The first public issue of the company will be closed on 12 August. The shares are planned to be mentioned on the NSE SME platform on August 18, said Medistep Healthcare in a statement.
The IPO consists of 37.44 Lakh shares of shares priced on a fixed RS 43 per share, which is aggregated to a total issue of RS 16.09 crore. After the offer, the company is expected to be a market capitalization of RS 61.10 Crore.
The company will use the yield of the IPO for the purchase of factory and machines for expansion of its existing production facility, working capital requirements and general business purposes.
“The proceeds from the IPO will strategically support our expansion presses and strengthen our footprint in both domestic and international markets,” said Girdhari Lal Prajapati, director of Medistep Healthcare.
The company is working on producing sanitary pads & energy powder and the trade of a diverse range of pharmaceutical products, nutraceutic products, intimate products and surgical products through a distribution network. On Financial Front, the company registered income from the activities of RS 49.65 Crore in FY25, an increase in RS 39.07 Crore in the previous tax. The profit after tax (pat) also rose to RS 4.14 Crore in FY25, compared to RS 3.33 Crore in the previous financial year.
Fast Track Finnec is the only head manager of the public edition, while Cameo Corporate Services is the registrar of the issue.
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