Adeshwar Meditex IPO Details
Adeshwar Meditex IPO description – 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.
Promoters of Adeshwar Meditex – Siddharth Talati
| Adeshwar Meditex IPO details | |
| Subscription Dates | 15 – 18 June 2021 |
| Price Band | INR25 per share |
| Fresh issue | 39,00,000 shares (INR9.75 crore) |
| Offer For Sale | Nil |
| Total IPO size | 39,00,000 shares (INR9.75 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Adeshwar Meditex financial performance (in INR crore)
| FY2018 | FY2019 | FY2020 | 9M FY2021 | |
| Revenue | 58.70 | 54.74 | 56.39 | 52.09 |
| Expenses | 55.11 | 51.62 | 53.58 | 50.16 |
| Net income | 2.56 | 2.25 | 2.01 | 1.39 |
| Net margin (%) | 4.4 | 4.1 | 3.6 | 2.7 |
Registrar of Adeshwar Meditex IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Valuation of Adeshwar Meditex IPO (FY2020)
Earnings Per Share (EPS): INR2
Price/Earnings (PE ratio): 12.50
Return on Net Worth (RONW): 10.71%
Net Asset Value (NAV): INR35.73 per share
Adeshwar Meditex IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.95 |
| Day 2 | 1.14 |
| Day 3 | 1.33 |
| Day 4 | 1.75 |
Adeshwar Meditex Contact Details
Adeshwar Meditex Limited
605, 6th floor, Plot-99, Niranjan Building, Bhagwan Todi Bal Udyan Marg,
Marine Lines Railway Station,
Marine Drive, Mumbai – 400002
Phone: +91 022-22674137
Email: [email protected]
Website: www.adeshwarmeditex.com
Adeshwar Meditex IPO Allotment Status
Adeshwar Meditex IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Performance of Adeshwar Meditex
IPO Opening Date: 15 June 2021
IPO Closing Date: 18 June 2021
Finalisation of Basis of Allotment: 23 June 2021
Initiation of refunds: 24 June 2021
Transfer of shares to demat accounts: 25 June 2021
Listing Date: 28 June 2021
Opening Price on BSE SME: INR25.25 per share (up 1% from IPO price)
Closing Price on BSE SME: INR25.15 per share (up 0.6% from IPO price)
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