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. Company was incorporated in 2018. 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.
The company proposes to utilise the Net Proceeds towards funding the following objects:
| For the period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Sep-23 | |
|---|---|---|---|---|---|
| Total Assets | 833.79 | 1,125.98 | 1,308.73 | 1,505.95 | |
| Total Revenue | 1,783.67 | 2,526.55 | 3,305.72 | 1,898.98 | |
| Profit After Tax | -15.35 | -29.44 | -11.10 | 11.64 | |
| Total Borrowing | 141.70 | 285.03 | 373.52 | 488.68 | |
| ** All Amounts is in ₹ Crores | |||||
| Entero Healthcare Solutions Limited IPO Date | 9 Feb 2024 to 13 Feb 2024 |
|---|---|
| Entero Healthcare Solutions Limited IPO Face Value | ₹10 per share |
| Entero Healthcare Solutions Limited IPO Price | ₹1195 to ₹1258 per share |
| Lot Size | 11 Shares |
| Issue Size | 12,718,600 shares (aggregating up to ₹1,600.00 Cr) |
| Fresh Issue | 7,949,125 shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | 4,769,475 shares of ₹10 (aggregating up to ₹600.00 Cr) |
| Employee Discount | Rs 119 per share | Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Entero Healthcare Solutions Limited IPO opens from February 9, 2024 10.00 A.M. to February 13, 2024 5.00 P.M.
| Entero Healthcare Solutions Limited IPO Opening Date | 9 February, 2024 |
|---|---|
| Entero Healthcare Solutions Limited IPO Closing Date | 13 February, 2024 |
| Allotment | 14 February, 2024 |
| Initiation of Refunds | 15 February, 2024 |
| Credit of Shares to Demat | 15 February, 2024 |
| Entero Healthcare Solutions Limited IPO Listing Date | 16 February, 2024 |
Retail Individual Investors can apply for Minimum 1 Lot and Maximum 13 lot .
| Lots | No. Of Shares | Total Amount |
|---|---|---|
| 1(Min) | 11 | ₹13,838 |
| 14(Max) | 154 | ₹193,732 |