Adeshwar Meditex is engaged in the manufacturing of surgical dressings and external preparations products of Wound care & Wound management including sterile surgical wound dressing, tulle dressing, medical disposable, adhesive bandages, absorbent gauze, plaster, disinfectants, medical kits etc.
Adeshwar Meditex started as a proprietary concern in 1997 which was subsequently converted into the company. The company is an ISO 13485:2016 certified company and has manufacturing facility at Deewan Industrial Estate, Palghar District.
Its manufacturing facility also has sophisticated facilities for quality testing, research & development, storage and packaging while an in-house R&D facility takes care of on-site process improvement.
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.
Company Financials
| 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
| 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 | 3,900,000 Eq Shares of ₹10 (aggregating up to ₹9.75 Cr) |
Adeshwar Meditex IPO – Schedule
| IPO Open Date | Jun 15, 2021 |
| IPO Close Date | Jun 18, 2021 |
| Basis of Allotment Date | Jun 24, 2021 |
| Initiation of Refunds | Jun 25, 2021 |
| Credit of Shares to Demat Account | Jun 26, 2021 |
| IPO Listing Date | Jun 28, 2021 |
Adeshwar Meditex IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| 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% |
Company Contact Information
| 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 FAQs
| What is Adeshwar Meditex IPO? 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 equity 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. |
| When Adeshwar Meditex IPO will open? The Adeshwar Meditex IPO opens on Jun 15, 2021 and closes on Jun 18, 2021. |
| What is the lot size of Adeshwar Meditex IPO? Adeshwar Meditex IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares. |
| When is Adeshwar Meditex IPO listing date? The Adeshwar Meditex IPO listing date is not yet announced. The tentative date of Adeshwar Meditex IPO listing is Jun 28, 2021. |
