Adeshwar Meditex Limited is an Indian-based company that specializes in manufacturing surgical dressings and external preparations. Its product line includes sterile surgical wound dressings, tulle dressings, adhesive bandages, medical disposables, absorbent gauze, disinfectants, plasters, medical kits, and other related products.
The company serves both domestic and international markets, which suggests that it has a wide-reaching presence. This is a positive indication for investors as it could potentially lead to opportunities for growth and expansion of the company’s business.
Adeshwar Meditex IPO Details
| IPO Date | Jun 15, 2021 to Jun 18, 2021 |
| Listing Date | Monday, June 28, 2021 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Issue Size | 3,900,000 shares of ₹10 (aggregating up to ₹9.75 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Adeshwar Meditex IPO Tentative Timetable
| Event | Tentative Date |
| Opening Date | Jun 15, 2021 |
| Closing Date | Jun 18, 2021 |
| Basis of Allotment | Jun 23, 2021 |
| Initiation of Refunds | Jun 24, 2021 |
| Credit of Shares to Demat | Jun 25, 2021 |
| Listing Date | Jun 28, 2021 |
Industry Overview
The process of wound healing is intricate and constantly changing, and it necessitates an appropriate environment to encourage the healing process. With the progress in technology, over 3000 products have been created to address diverse wound types by targeting different aspects of the healing process. The Indian advanced wound care management market is approximated to be worth US$ 227.2 million as of 2020 and is predicted to demonstrate a compound annual growth rate (CAGR) of 5.5% throughout the projection period of 2020-2027.
Company Financials
| 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 |
Objects of the Issue
The net IPO proceeds will be used towards the following purposes;
- To make partly repayment of loans.
- To finance company’s working capital requirements.
- To meet general corporate purposes.
Adeshwar Meditex IPO Prospectus
Company Contact Information
Adeshwar Meditex Limited
605, 6th floor, Plot-99, Niranjan Building
Bhagwan Todi Bal Udyan Marg
Marine Lines Railway Station, Marine Drive, Mumbai
Phone: 022-22674137 / 38
Email: info@adeshwarmeditex.com
Website: http://www.adeshwarmeditex.com/
Adeshwar Meditex IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Adeshwar Meditex IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
