Archives 2025

Medistep Healthcare Limited IPO Opens Today, August 8, 2025

New Delhi, August 8, 2025 – The Initial Public Offer (IPO) of pharmaceutical company Medistep Healthcare Limited opens today, August 8, 2025. The issue will remain open for subscription till Tuesday, August 12, 2025. The share will be listed on NSE SME platform on Monday, August 18, 2025.

Fast Track Finsec Private Limited is the Lead Manager of the issue while Cameo Corporate Services Limited is the Registrar to the issue.

The company, which 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 distribution network, has fixed a price of Rs 43 per equity share for its maiden issue.

Through its IPO, the company hopes to raise Rs 16.09 crore. The company will utilise the proceeds for funding of capital expenditure towards purchase of plant and machineries for expansion at the existing manufacturing facility, working capital requirements and general corporate purpose.

A total of 37,44,000 equity shares of face value Rs 10 each is being offered under the IPO. Investors will have to invest in the lot size of Rs 3000 equity share.  A minimum of 17.79 lakh equity shares is earmarked for retail investors while a maximum of 17.76 lakh equity shares is earmarked for non-institutional investors and 1.89 lakh equity shares for market makers. 

Mr. Girdhari Lal Prajapati, Managing Director, Medistep Healthcare said: “The proceeds from the IPO will strategically support our expansion efforts and reinforce our footprint in both domestic and international markets. Our diversified and growing product portfolio—including sanitary pads, energy powders, pharmaceuticals, nutraceuticals, surgical supplies, and intimate care products—positions us well to capitalize on the rising global & domestic demand for health and hygiene solutions. With increasing consumer awareness and a rapidly evolving pharmaceutical market, we are confident in our ability to scale operations, drive market penetration, and deliver sustained value to our stakeholders.”

Established in 2023, the company has a strong distribution network, offers low-cost products, has a strong retail and distributors’ networks. It recorded revenue from operations of Rs 4965.48 lakhs in FY25, up from Rs 3907.19 lakhs in FY24. The company’s EBITDA grew from Rs 454.2 lakh in FY24 to Rs 560 lakh in FY25. The company’s PAT grew from Rs 332.76 lakh in FY24 to Rs 414.42 lakh in FY25.

Post-listing, the market cap of the company will be Rs 61.10 crore.

New Delhi | August 7, 2025

A national-level media workshop titled “AMR: The Silent Pandemic – Let Media Break the Silence” was held today at the Press Club of India, New Delhi. The workshop was organized by ReAct Asia Pacific and brought together media professionals, health experts, and civil society leaders to raise awareness and strengthen reporting on the growing threat of antimicrobial resistance (AMR).

Antimicrobial Resistance (AMR) is one of the gravest public health threats of our time. In 2021, an estimated 47 lakhs deaths globally were associated with bacterial AMR, including 11 lakhs directly attributable deaths. Recent projections indicate that between 2025 and 2050, bacterial AMR could cause 3.9 crore deaths worldwide — equivalent to three lives lost every minute.

The workshop aimed to equip journalists with scientific knowledge, cross-sectoral insights, and practical tools to report on AMR using a One Health approach—which connects human, animal, and environmental health.

The event opened with remarks by Dr. S. S. Lal, Director of ReAct Asia Pacific, who emphasized the urgency of AMR and the critical role of the media in shaping public awareness and accountability.

A moving session on lived experiences followed, moderated by Dr. Narinder Saini, Chairman of the AMR Standing Committee, Indian Medical Association. Bhakti Chauhan (AMR Taskforce) and Pooja Mishra (HIV advocate) shared powerful personal reflections, shedding light on the human cost of AMR—especially among vulnerable communities. Dr. Saini reiterated the call to “Stop Infection, Fight AMR” and urged journalists to “Act now, act together.”

The One Health panel, chaired by Dr. Sam Prasad (AHF Indiacares), brought together experts across sectors, including Dr. Sangeeta Sharma (Delhi Society for Promotion of Rational Use of Drugs), Dr. Chanchal Bhattacharya (Heifer International), Rajeshwari Sinha (Centre for Science and Environment), and Satish Sinha (Toxics Link). The panel underscored the interconnectedness of human, animal, and environmental health in addressing AMR.

A session on health systems strengthening featured Dr. Sarabjit Singh Chadha (FIND) and Dr. Tikesh Bisen (PATH), who spoke on the critical role of diagnostics and infection prevention and control (IPC) in AMR containment.

Dr. Salman Khan (ReAct Africa) guided participants on identifying credible sources for science reporting. This was followed by Shobha Shukla (Global AMR Media Alliance), who shared insights on media trends and the challenges of reporting AMR in India.

A key highlight was the launch of the India Chapter of the AMR Media Alliance by Bobby Ramakant, who also led the concluding group discussion. The event closed with a clear message: media must be at the forefront of amplifying solutions to the AMR crisis.

Key Messages for the Community:

• Antibiotics are lifesaving — but only when used correctly.
  Misuse and overuse lead to drug-resistant infections that are harder and costlier to treat.
• Not all infections need antibiotics.
  Colds, flu, and many fevers are caused by viruses — antibiotics don’t work against them.
• Always take antibiotics exactly as prescribed.
  Don’t stop midway, skip doses, or self-medicate.
• Get tested when needed.
  Diagnostics help identify whether antibiotics are necessary and which ones are effective.
• Good hygiene prevents infections.
  Simple steps like handwashing, clean water, sanitation, and vaccination reduce the need for antibiotics.
• AMR affects everyone — not just hospital patients.
  Resistant infections can occur in the community, in food, and through animals or the environment.
• You have the right to ask.
  Ask your doctor: “Is this antibiotic really necessary?
• Antibiotics are a shared resource.
  Protecting them today ensures they remain effective for future generations.

President Marcos Jr. champions strategic ties with India at Philippines–India Business Forum 2025, unveils vision for future-ready partnership

BENGALURU, 07 August 2025: In a strong affirmation of the growing strategic and economic partnership between the Philippines and India, HE Mr Ferdinand Romualdez Marcos Jr., President of the Republic of the Philippines today welcomed deeper collaboration with Indian industry across key sectors such as advanced electronics, pharmaceuticals, renewable energy, digital innovation, and infrastructure among others during the ‘Philippines-India Business Forum 2025’. The forum, organized by the Department of Trade and Industry (DTI), Philippines in collaboration with FICCI (as National Chamber) brought together top government officials, business leaders, and trade representatives from both nations. The forum marked a significant step forward in strengthening bilateral commercial relations.

President HE Mr Marcos further stated that with the Philippines undertaking major structural reforms to improve ease of doing business—such as the CREATE MORE Act, Green Lanes for priority investments, and workforce-aligned education—the country signals its readiness as a reliable partner for capital, technology, and talent. Both nations, sharing complementary strengths and a common vision for sustainable growth, are poised to unlock the full potential of this partnership through joint ventures, innovation, and a forthcoming Preferential Trade Agreement, he added.

“India and the Philippines are natural partners—bound by shared values, complementary strengths, and a common vision for inclusive and sustainable development. We are undertaking bold reforms to ensure the Philippines is a globally competitive, future-ready destination for investment. I invite Indian businesses to see the Philippines not just as a market, but as a strategic partner in shaping the industries of tomorrow—be it in semiconductors, clean energy, digital solutions, or healthcare. Together, we can build a resilient, innovative, and prosperous future for our peoples and the region,” said President HE Mr Marcos

Hon Ms Cristina Roque, Secretary, Department of Trade and Industry (DTI), Philippines said that today’s forum reaffirms the deepening economic ties between the Philippines and India. With bilateral trade reaching a historic high and strong interest from Indian firms, we are entering a new era of strategic collaboration. The Philippines offers a dynamic, innovation-driven environment underpinned by sound macroeconomic fundamentals, a young and skilled workforce, and a clear vision for industrial transformation. She further added, “Indian companies are well-positioned to tap into high-potential sectors such as electronics, digital services, pharmaceuticals, and advanced manufacturing. We welcome Indian investors to be part of our growth story as we transform shared aspirations into real opportunities—creating jobs, driving innovation, and building resilient industries for the future,” she added.

Mr Vijay Sankar, Vice President, FICCI & Chairman, The Sanmar Group, said, “President Marcos Jr.’s visit marks a pivotal moment in the deepening of India-Philippines relations. His visionary leadership, coupled with the Philippines’ robust economic outlook and openness to investment, presents significant opportunities for collaboration. As two of Asia’s fastest-growing economies, our complementary strengths—in technology, healthcare, infrastructure, and services—form a strong foundation for a future-ready partnership. FICCI is committed to facilitating high-impact collaborations, including a joint working group on trade and investment.”

Before the President’s address, leading Indian industry leaders from Infosys BPM, TCS Philippines, and iSON Tower Ltd. shared their future plans, signalling strong private-sector engagement on both sides.

Mr Mahesh Mirpuri, President, FICCI Philippines emphasised that Under President Marcos’s visionary leadership, the Philippines has emerged as a beacon for foreign investment—driven by clear policy, digital transformation, and a truly welcoming business environment. “With India’s strengths in technology and scale, and the Philippines’ talent, agility, and creativity, our two nations are natural partners in innovation. I urge Indian businesses to explore the Philippines—not just as an ASEAN gateway, but as a dynamic, responsive, and rewarding market ready for long-term collaboration,” he added.

Mr Ruben Pascual, Secretary General, Philippine Chamber of Commerce and Industry said, “The Philippines is on the brink of transformative growth, and India stands ready to partner in this journey. By aligning strengths in semiconductors, EVs, pharmaceuticals, agribusiness, and innovation, we can unlock high-impact collaborations. A clear roadmap and high-level working groups will be key to turning shared ambition into tangible outcomes for both nations.”

Mr Siddhartha Agarwal, Chairman, FICCI Karnataka State Council & President, Bhoruka Park Pvt Ltd also addressed the forum highlighting the promising opportunities for Indo-Philippine collaboration in innovation, digital transformation, and green industries.

The forum, with over 150 attendees, also witnessed the presentation of strategic business agreements, reinforcing commitments to long-term collaboration in technology, healthcare, infrastructure, and economic zone development.

India, 7th August 2025: OPPO Service Day returns on 11th August with a range of exclusive walk-in benefits at all authorised OPPO Service Centres across India.

As part of OPPO India’s ongoing commitment to after-sales excellence, users can take advantage of the following offers:

• 30% off on mainboard and camera repairs
• Up to 20% off on display replacements
• Up to 30% off on back cover replacements
• Free protective film and back cover
• Free software upgrades
• Free phone sanitisation

These benefits are available on select models across the Reno, F, A, K, and Find Series, making service more accessible, affordable, and seamless for OPPO users.

With over 570 service centres nationwide and the highest customer satisfaction rating in after-sales support (as per Counterpoint Research), OPPO continues to lead in transparent, reliable service delivery.

Empowering You with OPPO Self-Help Assistant

To make support even easier, OPPO offers the Self-Help Assistant—a digital-first service that allows users to troubleshoot and resolve common smartphone issues without visiting a service centre. Also accessible through the OPPO Support app, and HeyTap Cloud, this tool provides:

• Step-by-step guides for fixing issues like battery drain, software glitches, or network problems
• AI-enabled chat support for queries on diagnostics, warranty, and service centre locations
• Real-time access to spare part prices for full transparency
• Easy booking and tracking of service appointments

This initiative also supports the Government of India’s Right to Repair framework, reinforcing OPPO’s commitment to empowering users and extending device life.

OPPO Service Day is observed on the 11th of every month. We encourage all OPPO users to take advantage of this initiative and experience the care and service OPPO stands for. The offers apply to select models, components, and color variants as per the applicable promotional schemes.

The Clothing Manufacturers Association of India (CMAI) has expressed deep concern over the United States’ decision to further increase tariffs for from 25% to 50%, calling it a severe setback to Indian apparel exports.

“The imposition of an additional 25% tariffs on India will deliver a crippling blow to the Indian apparel industry. The proposed 50% tariff will increase the cost of Indian apparel by 30–35% compared to alternatives from countries like Bangladesh and Vietnam, making Indian exports uncompetitive in the global market. Buyers are unlikely to bear such a substantial pricing gap, which could lead to a sharp decline in export orders,” expressed Santosh Katariya, President of Clothing Manufacturers Association of India (CMAI). He further denounced the move as “unjustified, unfair, and arbitrary.”

CMAI cautions that such elevated duties could severely destabilise the Indian apparel industry and leading to factory closures, unemployment, and widespread economic distress.

Ankur Gadia, Vice President of Clothing Manufacturers Association of India (CMAI), added, “We urge the Government of India to take a firm and proactive stance on this matter and work towards negotiating more balanced and equitable trade terms with the United States.”

Rahul Mehta, Chief Mentor of Clothing Manufacturers Association of India (CMAI), stated, “While we continue to hope that this development is part of a broader negotiation strategy, we strongly recommend that both the Government and the industry collaborate urgently to devise measures that can mitigate the adverse impact of this draconian levy.”

CMAI anticipates that the coming months will be extremely challenging for the Indian apparel export sector and calls for strategic intervention to safeguard the industry’s long-term viability.

7th August 2025: A new U.S. policy to modernise federal payments, including IRS tax refunds, may unintentionally block millions of international taxpayers from receiving their money, warns Pramod Kumar Siva, International Tax Expert at Texas A&M University School of Law.

Under Executive Order 14247, signed by President Donald Trump on March 25, 2025, the U.S. Department of the Treasury must stop issuing paper cheques for federal payments—including tax refunds—by September 30, 2025. While the goal is to reduce fraud and speed up payments, the change could cause major problems for non-resident Indians (NRIs), foreign students, professionals, and U.S. citizens living abroad.

Currently, the IRS only allows refunds to be deposited into U.S.-based bank accounts. Many overseas taxpayers who don’t have such accounts rely on paper cheques mailed to them. With paper cheques being phased out and no clear alternative announced, those taxpayers may be left without a way to receive their refunds.

“Global taxpayers need certainty, not confusion, “said Pramod Kumar Siva. We’re urging the Treasury to provide alternatives like prepaid debit cards or international wire transfers. The technology already exists. Now it’s about using it to include—not exclude—millions of overseas filers.”

Siva and other tax experts are formally advising the U.S. Treasury to introduce flexible options, such as SWIFT/IBAN international transfers, a transition grace period, and refund cards for those who don’t have U.S. bank accounts.

Without quick action, many global taxpayers may face long delays—or lose access to their refunds entirely.

Hyderabad, August 7, 2025 – The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has submitted a representation to Sri Duddilla Sridhar Babu, Hon’ble Minister for Industries & Commerce, IT, E&C and Legislative Affairs, Government of Telangana, urging the state government to take immediate steps to protect exporters from Telangana from the impact of global trade uncertainties.

FTCCI President Mr. R. Ravi Kumar expressed serious concern over the potential escalation of tariffs on Indian exports by the United States, which could significantly impact Telangana’s export-driven sectors such as chemicals, agricultural products (including rice), engineering goods, textiles, and gems and jewellery. These industries contribute substantially to the state’s GSDP, employment generation, and government revenues.

The threat of higher tariffs and penalties, coupled with weakening capital inflows, poses a grave challenge to exporters and MSMEs operating in the state. While the Government of India is actively exploring measures to mitigate the impact—such as recalibrating bank risk models to lower borrowing costs, reducing testing and certification fees, and launching an Export Promotion Mission—FTCCI believes that state-level interventions are equally vital.

In its appeal, FTCCI has recommended the following key support measures from the Telangana Government:

1. Exemption of Trade License Fee for manufacturing industries.

2. Reduction in Trade License Fees for commercial establishments, reverting to the earlier cap of ₹7,000 per annum, in line with practices in other states.

3. Expedited release of pending incentives to MSMEs and large industries.

4. Subsidies on logistics costs to make Telangana’s exports more competitive globally.

Mr. Ravi Kumar emphasised that timely and targeted support will give exporters the confidence that the state government stands firmly with them during global disruptions. “Shielding exporters from external shocks is essential not just for protecting existing businesses but also for sustaining employment and economic growth in Telangana,” he said.

FTCCI reiterated its commitment to working closely with the government to safeguard the interests of the business community and ensure that Telangana remains a robust contributor to India’s export economy.

IRM India Affiliate Licenses Mahindra University to Launch South India’s First Global Centre for Enterprise Risk Management

Hyderabad, August 7, 2025 — The Institute of Risk Management (IRM) India Affiliate, the Indian arm of the world’s leading certifying body for Enterprise Risk Management (ERM) exams across 140 countries, has announced a strategic collaboration with Mahindra University to establish South India’s first Global Centre for ERM. This significant partnership highlights the increasing demand for structured and internationally benchmarked risk education in the region, particularly amidst today’s volatile and interconnected global environment, as disclosed in a press note issued in the city today.

The Centre was officially launched a couple of days back by Mr. Anand Mahindra, Chancellor, in the presence of Dr. Yajulu Medury, Vice-Chancellor, Mr. Hersh Shah, CEO, IRM India Affiliate, Dr. Shivdasini S Amin, Head- Global Centre for Enterprise Risk Management, faculty, and students.

The newly established Centre will act as a dedicated hub for advancing IRM’s globally recognised ERM qualifications, risk-focused research, faculty development, and capacity building. It aims to nurture a new generation of risk-intelligent leaders capable of helping organisations across sectors anticipate and navigate complex challenges across industries.

Designed with a focus on academic excellence and practical engagement, the Centre will feature expansive physical and digital infrastructure to support continuous learning. It will house a curated collection of over 150 books and publications spanning risk management, strategy, governance, and leadership. An integrated online knowledge resource centre developed by IRM India will provide access to case studies, global risk reports, and white papers. To foster professional connections and peer learning, the Centre will include a networking arena for students, executives, and faculty to engage with visiting experts and industry leaders. As a tribute to global thought leadership, a Hall of Fame will celebrate notable risk influencers from around the world. Additionally, the Centre will feature a comprehensive risk taxonomy that provides structured classifications and definitions of over 300 types of enterprise risks, supporting academic, research, and industry applications.

Through this collaboration, Mahindra University, with the support of IRM India, will train students, professionals, and senior executives in ERM competencies aligned with IRM’s Global Level 1 curriculum. The Centre will also function as a regional think tank, driving research on emerging risk areas such as cyber threats, ESG exposures, climate change, geopolitical instability, and supply chain resilience. Faculty development programmes, policy advocacy, and sector-specific thought leadership will amplify the Centre’s impact across academia and industry.

Speaking at the launch of the Centre, Mr. Anand Mahindra, Chancellor, Mahindra University, said, “At Mahindra University, we believe that future-readiness is the cornerstone of education. Our partnership with the Institute of Risk Management – India Affiliate is more than an academic collaboration — it is a statement of intent to nurture leaders who can navigate uncertainty with insight, resilience, and integrity. The IRM India Affiliate Centre at MU will serve as a crucible for research, learning, and thought leadership in risk management—an area that is no longer optional, but essential for sustainable progress.”

Dr. Yajulu Medury, Vice-Chancellor, Mahindra University, added, “The launch of the IRM India Affiliate Centre at Mahindra University is a forward-looking initiative that reinforces our interdisciplinary approach to education. This partnership aligns with our long-term vision of promoting academic excellence, industry-relevant skills, and internationalisation under the National Education Policy 2020. By embedding risk management into the core of academic inquiry and practice, we are equipping our students to become strategic thinkers and responsible decision-makers. We are proud to collaborate with IRM India Affiliate in creating a new generation of professionals who will shape resilient organisations and societies.

Mr. Hersh Shah, CEO of IRM India Affiliate and India’s Youngest Enterprise Risk Expert, stated, “Our collaboration with Mahindra University marks a pivotal step in democratising access to high-quality risk management education in India. South India is home to dynamic industries such as information technology, manufacturing, infrastructure, finance, defence, and logistics—sectors that face an increasingly complex risk landscape. The establishment of this Centre reflects a shared commitment to developing risk-intelligent individuals and organisations — a vital step toward building a resilient world. May every individual who walks these halls be inspired to lead with foresight, responsibility, and purpose.”

Mahindra University has already demonstrated a strong track record in preparing students for IRM’s global ERM exams since 2021. The launch of the Global Centre for ERM further elevates its role as a regional anchor for risk education and leadership. The Centre will collaborate closely with industry bodies, regulators, and corporate partners to ensure academic offerings remain contextually relevant and aligned with real-world needs. It will also provide a range of programmes in collaboration with IRM India to enhance governance and strategic risk capabilities across the public and private sectors. This partnership represents a significant contribution to India’s broader vision of building a resilient, risk-ready nation powered by risk-intelligent leadership and international collaboration.

Redington India Inaugurates Graphics Experience Center in Mumbai, Reinforcing Commitment to HP Print Technology Innovation in India

Mumbai, August 07, 2025 – Redington Limited in collaboration with HP India, announces the inauguration of state-of-the-art Graphics Experience Center in Mumbai – a cutting-edge facility built to showcase the future of HP large-format printing. Designed to serve as a hub of collaboration and capability-building, the Graphics Experience Center reinforces Redington and HP’s long-term commitment to advancing print technology and supporting the Indian print and design community.

Through the Graphics Experience Centre, Redington will bring together the latest innovations in HP Latex print technology, enabling its customers to explore, test, and co-create print solutions for a wide range of applications — from outdoor signage, décor, traffic to retail signages. By offering immersive demos, training, and real-time experimentation, the Graphics Experience Center is poised to serve as a launchpad for print service providers (PSPs), creative agencies, media suppliers, and brand marketers looking to push the boundaries of what’s possible with sustainable, high-performance printing.

Puneet Chadha, Global Chief Marketing Officer, Redington Limited, said, “This isn’t just a demo centre, it’s a space dedicated to creativity, collaboration, and the acceleration of innovation. It has been shaped by the belief, passion, and persistence of our customers, partners, and the media who championed this industry long before it became mainstream. Together, we didn’t just grow a market, we created one. As we open this space, it’s not about showcasing machines, it’s about unlocking the next idea, the next innovation, the next breakthrough. This is where the future of print takes shape with the collective strength of our community driving it forward.”

Raghu Ram, Senior Vice President, Endpoint Solutions Group, Redington Limited, said, “At Redington, we are focused on delivering value beyond products. This Experience Center is an investment in knowledge-sharing, upskilling, and industry collaboration. We’re excited to see how customers, creatives, and partners come together here to discover new print frontiers and transform their ideas into impactful outcomes.”

“The inauguration of the HP x Redington Graphics Experience Center marks a significant step forward in our mission to empower India’s dynamic print industry,” said Vitesh Sharma, Country Head – India, Bangladesh, Sri Lanka for Large Format Printing Business, HP. “This Center is a collaborative hub where PSPs, brands, media suppliers, and creative agencies can explore, experiment, and innovate together. As customer expectations evolve, there’s a growing need for versatile, scalable, and sustainable print solutions. This facility brings those possibilities to life, reinforcing our commitment to fostering innovation and helping our partners stay ahead in a fast-changing landscape.”

At the center, Redington will leverage the advanced capabilities of the HP Latex 730 and 830 printer series, which are engineered to meet the evolving needs of PSPs. Featuring HP Pixel Control, next-generation inks, and a new printhead architecture, these printers deliver vibrant colors, sharp text, and consistent quality across a wide range of substrates. Automated features such as double-sided printing, spindle-less front-loading, and a new output platen minimize material waste and streamline workflows. Additionally, the printers integrate with HP PrintOS Production Hub, offering real-time monitoring, remote queue management, and a centralized dashboard to optimize production efficiency.

As part of its commitment to sustainability, Redington will also actively promote the HP Planet Partners program through the center. This initiative supports HP’s broader sustainability goals by enabling the responsible return and recycling of used print supplies, reinforcing a circular economy.

Together, Redington and HP are enabling Indian print and design community with advance and sustainable print technologies.

Pharmaceutical company Medistep Healthcare’s IPO Price Fixed at Rs.43 Per Share; Issue Opens tomorrow

New Delhi, August 7, 2025: Medistep Healthcare Limited, a rapidly growing player in India’s pharmaceutical and healthcare market, has fixed the price of its upcoming Initial Public Offering (IPO) at Rs.43 per equity share. The offering comprises up to 37,44,000 equity shares with a face value of Rs.10 each. The IPO, which is being offered through a fixed price issue, will open for subscription on Friday, August 8, 2025, and close on Tuesday, August 12, 2025.

The lot size for the issue has been set at 3,000 equity shares. The shares are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited on August 18, 2025.

Of the total offer, not less than 17,79,000 equity shares are reserved for retail individual investors, not more than 17,76,000 equity shares are allocated for non-institutional investors, and 1,89,000 equity shares are reserved for the market maker portion. Fast Track Finsec Private Limited is acting as the lead manager to the issue, and Cameo Corporate Services Limited is the registrar.

Medisteps intends to raise approximately Rs 16.09 crore from the ipo. The net proceeds from the IPO will be utilised to fund capital expenditure towards the purchase of plant and machinery for expansion at the company’s existing manufacturing facility, to meet working capital requirements, to meet general corporate purposes and to meet out the Issue Expenses.

Founded in June 2023, Medistep Healthcare Limited is engaged in the manufacturing of sanitary pads and energy powders, and in the trading of pharmaceutical, nutraceutical, surgical, and intimate care products through an established distribution network. The company expanded its footprint in 2024 with the acquisition of the business of M/s MG Pharma, a proprietorship concern.

The company reported revenue from operations of Rs.4,965.48 lakh in FY25, compared to Rs.3,907.19 lakh in FY24. EBITDA stood at Rs.560 lakh for FY25, up from Rs.454.2 lakh in the previous year, while profit after tax (PAT) rose to Rs.414.42 lakh from Rs.332.76 lakh.

Following the issue, the company’s equity share capital will increase from 1,04,65,546 shares to 1,42,09,546 shares, with a post-issue implied market capitalization of Rs.61.10 crore.

Commenting on the IPO, Mr. Girdhari Lal Prajapati, Managing Director, Medistep Healthcare Limited, said, “The proceeds from the IPO will strategically support our expansion efforts and reinforce our footprint in both domestic and international markets. Our diversified and growing product portfolio positions us well to capitalize on the rising global and domestic demand for health and hygiene solutions.”