Adeshwar Meditex IPO – Review, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 15, 2022Let’s have a detailed review of the company and analytics of the Adeshwar Meditex Limited IPO release date, IPO offer price, subscription, Adeshwar Meditex IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 25 |
| Listing At | BSE SME |
| Min. Order Quantity | 6000 Shares |
| Listing Date | Jun 28, 2021 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs Lakhs |
| IPO Size | Rs 975 Lakhs |
| Tick Size | 1 |
Adeshwar Meditex Limited IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Adeshwar Meditex IPO – Summary
Adeshwar Meditex Limited is an Indian company, 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, etc.
They have their manufacturing facility situated at Deewan Industrial Estate, Palghar District. Their state-of-the-art manufacturing plant follows WHO-GMP, CE, ISO guidelines, and they are backed by an advanced production facility, which is fitted with the latest machinery and well-organized and arranged sterilization facilities. They endeavor to maintain safety in their premises by adhering to key safety norms.
The Promoter of this company is Siddharth Talati. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Adeshwar Meditex IPO Date
The opening and the closing date of the IPO of Adeshwar Meditex Limited are Jun 15, 2021, and Jun 18, 2021, respectively.
Adeshwar Meditex IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 15 Jun | 1.40x | 0.51x | 0.95x |
| 2nd Day – 16 Jun | 1.43x | 0.99x | 1.21x |
| 3rd Day – 17 Jun | 1.45x | 1.37x | 1.41x |
| 4th Day – 18 Jun |
1.45x | 1.61x | 1.53x |
| Shares Offered or Net Issue | 1,848,000 | 1,848,000 | 3,696,000 |
The shares subscribed by the public will be updated here.
Adeshwar Meditex IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Adeshwar Meditex IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jun 23, 2021 |
| Refunds Initiation | Jun 24, 2021 |
| Credit of Shares to Demat Account | Jun 25, 2021 |
| Share Listing Date | Jun 28, 2021 |
Adeshwar Meditex IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.25
Adeshwar Meditex IPO Equity Size
This Initial Public Issue of 39,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.25 per equity share aggregating to Rs.975 Lakhs.
Adeshwar Meditex IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 36,96,000 equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakhs
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Adeshwar Meditex IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Adeshwar Meditex Limited Share Price |
Adeshwar Meditex IPO GMP
The Adeshwar Meditex Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Adeshwar Meditex IPO – Company Overview
They have dedicated teams actively involved in R&D and QC/ QA Lab activities. These functions have been impeccably streamlined and thus assure swift production and post-production processes and enable us to support their growth strategy by developing new products and processes which enhance their product range.
The focus of their R&D has been to strive for continuous process improvements which will cater to the requirements of global patients from the point of view of effectiveness and safety besides achieving manufacturing cost efficiencies. Their company has registered 18 trademarks in India.
They cater to both, the domestic as well as international markets. It is noteworthy that their products are exported to several countries against tenders and promoted to private markets through Marketing Agents and Distributors.
Adeshwar Meditex IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||
| 31-Mar-20 | Mar-19 | Mar-18 | |
| Total Assets | 5,480.65 | 4,386.71 | 3,281.38 |
| *Total Revenue | 172.74 | 138.51 | 133.92 |
| Total Expense | 5,358.39 | 5,162.16 | 5,511.21 |
| Profit After Tax | 201.49 | 225.10 | 256.08 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic | 2.00 | 2.26 | 2.96 |
| Diluted | 2.00 | 2.26 | 2.96 |
Further, their PAT for the period ended on March 31, 2020, March 31, 2019, and March 31, 2018, were Rs 201.49 lakhs, Rs.225.10 lakhs, and Rs.256.08 lakhs respectively.
Adeshwar Meditex IPO – Promoters
The Promoter of this company is:
- Mr. Siddharth Talati
List of Related Parties (Key Managerial Personnel)
- Mrs. Sucheta Talati – Non-Executive Director
- Mr. Ashalata Raut – Whole-Time Director
- Hajari Lal Saini – Non – Executive Independent Director
Adeshwar Meditex Limited IPO – Promoters Holding
- Mr. Sucheta Talati – 28,53,449 Eq Shares.
- Mr. Krishnojirao Nagaraja Rao – 8,45,000 Eq Shares.
- Mrs. Ashalata Raut – 4,38,222 Eq Shares.
Adeshwar Meditex IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 39,00,000 Equity Shares aggregating up to Rs.[●] Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakhs |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Adeshwar Meditex IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Adeshwar Meditex Limited IPO – Business Strategy
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
- Creating awareness to reduce carbon emissions
Adeshwar Meditex IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Assurance, timely payment, and delivery
- Broad customer base and strong relationships with their customers
- Multiple Business verticals under one roof
- Qualified management team and employee base
- Increased competition in Wound Care Industry.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 2.00 | 10.71 | 38.37 |
| 31-Mar-19 | 2.26 | 14.25 | – |
| Mar-18 | 2.96 | 18.90 | – |
Adeshwar Meditex Limited IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Adeshwar Meditex Limited | 10 | [●] | 2.35 | 38.37 | 5,639.26 |
| Listed Peers | |||||
| X | NA | – | NA | NA | – |
Adeshwar Meditex IPO – Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg Fort, Mumbai – 400 001 Tel No.: +91 22 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Shweta Kothari / Hiral Motani SEBI Registration No. INM000011344 |
Adeshwar Meditex IPO – Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel. No.: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Babu Raphael SEBI Registration No.: INR000001385 |
Adeshwar Meditex IPO – Other Details
- Statutory Auditor – M/s. H. M. Shah & Co., Chartered Accountants
- Legal Counsel to the Company – A. A. Maniyar (Advocate)
- Bankers to the Company – NA
Adeshwar Meditex IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Adeshwar Meditex Limited IPO News
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Adeshwar Meditex IPO Review FAQs
Ques – What is the Issue Size of Adeshwar Meditex Limited IPO?
Answer – The Company is making an initial public offer of 39,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Cash Price of Adeshwar Meditex Limited IPO?
Answer – The Cash Price for this particular IPO, i.e. Adeshwar Meditex Limited IPO is Rs. 25. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Adeshwar Meditex Limited IPO Open Date?
Answer – The opening and closing date for Adeshwar Meditex Limited IPO have been updated. The IPO is set to open on Jun 15, 2021, while the closing date is set at Jun 18, 2021.
Ques – What is the Adeshwar Meditex Limited IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of Adeshwar Meditex Limited IPO. Basis of Allotment finalization is on Jun 23, 2021, refund initiation is on Jun 24, 2021, credit of shares is on Jun 25, 2021, and share listing date is on Jun 28, 2021.
Ques – What is the Adeshwar Meditex Limited IPO Listing Date?
Answer – Shares of Adeshwar Meditex Limited shall be listed in the exchanges on Jun 28, 2021. The date when the listing would be done is stagnant on Jun 28, 2021.
Ques – Who is the Registrar of Adeshwar Meditex IPO?
Answer – One of the reputed registrars is managing the issue of Adeshwar Meditex Limited IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Adeshwar Meditex IPO?
Answer – Here are the promoters of Adeshwar Meditex Limited –Mr. Siddharth Talati You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Adeshwar Meditex Ltd IPO?
Answer – They have obtained the GMP of Adeshwar Meditex Limited IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Adeshwar Meditex Ltd IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Adeshwar Meditex?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is 201.49, 2019 is 225.10, 2018 is NA. PAT from Sep 2020 is 256.08.
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