Entero Healthcare Solutions Limited
Mainboard₹13,838 / 11 Shares
IPO Details
Entero Healthcare Solutions Limited IPO is priced between ₹1195-1258 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 9 Feb, 2024, and closed on 13 Feb, 2024. The allotment results will be announced on 14 Feb, 2024, with a tentative listing date set for 16 Feb, 2024.
The total issue comprises Total ₹1600 Cr :#Fresh Issue : 7,949,125 shares, amounting to ₹1000.00 Cr.
Entero Healthcare Solutions Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Feb 9, 2024 - Feb 13, 2024 | 16 Feb, 2024 | ₹10 Per Equity Share | ₹1195-1258 per equity share | 11 Shares | 7,949,125 Shares | 4,769,475 shares of ₹10 | BSE, NSE |
Entero Healthcare Solutions Limited IPO Timeline
Issue Price
₹1195-1258 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdMarket Lot
Retail: 11 Shares (₹13,838/-)S-HNI: 165 Shares (₹2,07,570/-)
B-HNI: 803 Shares (₹10,10,174/-)
Lead Manager
ICICI Securities LimitedDam Capital Advisors Ltd (Formerly Idfc Securities Ltd)Jefferies India Private LimitedJm Financial LimitedSBI Capital Markets LimitedIssue 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 timesEntero Healthcare Solutions Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 1308.73 | 3305.72 | -11.10 | 597.66 | - | 373.52 |
| 31 Mar 22 | 1125.98 | 2526.55 | -29.44 | 563.22 | - | 285.03 |
| 31 Mar 21 | 833.79 | 1783.67 | -15.35 | 487.06 | - | 141.70 |
All values are in ₹ Cr.
Entero Healthcare Solutions Limited IPO Valuations
EPS PRE IPO ₹0.00/- | EPS POST IPO ₹9.70/- | PE PRE IPO 0 | PE POST IPO 129.75 | ROE -2.66% |
ROCE 6.06% | DEBT EQUITY 0.45 | RONW -1.86% | PAT MARGIN - | PRICE TO BOOK VALUE 7.22 |
About 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 IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|
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
Plot No. I-35, Building - B, Industrial Area Phase - I, 13/7 Mathura Road, Faridabad 121 003Phone: +91 22-69019100
Email: jayant.prakash@enterohealthcare.com
Website: https://www.enterohealthcare.com/
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