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.
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.
Entero Healthcare Solutions IPO – Details
| IPO Opening Date | 09 February 2024 |
| IPO Closing Date | 13 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,27,18,600 Shares Worth ₹1600.00 Crore Fresh Issue: 79,49,125 Shares Worth ₹1000.00 Crore Offer For Sale: 47,69,475 Shares Worth ₹600.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹1195 – ₹1258 |
| Market Lot | 11 Shares |
| Min Order | 11 Shares ( 1 Lot ) |
| Employee Discount | ₹119 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Entero Healthcare Solutions IPO – Date Schedule
| IPO Open Date | 09 February 2024 |
| IPO Close Date | 13 February 2024 |
| Basis of Allotment Date | 14 February 2024 |
| Initiation of Refund | 15 February 2024 |
| Credit of Shares to Demat Account | 15 February 2024 |
| IPO Listing Date | 16 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 13 February 2024 |
Entero Healthcare Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 11 | ₹13,838 |
| Retail (Max) | 14 | 154 | ₹1,93,752 |
| S-HNI (Min) | 15 | 165 | ₹2,07,570 |
| S-HNI (Max) | 72 | 792 | ₹9,96,336 |
| B-HNI (Min) | 73 | 803 | ₹10,10,174 |
Competitive Strengths
- The company operate in the large and highly fragmented Indian healthcare products distribution market and expect to benefit from market consolidation.
- The company is one of India’s largest and fastest growing healthcare products distribution platforms.
- The company has a track record of inorganic expansion and integration to grow its geographic reach, revenues and scale.
- The company has a differentiated business model offering comprehensive and integrated commercial and supply chain solutions.
- The company has a proprietary technology platform with integrated business intelligence tools and solutions.
- The Company has a experienced, committed and qualified founding and professional management team with deep industry expertise and backed by healthcare focused investor.
Company Promoters
- Prabhat Agrawal
- Prem Sethi
- OrbiMed Asia III Mauritius Limited
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 1783.66 | 1794.50 | -15.35 | 141.70 |
| 31 March 2022 | 2526.54 | 2546.35 | -29.43 | 285.03 |
| 31 March 2023 | 3305.72 | 3309.40 | -11.10 | 373.52 |
| 30 September 2023 | 1898.97 | 1885.30 | 11.64 | 488.68 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -2.66% |
| ROCE | 6.06% |
| Debt/Equity | 0.45 |
| RoNW | -1.86% |
| P/BV | 7.22 |
Object 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 Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | MedPlus Health Services Limited | 216.07 |
Entero Healthcare Solutions IPO Promoter Holding
| Pre Issue Share Holding | 77.11% |
| Post Issue Share Holding | 52.44% |
Entero Healthcare Solutions IPO Prospectus
Company Contact Information
| 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: jayant.prakash@enterohealthcare.com Website: https://www.enterohealthcare.com/ |
Entero Healthcare Solutions IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: enterohealthcare.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Entero Healthcare Solutions IPO Lead Manager(s)
| 1. Dam Capital Advisors Ltd 2. ICICI Securities Limited 3. SBI Capital Markets Limited 4. Jefferies India Private Limited 5. JM Financial Limited |
Entero Healthcare Solutions IPO FAQs
| What is Entero Healthcare Solutions IPO? Entero Healthcare Solutions IPO is a main-board IPO. The issue is priced at ₹1195 to ₹1258 per equity share. The IPO is to be listed on BSE & NSE. |
| When Entero Healthcare Solutions IPO will open? The IPO is to open on 09 February 2024 for QIB, NII, and Retail Investors. |
| What is Entero Healthcare Solutions IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Entero Healthcare Solutions IPO? You can apply 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 Angle One? Log in to Angle One 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 Angle One. |
| How to Apply the Entero Healthcare Solutions IPO through 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Entero Healthcare Solutions IPO through Upstox? Log in to 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 IIFL? Log in to IIFL 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 IIFL. |
| What is Entero Healthcare Solutions IPO Size? Entero Healthcare Solutions IPO size is ₹1600.00 Crore. |
| 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 154 Shares with ₹1,93,732. |
| What is the Entero Healthcare Solutions IPO Allotment Date? Entero Healthcare Solutions IPO allotment date is 14 February 2024. |
| What is the Entero Healthcare Solutions IPO Listing Date? Entero Healthcare Solutions IPO listing date is 16 February 2024. The IPO is to list on BSE and NSE. |
