Entero Healthcare IPO Description – Founded in 2018, Entero Healthcare Solutions distributes healthcare products in India. Leveraging a technology-driven platform, the company offers healthcare product distribution services to pharmacies, hospitals, and clinics nationwide.
In the fiscal years 2021, 2022, and 2023, Entero Healthcare Solutions served 39,500, 64,200, and 81,400 retail customers, respectively. Additionally, it engaged with 1,600, 2,500, and 3,400 hospital customers during the same period. As of 31 March 2023, the company has supply relationships with 1,900 healthcare product manufacturers, offering access to over 64,500 product stock-keeping units (SKUs).
As of 31 March 2023, Entero Healthcare Solutions operates 73 distribution warehouses in 37 cities across 19 states and union territories. With a customer base spanning 81,400 pharmacies and 3,400 hospitals in 495 districts, the company offers extensive access to healthcare product manufacturers.
As of 31 March 2023, Entero Healthcare Solutions has a workforce of 3,014 individuals spread across various departments.
Promoters of Entero Healthcare – Prabhat Agrawal, Prem Sethi, and Orbimed Asia III Mauritius Limited
Table of Contents
Entero Healthcare IPO Details
| Entero Healthcare IPO Dates | 9 – 13 February 2024 |
| Entero Healthcare Issue Price | INR 1,195 – 1,258 per share (Employee Discount – 119 per share) |
| Fresh issue | INR 1,000 crore |
| Offer For Sale | 4,769,475 shares (INR 569.95 – 600 crore) |
| Total IPO size | INR 1,569.95 – 1,600 crore |
| Minimum bid (lot size) | 11 shares (INR 13,838) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Entero Healthcare Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 1,779.74 | 2,522.07 | 3,300.21 | 1,895.50 |
| Expenses | 1,794.51 | 2,546.36 | 3,309.41 | 1,858.31 |
| Net income | (15.35) | (29.44) | (11.10) | 11.64 |
| Margin (%) | (0.86) | (1.17) | (0.34) | 0.61 |
Entero Healthcare Offer News
- Entero Healthcare RHP
- Entero Healthcare DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Entero Healthcare Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (5.29) | (9.22) | (3.10) |
| PE ratio | – | – | – |
| RONW (%) | (3.15) | (5.23) | (1.86) |
| NAV | 165.17 | 155.42 | 157.08 |
| ROCE (%) | 1.88 | 1.49 | 6.05 |
| EBITDA (%) | 1.21 | 0.97 | 1.94 |
| Debt/Equity | – | 0.70 | 0.88 |
Entero Healthcare IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 13 February 2024 | 15 | – | – |
| 12 February 2024 | 25 | – | – |
| 10 February 2024 | 70 | – | – |
| 9 February 2024 | 110 | – | – |
| 8 February 2024 | 120 | – | – |
Entero Healthcare IPO Objectives
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 – INR 123.67 crore
- Funding the long-term working capital requirements – INR 600 crore
- Pursuing inorganic growth initiatives through acquisitions
- General corporate purposes
Entero Healthcare IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 3,808,069 | 1,960,609 | 1,307,073 | 74,349 | 7,150,100 |
| 13 Feb 2024 | 2.28 | 0.22 | 1.33 | 1.25 | 1.53 |
| 12 Feb 2024 | 0.00 | 0.09 | 0.88 | 0.77 | 0.19 |
| 9 Feb 2024 | 0.00 | 0.04 | 0.45 | 0.33 | 0.10 |
Entero Healthcare – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Entero Healthcare | – | (3.10) | (1.86) | 157.08 | 3,305.72 |
| MedPlus Health | 216.07 | 4.17 | 3.36 | 124.93 | 4,603.65 |
Entero Healthcare IPO Allotment Status
Entero Healthcare IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Entero Healthcare IPO Dates & Listing Performance
| IPO Opening Date | 9 February 2024 |
| IPO Closing Date | 13 February 2024 |
| Finalization of Basis of Allotment | 14 February 2024 |
| Initiation of refunds | 15 February 2024 |
| Transfer of shares to demat accounts | 15 February 2024 |
| Entero Healthcare IPO Listing Date | 16 February 2024 |
| Opening Price on NSE | INR 1,228.70 per share (down 2.33%) |
| Closing Price on NSE | INR 1,149.50 per share (down 8.62%) |
Entero Healthcare IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – Avoid
Canara Bank Securities – Avoid
Choice Broking –
Dalal & Broacha –
Elite Wealth – Avoid
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities – Subscribe for long term
ICICIdirect –
Investmentz –
Jainam Broking – Subscribe for listing gains
DR Choksey –
LKP Research –
Marwadi Financial – Avoid
Mehta Equities –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Avoid
SBI Securities – Not Rated
SMC Global – 1/5
Swastika Investmart –
Ventura Securities – Subscribe
Entero Healthcare Offer Lead Manager
DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C, 15th Floor, Unit No.1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone:Â +91 22 4202 2500
Email:Â [email protected]
Website:Â www.damcapital.in
Entero Healthcare Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Entero Healthcare Contact Details
ENTERO HEALTHCARE SOLUTIONS LIMITED
605 & 606, 6th Floor, Trade Centre Bandra Kurla Complex,
Bandra East, Mumbai 400 051 Maharashtra, India
Phone:Â +91 22 69019100
Email:Â [email protected]
Website: www.enterohealthcare.com
Entero Healthcare IPO FAQs
How many shares in Entero Healthcare IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Entero Healthcare Public Offer?
The best way to apply for Entero Healthcare’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Entero Healthcare IPO GMP today?
Entero Healthcare IPO GMP today is INR 15 per share.
What is Entero Healthcare’s kostak rate today?
Entero Healthcare kostak rate today is INR NA per application.
What is Entero Healthcare Subject to Sauda rate today?
Entero Healthcare Subject to Sauda rate today is INR NA per application.
