Entero Healthcare Solutions IPO Date, Review, Price, Allotment Details

Entero Healthcare Solutions is amongst the top three healthcare products distributors in India in terms of revenue in Financial Year 2022, and reported an operating income of ₹25,220.65 million in Financial Year 2022 (Source: CRISIL Report). Further, they also achieved the fastest scale-up of operations among healthcare products distributors in India (between Financial Year 2019 to Financial Year 2022), and reached ₹25,000 million of operating income within four years of operations (Source: CRISIL Report).

The Company was founded in 2018 by Prabhat Agrawal, their Promoter, Managing Director, and Chief Executive Officer, and Prem Sethi, their Promoter, Whole-time Director, and Chief Operating Officer, with the vision to create an organized, pan-India, technology-driven, and integrated healthcare products distribution platform that can add value to the entire healthcare ecosystem. They add value to the healthcare product manufacturers that work with them by providing them reach and accessibility to pharmacies, hospitals, and clinics through their integrated and technology-driven, pan-India healthcare products distribution platform.

As of March 31, 2023, 73 warehouses located across the country, last-mile delivery infrastructure, and relationships with pharmacies, hospitals, and clinics enable healthcare product manufacturers to make their products available to a wide range of customers. Similarly, the pharmacies, hospitals, and clinics that they service get access to a wide range of healthcare products through their distribution infrastructure and their healthcare product manufacturer relationships. During the Financial Years 2021, 2022, and 2023, they catered to over 39,500, 64,200, and 81,400 retail customers, respectively, and over 1,600, 2,500, and 3,400 hospital customers, respectively. Further, as of March 31, 2023, they have supply relationships with over 1,900 healthcare product manufacturers that give them access to over 64,500 product stock-keeping units (“SKUs”).

Objects of the Issue

• Repayment/prepayment, in full or part, of certain borrowings availed of by the company and our Subsidiaries.
• Funding the long term working capital requirements.
• Pursuing inorganic growth initiatives through acquisitions.
• General corporate purposes.

Entero Healthcare Solutions IPO Review (Apply or Not)

• May Apply with Long Term View

Brokerage Firm IPO Review

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• Elite Wealth: Avoid
• Samco Securities: Avoid
• Ventura Securities: Subscribe
• Capital Market: Avoid

Entero Healthcare Solutions IPO Date & Price Band Details

Entero Healthcare Solutions IPO Market Lot

The Entero Healthcare Solutions IPO minimum market lot is 11 shares with ₹13,838 application amount. The retail investors can apply up-to 14 lots with 154 shares or ₹193,732 amount.

Entero Healthcare Solutions IPO Allotment & Listing Dates

The Entero Healthcare Solutions IPO date is 2024 and the close date is February 2024. The Entero Healthcare Solutions IPO allotment will be finalized on 2024 and the IPO listing on 2024.

You can check IPO subscription status and IPO allotment status on their respective pages.

Entero Healthcare Solutions IPO Form

How to apply for the Entero Healthcare Solutions IPO? You can apply for Entero Healthcare Solutions IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Entero Healthcare Solutions IPO in the Invest section. The other option is you can apply for Entero Healthcare Solutions IPO via IPO forms downloaded via NSE and BSE. Check out the Entero Healthcare Solutions forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Entero Healthcare Solutions Company Financial Report

Entero Healthcare Solutions IPO Valuation – FY2023

Check Entero Healthcare Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• MedPlus Health Services Limited

Company Promoters

• Prabhat Agrawal
• Prem Sethi
• OrbiMed Asia III Mauritius Limited

Entero Healthcare Solutions IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Entero Healthcare Solutions IPO Allotment Status Check

Check Entero Healthcare Solutions IPO allotment status on Linkintime website allotment URL. Click Here

Entero Healthcare Solutions IPO Lead Managers aka Merchant Bankers

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

Company Address

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: [email protected]
Website: https://www.enterohealthcare.com/

Entero Healthcare Solutions IPO FAQs