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Incorporated in 2007, Adeshwar Meditex Limited is engaged in manufacturing surgical dressings and external preparations products i.e. sterile surgical wound dressing, tulle dressing, adhesive bandages, medical disposable, absorbent gauze, disinfectants, plaster, medical kits, etc. The firm caters to both the domestic as well as international markets.
Adeshwar Meditex has a state-of-the-art manufacturing facility in Palghar district. The modernized manufacturing unit is equipped with advanced machinery and sterilization facilities along with an in-house R&D unit.
Competitive Strengths
| IPO Date | Jun 15, 2021 to Jun 18, 2021 |
| Listing Date | Jun 28, 2021 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 3,900,000 shares (aggregating up to ₹9.75 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Other Shares Offered | 1,848,000 (50.00%) |
| Retail Shares Offered | 1,848,000 (50.00%) |
| Market Maker portion | 204,000 shares |
| Total Shares Offered | 3,696,000 |
Adeshwar Meditex IPO opens on Jun 15, 2021, and closes on Jun 18, 2021.
| Event | Tentative Date |
|---|---|
| Opening Date | Jun 15, 2021 |
| Closing Date | Jun 18, 2021 |
| Basis of Allotment | Jun 23, 2021 |
| Initiation of Refunds | Jun 24, 2021 |
| Credit of Shares to Demat | Jun 25, 2021 |
| Listing Date | Jun 28, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Adeshwar Meditex IPO lot size is 6000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| Lot Size Calculator | |||
Siddharth Talati is the promoter of the company.
| Pre Issue Share Holding | 58.45% |
| Post Issue Share Holding | 42.65% |
The Adeshwar Meditex IPO is subscribed 1.85 times on Jun 18, 2021 6:49:00 AM. The public issue subscribed 2.21 times in the retail category, times in the QIB category, and 1.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.50 |
| Retail | 2.21 |
| Total | 1.85 |
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 6,560.31 | 5,480.65 | 4,386.71 | 3,281.38 | |
| Total Revenue | 5,208.66 | 5,639.26 | 5,473.93 | 5,869.67 | |
| Profit After Tax | 138.92 | 201.49 | 225.10 | 256.08 | |
[Dilip Davda] Based on static financial parameters with declining trends for the bottom line, the issue appears aggressively priced and un-appealing. Cash surplus, risk savvy investors may consider investment at their own risk. Read detail review...
The net IPO proceeds will be used towards the following purposes;
| Listing Date | Jun 28, 2021 |
| BSE Script Code | 543309 |
| NSE Symbol | |
| ISIN | INE0H8J01015 |
| Final Issue Price | ₹25 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹25.00 |
| ₹25.25 |
| ₹25.10 |
| ₹25.50 |
| ₹25.15 |
Adeshwar Meditex Limited
605, 6th floor, Plot-99, Niranjan Building
Bhagwan Todi Bal Udyan Marg
Marine Lines Railway Station, Marine Drive, Mumbai
Phone: 022-22674137 / 38
Email: info@adeshwarmeditex.com
Website: http://www.adeshwarmeditex.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Adeshwar Meditex IPO is a SME IPO of 3,900,000 equity shares of the face value of ₹10 aggregating up to ₹9.75 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on Jun 15, 2021, and closes on Jun 18, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Adeshwar Meditex IPO using UPI as a payment gateway. Zerodha customers can apply in Adeshwar Meditex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Adeshwar Meditex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Adeshwar Meditex IPO opens on Jun 15, 2021 and closes on Jun 18, 2021.
Adeshwar Meditex IPO lot size is 6000 Shares and the minimum order quantity is .
You can apply in Adeshwar Meditex IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Adeshwar Meditex IPO will be done on Jun 23, 2021, and the allotted shares will be credited to your demat account by Jun 25, 2021. Check the Adeshwar Meditex IPO allotment status.
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