Entero Healthcare Solutions Limited IPO
Entero Healthcare Solutions Limited IPO is listed on BSE and NSE, priced at ₹1195–₹1258 per share. The stock debuted at ₹1228.7. The IPO had a lot size of ₹11 shares and a minimum investment of ₹13,838.
Entero Healthcare Solutions Limited IPO
- IPO Dates
- Feb 9, 2024 – Feb 13, 2024
- Price band
- ₹1195-1258 per equity share
- Minimum Investment
- ₹13,838
- Issue size
- ₹1600 Cr
- Lot size
- 11
- Allotment Date
- Feb 14, 2024
- Listing
- Feb 16, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Feb 9, 2024
Open Date
Completed
-
Feb 13, 2024
Close Date
Completed
-
Feb 14, 2024
Allotment Date
Completed
-
Feb 16, 2024
Listing Date
Completed
Price Summary
- Last closing
- 1,163.60 (-7.5%)
- 52 week high
- 1,510.80
- 52 week low
- 944.00
- Last update
Entero Healthcare Solutions Limited IPO Essentials
Entero Healthcare Solutions Limited IPO Details
Entero Healthcare Solutions Limited IPO is priced at ₹1195-1258 per share with a total issue size of 1600 crore. The IPO has a lot size of 11 shares and is listed on BSE and NSE.
- Issue price
- ₹1195-1258 per equity share
- Lot size
- 11 shares
- Face value
- ₹10 Per Equity Share
- 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) - Total issue size
- 1,27,18,600 shares
(aggregating up to ₹1600 crore) - Fresh issue
- 79,49,125 shares
(aggregating up to ₹1000 crore) - Offer for sale (OFS)
- 47,69,475 shares
(aggregating up to ₹600 crore) - Listing at
- BSE, NSE
- List price
- 1228.70(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Jefferies India Private Limited, Jm Financial Limited, SBI Capital Markets Limited
Market Lot Size
Investors can bid for a minimum of 11 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 11 | ₹13,838 |
| Retail(max) | 14 | 154 | ₹1,93,732 |
| sHNI(min) | 15 | 165 | ₹2,07,570 |
| sHNI(max) | 72 | 792 | ₹9,96,336 |
| sHNI(min) | 73 | 803 | ₹10,10,174 |
Entero Healthcare Solutions Limited IPO Reservation
Entero Healthcare Solutions Limited IPO reservation details show category-wise allocation of shares. Out of the total 12,844,853 shares, approximately 29.65% are reserved for QIB, 15.26% for NII, 10.18% for retail investors, 0.58% for employees, and 44.33% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 5,694,753 (44.33%) | |
| QIB Shares Offered | 3,808,069 (29.65%) | |
| NII (HNI) Shares Offered | 1,960,609 (15.26%) | |
| bHNI > ₹10L | 1,307,072 (10.18%) | 7,921 |
| sHNI < ₹10L | 653,537 (5.09%) | 3,960 |
| Retail Shares Offered | 1,307,073 (10.18%) | 118,824 |
| Employee Shares Offered | 74,349 (0.58%) | |
| Total Shares Offered | 12,844,853 (100%) |
Entero Healthcare Solutions Limited IPO Analytics
Entero Healthcare Solutions Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Entero Healthcare Solutions Limited IPO Subscription Status
Entero Healthcare Solutions Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
0.04x
0.03x
0.08x
|
0.32 x | 0.36 x | 0.09 x |
|
Day 2
12-02-24 05:00 PM
|
0.00 x |
0.09x
0.05x
0.17x
|
0.88 x | 0.77 x | 0.19 x |
|
Day 3
13-02-24 05:00 PM
|
2.28 x |
0.22x
0.16x
0.33x
|
1.33 x | 1.25 x | 1.53 x |
Entero Healthcare Solutions Limited Valuations
Earnings
- EPS Pre IPO
- ₹0.00/-
- EPS Post IPO
- ₹9.70/-
- P/E Pre IPO
- 0
- P/E Post IPO
- 129.75
Returns
- ROE
- -2.66%
- ROCE
- 6.06%
- RoNW
- -1.86%
Fundamentals
- Debt / Equity
- 0.45
- Price / Book
- 7.22
Entero Healthcare Solutions Limited Financials( In Crs.)
| 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 |
Entero Healthcare Solutions Limited Company & Offer Insights
About Entero Healthcare Solutions Limited
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)
Prabhat Agrawal, Prem Sethi, OrbiMed Asia III Mauritius Limited are the company's promoters of Entero Healthcare Solutions 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.
Entero Healthcare Solutions Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Entero Healthcare Solutions Limited | -3.43 | -3.43 | 174.21 | N/A | -1.86 | N/A | Consolidated |
| Medplus Health Services Limited | 4.17 | 4.17 | 124.93 | 177.21 | 3.36 | 5.91 | Consolidated |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on NSE on August 28, 2023, divided by the Diluted EPS.
- Return on Net Worth (RoNW) (%) = Net Profit / (Loss) after tax/ Net worth (Total Equity) at the end of the year.
- NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
- Net asset value per share represents net worth as of the end of the relevant year divided by the number of equity share post conversion outstanding at the end of the respective year.
Contact Information
Contact Details
Entero Healthcare Solutions Limited
+91 22-69019100
jayant.prakash@enterohealthcare.com
https://www.enterohealthcare.com/
Plot No. I-35, Building - B, Industrial Area Phase - I, 13/7 Mathura Road, Faridabad 121 003
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Entero Healthcare Solutions Limited IPO is a book-built IPO worth ₹1600 crore. The price band is ₹1195–₹1258 per share. The IPO opens on Feb 9, 2024 and closes on Feb 13, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Entero Healthcare Solutions Limited IPO is ₹1195 to ₹1258 per share.
The lot size of Entero Healthcare Solutions Limited IPO is 11 shares.
The minimum investment for Entero Healthcare Solutions Limited IPO is approximately ₹13,838 based on the upper price band .
Entero Healthcare Solutions Limited IPO opens on Feb 9, 2024 and closes on Feb 13, 2024.
The allotment date of Entero Healthcare Solutions Limited IPO is Feb 14, 2024.
Entero Healthcare Solutions Limited IPO is expected to be listed on Feb 16, 2024, on BSE and NSE .
Entero Healthcare Solutions Limited IPO listed on Feb 16, 2024. It was issued at ₹1228.70(NSE) and is currently around ₹1163.60 as on 14-May-2026 3:30 PM, which is approximately -7.5% versus issue price. The 52-week high is ₹1,510.80.
Based on listing and post-listing performance, Entero Healthcare Solutions Limited IPO delivered around -7.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Entero Healthcare Solutions Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Entero Healthcare Solutions Limited IPO valuation snapshot: P/E 129.75, EPS ₹9.70/-, P/B 7.22, RoNW -1.86%, and market cap N/A.
To apply for Entero Healthcare Solutions Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Entero Healthcare Solutions Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Entero Healthcare Solutions Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Entero Healthcare Solutions Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Entero Healthcare Solutions Limited IPO allotment status on IPO Ji for quick and easy access.