Medistep Healthcare IPO – Key Details and Investment Highlights
The Medistep Healthcare IPO is scheduled to open on August 8, 2025, and will close on August 12, 2025. This is a Fixed Price Issue, with the company aiming to raise approximately ₹16.10 crores through a fresh issue of equity shares. There is also a provision for an Offer for Sale (OFS), the details of which are yet to be disclosed. Each equity share carries a face value of ₹10.
The IPO is priced at ₹43 per share, with a 50% reservation for retail investors and 50% for High Net-Worth Individuals (HNIs). No portion has been reserved for Qualified Institutional Buyers (QIBs). The shares are proposed to be listed on the NSE SME platform on August 18, 2025, and the basis of allotment will be finalized on August 13, 2025.
Financial Performance
Medistep Healthcare reported a revenue of ₹31.63 crores in FY2024, an increase from ₹27.74 crores in FY2023. Net profit also saw substantial growth, rising to ₹2.91 crores in FY2024 from ₹0.92 crores in FY2023.
Medistep Healthcare IPO Objectives:
The net proceeds from the Medistep Healthcare IPO will be utilized for the following purposes:
- Capital Expenditure: To fund the purchase of plant and machinery for the expansion of the company’s existing manufacturing facility.
- Working Capital Requirements: To meet the company’s day-to-day operational and financial needs.
- General Corporate Purposes: To support overall business growth and strengthen the company’s corporate structure.
Medistep Healthcare IPO Review (Apply or Not)
- Update Soon
Medistep Healthcare IPO Date & Price Band Details:
| IPO Open Date: | August 8, 2025 |
| IPO Close Date: | August 12, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹43 Per Share |
| Issue Size: | Approx ₹16.10 Crores |
| Fresh Issue: | Approx ₹16.10 Crores |
| Lot Size: | 3,000 Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Medistep Healthcare IPO Lot Size:
The minimum market lot for the Medistep Healthcare IPO is 6,000 equity shares, requiring a total application amount of ₹2,58,000 for retail investors.
| Application | 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 |
Medistep Healthcare IPO Allotment & Listing Date (Details)
The Medistep Healthcare IPO will open for subscription on August 8, 2025, and will close on August 12, 2025. The basis of allotment is expected to be finalized on August 13, 2025, and the shares are likely to be listed on the NSE SME platform on August 18, 2025.
| IPO Open Date: | August 8, 2025 |
| IPO Close Date: | August 12, 2025 |
| Basis of Allotment: | August 13, 2025 |
| Refunds: | August 14, 2025 |
| Credit to Demat Account: | August 14, 2025 |
| IPO Listing Date: | August 18, 2025 |
Medistep Healthcare IPO GMP Today:
The latest GMP (Grey Market Premium) for the Medistep Healthcare SME IPO is ₹12. Based on the IPO price of ₹43 per share, the estimated listing price is around ₹55 per share (cap price + GMP), indicating an expected listing gain of approximately 27.91% per share.
Promoters of Medistep Healthcare IPO
The promoters of Medistep Healthcare Limited are Mr. Girdhari Lal Prajapat, Mr. Vipul Gobarbhai Dabhi, and Ms. Hetalben Girdharilal Prajapati. They play a key role in the company’s leadership and strategic direction.
Medistep Healthcare IPO – Financial Performance
Medistep Healthcare Limited reported a revenue of ₹31.63 crores in FY2024, up from ₹27.74 crores in FY2023, reflecting steady business growth. The company’s net profit also rose significantly to ₹2.91 crores in FY2024, compared to ₹0.92 crores in FY2023, indicating improved operational efficiency and profitability.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 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 |
Medistep Healthcare IPO Valuation – FY2024
Here is a snapshot of the key valuation metrics for Medistep Healthcare IPO based on its FY2024 financials:
| KPI | Values |
| ROE: | 52.14% |
| ROCE: | 69.15% |
| EBITDA Margin: | 11.62% |
| PAT Margin: | 8.52% |
| Debt to equity ratio: | 0.03 |
| Earning Per Share (EPS): | ₹19.96 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (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. |
Medistep Healthcare IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
- Fast Track Finsec Pvt Ltd
Medistep Healthcare 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/
Medistep Healthcare IPO – Frequently Asked Questions (FAQs)
Q1. What is the Medistep Healthcare IPO open and close date?
The Medistep Healthcare IPO will open on August 8, 2025, and close on August 12, 2025.
Q2. What is the issue price of the Medistep Healthcare IPO?
The IPO is being offered at a fixed price of ₹43 per equity share.
Q3. What is the lot size and minimum investment for the IPO?
The minimum lot size is 6,000 shares, requiring an investment of ₹2,58,000.
Q4. How much is the total issue size of the Medistep Healthcare IPO?
The company aims to raise approximately ₹16.10 crores through a fresh issue of equity shares.
Q5. What are the objectives of the IPO?
The net proceeds will be used for:
- Purchase of plant and machinery for expansion
- Working capital requirements
- General corporate purposes
Q6. When will the allotment be finalized?
The basis of allotment will be finalized on August 13, 2025.
Q7. What is the expected IPO listing date?
The shares are likely to be listed on the NSE SME platform on August 18, 2025.
Q8. What is the latest GMP (Grey Market Premium) for the IPO?
As of August 5, 2025, the GMP stands at ₹12, indicating a possible listing price of around ₹55, implying a gain of approximately 27.91% over the issue price.
Q9. Who are the promoters of Medistep Healthcare?
The company is promoted by Mr. Girdhari Lal Prajapat, Mr. Vipul Gobarbhai Dabhi, and Ms. Hetalben Girdharilal Prajapati.
Q10. What is the financial performance of the company?
For FY2024, the company reported a revenue of ₹31.63 crores and a net profit of ₹2.91 crores, compared to ₹27.74 crores revenue and ₹0.92 crores profit in FY2023.
