Entero Healthcare Solutions Limited IPO

Mainboard

Pharmacy Retail

Listed On: Feb 16, 2024 at ₹ 1228.70(NSE)

₹ 13838 /11 Shares

Check Allotment

Price Summary

Last Closing

1,315.00 (4.53%)

52 Week High

1,584.25

52 Week Low

991.10

Last Update

5-May-2025 3:30 PM

Entero Healthcare Solutions Limited IPO Details

09 Feb, 2024

Open Date

13 Feb, 2024

Close Date

14 Feb, 2024

Allotment Date

16 Feb, 2024

Listing Date

Issue Price

₹1195-1258 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

1228.70(NSE)

Listing Date

2024-02-16

Market Lot

Retail : 11 Shares (₹13,838/-)
S-HNI : 165 Shares (₹2,07,570/-)
B-HNI : 803 Shares (₹10,10,174/-)

Lead Manager

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

Issue Size

Total ₹1600 Cr :
#Fresh Issue : 7,949,125 shares(aggregating up to ₹1000.00 Cr) +
#OFS : 4,769,475 shares of ₹10(aggregating up to ₹600.00 Cr)

Retail Portion

10% (Number of Retail Applications: 1,15,046 Approx),
(Number of S-HNI Applications : 3,835 Approx),
(Number of B-HNI Applications : 7,670 Approx)

Subscription

1.53 times

IPO Docs

DRHP RHP ANCHOR

The IPO of Entero Healthcare Solutions Limited is priced at ₹1195-1258 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Entero Healthcare Solutions Limited IPO bid opening date is from Feb 9, 2024 and the bid closing date was Feb 13, 2024.
Entero Healthcare Solutions Limited IPO allotment result will be available on Feb 14, 2024. The tentative listing date for Entero Healthcare Solutions Limited is Feb 16, 2024.

The total issue size is Total ₹1600 Cr : #Fresh Issue : 7,949,125 shares(aggregating up to ₹1000.00 Cr) + #OFS : 4,769,475 shares of ₹10(aggregating up to ₹600.00 Cr).

As on	QIB	NII bNII sNII	Retail	Employee	Total
Shares Offered / Reserved	37,96,502	18,98,251 12,65,501 6,32,750	18,98,251	70,625	76,63,629
Day 1 - 09-02-24 05:00 PM	0.00 x	0.04 0.03 x 0.08 x	0.32 x	0.36 x	0.09 x
Day 2 - 12-02-24 05:00 PM	0.00 x	0.09 0.05 x 0.17 x	0.88 x	0.77 x	0.19 x
Day 3 - 13-02-24 05:00 PM	2.28 x	0.22 0.16 x 0.33 x	1.33 x	1.25 x	1.53 x

Total No. of Applications: 129,800 (Approx)

Entero Healthcare Solutions Limited Valuations

EPS Pre IPO

₹0.00/-

EPS Post IPO

₹9.70/-

P/E Pre IPO

P/E Post IPO

129.75

ROE

-2.66%

ROCE

6.06%

Debt/Equity

0.45

RoNW

-1.86%

Price to Book Value

7.22

Entero Healthcare Solutions Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	1,308.73	1,125.98	833.79
Revenue	3,305.72	2,526.55	1,783.67
Profit After Tax	-11.10	-29.44	-15.35
Net Worth	597.66	563.22	487.06
Total Borrowing	373.52	285.03	141.70

About The Company

Entero Healthcare Solutions Limited is a distributor of healthcare products in India. The company's technology-driven platform provides healthcare product distribution services to pharmacies, hospitals, and clinics throughout India.

During the fiscal years 2021, 2022, and 2023, the company served over 39,500, 64,200, and 81,400 retail customers, respectively. Additionally, they also served over 1,600, 2,500, and 3,400 hospital customers during the same period.

Entero Healthcare Solutions has relationships with over 1,900 healthcare product manufacturers, giving them access to over 64,500 product stock-keeping units as of March 31, 2023.

The company has 73 warehouses in 37 cities across 19 states and union territories, and its customer base includes over 81,400 pharmacies and 3,400 hospitals in 495 districts as of March 31, 2023. This provides excellent access to healthcare product manufacturers.

As of 31st March, 2023, the company employs a total of 3014 people in various departments.

Entero Healthcare Solutions Limited - Promoter(s)

Pre Issue Share Holding: 77.11%

Post Issue Share Holding: N/A%

Company Promoter(s)

Prabhat Agrawal
Prem Sethi
OrbiMed Asia III Mauritius Limited

Entero Healthcare Solutions Limited IPO - Issue Objectives

Repayment/prepayment, in full or part, of certain borrowings availed of by the company and our Subsidiaries.
Funding the long term working capital requirements.
Pursuing inorganic growth initiatives through acquisitions.
General corporate purposes.

Entero Healthcare Solutions Limited IPO - Anchor Investors

Entero Healthcare Solutions raises Rs 716 crore from anchor investors ahead of IPO.

Global marquee investors Smallcap World Fund Inc, Government of Singapore, Monetary Authority of Singapore, Carmignac Portfolio, CLSA Global, Societe Generale, Morgan Stanley, Goldman Sachs, and Copthall Mauritius Investment participated in the anchor book.

Among others, Amundi Funds, Jupiter India Fund, SBI General Insurance Company, Private Client Emerging Markets Portfolio, Magna Umbrella Fund, Bajaj Allianz Life Insurance, TT Emerging Markets Unconstrained Fund, and Allianz Global Investors Fund also invested in the company through anchor book.

Other Details

Company Contact Details

Entero Healthcare Solutions Limited

Plot No. I-35, Building - B, Industrial Area Phase - I, 13/7 Mathura Road, Faridabad 121 003

Phone: +91 22-69019100

Email: jayant.prakash@enterohealthcare.com

Website: https://www.enterohealthcare.com/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: enterohealthcare.ipo@linkintime.co.in

Website: https://linkintime.co.in/Initial_Offer/public-issues.html

Entero Healthcare Solutions Limited IPO - FAQs

Ans. Entero Healthcare Solutions Limited IPO is a Mainboard IPO. The issue is priced at ₹1195-1258 per equity share. The minimum order quantity is 11 Shares. The IPO opens on Feb 9, 2024, and closes on Feb 13, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Entero Healthcare Solutions Limited IPO opens on Feb 9, 2024 and closes on Feb 13, 2024.

Ans. The size of Entero Healthcare Solutions Limited IPO is Total ₹1600 Cr : #Fresh Issue : 7,949,125 shares(aggregating up to ₹1000.00 Cr) + #OFS : 4,769,475 shares of ₹10(aggregating up to ₹600.00 Cr).

Ans. The IPO price band is set between ₹1195-1258 per equity share.

Ans. To apply for Entero Healthcare Solutions Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Entero Healthcare Solutions Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Entero Healthcare Solutions Limited IPO is Feb 14, 2024.

Ans. The Entero Healthcare Solutions Limited IPO will be listed on Feb 16, 2024.

Ans. Follow the steps to check the allotment status for Entero Healthcare Solutions Limited IPO here.