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Entero Healthcare Solutions Limited IPO

Entero Healthcare Solutions Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 1,228.70 (-2.33%)

The public market debut of Entero Healthcare Solutions Limited's was completed on 16-02-2024 with its listing on the NSE, BSE exchange. The IPO process raised 1,27,18,600 Shares in total capital, consisting of 79,49,125 Shares in new equity and ₹600.00 Cr in existing share sales through the OFS route.

The offering featured a price range of ₹1,195 to ₹1,258 and minimum application size of 11 shares. Investor response during the subscription period from 09-02-2024 to 13-02-2024 influenced the final allotment ratios across investor categories.

Final allotment was announced on 14-02-2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Entero Healthcare IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Entero Healthcare IPO Key Performance Indicator
Company Financials ( In Crores )

Entero Healthcare IPO About Company

Entero Healthcare Solutions Limited was founded in 2018 and is a leading distributor of healthcare products in India. Using a technology-driven platform, the company supplies healthcare products to pharmacies, hospitals, and clinics across the country. Key Highlights: Growing Customer Base: Served 39,500+ retail customers in 2021, 64,200+ in 2022, and 81,400+ in 2023. Also served 1,600+ hospitals in 2021, 2,500+ in 2022, and 3,400+ in 2023. Strong Manufacturer Network: Partnered with 1,900+ healthcare product manufacturers, offering access to 64,500+ product SKUs (as of March 31, 2023). Extensive Infrastructure: Operates 73 warehouses in 37 cities across 19 states and union territories, covering 495 districts in India. Large Workforce: As of March 31, 2023, the company has 3,014 employees across various departments. With its vast distribution network and strong industry relationships, Entero Healthcare Solutions continues to expand its reach in the healthcare sector.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Entero Healthcare IPO Strength Factors

  1. Proprietary technology platform : Enhances operational efficiency and delivers better customer service.
  2. Strong expansion record : Demonstrates steady growth in reach, revenue, and overall business scale.
  3. Unique integrated model : Offers end-to-end commercial and supply chain solutions that set the company apart.
  4. Experienced leadership team : Guided by seasoned promoters and skilled senior management for effective decision-making.

Entero Healthcare IPO Risk Factors

  1. Past financial losses : Indicate potential instability and raise concerns about long-term sustainability.
  2. High working capital requirements : Can strain financial resources and create cash flow pressure.
  3. Competitive and consolidating industry : Market pressures may impact operations and reduce margins.
  4. Negative cash flows : Pose challenges to maintaining financial stability and smooth operations.

Entero Healthcare IPO Lead Manager(s)

  • ICICI Securities Limited
  • Dam Capital Advisors Limited
  • Jefferies India Private Limited
  • Jm Financial Limited
  • SBI Capital Markets Limited

Entero Healthcare IPO Promoter(s)

  1. Prabhat Agrawal
  2. Prem Sethi
  3. OrbiMed Asia III Mauritius Limited



Entero Healthcare IPO Company Details

Entero Healthcare Solutions Limited
Phone:
address:

Entero Healthcare IPO Registrar

Link Intime India Private Limited
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Phone:

Entero Healthcare IPO FAQs