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Adeshwar Meditex Limited IPO (Adeshwar Meditex IPO) Detail

Jun 15, 2021 - Jun 18, 2021

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

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 Details

Adeshwar Meditex IPO Date Jun 15, 2021 to Jun 18, 2021
Adeshwar Meditex IPO Face Value ₹10 per share
Adeshwar Meditex IPO Price ₹25 per share
Adeshwar Meditex IPO Lot Size 6000 Shares
Issue Size3,900,000 shares of ₹10
(aggregating up to ₹9.75 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Siddharth Talati is the promoter of the company.

Adeshwar Meditex IPO Timeline (Tentative Timetable)

Adeshwar Meditex IPO opens on Jun 15, 2021, and closes on Jun 18, 2021. The Adeshwar Meditex IPO bid date is from Jun 15, 2021 10.00 A.M. to Jun 18, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Adeshwar Meditex IPO Opening Date Jun 15, 2021
Adeshwar Meditex IPO 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
Adeshwar Meditex IPO Listing Date Jun 28, 2021

Adeshwar Meditex IPO Lot Size

The Adeshwar Meditex IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).

Application Lots Shares Amount
Minimum 1 6000 ₹150,000
Maximum 1 6000 ₹150,000

Adeshwar Meditex IPO Promoter Holding

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

Adeshwar Meditex IPO Review

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 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)

CategorySubscription (times)
NII1.50
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 Date

Listing Date Monday, June 28, 2021
BSE Script Code 543309
NSE Symbol
Listing In MT Group of Securities
ISIN INE0H8J01015
IPO Price ₹25 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹25.00
₹25.25
₹25.10
₹25.50
₹25.15

Company Contact Information

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: http://www.bigshareonline.com

Adeshwar Meditex IPO Review

Adeshwar Meditex IPO Recommendation Summary

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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 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

  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 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, Edelweiss, 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.

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

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20 Comments

10. LockDownInvestor |   Link |Jun 24, 2021 10:52:07 AM
Still no update of subscription details on bigshare website. Such an unreliable registrar. 👎👎
10.3. Scrip |   Link |Jun 25, 2021 4:48:34 AM
Top Contributor Top Contributor (200+ Posts, 100+ 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 |Jun 28, 2021 8:49:54 PM
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 |Jun 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 |Jun 27, 2021 11:38:07 AM
Top Contributor Top Contributor (200+ Posts)
Listing tomorrow. chance of listing at par issue price.
8.1. aagarwal |   Link |Jun 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 |Jun 24, 2021 7:24:25 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Pray for the God that listing will not be same as Abhisheh which is 30% down to issue price.
7.1. Scrip |   Link |Jun 25, 2021 4:45:35 AM
Top Contributor Top Contributor (200+ Posts, 100+ 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 |Jun 24, 2021 1:14:37 PM
Just now got msg from bank debiting the application money. Means got allotment.
6.1. MAHADEVAN KS |   Link |Jun 24, 2021 3:26:58 PM
BANK: HDFC BANK
5. MAHADEVAN KS |   Link |Jun 24, 2021 1:15:46 PM
Rs.1.50 lacs debited from account just now.
5.1. LockDownInvestor |   Link |Jun 24, 2021 1:58:56 PM
I didn''t the message till now. :(
Which bank?
4. Manoj Baban Malunjkar |   Link |Jun 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 |Jun 23, 2021 2:03:30 PM
Normally it happens like that, it will be clear today after subscription results. Good Luck.
4.2. Scrip |   Link |Jun 24, 2021 3:47:02 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Yes.
Congratulations!
3. Akhil Agrawal |   Link |Jun 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 |Jun 16, 2021 6:05:27 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Concerns are
- Declining Profit
- High Cash Conversion Cycle
- Management is Old
- Sales figures constant
1. VMARU |   Link |Jun 13, 2021 8:38:55 PM
Looks promising.
Anyone who knows this company locally?