What you must know about Entero Healthcare Solutions IPO?
by 5paisa Research Team
06 Feb 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 16-Feb-24
- IPO Price Range ₹1195
- Listing Price ₹1245
- Listing Change -1.0 %
- Last Traded Price ₹1423.4
- Current Change 13.1 %
Entero Healthcare IPO Details
- Open Date 09-Feb-24
- Close Date 13-Feb-24
- Lot Size 11
- IPO Size ₹ 1,600 Cr
- IPO Price Range ₹ 1195 to ₹ 1258
- Min Investment ₹ 13,145
- Listing Exchange BSE, NSE
- Basis of Allotment 14-Feb-24
- Refunds 15-Feb-24
- Credit to Demat Account 15-Feb-24
- Listing Date 16-Feb-24
Entero Healthcare Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 9-Feb-24 | 0.00 | 0.04 | 0.31 | 0.09 |
| 12-Feb-24 | 0.00 | 0.09 | 0.62 | 0.18 |
| 13-Feb-24 | 2.29 | 0.22 | 0.92 | 1.43 |
Entero Healthcare IPO Synopsis
Entero Healthcare Solutions IPO is set to open from 9th February to 13th February 2024. The company distributes healthcare products. The IPO includes a fresh issue of 7,949,125 shares worth ₹1000.00 cr. and an Offer-for-Sale (OFS) of 4,769,475 shares worth ₹600.00 cr. The total IPO size is ₹1600.00 cr. The share allotment date is 14th February 2024, and the IPO will be listed on 16th February 2024 on the stock exchanges. The price band is set at ₹1195 to ₹1258 and the lot size is 11 shares.
ICICI Securities Limited, Dam Capital Advisors Limited, Jefferies India Private Limited, Jm Financial Limited and SBI Capital Markets Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Entero Healthcare Solutions IPO:
• To repay or prepay in full or part the borrowings obtained by the company.
• To fund working capital requirements.
• To fund inorganic growth initiatives via acquisitions.
• General corporate purposes.
Entero Healthcare Solutions IPO Video:
About Entero Healthcare Solutions
Established in 2018, Entero Healthcare Solutions distributes healthcare products and in terms of revenues ranks among the top three distributors in India as of FY22. The company operates as a technology-driven and integrated healthcare products distribution platform.
As of March 2023, Entero Healthcare Solutions had 73 distribution warehouses in 37 cities in 19 Indian states. It also had a customer base of 81,400 pharmacies and 3,400 hospitals in 495 districts of India for the same period. The company had supply relations with 1900 healthcare product manufacturers and had a reach to more than 64500 SKUs.
Peer Comparison
• Medplus Health Services Limited
For More Information:
Webstory on Entero Healthcare Solutions IPO
Entero Healthcare Solutions Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3300.20 | 2522.06 | 1779.73 |
| EBITDA | 64.00 | 24.43 | 21.54 |
| PAT | -11.10 | -29.43 | -15.35 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1308.72 | 1125.98 | 833.78 |
| Share Capital | 4.11 | 3.85 | 0.10 |
| Total Borrowings | 711.06 | 562.76 | 346.72 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -45.31 | -35.26 | -68.68 |
| Net cash from / (used in) investing activities | -48.59 | -161.73 | -30.86 |
| Net cash flow from / (used in) financing activities | 72.76 | 211.19 | 88.71 |
| Net increase (decrease) in cash and cash equivalents | -21.14 | 14.19 | -10.84 |
Entero Healthcare IPO Key Points
-
Strengths
1. The company is expected to leverage market consolidation in the fragmented healthcare products distribution market.
2. The company is one of the largest and fastest-growing healthcare product distribution platforms in the country.
3. It has a track record of inorganic expansion and increased geographic reach, revenues and scale.
4. The company runs a differentiated business model offering comprehensive and integrated commercial and supply chain solutions.
5. It has a proprietary technology platform.
6. Experienced Promoters and professional senior management team. -
Risks
1. The company has very high working capital requirements.
2. It has reported a loss in the past.
3. The business can be adversely impacted by competition and industry consolidation.
4. Changes in prescription drug pricing could impact the business.
5. The company has reported negative cash flows.
6. It is subject to operational and logistical risks.
Entero Healthcare
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Entero Healthcare IPO FAQs
When does the Entero Healthcare Solutions IPO opens and closes?
Entero Healthcare Solutions IPO opens from 9th February to 13th February 2024.
What is the size of the Entero Healthcare Solutions IPO?
The IPO size of Entero Healthcare Solutions IPO is ₹1600.00 cr.
How to apply for the Entero Healthcare Solutions IPO?
To apply for Entero Healthcare Solutions IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Entero Healthcare Solutions IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Entero Healthcare Solutions IPO?
The GMP value of every IPO changes daily. To view today's GMP of Entero Healthcare Solutions IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Entero Healthcare Solutions IPO?
The price band of Entero Healthcare Solutions IPO is set at ₹1195 to ₹1258 per share.
What is the minimum lot size and investment required for the Entero Healthcare Solutions IPO?
The minimum lot size of Entero Healthcare Solutions IPO is 11 shares and the minimum investment required to apply for the IPO is ₹13,145.
What is the allotment date of the Entero Healthcare Solutions IPO?
The share allotment date of Entero Healthcare Solutions IPO is 14th February 2024.
What is the Entero Healthcare Solutions IPO listing date?
The Entero Healthcare Solutions IPO will be listed on 16th February 2024.
Who are the book runners for the Entero Healthcare Solutions IPO?
ICICI Securities Limited, Dam Capital Advisors Limited, Jefferies India Private Limited, Jm Financial Limited and SBI Capital Markets Limited are the book-running lead managers for this IPO.
What is the objective of Entero Healthcare Solutions IPO?
Entero Healthcare Solutions will use proceeds for:
• To repay or prepay in full or part the borrowings obtained by the company.
• To fund working capital requirements.
• To fund inorganic growth initiatives via acquisitions.
• General corporate purposes.
Contact Details of Entero Healthcare Solutions IPO
Contact Information
Entero Healthcare Solutions Limited
Plot No. I-35, Building - B
Industrial Area Phase - I
13/7 Mathura Road, Faridabad 121 003
Phone: +91 22-69019100
Email: jayant.prakash@enterohealthcare.com
Website: https://www.enterohealthcare.com/
Entero Healthcare Solutions IPO Register
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
Entero Healthcare Solutions IPO Lead Manager
ICICI Securities Limited
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Jefferies India Private Limited
Jm Financial Limited
SBI Capital Markets Limited
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