Medistep Healthcare Limited gets subscribed nearly 356 times at close

News Service
Total Issue Size37,44,000 shares
Bids received1,33,38,15,000 shares
No. of times issue is subscribed356.25

·       Qualified Institutional Buyers (QIBs): 2,46,63,000 shares
·       Non-Institutional Investors (NII): 48,90,18,000 shares
·       Individual Investors: 82,01,34,000 shares

IPO details:
· Total Issue: Up to 37,44,000 Equity Shares
· Face Value: ₹10/- Each
· Issue Size: ₹16.09 Crore (Fixed Price Issue)
· Issue Price: ₹43/- per share
· Lot Size: 3,000 Equity

Shares Offer Structure
· Retail Individual Investor: Not less than 17,79,000 Equity Shares
· Non-Institutional Investor: Not more than 17,76,000 Equity Shares
· Market Maker: 1,89,000 Equity Shares

IPO Timeline:
· Issue Opening Date: 8th August, 2025
· Issue Closing date: 12th August, 2025
· Listing Date: 18th August, 2025

Pre & Post Issue Equity Shares
· Pre Issue Equity Shares: 1,04,65,546
· Post Issue Equity Shares: 1,42,09,546
· Post Issue Implied Market Cap: ₹61.10 Crore

Utilization of Net Proceeds:
· Funding of capital expenditure towards purchase of plant and machineries for expansion at the existing manufacturing facility
· Working Capital requirements
· General Corporate Purpose

Issue Intermediaries:
· Lead Managers: Fast Track Finsec Private Limited
· Registrar to the Issue: Cameo Corporate Services Limited

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