Medistep Healthcare, a Gujarat-based pharmaceutical and wellness products manufacturer, is set to raise ₹16.09 crore through its NSE SME IPO opening on August 8. The proceeds will be used for capacity expansion, working capital, and strategic growth.
Medistep Healthcare Limited, headquartered in Ahmedabad, Gujarat, is gearing up for its debut on the capital markets with an initial public offering (IPO) worth ₹16.09 crore. The public issue will open for subscription on August 8, 2025, and close on August 12, 2025. The company’s shares are scheduled to list on the NSE SME platform on August 18, 2025.
Medistep Healthcare operates in the pharmaceutical and healthcare sector, specializing in the manufacturing of sanitary pads and energy powder, while also engaging in the trading of a wide portfolio of pharmaceuticals, nutraceuticals, intimate care, and surgical products through a robust distribution network.
The IPO consists of a fixed price issue of 37.44 lakh equity shares, priced at ₹43 per share, aggregating to a total of ₹16.09 crore. Upon successful listing, the company’s estimated market capitalization is expected to reach approximately ₹61.10 crore.
According to the company’s plan, the IPO proceeds will be strategically deployed for:
- Acquisition of new plant and machinery to expand current manufacturing capacity
- Meeting enhanced working capital requirements
- Addressing general corporate purposes
On the financial front, Medistep Healthcare posted a strong performance in FY25, with revenue from operations rising to ₹49.65 crore, compared to ₹39.07 crore in FY24. Profit after tax (PAT) also improved to ₹4.14 crore in FY25, up from ₹3.33 crore in the previous fiscal year, highlighting the company’s expanding operational scale and financial resilience.
| IPO Details | Information |
| Issue Size | ₹16.09 crore |
| Price per Share | ₹43 (Fixed Price) |
| Number of Shares | 37.44 lakh |
| Subscription Period | August 8 – August 12, 2025 |
| Listing Date | August 18, 2025 |
| Platform | NSE SME |
| Estimated Market Capitalization | ₹61.10 crore |
| Lead Manager | Fast Track Finsec Pvt Ltd |
| Registrar | Cameo Corporate Services Ltd |
The company believes that the IPO will serve as a significant growth enabler, allowing it to scale operations both in domestic and international markets, while enhancing product innovation and market penetration.
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