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Medistep Healthcare

Medistep Healthcare IPO

SME

Open Date

8 Aug 2025

Close Date

12 Aug 2025

Min Investment

₹ 2,58,000

Max Investment

₹ 5,00,000

Lot Size

3,000

Issue Size

₹ 16.10 Cr

Price Range

₹ 43 - ₹ 43
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
8 Aug 2025
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IPO Offer Ends
12 Aug 2025
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Allotment Finalisation
13 Aug 2025
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Refund Initialisation
14 Aug 2025
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Non-Institutional Buyers (sHNI)
14 Aug 2025
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Listing of Shares
18 Aug 2025
IPO Subscription Details as on 20 Sep 2025, 11:14 PM
Retail
436.3 x
Non-Institutional Buyer (bHNI)
270.02 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company's core business activity is divided into categories, with a focus on direct contact with retail and distributors. The company specializes in rotary tablet press machines, tablet presses, and tablet compression machines. The company also deals with energy powder machinery, though the rationale for its less utilization is not specified. The company may be involved in collaborations, performance guarantees, or assistance in marketing, but specific details are not provided in the extracted text.
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Founded In

2023

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Director

Prajapati Hetalben Girdharilal

Financials of Medistep Healthcare IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue2,764.683,161.514,965.48
Other Income9.011.010.37
Total Income
2,773.693,162.524,965.85
Total Expenses
2,650.622,773.184,411.98
Profit Before Tax123.07389.34553.87
Total Profit
92.10291.35414.42

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
Funding of capital expenditure for the purchase of plant and machinery to support expansion at the company’s existing manufacturing facility.51
Working Capital requirements of the company1,234
General Corporate Purpose-
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  • Experienced Promoters and Management Team: The company's management team is experienced in the industry and has been responsible for the growth of operations and financial performance. The promoters lead the company with their vision and have adequate experience in the line of business undertaken by the company. They look after both strategic and day-to-day business operations.
  • Scalable Business Model: The company's business model focuses on customers and is driven by orders. They maximize the use of current resources to ensure quality supply and achieve cost savings through economies of scale. The company grows by developing new products, entering new markets, meeting customer needs, leveraging marketing expertise, and maintaining consistent quality.
  • Wide Range of Products: The company offers a range of products, including the trading of pharmaceutical and healthcare items, as well as the manufacturing of sanitary pads under the brand DRYSTEP and energy powders, VITASTEP Z.
  • Strong Distribution Network: The company has a strong network of distributors/stockists in the Gujarat region. More than thirty distributors/stockists have been associated with the company for the last 3 years.
  • Low-cost Products: The company has manufactured low-price products compared to other companies in the market.
  • Direct Contact with Retail and Distributors: The company has direct relationships with retailers and distributors, providing greater control on the exclusive sale of their products. They work with different types of retailers including retail pharmacies, medical practitioners, hospitals, and other healthcare facilities.

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