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

Entero Healthcare Solutions IPO Details: Entero Healthcare Solutions IPO date is fixed, the IPO is to hit the market on February 9 and will close on February 13. Entero Healthcare Solutions IPO to raise around ₹1600 crores via IPO that comprises fresh issue of ₹1000 crores and offer for sale up to 12,718,600 equity shares of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.

Entero Healthcare Solutions IPO

Table of Contents

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

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

Entero Healthcare Solutions IPO Date & Price Band Details

IPO Open:February 9, 2024
IPO Close:February 13, 2024
IPO Size:Approx ₹1600 Crores
Fresh Issue:Approx ₹1000 Crores
Offer for Sale:Approx ₹600 Crores
Face Value:₹10 Per Equity Share
IPO Price Band:₹1195 to ₹1258 Per Share
IPO Listing on:BSE & NSE
Retail Quota:10%
QIB Quota:75%
 NII Quota:15%
Discount:₹119 for Employees per share
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum111₹13,838
Retail Maximum14154₹193,732
S-HNI Minimum15165₹207,570
B-HNI Minimum72792₹996,336

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.

Anchor Investors Allotment:February 8, 2024
IPO Open Date:February 9, 2024
IPO Close Date:February 13, 2024
Basis of Allotment:February 14, 2024
Refunds:February 15, 2024
Credit to Demat Account:February 15, 2024
IPO Listing Date:February 16, 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

  ₹ in Crores
YearRevenueExpensePAT
2021₹1783.66₹1794.50₹15.35
2022₹2526.54₹2546.35₹29.43
2023₹3305.72₹3309.40₹11.10

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.

Earning Per Share (EPS):-₹3.10 per Equity Share
Price/Earning P/E Ratio:1.86
Return on Net Worth (RoNW):NA%
Net Asset Value (NAV):₹157.08 per Equity Share

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

What is Entero Healthcare Solutions IPO?

Entero Healthcare Solutions IPO is a main-board IPO. They are going to raise ₹1600 Crores via IPO. The issue is priced at ₹1195 to ₹1258 pr equity share. The IPO is to be listed on BSE & NSE.

When Entero Healthcare Solutions IPO will open?

The IPO is to open on February 9, 2024 for QIB, NII, and Retail Investors.

What is Entero Healthcare Solutions IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 10%.

How to Apply the Entero Healthcare Solutions IPO?

You can apply for Entero Healthcare Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Entero Healthcare Solutions IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Entero Healthcare Solutions”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Entero Healthcare Solutions IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Entero Healthcare Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Entero Healthcare Solutions IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Entero Healthcare Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Entero Healthcare Solutions IPO Size?

Entero Healthcare Solutions IPO size is ₹1600 crores.

What is Entero Healthcare Solutions IPO Price Band?

Entero Healthcare Solutions IPO Price Band is ₹1195 to ₹1258.

What is Entero Healthcare Solutions IPO Minimum and Maximum Lot Size?

The minimum bid is 11 Shares with ₹13,838 amount while the maximum bid is 72 shares with ₹996,336.

What is the Entero Healthcare Solutions IPO Allotment Date?

Entero Healthcare Solutions IPO allotment date is February 14, 2024.

What is the Entero Healthcare Solutions IPO Listing Date?

Entero Healthcare Solutions IPO listing date is February 16, 2024. The IPO is to list on BSE and NSE.

Note: The Entero Healthcare Solutions IPO price band and date are officially announced yet. The IPO grey market premium (Entero Healthcare Solutions IPO Premium) will be added to the IPO grey market page as it will start).

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