Entero Healthcare IPO: Entero Healthcare Solutions Limited IPO Details

Entero Healthcare Solutions, a leading player in the healthcare industry, is gearing up for its Initial Public Offering (IPO) to raise capital for expansion and other corporate purposes. This IPO, scheduled from February 9, 2024, to February 13, 2024, has garnered significant attention from investors due to its promising financials and growth prospects. Let’s delve into the details of this anticipated IPO.

Overview of Entero Healthcare Solutions IPO

  • Issue Details:
    • Total Issue Size: ₹1,600.00 crores
    • Fresh Issue: 7,949,125 shares, aggregating to ₹1,000.00 crores
    • Offer for Sale: 4,769,475 shares, aggregating to ₹600.00 crores
  • Important Dates:
    • IPO Open Date: February 9, 2024
    • IPO Close Date: February 13, 2024
    • Basis of Allotment: February 14, 2024
    • Listing Date: February 16, 2024
  • Price Band: ₹1,195 to ₹1,258 per share
  • Lot Size: 11 shares

Also Read: Upcoming IPO in India

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Entero Healthcare Solutions IPO Details

ParameterDetails
IPO DateFebruary 9, 2024 to February 13, 2024
Basis of AllotmentFebruary 14, 2024
Listing DateFebruary 16, 2024
Face Value₹10 per share
Price Band₹1,195 to ₹1,258 per share
Lot Size11 Shares
Total Issue Size12,718,600 shares
Fresh Issue7,949,125 shares
Offer for Sale4,769,475 shares
Employee Discount₹119 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding Pre-Issue16,066,886 shares
Shareholding Post-Issue24,016,011 shares

IPO Reservation

  • QIB Shares Offered: Not less than 75% of the Net Issue
  • Retail Shares Offered: Not more than 10% of the Net Issue
  • NII (HNI) Shares Offered: Not more than 15% of the Net Issue

Also Read: IPO GMP Today Price: All IPO GMP Today

Entero Healthcare Solutions IPO Lot Size

Investors can bid for a minimum of 11 shares and in multiples thereof.

ApplicationLotsSharesAmount
Retail (Min)111₹13,838
Retail (Max)14154₹193,732
S-HNI (Min)15165₹207,570
S-HNI (Max)72792₹996,336
B-HNI (Min)73803₹1,010,174

Entero Healthcare Solutions Financial Performance

Entero Healthcare Solutions witnessed impressive financial growth between March 31, 2022, and March 31, 2023, with a revenue increase of 30.84% and a profit after tax (PAT) rise of 62.28%.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,505.951,308.731,125.98833.79
Revenue1,898.983,305.722,526.551,783.67
Profit After Tax11.64-11.10-29.44-15.35
Net Worth660.54597.66563.22487.06
Total Borrowing488.68373.52285.03141.70
Amount in ₹ Crore

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

About Entero Healthcare Solutions Limited

Established in 2018, Entero Healthcare Solutions Limited specializes in the distribution of healthcare products across India. Leveraging a technology-driven platform, the company serves pharmacies, hospitals, and clinics nationwide.

Key highlights include:

  • Customer Base: Over 81,400 pharmacies and 3,400 hospitals
  • Product Range: Access to over 64,500 product stock-keeping units
  • Geographical Presence: 73 warehouses in 37 cities across 19 states and union territories
  • Employee Strength: 3014 employees across various departments

Objectives of Entero Healthcare Solutions IPO

The proceeds from the IPO will be utilized for the following purposes:

  1. Repayment/prepayment of certain borrowings.
  2. Funding long-term working capital requirements.
  3. Pursuing inorganic growth initiatives through acquisitions.
  4. General corporate purposes.

Also Read: When Can a Company Go for IPO in India

Registrar and Lead Managers

Registrar: Link Intime India Private Ltd

Lead Managers:

  • ICICI Securities Limited
  • Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
  • Jefferies India Private Limited
  • JM Financial Limited
  • SBI Capital Markets Limited

IPO Timeline

  • IPO Open Date: Friday, February 9, 2024
  • IPO Close Date: Tuesday, February 13, 2024
  • Basis of Allotment: Wednesday, February 14, 2024
  • Initiation of Refunds: Thursday, February 15, 2024
  • Credit of Shares to Demat: Thursday, February 15, 2024
  • Listing Date: Friday, February 16, 2024
  • Cut-off time for UPI mandate confirmation: 5 PM on February 13, 2024

The Entero Healthcare Solutions IPO presents an exciting opportunity for investors to participate in the growth story of a prominent player in the healthcare sector. With a robust financial performance and clear objectives for the utilization of funds, this IPO is poised to attract significant interest from both institutional and retail investors alike.

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