- NEGATIVE
Annual Revenue Adeshwar Meditex Mar-2026 Annual Revenue is Rs 56 Cr which is growth of -33.1% YoY.
- NEGATIVE
Annual Net Profit Adeshwar Meditex Mar-2026 Annual Net Profit is Rs 1 Cr which is growth of -38.8% YoY.

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.
| Bidding Dates |
|---|
| 15 Jun 2021 - 18 Jun 2021 |
| Subscription |
|---|
| 1.85x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹150,000 | 1 | 1 | 6000 | 3.9 M | ₹25 | 72.98 % | ₹97.5 M | RHP DOC |
Adeshwar Meditex IPO SUBSCRIPTION STATUS
18 Jun '21Adeshwar Meditex IPO overall subscription rate was 1.85 times the total available shares
Adeshwar Meditex IPO retail subscription rate was 2.21 times in the retail segment
Adeshwar Meditex IPO non-institutional investor subscription rate was 1.5 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Jun 2021 (Day 4) | 2.21x | 1.5x | - |
15 Jun 2021 (Day 1) | 0.51x | 1.4x | - |
16 Jun 2021 (Day 2) | 0.99x | 1.43x | - |
17 Jun 2021 (Day 3) | 1.37x | 1.45x | - |
Adeshwar Meditex FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY21 | 13.9 | 517.9 | 20.1 | 17.7 |
| FY20 | 20.1 | 561.2 | 5.4 | 3.6 |
| FY19 | 22.5 | 529.2 | -58.7 | -63.0 |
| FY18 | 25.6 | 586.0 | -11.7 | -11.8 |
Adeshwar Meditex IPO SUBSCRIPTION STATUS DETAILS
Adeshwar Meditex had 3.9 M shares on offer
Adeshwar Meditex IPO offer price was ₹25
Adeshwar Meditex IPO minimum Investment was ₹150000
Adeshwar Meditex IPO issue size was ₹ 97.5 M
Adeshwar Meditex had a minimum lot size of 6000 Shares per application
Adeshwar Meditex NUMBER OF SHARES ON OFFER
Adeshwar Meditex IPO IMPORTANT DATES
| Issue Open Date | 15 Jun 2021 |
| Issue close Date | 18 Jun 2021 |
| Allotment Date | 23 Jun 2021 |
| Refund Date | 24 Jun 2021 |
| Demat Account Credit Date | 25 Jun 2021 |
| Listing Date | 28 Jun 2021 |
| Listing on Exchange(s) | BSE |
| Adeshwar Meditex Allotment Status | Exchange |
Adeshwar Meditex IPO subscription opened on 15 Jun 2021, and closed on 18 Jun 2021
IPO allotment for Adeshwar Meditex was finalized on Wednesday, 23 Jun 2021
IPO listing for Adeshwar Meditex was on BSE on Monday, 28 Jun 2021
Adeshwar Meditex IPO LISTING GAINS
| Issue Price (adjusted) | 25.0 |
| Listing Open Price | 25.3 |
| Listing Close Price | 25.1 |
| Listing Gain% | 1.0% |
| Current Gain% | -24.8% |
Adeshwar Meditex Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Adeshwar Meditex Ltd. | 18.8 | 27.1 | 21.4 | -0.6 | 0.5 | 3.3 | 2.5 | 56.2 | -33.1 | 1.3 | -38.8 | 0.9 | -38.8 |
| Tarsons Products Ltd. | 291 | 1548.3 | 139.5 | -2.3 | 3.5 | 2.2 | 1.2 | 446.7 | 9.4 | 14.3 | -51.9 | 2.1 | -59.7 |
| Hemant Surgical Industries Ltd. | 573.6 | 747.9 | 41.1 | 13.2 | 6.6 | 237.7 | 112.7 | 18.2 | 126.2 | 14 | |||
| Fabtech Cleanrooms Ltd. | 445 | 548.2 | 34.7 | 15.2 | 8.5 | 221.7 | 46.9 | 15.8 | 19 | 12.8 | |||
| Prevest Denpro Ltd. | 376.4 | 451.7 | 22 | 1.5 | 6 | 16.4 | 15.4 | 76.7 | 14.4 | 20.5 | 12.9 | 17.1 | 15 |
| QMS Medical Allied Services Ltd. | 181.2 | 350.3 | 29.4 | -0.4 | 1.9 | 11.4 | 5.6 | 173.9 | 10.3 | 11.9 | -1.5 | 6.2 | -69.2 |
Adeshwar Meditex annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 | Mar '17 | Mar '16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
-12.1% | -3.2% | 56.2 | 84 | 80 | 82.7 | 65 | 66.2 | 56.4 | 53.2 | 58.7 | 47.7 | 41 | ||
Operating Exp. Ann. | -11.6% | -2.7% | 53.3 | 79.3 | 74.7 | 77.2 | 61.4 | 61.2 | 50.7 | 47.5 | 53 | 44.5 | 38.4 | |
Operating Profit Ann. | -18.6% | -10.2% | 2.8 | 4.4 | 5.2 | 5.2 | 3.4 | 4.8 | 5.4 | 5.5 | 5.6 | 3 | 2.1 | |
OPM Ann. % | -7.8% | -7.3% | 4.92% | 5.20% | 6.47% | 6.27% | 5.19% | 7.17% | 9.57% | 10.29% | 9.61% | 6.35% | 5.07% | |
-12% | -3.1% | 54.4 | 81.2 | 77.2 | 79.8 | 63.8 | 63.8 | 53.6 | 50 | 55.1 | 45.8 | 39.3 | ||
EBITDA Ann. | -19.2% | -10.3% | 2.9 | 4.6 | 5.3 | 5.5 | 3.6 | 5 | 5.7 | 5.7 | 5.7 | 3.2 | 2.6 | |
EBITDA Ann. margin % | -8.4% | -7.6% | 5.11% | 5.51% | 6.64% | 6.64% | 5.54% | 7.57% | 10.06% | 10.77% | 9.78% | 6.65% | 6.24% | |
Interest Ann. | -34.1% | -22.9% | 0.6 | 1.3 | 1.9 | 2.1 | 2 | 2.2 | 2.5 | 2.2 | 1.8 | 0.9 | 0.5 | |
Depr. | -7.2% | 0% | 0.4 | 0.5 | 0.6 | 0.5 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | |
PBT Ann. | -14.7% | -6.4% | 1.8 | 2.8 | 2.8 | 2.9 | 1.2 | 2.5 | 2.8 | 3.2 | 3.6 | 1.9 | 1.7 | |
Tax Ann. | -9.1% | -3% | 0.6 | 0.7 | 0.8 | 0.8 | 0.4 | 0.7 | 0.8 | 0.9 | 1.1 | 0.6 | 0.6 | |
-14.8% | -6.3% | 1.3 | 2.1 | 2 | 2.1 | 0.8 | 1.8 | 2 | 2.3 | 2.5 | 1.3 | 1.1 | ||
Net Profit Ann. | -14.8% | -5.2% | 1.3 | 2.1 | 2 | 2.1 | 0.8 | 1.7 | 2 | 2.3 | 2.5 | 1.3 | 1.1 | |
NPM Ann. % | -3.6% | -2.4% | 2.25% | 2.46% | 2.51% | 2.51% | 1.22% | 2.54% | 3.59% | 4.27% | 4.33% | 2.67% | 2.63% | |
EPS Adj. latest Ann. | -13.7% | -5.6% | 0.9 | 1.4 | 1.4 | 1.4 | 0.6 | 1.2 | 1.4 | 1.6 | 1.8 | 0.9 | 0.7 |
Adeshwar Meditex INFORMATION ON IPO ISSUE
About Adeshwar Meditex
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.
Object of the Issue
- To make partly repayment of loans
- To finance company's working capital requirements
- To meet general corporate purposes
Adeshwar Meditex - PROMOTERS
| Name |
|---|
| Siddharth Talati |
Adeshwar Meditex Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Adeshwar Meditex Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Adeshwar Meditex Strengths
Wide Range of products
The company 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 et
Well established client relationship
With the long-standing operations and quality products, the company has built a strong customer base and established an unyielding marketing setup
Global presence
The company caters to both, the domestic as well as international market
Adeshwar Meditex Risks
Reliance on third parties
The company relies on third parties for contract labour and manpower required for the manufacture of our products, as well as for the performance of certain functions and services carried out at the manufacturing and office premises including waste management and facility management functions
Substantial indebtedness
The company has incurred substantial indebtedness in form of borrowings with a fixed repayment schedule as well as borrowings that are repayable on demand
IPO FAQs
The promoter of the company is Siddharth Talati.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 25.0 - 25.0.
The IPO application opens on Jun 15, 2021 and closes on Jun 18, 2021.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 150,000.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on Jun 23, 2021.
The refund will be credited to your account on Jun 24, 2021.
The allotted shares will be credited to your demat on Jun 25, 2021.
Adeshwar Meditex Ltd.’s shares listed on the stock exchanges on Jun 28, 2021.
