Entero Healthcare Solutions Ltd

Retail

Offer Period :

9th to 2nd Feb 2024

Established in 2018, Entero Healthcare Solutions is a leading healthcare product distributor in India. Serving over 81,400 pharmacies and 3,400 hospitals, they have relationships with 1,900 manufacturers and  Read more... operate 73 warehouses. With a technology-driven platform, they've employed 3,014 individuals as of March 31, 2023.Read less

Entero Healthcare Solutions Ltd IPO Details

IPO Date 9th to 2nd Feb 2024 Minimum Investment ₹13838 / 1 Lots
Listing Date 2024-02-16 Maximum Investment ₹193732 / 14 Lots
Face Value ₹10 per share Total Issue Size ₹1600 Crores
Price ₹1258 to ₹1258 per share Fresh Issue ₹1000 Crores
Lot Size 1 Lots (11 Shares) Offer For Sale ₹ 600
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0.76    
IPO Date 9th to 2nd Feb 2024
Listing Date 2024-02-16
Face Value ₹10 per share
Price ₹1258 to ₹1258 per share
Lot Size 1 Lots (11 Shares)
Listing At BSE, NSE
Employee Discount ₹0.76 Crores
Minimum Investment ₹13838 / 1 Lots
Maximum Investment ₹193732 / 14 Lots
Total Issue Size ₹1600 Crores
Fresh Issue ₹1000 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

9th Feb

IPO Starts

13th Feb

IPO Ends

14th Feb

Allotment Date

15th Feb

Initiation of Refund

15th Feb

Credit of Shares to Demat Account

16th Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 77.11 0
Public Group 22.89 100

Entero Healthcare Solutions Ltd IPO Reservation

QIB Shares Offered 3796502(29.85%)
NII (HNI) Shares Offered 1898251(14.92%)
Retail Shares Offered 1265501(9.95%)
Anchor Investor Shares Offered 5694754(44.78%)
Total Shares Offered 12718601
Total Shares With Anchor Investor 12718601

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Entero Healthcare Solutions Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 8108114949
Email Id enterohealthcare.ipo@linkintime.co.in
Our 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

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Entero Healthcare Solutions Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Entero Healthcare Solutions Ltd

1. The Company operates in the large and highly fragmented Indian healthcare products distribution market and expect to benefit from market consolidation.

2. The Company is one of India's largest and fastest growing healthcare products distribution platforms.

3. The Company has a track record of inorganic expansion and integration to grow its geographic reach, revenues and scale.

4. The Company has a differentiated business model offering comprehensive and integrated commercial and supply chain solutions.

5. The Company has a proprietary technology platform with integrated business intelligence tools and solutions.

6. 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

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. The company has experienced losses in the Financial Years 2021, 2022 and 2023, and the six months ended September 30, 2022.

7. 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.

8. Its private label business may not be successful.

9. 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.

10. 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.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 1308.73 1125.98 833.79
Total Liabilities 1308.73 1125.98 833.79
Total Expenses 3309.41 2546.36 1794.51
Total Revenue 
3305.72 2526.55 1783.67
Profit After Tax -11.56 -29.92 -15.54
EBITDA 69.52 28.92 25.48
Adjusted EBITDA 0 0 0

Entero Healthcare Solutions Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-16 544122 ENTERO
INE010601016
₹1258 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹1258 ₹1258
Open ₹1245 ₹1228.7
Low ₹1141.8 ₹1141
High ₹1258 ₹1258
Low ₹1141.8 ₹1141

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. Link 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 Link 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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