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Adeshwar Meditex IPO is a fixed price issue of Rs 9.75 crores.
Adeshwar Meditex IPO bidding started from June 15, 2021 and ended on June 18, 2021. The allotment for Adeshwar Meditex IPO was finalized on Wednesday, June 23, 2021. The shares got listed on BSE SME on June 28, 2021.
Adeshwar Meditex IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Aryaman Financial Services Limited is the book running lead manager of the Adeshwar Meditex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Adeshwar Meditex IPO RHP for detailed information.
IPO Date | June 15, 2021 to June 18, 2021 |
Listing Date | June 28, 2021 |
Face Value | ₹10 per share |
Price | ₹25 per share |
Lot Size | 6000 Shares |
Total Issue Size | 3,900,000 shares (aggregating up to ₹9.75 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 10,531,426 |
Share holding post issue | 14,431,426 |
Market Maker portion | 204,000 shares |
Adeshwar Meditex IPO offers 3,900,000 shares. 1,848,000 (47.38%) to NII, 1,848,000 (47.38%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 204,000 (5.23%) |
Other Shares Offered | 1,848,000 (47.38%) |
Retail Shares Offered | 1,848,000 (47.38%) |
Total Shares Offered | 3,900,000 (100%) |
Adeshwar Meditex IPO opens on June 15, 2021, and closes on June 18, 2021.
IPO Open Date | Tuesday, June 15, 2021 |
IPO Close Date | Friday, June 18, 2021 |
Basis of Allotment | Wednesday, June 23, 2021 |
Initiation of Refunds | Thursday, June 24, 2021 |
Credit of Shares to Demat | Friday, June 25, 2021 |
Listing Date | Monday, June 28, 2021 |
Cut-off time for UPI mandate confirmation | 5 PM on June 18, 2021 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 6000 | ₹150,000 |
Retail (Max) | 1 | 6000 | ₹150,000 |
Lot Size Calculator |
Siddharth Talati is the promoter of the company.
Share Holding Pre Issue | 58.45% |
Share Holding Post Issue | 42.65% |
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.
Competitive Strengths
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 |
The net IPO proceeds will be used towards the following purposes;
[Dilip Davda] Based on static financial parameters with declining trends for the bottom line, the issue appears aggressively priced and un-appealing. Cash surplus, risk savvy investors may consider investment at their own risk. Read detail review...
The Adeshwar Meditex IPO is subscribed 1.85 times on June 18, 2021 6:49:00 AM. The public issue subscribed 2.21 times in the retail category, times in the QIB category, and 1.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 1.50 |
Retail | 2.21 |
Total | 1.85 |
Listing Date | June 28, 2021 |
BSE Script Code | 543309 |
NSE Symbol | |
ISIN | INE0H8J01015 |
Final Issue Price | ₹25 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹25.00 |
₹25.25 |
₹25.10 |
₹25.50 |
₹25.15 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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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 share. The minimum order quantity is 6000 Shares.
The IPO opens on June 15, 2021, and closes on June 18, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Adeshwar Meditex IPO using UPI as a payment gateway. Zerodha customers can apply in Adeshwar Meditex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Adeshwar Meditex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Adeshwar Meditex IPO opens on June 15, 2021 and closes on June 18, 2021.
Adeshwar Meditex IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
You can apply in Adeshwar Meditex IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Adeshwar Meditex IPO will be done on Wednesday, June 23, 2021, and the allotted shares will be credited to your demat account by Friday, June 25, 2021. Check the Adeshwar Meditex IPO allotment status.
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