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MEDISTEP IPO

Medistep Healthcare Limited

IPO Doc

Start Date08-08-2025

Application Timing10am-5pm

Price Range₹43 - ₹43

Min Qty3000

Min. Investment₹129000

Listing DateNA

Close Date12-08-2025

About Medistep Healthcare Limited

Incorporated in June 2023, Medistep Healthcare Ltd. is a rising player in the Indian pharmaceutical and healthcare sector. The company manufactures and trades a diverse range of products including sanitary pads, energy powders, pharmaceutical and nutraceutical products, intimate hygiene items, and surgical essentials. With a clear focus on quality and affordability, the company operates with an agile workforce and aims to expand its manufacturing capabilities post-IPO.

Medistep reported revenue of Rs. 49.66 crore and a PAT of Rs. 4.14 crore as of FY2025, marking a strong financial trajectory in a short operational span. The company plans to further capitalize on market demand and scale its production through the proceeds of this IPO.

Why To Invest in Medistep Healthcare Limited

Rapid Revenue Growth: 57% growth in revenue and 42% increase in PAT YoY shows strong business momentum.

Diverse Product Portfolio: Operating across high-demand segments like sanitary pads, nutraceuticals, and pharma trading.

Strong Financial Ratios: ROE at 29.06%, ROCE at 38.91%, and EBITDA Margin at 11.27% reflect financial efficiency.

IPO at Reasonable Valuation: P/E of 14.74 post-issue looks reasonable compared to peer healthcare companies.

Utilization of Funds for Expansion: Major proceeds allocated to plant & machinery and working capital, indicating growth-focused planning.

Experienced Promoters: Led by industry-aware promoters with a strong understanding of product demand and market trends.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	22.99	14.96	14.66
Total Income	49.66	31.63	27.74
Profit After Tax	4.14	2.91	0.92
EBITDA	5.60	3.96	1.34
Net Worth	16.83	11.69	1.07
Reserves and Surplus	6.37	6.79
Total Borrowing	0.64	0.33	0.53

Strengths And Risks

Strong Financial Growth: The company has demonstrated impressive growth since inception, with revenue rising from Rs. 27.74 crore in FY23 to Rs. 49.66 crore in FY25. Profitability has also improved significantly.

High Return Ratios: With a Return on Equity (ROE) of 29.06% and Return on Capital Employed (ROCE) of 38.91%, the company shows strong financial efficiency and effective capital utilization.

Diversified Product Portfolio: Medistep Healthcare offers a wide range of products, including sanitary pads, energy powders, pharmaceuticals, nutraceuticals, intimate hygiene, and surgical supplies, helping it cater to varied market demands.

Scalable Business Model: The company plans to expand its existing facility with new plant and machinery, enabling future growth and better capacity utilization.

Low Debt Exposure: With total borrowings of only Rs. 0.64 crore as of FY25, Medistep operates with minimal financial leverage, indicating financial stability and reduced interest obligations.

Limited Operating History: Founded in June 2023, the company has a short track record, which may raise concerns among investors about its long-term business sustainability.

High Dependence on Daily-Wage Labour: With only 9 employees on payroll and a reliance on daily-wage workers, the company may face challenges in maintaining consistent operational efficiency.

Competitive Industry Landscape: Medistep competes with several established pharmaceutical and healthcare companies, which may affect its market share and pricing flexibility.

Valuation Concerns: The post-issue Price-to-Earnings (P/E) ratio of 14.74 could be perceived as stretched by some investors, especially given the limited operational history.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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MEDISTEP IPO

About Medistep Healthcare Limited

Why To Invest in Medistep Healthcare Limited