Adeshwar Meditex Limited 339th Company to get listed on BSE SME Platform

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Adeshwar Meditex Limited 339th Company to get listed on BSE SME Platform

Adeshwar Meditex Limited 339th Company to get listed on BSE SME Platform. SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.

Adeshwar Meditex Limited became the 339th company to get listed on the BSE SME Platform on June 28, 2021Adeshwar Meditex Limited came out with an initial public offering of 39,00,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.25 Per Equity Share (The “Offer Price”), Aggregating to Rs. 9.75 Crore. The company has successfully completed its public issue on June 18, 2021.

Adeshwar Meditex Limited is a Maharashtra based company whose registered office is at Mumbai, Maharashtra. The company engaged in the business of 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.

Mumbai based Aryaman Financial Services Limited, was the lead manager to Adeshwar Meditex Limited

So far, 104 companies have migrated to the main board. The 338 companies listed on BSE SME Platform have raised Rs.3,502.13 crore from the market and total market capitalization of 338 companies as on June 25, 2021 is Rs. 27,849.53 Crore. BSE is the market leader in this segment with a market share of 61 percent.

The response since the launch of this platform by BSE has been very positive till date.

Posted in BSE

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