Medistep Healthcare IPO

Incorporated in June 2023, Medistep Healthcare Limited is a pharmaceutical company producing sanitary pads, energy powder, and various pharmaceutical, nutraceutical, intimate, and surgical products. They are committed to quality and seek to expand their product line as a public, non-government company. The product includes the followings:- Sanitary Pads: Medistep produces high-quality sanitary pads, addressing essential feminine hygiene needs. Energy Powder: The company manufactures energy supplements designed to revitalize and invigorate consumers. Pharmaceutical Products: Medistep engages in the trading of various pharmaceutical items, ensuring accessibility to essential medications. Nutraceutical Products: They offer products that blend nutrition and pharmaceuticals, promoting overall health and wellness. Intimate Care and Hygiene Products: The company provides personal hygiene and intimate care products. Surgical Products: Medistep supplies surgical items and supports medical professionals with necessary tools and equipment. As of December 30, 2024, Medistep reported annualized revenues of ₹45.00 crore and a Profit After Tax (PAT) of ₹4.08 crore. As of December 28, 2024, the company has nine employees on payroll. Labour needs depend on daily-paid labourers, and none are on contract. Competitive Strength: Experienced Promoters and Management Team. Maximize resources for quality supply and cost savings through economies of scale. Offers various products, including trading in pharmaceutical and healthcare items, manufacturing DRYSTEP sanitary pads, and VITASTEP Z energy powders.

The Company Medistep Healthcare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Funding of capital expenditure towards purchase of plant and machineries for expansion at the existing manufacturing facility 0.51 2 Working Capital requirements 12.34 3 General Corporate Purpose 1.64

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