Adeshwar Meditex IPO will open for subscription from 15 June 2021. The company comes with an issue size of ₹9.75 Cr through this Fixed price IPO.
Adeshwar Meditex Limited
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.
Objects of the Issue
- To make partly repayment of loans.
- To finance the company’s working capital requirements.
- For general corporate purposes.
- Experienced promoters and managers team.
- Large product portfolio.
- Global market presence.
- Strong quality control and service standards.
Basic details about the company
|Full name||Adeshwar Meditex Limited|
|Industry||Pharmaceutical & Drugs|
Dates to remember
|IPO Open||15 June 2021|
|IPO Close||18 June 2021|
|Basis of Allotment||23 June 2021|
|Refunds date||24 June 2021|
|Credit to Demat Account||25 June 2021|
|Listing Date||28 June 2021|
|Issue type||Fixed Price Issue|
|IPO issue size||9.75 Crores|
|Shares offered||3,900,000 Eq Shares|
|Face value||₹10 Per Equity Share|
|Offer Price||₹25 per equity share|
|Lot size||6000 Shares|
|Minimum application||1 Lot–6000 Shares|
|Maximum application||6000 Shares|
|Minimum application amount||₹150000|
|Maximum application amount||₹150000|
|Listing Exchange||BSE SME|
|Particulars||For the year/period ended (₹ in lakhs)|
|Profit After Tax||138.92||201.49||225.10||256.08|
- Siddharth Talati
- Aryaman Financial Services limited
Adeshwar Meditex IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
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
Adeshwar Meditex IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.