Medistep Healthcare Ltd - IPO

Medistep Healthcare Ltd IPO Details

Initial public offering of up to 37,44,000 equity shares of Rs. 10/- each (Equity Shares) of Medistep Healthcare Limited (the Company) for cash at a price of Rs. 43/- per equity share (the Issue Price), aggregating to Rs. 16.10 crores (the Offer). Out of the offer, 1,89,000 equity shares aggregating to Rs. 0.81 crores will be reserved for subscription by marketmaker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 35,55,000 equity shares of face value of Rs. 10.00/- each at an issue price of Rs. 43/- per equity share aggregating to Rs. 15.29 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 26.35 % and 25.02 %, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 43/- the offer price is 4.3 times of the face value of the equity shares.Bid can be made for a minimum of 2 lot (lot size consist of 3000 equity shares each) and in multiples of 3000 equity shares thereafter.

Objective of issue

Funding capital expenditure towards purchase of plant and machineries for expansion at the existing mfg facility. Working capital requirements. General corporate purposes.

Medistep Healthcare Ltd Contact Details

Medistep Healthcare Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@medistephc.com

Website - www.medistephc.com