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Adeshwar Meditex Limited IPO (Adeshwar Meditex IPO) Detail

June 15, 2021 - June 18, 2021

Adeshwar Meditex IPO is a fixed price issue of Rs 9.75 crores.

Adeshwar Meditex IPO bidding started from June 15, 2021 and ended on June 18, 2021. The allotment for Adeshwar Meditex IPO was finalized on Wednesday, June 23, 2021. The shares got listed on BSE SME on June 28, 2021.

Adeshwar Meditex IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.

Aryaman Financial Services Limited is the book running lead manager of the Adeshwar Meditex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Adeshwar Meditex IPO RHP for detailed information.

Adeshwar Meditex IPO Details

IPO Date June 15, 2021 to June 18, 2021
Listing Date June 28, 2021
Face Value ₹10 per share
Price ₹25 per share
Lot Size 6000 Shares
Total Issue Size3,900,000 shares
(aggregating up to ₹9.75 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion204,000 shares

Adeshwar Meditex IPO Reservation

Adeshwar Meditex IPO offers 3,900,000 shares. 1,848,000 (47.38%) to NII, 1,848,000 (47.38%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered204,000 (5.23%)
Other Shares Offered1,848,000 (47.38%)
Retail Shares Offered1,848,000 (47.38%)
Total Shares Offered3,900,000 (100%)

Adeshwar Meditex IPO Timeline (Tentative Schedule)

Adeshwar Meditex IPO opens on June 15, 2021, and closes on June 18, 2021.

IPO Open Date Tuesday, June 15, 2021
IPO Close Date Friday, June 18, 2021
Basis of Allotment Wednesday, June 23, 2021
Initiation of Refunds Thursday, June 24, 2021
Credit of Shares to Demat Friday, June 25, 2021
Listing Date Monday, June 28, 2021
Cut-off time for UPI mandate confirmation 5 PM on June 18, 2021

Adeshwar Meditex IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹150,000
Retail (Max) 1 6000 ₹150,000
Lot Size Calculator

Adeshwar Meditex IPO Promoter Holding

Siddharth Talati is the promoter of the company.

Share Holding Pre Issue 58.45%
Share Holding Post Issue 42.65%

About Adeshwar Meditex Limited

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

  • Experienced promoters and managers team.
  • Large product portfolio.
  • Global market presence.
  • Strong quality control and service standards.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue (Adeshwar Meditex IPO Objectives)

The net IPO proceeds will be used towards the following purposes;

  • To make partly repayment of loans.
  • To finance company's working capital requirements.
  • To meet general corporate purposes.

Adeshwar Meditex IPO Review (May apply)

[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...


Adeshwar Meditex IPO Subscription Status (Bidding Detail)

The Adeshwar Meditex IPO is subscribed 1.85 times on June 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)

CategorySubscription (times)
Other1.50
Retail2.21
Total1.85

Adeshwar Meditex IPO Prospectus

Adeshwar Meditex IPO Rating

36
2.6
Rating:Rated 2.6 stars
Vote Here ...

Adeshwar Meditex IPO Listing Details

Listing Date June 28, 2021
BSE Script Code 543309
NSE Symbol
ISIN INE0H8J01015
Final Issue Price ₹25 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹25.00
₹25.25
₹25.10
₹25.50
₹25.15

Check IPO Performance…

Adeshwar Meditex Limited Contact Details

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/

Adeshwar Meditex IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Adeshwar Meditex IPO - Buy or Not

Adeshwar Meditex IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Adeshwar Meditex IPO FAQs

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 June 15, 2021, and closes on June 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Adeshwar Meditex IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Adeshwar Meditex IPO opens on June 15, 2021 and closes on June 18, 2021.

Adeshwar Meditex IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.

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 Wednesday, June 23, 2021, and the allotted shares will be credited to your demat account by Friday, June 25, 2021. Check the Adeshwar Meditex IPO allotment status.

The Adeshwar Meditex IPO listing date is on June 28, 2021.
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Adeshwar Meditex IPO Message Board

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20 Comments

10. LockDownInvestor |   Link |  Bookmark |June 24, 2021 10:52:07 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Still no update of subscription details on bigshare website. Such an unreliable registrar. 👎👎
10.3. Scrip |   Link |  Bookmark |June 25, 2021 4:48:34 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
If u r really eager for this stock then don''t worry.
People will get opportunity on listing day to add it.
10.4. LockDownInvestor |   Link |  Bookmark |June 28, 2021 8:49:54 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Disappointing start compared to expectations, so didn''t pick on listing day. Lets see how it goes in a week. Also, wasn''t aware that it''s trade is restricted by a lot.
9. MAHADEVAN KS |   Link |  Bookmark |June 28, 2021 10:35:27 AM
Today the selling pressure could get over. Today end of the day or tomorrow it should hit UC. Let us hope for the best.
8. Deepakkumar |   Link |  Bookmark |June 27, 2021 11:38:07 AM (200+ Posts)
Listing tomorrow. chance of listing at par issue price.
8.1. aagarwal |   Link |  Bookmark |June 27, 2021 3:31:22 PM
With the furore last 2 SME IPOs created due to free fall listing this could see a slightly +ve listing just to ensure future IPOs stay oncourse...
7. Dinesh Singh |   Link |  Bookmark |June 24, 2021 7:24:25 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Pray for the God that listing will not be same as Abhisheh which is 30% down to issue price.
7.1. Scrip |   Link |  Bookmark |June 25, 2021 4:45:35 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
I don''t think so.
Going through the RHP, it seems that company is doing fine.
The only thing that may haunt on listing day is market sentiment.

It may be just like KMEW.
6. MAHADEVAN KS |   Link |  Bookmark |June 24, 2021 1:14:37 PM
Just now got msg from bank debiting the application money. Means got allotment.
6.1. MAHADEVAN KS |   Link |  Bookmark |June 24, 2021 3:26:58 PM
BANK: HDFC BANK
5. MAHADEVAN KS |   Link |  Bookmark |June 24, 2021 1:15:46 PM
Rs.1.50 lacs debited from account just now.
5.1. LockDownInvestor |   Link |  Bookmark |June 24, 2021 1:58:56 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I didn''t the message till now. :(
Which bank?
4. Manoj Baban Malunjkar |   Link |  Bookmark |June 22, 2021 12:48:50 PM
Amount is debited from my account so can I consider I have got this shares.
4.1. LockDownInvestor |   Link |  Bookmark |June 23, 2021 2:03:30 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Normally it happens like that, it will be clear today after subscription results. Good Luck.
4.2. Scrip |   Link |  Bookmark |June 24, 2021 3:47:02 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Yes.
Congratulations!
3. Akhil Agrawal |   Link |  Bookmark |June 16, 2021 9:53:26 PM
Good response in the IPO by Day 2 itself. Buzzing medical sector definitely adds to the charm. It won''t be surprising if we see a listing gain of 10-20% here.
2. Scrip |   Link |  Bookmark |June 16, 2021 6:05:27 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Concerns are
- Declining Profit
- High Cash Conversion Cycle
- Management is Old
- Sales figures constant
1. VMARU |   Link |  Bookmark |June 13, 2021 8:38:55 PM
Looks promising.
Anyone who knows this company locally?