Entero Healthcare Solutions IPO
The initial public offering (IPO) of Entero Healthcare Solutions will open for subscription on February 09 and close on February 13, comprising fresh issues of Rs. 1,000 Cr and offer for sale (OFS) of Rs 600. An investor can apply for the issue for a minimum of 11 shares and the listing will happen on February 16, 2024.
#1. Quick Intro to Entero Healthcare Solutions
Entero Healthcare Solutions Limited 2018) 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.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Entero Healthcare Solutions
The company intends to use the IPO Funds for the following purposes:
- Repayment/prepayment, in full or part, of certain borrowings availed by our company and our subsidiaries.
- Funding the long term working capital requirements.
- Pursuing inorganic growth initiatives through acquisitions.
- General corporate purposes.
#3. Entero Healthcare Solutions Core Strengths
- The company operates in the large and highly fragmented Indian healthcare products distribution market and expects to benefit from market consolidation.
- The company is one of India’s largest and fastest growing healthcare products distribution platforms.
- Track record of inorganic expansion and integration to grow our geographic reach, revenues and scale.
- Proprietary technology platform with integrated business intelligence tools and solutions.
- Experienced, committed and qualified founding and professional management team with deep industry expertise and backed by healthcare focused investors.
#4. Entero Healthcare Solutions IPO Review & Rating
| Issue Size | Rs.1,600 Crore |
|---|---|
| Issue Price | Rs.1195 to Rs.1258 per share |
| Minimum Lot Size | 11 Shares |
| Total Profit (March 2023) | Rs.-11.10 Crore |
| ROE | -2.66 |
| ROCE | 6.06 |
| Listing on | BSE NSE |
| IPO Deliver Rating | THREE |
#5. Entero Healthcare Solutions IPO Dates, Price Band & Details
Entero Healthcare Solutions IPO will open on February 09, 2024, and close on February 13, 2024. The IPO is to be listed on February 16, 2024.
| Type of issue | Book Built Issue IPO |
|---|---|
| Issue Size | Rs.1,600 Crore |
| Price Brand | Rs.1195 to Rs.1258 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 09, 2024 |
| IPO Close Date | February 13, 2024 |
| IPO Allotment Date | February 14, 2024 |
| Refund Date | February 15, 2024 |
| Share Credit Date | February 15, 2024 |
| Listing Date | February 16, 2024 |
#6. Entero Healthcare Solutions IPO Offer Details
Entero Healthcare Solutions IPO’s total issue size is 12,718,600 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
|---|---|---|
| Fresh Issue | 12,718,600 | 1,000 |
| Offer for Sale (OFS) | 4,769,475 | 600 |
#7. Entero Healthcare Solutions Financials Overview (Crore)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| Total Revenue | 3,305.72 | 2,526.55 | 1,783.67 |
| Net Worth | 597.66 | 563.22 | 487.06 |
| Profit | -11.10 | -29.44 | -15.35 |
| Total Borrowings | 373.52 | 285.03 | 141.70 |
#8. Entero Healthcare Solutions Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| EPS (Rs.) | -3.10 | -9.22 | -5.29 |
| RoNW (%) | -1.86 | -5.23 | -3.15 |
| NAV (Rs.) | 157.08 | – | – |
#9. Entero Healthcare Solutions Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in millions) |
RoNW (%) | NAV (Rs.) |
|---|---|---|---|
| Medplus Health Services Limited | 46,306.54 | 3.36 | 124.93 |
| – | – | – | – |
#10. Entero Healthcare Solutions Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
|---|---|
| 01. | Prabhat Agrawal |
| 02. | Prem Sethi |
| 03. | Orbimed Asia III Mauritius Limited |
#11. Entero Healthcare Solutions Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
|---|---|
| Pre-issue | 77.10 |
| Post-issue | – |
#12. Entero Healthcare Solutions IPO Reservation Details
Entero Healthcare Solutions IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the issue size |
| Retail Share Offered | Not More than 10% of the issue size |
| NII (HNI) Shares Offered | Not More than 15% of the issue size |
#13. Entero Healthcare Solutions IPO – Lot Size
An investor can apply for a minimum of 11 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min.) | 1 | 11 | 13,838 |
| Retail (Max.) | 14 | 154 | 193,732 |
| S-HNI (Min.) | 15 | 165 | 207,570 |
| S-HNI (Max.) | 72 | 792 | 996,336 |
| B-HNI (Min.) | 73 | 803 | 1,010,174 |
#14. Entero Healthcare Solutions IPO – Prospectus Copy
An investor can download/view the Entero Healthcare Solutions prospectus copy, which the company filed to exchange, details are as follows.
| Entero Healthcare Solutions IPO Prospectus |
|---|
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Entero Healthcare Solutions IPO Registrar
Link Intime India Private Limited
Phone No.: +91-8108114949
E-Mail: enterohealthcare.ipo@linkintime.co.in
Website: www.linkintime.co.in
#16. Entero Healthcare Solutions IPO Lead Manager
- ICICI Securities Limited
- DAM Capital Advisors Limited
- Jefferies India Private Limited
- JM Financial Limited
- SBI Capital Markets Limited
#17. Entero Healthcare Solutions IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Entero Healthcare Solutions IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Entero Healthcare Solutions Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Entero Healthcare Solutions Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Entero Healthcare Solutions Company Details
Entero Healthcare Solutions Limited
Registered Office: Plot No. I-35, Building – B, Industrial Area Phase-I, 13/7 Mathura Road, Faridabad-121003 Haryana, India
Phone No: +91-22-69019100
Email: jayantprakash@enterohealthcare.com
Website: www.enterohealthcare.com
Investor Grievances/Compliance Officer: Jayant Prakash
#19. Entero Healthcare Solutions Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
|---|---|
| 01. | Tata Capital Financial Services Limited |
| 02. | – |
#20. Entero Healthcare Solutions Company Board (Top 2)
| Sr. No. | Name of Directors |
|---|---|
| 01. | Sujesh Vasudevan |
| 02. | Prabhat Agrawal |
Entero Healthcare Solutions IPO – Frequently Asked Questions (FAQs)
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#1. What is a Entero Healthcare Solutions IPO? Entero Healthcare Solutions brings its IPO of Rs.1,600 Crore, on February 09, 2024, with a price band of Rs.1195 to Rs.1258 per share. |
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#2. What is the Entero Healthcare Solutions IPO Open date? Entero Healthcare Solutions IPO’s opening date is February 09, 2024. |
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#3. What is the Entero Healthcare Solutions IPO Close Date? Entero Healthcare Solutions IPO’s closing date is February 13, 2024. |
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#4. What is the Entero Healthcare Solutions IPO Listing date? Entero Healthcare Solutions’s IPO listing date is February 16, 2024. |
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#5. What is the Entero Healthcare Solutions IPO Minimum investment amount? Entero Healthcare Solutions IPO’s minimum investment amount is Rs. 13,838. |
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#6. What is the Entero Healthcare Solutions IPO offer issue Size? Entero Healthcare Solutions offers an issue size of Rs.1,600 Crore. |
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#7. What is the Entero Healthcare Solutions IPO Price Band? Entero Healthcare Solutions’s IPO price band is Rs.1195 to Rs.1258 per share. |
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#8. Is Entero Healthcare Solutions IPO mainboard IPO or SME IPO? Entero Healthcare Solutions IPO is a Mainboard IPO. |
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