- https://www.medistephc.com/
Registrar Details
- Cameo Corporate Services Limited
- +91-44-28460390
- ipo@cameoindia.com
- https://ipo.cameoindia.com/