About the Company:
Adeshwar Meditex Limited is 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.
Company is an ISO 13485:2016 certified and has a manufacturing facility situated at Deewan Industrial Estate, Palghar District.
Company’s state-of-the-art manufacturing plant follows WHO-GMP, CE, ISO guidelines and are backed by an advanced production facility, which is fitted with latest machinery and well organized and arranged sterilization facilities.
Company has positioned themselves as a multi-product and multi market player ensuring that our products include a diverse mix of sterile surgical wound dressing products and medical disposables.
Company’s products are very well accepted by the medical fraternity and are supplied all over India to Central and State Government Health Departments, Corporate Hospitals, Institutions, Nursing Homes and Retailing Chemists.
Company’s Product Portfolio:
- Gauze Dressings.
- Bandages.
- Tulle Dressings.
- Adhesive Dressings.
- Antiseptics/ Disinfectants.
- Medical Gloves, First Aid Kit, PPE Kit.
Company’s Installed Capacity & Capacity Utilization:
Revenue from Top 10 Customers: (in Lakhs)
Breakup of Revenue from Domestic & Export Sales:
Management Team:
- Mr. Siddharth Talati (Designation: Chairperson & Managing Director)
- Mr. Krishnojirao Nagaraja Rao (Designation: Whole – Time Director)
Objectives of the Issue:
- Part Repayment of Loans
- Funding Working capital requirements
- General Corporate Purpose.
Positives for the Company:
Wide Range of products.
Company is 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.
These products are widely used in hospitals, home care and at the offices. We supply first-aid kits to the car manufacturers like Bajaj Auto ltd, depending on their specific requirements.
Company also manufactures absorbent cotton gauzes and PPE kits which are supplied to different organizations.
Well established client relationship.
Company has positioned itself as a multi-product and multi market player ensuring that our products include a diverse mix of sterile surgical wound dressing products and medical disposables.
With its long standing operations and quality products, company has built a strong customer base and established an unyielding marketing setup. Company’s products are very well accepted by the medical fraternity and are supplied all over India to Central and State Government Health Departments, Corporate Hospitals, Institutions, Nursing Homes and Retailing Chemists.
Caters to both, the domestic as well as international markets.
Company caters to both, the domestic as well as international markets. Company’s products are exported to several countries against tenders and promoted to private markets through Marketing Agents and Distributors.
The total exports of the company for nine months period ending December 2020 and the last two fiscal years i.e. 2019-20, and 2018-19 was Rs.5.6 crores , Rs.3.9 crores and Rs.5.8 crores respectively representing 10.94%, 7.03% and 11.05% of our total sales respectively.
Plans to Increase penetration into domestic and international markets.
Company caters to both, the domestic as well as international markets. We aim to further develop our domestic sales networks in two ways: firstly nurturing existing relationships with clients and secondly by creating new distribution channels in nonpenetrated geographies considering various cities.
Financials of the Company:
| (in Crores) | FY 18 | FY 19 | FY 20 | 31st Dec 2020 |
|---|---|---|---|---|
| Revenue | 58.69 | 54.73 | 56.39 | 52.08 |
| Net Profit | 2.56 | 2.25 | 2.01 | 1.38 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Adeshwar Meditex Ltd | 10 | 1.32 | 18.94 | 6.88% | 19.18 |
| KMS Medisurgi Ltd | 10 | 0.34 | 100.00 | 1.77% | 19.23 |
| Mohini Health & Hygiene Ltd | 10 | 3.46 | 10.75 | 8.73% | 39.66 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 15th June 2021 |
| Issue Closes on:. | 18th June 2021 |
| Issue Price | Rs.25 |
| Face Value | Rs.10 |
| Minimum Lot | 6000 Shares |
| Minimum Investment | Rs.1,50,000 |
| Issue Constitutes | 27.02% |
| Issue Size | Rs.9.75 cr |
| Market Cap | Rs.36.07 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 39,00,000 |
| Equity Shares Prior to the Issue | 1,05,31,426 |
| Equity Shares after the issue | 1,44,31,426 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 23rd June 2021 |
| Initiation of Refunds | on or Before 24th June 2021 |
| Credit of Equity Shares: | on or Before 25th June 2021 |
| Listing Date: | on or Before 28th June 2021 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.32 | 18.94 | 6.88% | 19.18 |
| Company Contact Info: |
|---|
| Adeshwar Meditex Limited 605, 6th floor, Plot-99, Niranjan Building, Bhagwan Todi Bal Udyan Marg, Marine Lines Railway Station, Marine Drive, Mumbai – 400002. Tel No.: 022-022674137 / 38 Email ID: info@adeshwarmeditex.com Website: www.adeshwarmeditex.com |
| IPO Registrar Info: |
|---|
| 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 |
| Lead Manager to the Issue: |
|---|
| 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 |
