Adeshwar Meditex IPO Details

Adeshwar Meditex IPO 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
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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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