Adeshwar Meditex Limited IPO Detail
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 Promoters
Siddharth Talati is the promoter of the company.IPO Details
| IPO Opening Date | Jun 15, 2021 |
| IPO Closing Date | Jun 18, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹9.75 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | x | x | x |
IPO Tentative Timetable
The Adeshwar Meditex Limited IPO open date is Jun 15, 2021, and the close date is Jun 18, 2021. The issue may list on Jun 28, 2021.
| IPO Open Date | Jun 15, 2021 |
| IPO Close Date | Jun 18, 2021 |
| Basis of Allotment Date | Jun 23, 2021 |
| Initiation of Refunds | Jun 24, 2021 |
| Credit of Shares to Demat Account | Jun 25, 2021 |
| IPO Listing Date | Jun 28, 2021 |
IPO Lot Size
The Adeshwar Meditex Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹150000 |
| Maximum | 1 | 6000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 58.45% |
| Post Issue Share Holding | 42.65% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Dec-20 | 6,560.31 | 5,208.66 | 138.92 |
| 31-Mar-20 | 5,480.65 | 5,639.26 | 201.49 |
| 31-Mar-19 | 4,386.71 | 5,473.93 | 225.10 |
| 31-Mar-18 | 3,281.38 | 5,869.67 | 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.
