Entero Healthcare Solutions Limited

09 Feb 2024 - 13 Feb 2024 Individual Category NSE

Min Investment

₹26290

Price Band

₹1195-₹1258

Issue Size

71.5 lakhs
Equity Shares

Lot Size

11 (per lot)

IPO Dates
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09 Feb 2024

Open Date

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13 Feb 2024

Close Date

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14 Feb 2024

Allotment Date

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16 Feb 2024

Listing Date

Entero Healthcare Solutions Limited IPO 2024 is open for subscription from Friday, February 9, 2024 and will close on Tuesday, February 13, 2024. The price band for this IPO is decided at Rs 1195 to Rs 1258 per share. The minimum lot size of this application for the retail category has 11 shares. The minimum lot size for small non-institutional investors is 15 lots consisting of 165 shares. Whereas, the minimum lot for big non-institutional investors is 73 lots consisting of 803 shares. The minimum amount of investment required for retail category investors is Rs 13,838 (1258x 11 shares). However, for small non-institutional investors the minimum investment amount is required Rs 2,07,570 ( 1258 x 165 shares) and for big non-institutional investors is Rs 10,10,174 (1258 x 803 shares). Entero Healthcare Solutions Limited IPO 2024 is a book-built issue of Rs 1600 crores. The issue is a combination of the fresh issue and offer for sale. The fresh issue consists of 0.79 crore shares amounting to Rs 1000.00 crores. The offer for sale is of 0.48 crore shares amounting to Rs 600 crore. The book running lead manager of Entero Healthcare Solutions Limited is ICICI Securities Limited, Dam Capital Advisors Limited, Jefferies India Private Limited, JM Financials Limited and SBI Capital Markets Limited. The registrar for this IPO is Link Intime India Private Limited.

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About Entero Healthcare Solutions Limited

Entero Healthcare Solutions Limited incorporated in 2018 with a vision to create an organized pan India technology driven and integrated product distribution network platform. It is a distributor of healthcare products in India. Company’s technology driven platform provides healthcare product distribution services to pharmacies, hospitals and clinics throughout India. Company is among the top three healthcare distributors in terms of revenue generated in FY22. Entero Healthcare had a wide operational presence across India through warehouses. Company had a relationship with over 1900 healthcare product manufacturers, giving them access to over 64500 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 include over 81400 pharmacies and 3400 hospitals.

Founded

2018

Managing Director

Prabhat Agrawal

Parent Organization

IPO Objectives

The net proceeds from the issue will be utilized for repayment and prepayment of the certain borrowing availed by the company. Furthermore, the funds will be also used to fund the long term working capital requirements. Also to pursue inorganic growth initiatives through acquisitions. The general corporate purposes will also be fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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