Adeshwar Meditex Ltd. logo

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 InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹150,0001160003.9 M₹2572.98 %₹97.5 MRHP DOC

Adeshwar Meditex IPO SUBSCRIPTION STATUS

18 Jun '21
Total1.85x
Retail Individual Investor2.21x
HNI (NII) Investors1.5x
Qualified Institutional Buyers-

Adeshwar 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

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
18 Jun 2021
(Day 4)
2.21x1.5x-
15 Jun 2021
(Day 1)
0.51x1.4x-
16 Jun 2021
(Day 2)
0.99x1.43x-
17 Jun 2021
(Day 3)
1.37x1.45x-

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

Total3.9 M
Fresh Issue3.9 M
Offer for Sale0
Post Issue Promoter Holding %72.98 %

Adeshwar Meditex IPO IMPORTANT DATES

Issue Open Date15 Jun 2021
Issue close Date18 Jun 2021
Allotment Date23 Jun 2021
Refund Date24 Jun 2021
Demat Account Credit Date25 Jun 2021
Listing Date28 Jun 2021
Listing on Exchange(s)BSE
Adeshwar Meditex Allotment StatusExchange

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 Price25.3
Listing Close Price25.1
Listing Gain%1.0%
Current Gain%-24.8%

Adeshwar Meditex Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Adeshwar Meditex Ltd.18.827.121.4-0.60.53.32.556.2-33.11.3-38.80.9-38.8
Tarsons Products Ltd.2911548.3139.5-2.33.52.21.2446.79.414.3-51.92.1-59.7
Hemant Surgical Industries Ltd.573.6747.941.113.26.6237.7112.718.2126.214
Fabtech Cleanrooms Ltd.445548.234.715.28.5221.746.915.81912.8
Prevest Denpro Ltd.376.4451.7221.5616.415.476.714.420.512.917.115
QMS Medical Allied Services Ltd.181.2350.329.4-0.41.911.45.6173.910.311.9-1.56.2-69.2

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

  1. To make partly repayment of loans
  2. To finance company's working capital requirements
  3. 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

Strength

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

Strength

Global presence

The company caters to both, the domestic as well as international market

Strength

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

Risk

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

Risk

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.