Entero Healthcare Solutions Ltd
Price Range
₹1,195 - ₹1,258
Min. Quantity
11
Closes on
13 February 2024
Min. investment
₹13,838/154 Shares
Entero Healthcare Solutions Ltd IPO Timeline
Entero Healthcare Solutions Ltd was incorporated as Entero Healthcare Solutions Private Limited' pursuant to a certificate of incorporation dated January 10, 2018, issued by the Registrar of Companies, Central Registration Centre, under the administrative control of the Registrar of Companies, Delhi and Haryana at New Delhi. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed in the annual general meeting of our Shareholders held on August 7, 2023, and consequently, the name of the Company was changed to Entero Healthcare Solutions Limited', and a fresh certificate of incorporation dated August 25, 2023, was issued by the RoC.
| Event | Date |
|---|---|
| Entero Healthcare Solutions Ltd IPO Opening Date | 9 February 2024 |
| Entero Healthcare Solutions Ltd IPO Closing Date | 13 February 2024 |
| Basis of Allotment | 14 February 2024 |
| Initiation of Refunds | 15 February 2024 |
| Credit of Shares to Demat | 15 February 2024 |
| Entero Healthcare Solutions Ltd IPO Listing Date | 16 February 2024 |
Entero Healthcare Solutions Ltd IPO Details
| Entero Healthcare Solutions Ltd IPO Date | 9 February 2024 to 13 February 2024 |
| Entero Healthcare Solutions Ltd IPO Face Value | ₹10 per share |
| Entero Healthcare Solutions Ltd IPO Price | ₹1195 to ₹1258 per share |
| Entero Healthcare Solutions Ltd IPO Lot Size | 11 |
| Issue Size | Shares of ₹10 (aggregating up to ₹1,600 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹1000 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹600 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 38,08,069 of the Net Offer |
| Retail Shares Offered | Not less than 13,07,073 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 19,60,609 of the Net Offer |
| Company Promoters | Prabhat Agrawal, Prem Sethi, Orbimed Asia III Mauritius Ltd |
Entero Healthcare Solutions Ltd IPO Lot Size
The Entero Healthcare Solutions Ltd IPO lot size is 11 shares. A retail-individual investor can apply for up to 14 lots (154 shares or ₹1,93,732).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 11 | ₹13,838 |
| Maximum | 14 | 154 | ₹1,93,732 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Entero Healthcare Solutions Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,768.58 | 408.09 | 38.44 |
| 03-2023 | 763.57 | 230.26 | -12.46 |
| 03-2022 | 654.08 | 164.16 | -40.85 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment in full or part of certain borrowings availed by the company and its subsidiaries
- Funding the long term working capital requirements
- General corporate purposes
- Pursuing inorganic growth intiatives through acquisitions
Entero Healthcare Solutions Ltd IPO Promoter Holding
| Pre Issue Share Holding | 12.66% |
| Post Issue Share Holding | 9.26% |
Entero Healthcare Solutions Ltd IPO Subscription Status (Bidding Detail)
The Entero Healthcare Solutions Ltd IPO is subscribed 1.53 times on 13 February 2024 05:00:00 PM. The public issue subscribed 1.33 times in the retail category, 2.28 times in the QIB category, and 0.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 2.28 | 0.22 | 1.33 | 1.25 | 1.53 |
Entero Healthcare Solutions Ltd IPO Prospectus
Entero Healthcare Solutions Ltd IPO Listing Date
| Listing Date | 16 February 2024 |
| BSE Script | 544122 |
| NSE Symbol | ENTERO |
| Listing In | BSE, NSE |
| ISIN | INE010601016 |
| IPO Price | ₹1,258 |
| Face Value | ₹10 |
Company Contact Information
Plot # I-35 Bldg-B Ind. AreaPhase-I 13/7 Mathura Road,Faridabad-121003
Phone: 0129-4877300
Email: jayant.prakash@enterohealthcare.com
Website: www.enterohealthcare.com
Entero Healthcare Solutions Ltd IPO Registrar
Entero Healthcare Solutions Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Dam Capital Advisors Ltd
- Jefferies India Pvt Ltd
- JM Financial Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Entero Healthcare Solutions Ltd IPO?
I have pre-applied for Entero Healthcare Solutions Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.