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.

Adeshwar Meditex IPO Details

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 Size3,900,000 shares
(aggregating up to ₹9.75 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Adeshwar Meditex IPO Reservation

Other Shares Offered1,848,000 (50.00%)
Retail Shares Offered1,848,000 (50.00%)
Market Maker portion204,000 shares
Total Shares Offered3,696,000

Adeshwar Meditex IPO Tentative Timetable

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

Adeshwar Meditex IPO Lot Size

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

Adeshwar Meditex IPO Promoter Holding

Siddharth Talati is the promoter of the company.

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

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)

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

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...

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 Prospectus

Adeshwar Meditex IPO Rating

Rating:Rated 2.6 stars
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Adeshwar Meditex IPO Listing Details

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

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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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: https://www.bigshareonline.com/

Adeshwar Meditex IPO Analysis

Adeshwar Meditex IPO Recommendation Summary

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

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SME IPO Enquiry

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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, 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.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



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 (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 (1100+ 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 |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
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)
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?