Medistep Healthcare IPO opens today. Check GMP, issue size, price band and other details

Medistep Healthcare IPO opens today. Check GMP, issue dimension, value band and other particulars

Ahmedabad-based Medistep Healthcare is about to open its Rs 16.10 crore IPO for subscription on August 8, marking its entry into the capital markets by way of the NSE SME platform. The public issue, priced at a hard and fast price of Rs 43 per share, will shut on August 12, with allotment anticipated the next day. Shares are scheduled to listing on August 18, 2025.

Despite its modest dimension, the issue has drawn notable market curiosity. The gray market premium (GMP) has surged to 40% over the issue value forward of the itemizing, signalling strong investor urge for food and potential for upside on debut. At a GMP of Rs 17, the implied itemizing value is round Rs 60 per share.

The IPO includes a 100% recent issue of 37.44 lakh fairness shares, with no provide on the market element. Out of the entire issue.

The issue is being led by Fast Track Finsec because the book-running lead supervisor, while Cameo Corporate Services is the registrar.

Medistep Healthcare is a pharmaceutical and wellness merchandise firm. It manufactures and trades a spread of things including sanitary pads (DryStep model), power powder (VitaStep Z), nutraceuticals, prescribed drugs, and intimate and surgical merchandise.
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The firm claims to deal with inexpensive, quality-driven choices tailor-made to important healthcare and hygiene wants, and it plans to scale each manufacturing and buying and selling verticals post-listing.The firm posted revenues of Rs 49.66 crore in FY25, a 27% YoY enhance, with PAT at Rs 4.14 crore, up 25%.The firm intends to make use of IPO proceeds to fund plant and equipment purchases, meet working capital wants (Rs 12.34 crore), and for basic company functions.

(Disclaimer: Recommendations, strategies, views and opinions given by the consultants are their very own. These don’t characterize the views of the Economic Times)

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