Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Tue, Jun 15, 2021 - Fri, Jun 18, 2021
Adeshwar Meditex IPO is a fixed price issue of ₹9.75 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹9.75 crore.
Adeshwar Meditex IPO bidding started from Jun 15, 2021 and ended on Jun 18, 2021. The allotment for Adeshwar Meditex IPO was finalized on Jun 23, 2021. The shares got listed on BSE SME on Jun 28, 2021.
Adeshwar Meditex IPO price is ₹25 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Adeshwar Meditex IPO RHP for detailed Information.
IPO Open
Tue, Jun 15, 2021
IPO Close
Fri, Jun 18, 2021
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹36.08 Cr
| IPO Date | 15 to 18 Jun, 2021 |
| Listed on | Mon, Jun 28, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,00,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 2,04,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.5100 Cr) |
| Fresh Issue (Ex Market Maker) | 36,96,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 36,96,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 1,05,31,426 shares |
| Share Holding Post Issue | 1,44,31,426 shares |
| BSE Script Code | 543309 |
| ISIN | INE0H8J01015 |
Adeshwar Meditex IPO comprises a total issue size of 39,00,000 shares. The net offer to the public is 36,96,000 shares, after excluding 2,04,000 shares allotted on a firm basis. Of the Net offer 18,48,000 (50.00%) allocated to NII 18,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,48,000 | 50.00% | 47.38% |
| Retail Shares Offered | 18,48,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,04,000 | 5.23% | |
| Total Shares Offered | 39,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part Repayment of Loans | 2.00 |
| 2 | Funding Working capital requirements | 5.27 |
| 3 | General Corporate Purpose | 2.06 |
The Adeshwar Meditex IPO is subscribed 1.85 times on June 18, 2021 6:49:00 AM (Day 4). The public issue subscribed 2.21 times in the retail category, [.] times in the QIB category, and 1.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.5 | 18,48,000 | 27,66,000 |
| Retail | 2.21 | 18,48,000 | 40,86,000 |
| Total | 1.85 | 36,96,000 | 68,52,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.33 |
| 2 | Brokerage and selling commission | 0.02 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.01 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.25 |
| Low | ₹25.10 |
| High | ₹25.50 |
| Last Trade | ₹25.15 |
Lead Manager Reports
Adeshwar Meditex IPO is a SME IPO of 39,00,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Jun 15, 2021, and closes on Fri, Jun 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 Tue, Jun 15, 2021 and closes on Fri, Jun 18, 2021.
Adeshwar Meditex IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Adeshwar Meditex IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Jun 25, 2021. Check the Adeshwar Meditex IPO allotment status.
The Adeshwar Meditex IPO listing date is on Mon, Jun 28, 2021.
