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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 ₹25.00 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). The minimum lot size investment for 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 Date | June 15, 2021 to June 18, 2021 |
| Listing Date | June 28, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,00,000 shares (aggregating up to ₹9.75 Cr) |
| Reserved for Market Maker | 2,04,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.5100 Cr) |
| Net Offered to Public | 36,96,000 shares (aggregating up to ₹9.24 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,05,31,426 shares |
| Share Holding Post Issue | 1,44,31,426 shares |
Adeshwar Meditex IPO offers total 39,00,000 shares. Out of which 18,48,000 (47.38%) allocated to NII, 18,48,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,04,000 (5.23%) |
| NII (HNI) Shares Offered | 18,48,000 (47.38%) |
| Retail Shares Offered | 18,48,000 (47.38%) |
| Total Shares Offered | 39,00,000 (100.00%) |
Adeshwar Meditex IPO opens on June 15, 2021, and closes on June 18, 2021.
| IPO Open Date | Tue, Jun 15, 2021 |
| IPO Close Date | Fri, Jun 18, 2021 |
| Tentative Allotment | Wed, Jun 23, 2021 |
| Initiation of Refunds | Thu, Jun 24, 2021 |
| Credit of Shares to Demat | Fri, Jun 25, 2021 |
| Tentative Listing Date | Mon, Jun 28, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 18, 2021 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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...
| Listing Date | June 28, 2021 |
| BSE Script Code | 543309 |
| NSE Symbol | |
| ISIN | INE0H8J01015 |
| Final Issue Price | ₹25 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.25 |
| Low | ₹25.10 |
| High | ₹25.50 |
| Last Trade | ₹25.15 |
Adeshwar Meditex Ltd.
605, 6th floor, Plot-99, Niranjan Building
Bhagwan Todi Bal Udyan Marg
Marine Lines Railway Station,
Mumbai, Maharashtra, 400002
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
Adeshwar Meditex IPO is a SME IPO of 39,00,000 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.
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, 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 Friday, June 25, 2021. Check the Adeshwar Meditex IPO allotment status.
The Adeshwar Meditex IPO listing date is on Monday, June 28, 2021.
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