IPO Issue Details
Issue Price / Price Band₹25 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size39,00,000 shares (aggregating up to ₹9.75 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 15 Jun 2021
Subscription CloseFri, 18 Jun 2021
Anchor AllotmentMon, 14 Jun 2021
Basis of AllotmentWed, 23 Jun 2021
Initiation of RefundsThu, 24 Jun 2021
Credit of Shares to DematFri, 25 Jun 2021
Listing DateMon, 28 Jun 2021
UPI Mandate Deadline2021-06-18
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 6,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 12,000 shares
Net Offer to Public36,96,000 shares (aggregating up to ₹9.24 Cr)
Reserved for Market Maker2,04,000 shares (aggregating up to ₹0.5100 Cr)
Pre-IPO Promoter Holding1,05,31,426 shares
Post-IPO Promoter Holding1,44,31,426 shares
About Adeshwar Meditex Ltd.
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 StrengthsExperienced promoters and managers team.Large product portfolio.Global market presence.Strong quality control and service standards.
Objects of the Issue
Adeshwar Meditex Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To make partly repayment of loans.
2
To finance company's working capital requirements.
3
To meet general corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,05,31,426 shares
Post-IPO Promoter Holding
1,44,31,426 shares