India, Aug. 7 -- image credit- shutterstock

Medistep Healthcare is set to raise approximately Rs 16.09 crore through its upcoming fixed-price Initial Public Offering (IPO), with the primary objective of strengthening its manufacturing infrastructure through the acquisition of advanced plant and machinery.

A significant portion of the IPO proceeds will be allocated toward the acquisition and installation of state-of-the-art equipment at the company's existing manufacturing facility in Kheda, Gujarat. At the core of this investment is a fully automated, high-speed sanitary pad production line, capable of producing up to 500 pads per minute. This integrated line features raw material feeding, embossing, adhesive application, and inline qua...