Here are the latest details on Medistep Healthcare Ltd.’s IPO (SME segment, NSE Emerge/NSE-SME):
Contents
📅 Key Dates & Price
- IPO opens: August 8, 2025
- IPO closes: August 12, 2025
- Share price: ₹ 43 per share (fixed‑price issue)
- Minimum lot size: 3,000 shares (₹ 129,000 minimum investment). Some sources mention 1,500 share lots; majority consensus is 3,000
🧾 Issue Size & Allocation
- Total shares offered: 37.44 lakh shares, raising approx ₹ 16.09–16.10 crore
- Reserved for Market Makers: ~1.89 lakh shares (~9.6%)
- Net public offer: ~35.55 lakh shares (~90.4%)
- Retail Individual Investors (RII): ~1.7775 lakh shares (~47.5%)
📌 Allotment & Listing
- Allotment finalization: August 13, 2025
- Refunds initiated & shares credited: August 14, 2025
- Listing date: August 18, 2025 on NSE SME (NSE-Emerge) platform
🧪 Use of IPO Proceeds
- Primarily for manufacturing expansion (plant & machinery)
- Working capital requirements (major share)
- Corporate purposes/general operations
🧾 Company Snapshot & Financials
- Established: 2023, Gujarat-based pharma products company
- Manufactures sanitary pads, energy powder; also trades pharmaceuticals, nutraceutical, surgical & intimate care items
- Revenue (FY25): ₹ 49.65 crore (up from ₹ 39.07 crore in FY24)
- PAT (FY25): ₹ 4.14 crore (up from ₹ 3.33 crore in FY24)
- Projected post‑IPO market cap: approximately ₹ 61 crore
✅ Strengths
- Rapid growth & improving margins
PAT surged from ₹0.92 cr in FY23 to ₹2.91 cr in FY24, with margins rising from ~3% to ~9% Reddit+11Chanakya+11IPO Platform+11. Return metrics like ROE (~44 %) and ROCE (~59 %) indicate efficient capital use. - Diversified product range & asset‑light model
Its portfolio spans sanitary pads, energy powder, nutraceuticals, surgical items, etc. This, combined with low debt (~0.03 ratio), reduces financial risk and supports scalability.
⚠️ Key Weaknesses & Risks
- Small scale
Even after expansion, operations remain modest—revenue around ₹30–50 cr and PAT ~₹3–4 cr makes it vulnerable unless execution accelerates. - Liquidity & volatility typical of SME IPOs
NSE‑SME listings often suffer from low trading volumes. Investors may find it difficult to sell, especially if the initial listing premium fades. As one Reddit user warns:
