Adeshwar Meditex IPO

Adeshwar Meditex IPO (SME) Details

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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.

Also read: IPO List 2021: a complete list of IPOs in 2021

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.

Competitive Strengths

  • Experienced promoters and managers team.
  • Large product portfolio.
  • Global market presence.
  • Strong quality control and service standards.

Basic details about the company

Full nameAdeshwar Meditex Limited
IndustryPharmaceutical & Drugs

Dates to remember

IPO Open15 June 2021
IPO Close18 June 2021
Basis of Allotment23 June 2021
Refunds date24 June 2021
Credit to Demat Account25 June 2021
 Listing Date28 June 2021

IPO details

Issue typeFixed Price Issue
IPO issue size9.75 Crores
Shares offered3,900,000 Eq Shares
Face value₹10 Per Equity Share
Offer Price₹25 per equity share
Lot size6000 Shares
Minimum application1 Lot6000 Shares
Maximum application6000 Shares
Minimum application amount₹150000
Maximum application amount₹150000
Listing ExchangeBSE SME

Company Financials

ParticularsFor the year/period ended (₹ in lakhs)
Total Assets6,560.315,480.654,386.713,281.38
Total Revenue5,208.665,639.265,473.935,869.67
Profit After Tax138.92201.49225.10256.08

Company Promoter

  • Siddharth Talati

Lead manager

  • 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

Final thoughts

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.

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