Medistep Healthcare IPO Opens for Subscription at ₹43 Per Share

Medistep Healthcare's Initial Public Offering (IPO) commenced subscription today at ₹43 per share, aiming to raise ₹16.10 crore. The fresh issue of 37.44 lakh equity shares will close on August 12, with listing planned on NSE's SME platform Emerge. Minimum bid size is set at 3,000 shares.

Proceeds will fund capital expenditure for manufacturing expansion, working capital needs, and corporate purposes. "This strategic raise strengthens our domestic and international market position," stated MD Girdhari Lal Prajapati. The sanitary pad and energy powder manufacturer reported ₹49.7 crore revenue and ₹4.14 crore PAT in FY25.

Fast Track Finsec and Cameo Corporate Services serve as book-running lead manager and registrar respectively. Founded just last year, Medistep operates in pharmaceutical trading alongside Core manufacturing operations.