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Economic Times
a day ago
- Business
- Economic Times
Medistep Healthcare IPO opens today. Check GMP, issue size, price band and other details
Ahmedabad-based Medistep Healthcare is set to open its Rs 16.10 crore IPO for subscription on August 8, marking its entry into the capital markets via the NSE SME platform. The public issue, priced at a fixed rate of Rs 43 per share, will close on August 12, with allotment expected the following day. Shares are scheduled to list on August 18, 2025. ADVERTISEMENT Despite its modest size, the issue has drawn notable market interest. The grey market premium (GMP) has surged to 40% over the issue price ahead of the listing, signalling strong investor appetite and potential for upside on debut. At a GMP of Rs 17, the implied listing price is around Rs 60 per share. The IPO comprises a 100% fresh issue of 37.44 lakh equity shares, with no offer for sale component. Out of the total issue. The issue is being led by Fast Track Finsec as the book-running lead manager, while Cameo Corporate Services is the Healthcare is a pharmaceutical and wellness products company. It manufactures and trades a range of items including sanitary pads (DryStep brand), energy powder (VitaStep Z), nutraceuticals, pharmaceuticals, and intimate and surgical company claims to focus on affordable, quality-driven offerings tailored to essential healthcare and hygiene needs, and it plans to scale both manufacturing and trading verticals post-listing. ADVERTISEMENT The company posted revenues of Rs 49.66 crore in FY25, a 27% YoY increase, with PAT at Rs 4.14 crore, up 25%.The company intends to use IPO proceeds to fund plant and machinery purchases, meet working capital needs (Rs 12.34 crore), and for general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
SME IPO: Medistep Healthcare's Rs 16-cr public issue to open on Aug 8
Pharmaceutical firm Medistep Healthcare is set to raise a little over Rs 16 crore through its initial public offering ( IPO ), which opens for subscription on August 8. The company's maiden public issue will conclude on August 12. The shares are scheduled to be listed on the NSE SME platform on August 18, Medistep Healthcare said in a statement. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The IPO comprises 37.44 lakh equity shares priced at a fixed Rs 43 per share, aggregating to a total issue size of Rs 16.09 crore. Following the listing, the company is expected to have a market capitalisation of Rs 61.10 crore. The company will utilise the proceeds of the IPO for purchase of plant and machinery for expansion of its existing manufacturing facility, working capital requirements and general corporate purposes. "Proceeds from the IPO will strategically support our expansion efforts and reinforce our footprint in both domestic and international markets," Girdhari Lal Prajapati, Managing Director at Medistep Healthcare, said. Live Events The company is in the business of manufacturing sanitary pads & energy powder, and trading of a diverse range of pharmaceutical products, nutraceutical products, intimate products and surgical products through a distribution network. On the financial front, the company recorded revenue from operations of Rs 49.65 crore in FY25, an increase from Rs 39.07 crore in the preceding fiscal. Its profit after tax (PAT) also rose to Rs 4.14 crore in FY25, compared to Rs 3.33 crore in the previous financial year. Fast Track Finsec is the sole lead manager of the public issue while Cameo Corporate Services is the registrar to the issue.
Economic Times
27-05-2025
- Business
- Economic Times
Nikita Papers IPO opens today: GMP, price band among key things to know
The initial public offering of Nikita Papers opened for subscription on May 27 and will close on May 29. The company is looking to raise Rs 67.54 crore through a fresh issue of 64.94 lakh equity shares. The issue is being managed by Fast Track Finsec, with Skyline Financial Services as the registrar. ADVERTISEMENT The price band for the issue is fixed between Rs 95 and Rs 104 per share, and the IPO will list on the NSE SME platform. The allotment is expected to be finalised on May 30, and the stock is likely to be listed on June 3. Retail investors must apply for a minimum of 1,200 shares, which translates to an investment of Rs 1,24,800 at the upper price band. High-net-worth investors can apply for a minimum of two lots or 2,400 shares, requiring Rs 2,49,600. Despite strong financial performance in recent years, the grey market premium for Nikita Papers IPO stands at zero, indicating a neutral sentiment ahead of listing. The response during the subscription period will be closely watched to gauge real investor Papers, incorporated in 1989, is engaged in the manufacturing of paper and paper products, including kraft paper used in packaging, wrapping, and industrial applications. The company uses recycled materials and caters to both domestic and international markets. It has 208 employees and has recently expanded into fluting the nine months ended December 2024, the company reported a profit of Rs 15.68 crore on revenue of Rs 272.38 crore. For the full year FY24, it posted a profit of Rs 16.60 crore. Its return on equity stood at 21.45 percent, and its post-issue price-to-earnings ratio is 12.27. ADVERTISEMENT The company plans to use the IPO proceeds to fund a new power plant, meet working capital needs, and cover general corporate expenses. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
27-05-2025
- Business
- Time of India
Nikita Papers IPO opens today: GMP, price band among key things to know
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering of Nikita Papers opened for subscription on May 27 and will close on May 29. The company is looking to raise Rs 67.54 crore through a fresh issue of 64.94 lakh equity shares. The issue is being managed by Fast Track Finsec, with Skyline Financial Services as the price band for the issue is fixed between Rs 95 and Rs 104 per share, and the IPO will list on the NSE SME platform. The allotment is expected to be finalised on May 30, and the stock is likely to be listed on June investors must apply for a minimum of 1,200 shares, which translates to an investment of Rs 1,24,800 at the upper price band. High-net-worth investors can apply for a minimum of two lots or 2,400 shares, requiring Rs 2,49, strong financial performance in recent years, the grey market premium for Nikita Papers IPO stands at zero, indicating a neutral sentiment ahead of listing. The response during the subscription period will be closely watched to gauge real investor Papers, incorporated in 1989, is engaged in the manufacturing of paper and paper products, including kraft paper used in packaging, wrapping, and industrial applications. The company uses recycled materials and caters to both domestic and international markets. It has 208 employees and has recently expanded into fluting the nine months ended December 2024, the company reported a profit of Rs 15.68 crore on revenue of Rs 272.38 crore. For the full year FY24, it posted a profit of Rs 16.60 crore. Its return on equity stood at 21.45 percent, and its post-issue price-to-earnings ratio is company plans to use the IPO proceeds to fund a new power plant, meet working capital needs, and cover general corporate expenses.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
