Medistep Healthcare IPO Fully Subscribed
Investors applied for 62.64 lakh shares, but only 37.44 lakh shares were for sale. This means the IPO was 1.67 times oversubscribed by 11:03 am on day one.
The company wants to raise ₹16.10 crore by selling shares at ₹43 each. Minimum buying is two lots of 6,000 shares.
The shares will be listed on NSE's SME platform called Emerge.
The money will be used to buy new machines to grow the factory, pay for daily expenses, and other company needs.
Medistep Healthcare's Managing Director, Girdhari Lal Prajapati, said the funds will help the company grow in India and other countries. The demand for health and hygiene products is rising.
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