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Entero Healthcare Solutions Ltd

Entero Healthcare Solutions Ltd IPO Details

Listing Date

16 Feb 2024

Bid Price

₹1258 - ₹1,258

Lot Size

11 Shares

Minimum Investment

₹13,838 / Lot

Issue Size

₹1600 Crores

Employee Discount

₹119 per share

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Bidding starts

9th Feb

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Bidding ends

13th Feb

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Allotment of shares

14th Feb

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Initiation of refund

15th Feb

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Credit of shares to Demat account

15th Feb

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Listing date

16th Feb

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 77.11% 0%
Public Group 22.89% 0%

Entero Healthcare Solutions Ltd IPO Reservation

QIB Shares Offered 37,96,502 (29.85%)
NII (HNI) Shares Offered 18,98,251 (14.92%)
Retail Shares Offered 12,65,501 (9.95%)
Anchor Investor Shares Offered 56,94,754 (44.78%)
Total Shares Offered 1,27,18,601
Total Shares With Anchor Investor 1,27,18,601

Entero Healthcare Solutions Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 11 ₹13,838
Retail (Max) 14 154 ₹1,93,732
S HNI (Min) 15 165 ₹2,07,570
S HNI (Max) 72 792 ₹9,96,336
B HNI (MIN) 73 803 ₹10,10,174

Entero Healthcare Solutions Ltd IPO registrar

MUFG Intime India Pvt Ltd
Phone Number +91 8108114949
Email Id enterohealthcare.ipo@linkintime.co.in
Website www.linkintime.co.in

Entero Healthcare Solutions Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. Dam Capital Advisors Ltd

3. Jefferies India Pvt Ltd

4. JM Financial Ltd

5. SBI Capital Markets Ltd

Entero Healthcare Solutions Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹1,724.15 cr ₹1,638.06 cr ₹595.03 cr
Reserves and Surplus ₹1,680.64 cr ₹1,594.56 cr ₹590.91 cr
Total Borrowing ₹298.81 cr ₹275.55 cr ₹373.52 cr

Entero Healthcare Solutions Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 38,08,069 86,86,172 2.28
Non Institutional Investors (NIIs) 19,60,609 4,26,756 0.22
NII(Bid amount of more than Ten Lakh Rupees) 13,07,072 2,13,895 0.16
NII(Bid amount of more than 2 Lakh < 10 Rupees) 6,53,537 2,12,861 0.33
Retail Individual Investors (RIIs) 13,07,073 17,43,885 1.33
Total 71,50,100 1,09,49,884 1.53

Strength of Entero Healthcare Solutions Ltd

  • The Company operates in the large and highly fragmented Indian healthcare products distribution market and expect to benefit from market consolidation.
  • The Company is one of India's largest and fastest growing healthcare products distribution platforms.
  • The Company has a track record of inorganic expansion and integration to grow its geographic reach, revenues and scale.
  • The Company has a differentiated business model offering comprehensive and integrated commercial and supply chain solutions.
  • The Company has a proprietary technology platform with integrated business intelligence tools and solutions.
  • The Company has a experienced, committed and qualified founding and professional management team with deep industry expertise and backed by healthcare focused investor.

Risks Involved

  • Since its inception, the company has completed a number of acquisitions of distributors in India to expand its business and increase its customer base, and may continue to complete more acquisitions in the future. However, its may be unable to realize the anticipated benefits of past or future acquisitions successfully. Further, if the company is unable to identify expansion opportunities or experience delays or other problems in implementing our strategy of inorganic growth, its business, financial condition, results of operations, cash flows and prospects may be adversely affected.
  • The company has experienced negative cash flows from operating, investing and financing activities in the past and may continue to do so in the future.
  • The company may incur losses and its reputation may be adversely affected by the return of the company products by customers, arising from the distribution of expired, unsafe, defective, ineffective or counterfeit products, and product spoilage, breakage and damage during transportation or in storage. Its may also be subject to product liability claims.
  • Its lenders have imposed certain restrictive conditions on it under the company financing arrangements, which may adversely affect its ability to conduct its business and impair the company future growth plans.
  • Its operations are subject to high working capital requirements, and have incurred substantial indebtedness. Its inability to maintain an optimal level of working capital or financing required may impact its operations and profitability adversely.
  • The company has experienced losses in the Financial Years 2021, 2022 and 2023, and the six months ended September 30, 2022.
  • The company has pledged equity shares of certain of its Subsidiaries in favor of certain lenders and if events of default arise under the financing agreements, such lenders could invoke the relevant share pledge agreements, adversely affecting its business, results of operations, cash flows and prospects.
  • Its private label business may not be successful.
  • The Price Band, Offer Price, market capitalization to total revenue, total assets and EBITDA/EV based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.
  • Its funding requirements and proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised by any bank or financial institution or any other independent agency, and may be subject to change based on various factors, some of which are beyond its control.
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Frequently Asked Questions

What is Entero Healthcare Solutions Ltd IPO?

Answer Field

Entero Healthcare Solutions Ltd IPO is a Mainboard IPO of 1,27,18,601 equity shares of a face value of ₹10 aggregating up to ₹1600 Crores. The issue is priced at ₹1258 to ₹1258 per share. The minimum order quantity is 11 Shares. The IPO opens on February 09, 2024, and closes on February 13, 2024. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Entero Healthcare Solutions Ltd IPO will open?

Answer Field

The Entero Healthcare Solutions Ltd IPO opens on February 09, 2024 and closes on February 13, 2024.

What is the lot size of Entero Healthcare Solutions Ltd?

Answer Field

Entero Healthcare Solutions Ltd lot size is 11 shares, and the minimum amount required is ₹13,838.

How to apply for Entero Healthcare Solutions Ltd IPO?

Answer Field

You can apply in Entero Healthcare Solutions Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Entero Healthcare Solutions Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Entero Healthcare Solutions Ltd IPO will be done on February 14, 2024, and the allotted shares will be credited to your demat account by February 15, 2024.

When is Entero Healthcare Solutions Ltd IPO listing date?

Answer Field

The Entero Healthcare Solutions Ltd listing date is February 16, 2024.

Who is the registrar of Entero Healthcare Solutions Ltd IPO?

Answer Field

The registrar of Entero Healthcare Solutions Ltd IPO is MUFG Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Dam Capital Advisors Ltd,Jefferies India Pvt Ltd,JM Financial Ltd,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Entero Healthcare Solutions Ltd IPO?

Answer Field

The fresh issue size is ₹1000 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Entero Healthcare Solutions Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 11 shares and ₹13,838 amount.

How can I approve the UPI mandate request for Entero Healthcare Solutions Ltd IPO?

Answer Field

To apply for Entero Healthcare Solutions Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Entero Healthcare Solutions Ltd?

Answer Field

The price of each Entero Healthcare Solutions Ltd share will be ranging in between ₹1258 to ₹1258 per share.

What is the cut-off time for the UPI mandate for Entero Healthcare Solutions Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 13, 2024.

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