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Entero Healthcare Solutions IPO Details 2024

IPO Status: Listed [9th Feb 2024 to 13th Feb 2024]

Rated 3/5 by Team InvestorGain
Entero Healthcare Solutions IPO Detail

Entero Healthcare Solutions Limited is soon bringing an IPO at the NSE and the BSE Exchange. The total issue size of this IPO application is worth Rs 1600 Cr. This IPO is opening from 09 Feb to 13 Feb 2024. The face value of each share is Rs 10. You can apply in this IPO application by buying at least one lot of 11 shares or its multiple at the price range Rs 1195 to Rs 1258 for each share as described in their offer document.

So please stay connected with us to get the latest update for the IPO of Entero Healthcare Solutions Limited including company overview, financials, live subscription, allotment, GMP and more.

Entero Healthcare Solutions IPO Details

IPO Issue Opening Date: 9th Feb 2024
IPO Issue Closing Date: 13th Feb 2024
IPO Issue Price: ₹1195.00-1258.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: Not more than 10% of the Net Issue
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹1600.00 Cr
Offer for Sale: ₹600.00 Cr
Fresh Issue: ₹1000.00 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: Emplopee:119.00
Promoter Holding Pre IPO: 77.11%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
BSE Code: 544122
NSE Code: ENTERO

Entero Healthcare Solutions IPO Important Dates

Get important updates regarding Entero Healthcare Solutions IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Entero Healthcare Solutions IPO dates
IPO Activity Date
Basis of Allotment Date* 14th Feb 2024
Refunds Initiation* 15th Feb 2024
Credit of Shares to Demat* 15th Feb 2024
IPO Listing Date* 16th Feb 2024

* - Tentative Dates

Entero Healthcare Solutions IPO Lots

IPO Activity Date
Issue Price ₹1195.00-1258.00
Market Lot: 11 Shares
1 Lot Amount: ₹13838
Min Small HNI Lots(2-10 Lakh): 165 shares (15 lots)
Min Big HNI Lots(10+ Lakh): 803 shares (73 lots)

Entero Healthcare Solutions IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
16-02-20241258.002--₹1260 (0.16%)16-Feb-2024 9:25
IPO Live GMP
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Entero Healthcare Solutions

Entero Healthcare Solutions Limited was established in 2018 to create a well-organized, technology-driven, and integrated healthcare product distribution platform that could add value to the entire healthcare ecosystem throughout India. The company provides value to healthcare product manufacturers by giving them access to pharmacies, hospitals, and clinics via its integrated and technology-driven healthcare product distribution platform.

By March 2023, healthcare product manufacturers will be able to make their products accessible to a wide customer base through 73 warehouses across the country, last-mile infrastructure, and relationships with pharmacies, hospitals, and clinics. Similarly, the pharmacies, hospitals, and clinics they supply will gain access to a broad range of healthcare products through their distribution infrastructure and relationships with healthcare product manufacturers. In the financial years 2021, 2022, and 2023, they provided healthcare products to more than 39,500, 64,200, and 81,400 retail customers and over 1,600, 2,500, and 3,400 hospital customers, respectively. As of March 31, 2023, they have supply relationships with over 1,900 manufacturers of healthcare products, providing access to over 64,500 product stock-keeping units (“SKUs”).

Entero Healthcare Solutions IPO Strengths

  • Operate in the large and highly fragmented Indian healthcare products distribution market and expect to benefit from market consolidation.
  • 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 investor.
Incorporation Sector IPO Issue Size Website
2018 Health Care ₹1600.00 Cr https://www.enterohealthcare.com/

Entero Healthcare Solutions IPO Objective

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Repayment/prepayment, in full or part, of certain borrowings availed of by the company and its Subsidiaries.
  • Funding the long term working capital requirements.
  • Pursuing inorganic growth initiatives through acquisitions.
  • General corporate purposes.
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Entero Healthcare Solutions IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 3,796,502 Shares
  • Non-Institutional Investors: 1,898,251 Shares
  • Retail Individual Investor: 1,898,251 Shares
  • Employees Quota: 70,625 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered3,796,502 (49.54%)1,898,251 (24.77%)1,898,251 (24.77%)70,6257,663,629
19th Feb 2024 19:040.00x0.04x0.32x0.36x0.09x
212th Feb 2024 19:040.00x0.09x0.62x0.83x0.18x
313th Feb 2024 18:222.29x0.22x0.92x1.32x1.43x

Entero Healthcare Solutions Limited Financial Information (Restated Consolidated)

Entero Healthcare Solutions Limited's revenue increased by 30.84% and profit after tax (PAT) rose by 62.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,505.951,308.731,125.98833.79
Revenue1,898.983,305.722,526.551,783.67
Profit After Tax11.64-11.10-29.44-15.35
Net Worth660.54597.66563.22487.06
Total Borrowing488.68373.52285.03141.70
Amount in ₹ Crore

Entero Healthcare Solutions IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Entero Healthcare Solutions Limited-3.43-3.43174.21-1.86Consolidated
Medplus Health Services Limited4.174.17124.93177.213.36Consolidated

Company Address

Entero Healthcare Solutions Limited
Plot No. I-35, Building - B,
Industrial Area Phase - I, 13/7 Mathura Road,
Faridabad,Haryana-121 003
India
Website: https://www.enterohealthcare.com/
Phone: +91 22-69019100
Email: [email protected]

Entero Healthcare Solutions IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]
Entero Healthcare Solutions IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Entero Healthcare Solutions? Should I apply in Entero Healthcare Solutions IPO?

Last Updated on 20-Feb-2024 06:02:44

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Entero Healthcare Solutions IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Entero Healthcare Solutions IPO with Zerodha.

Alternate approch to apply in Entero Healthcare Solutions IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Entero Healthcare Solutions IPO Review and Important Updates

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Apply in Entero Healthcare Solutions IPO online

To subscribe or apply in Entero Healthcare Solutions IPO, you can use the following methods:

MethodDetails
Entero Healthcare Solutions IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Entero Healthcare Solutions IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Entero Healthcare Solutions IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Entero Healthcare Solutions IPO. Most of the Syndicate Banks provide access to apply in Entero Healthcare Solutions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Entero Healthcare Solutions IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Entero Healthcare Solutions IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Entero Healthcare Solutions IPO Review and Important Updates

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Entero Healthcare Solutions IPO Application is not yet available.

 

Entero Healthcare Solutions IPO is going to be list on 16-02-2024. NSE Code for Entero Healthcare Solutions is ENTERO. BSE Code for Entero Healthcare Solutions is 544122.

Other relevant questions:

When Entero Healthcare Solutions IPO will be listing? Entero Healthcare Solutions IPO NSE listing date?Entero Healthcare Solutions IPO date of listing.Entero Healthcare Solutions IPO BSE listing date?

 

Entero Healthcare Solutions IPO Allotment Date is 14-02-2024.

Other relevant questions:

Entero Healthcare Solutions IPO share allotment date?Entero Healthcare Solutions IPO allotment date?

 


User Reviews

5. Harish Parekh Feb 07 2024 03:28:55 PM Reply
Company profits are negative and very new ipo price band is very high
4. Vikash kumar soni  Feb 02 2024 07:03:05 AM Reply
Entero Healthcare Solutions IPO expected listing gain.
3. Mahendra kumar Feb 02 2024 07:03:05 AM Reply
Please confirm Entero Healthcare Solutions IPO GMP (grey market premium) and kostak.
2. Anithakumari prasobkumar Feb 02 2024 07:03:05 AM Reply
Entero Healthcare Solutions IPO good or bad.
1. Anithakumari prasobkumar Feb 02 2024 07:03:05 AM Reply
Entero Healthcare Solutions IPO whether to invest or not.