Entero Healthcare Solutions Limited Incorporated in 2018, 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.
Entero Healthcare Solutions Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 09 Feb 2024 |
| IPO Close Date | 13 Feb 2024 |
| Allotment Date | 14 Feb 2024 |
| IPO Listing Date | 16 Feb 2024 |
Entero Healthcare Solutions Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 1195 to Rs. 1258 Per Equity Share |
| Market Lot | 11 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 1600 Crore. |
Entero Healthcare Solutions Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 11 | Rs. 13838 |
| Maximum | 14 | 154 | Rs. 193732 |
| Small HNI (Minimum) | 15 | 165 | Rs. 207570 |
| Big HNI (Minimum) | 73 | 803 | Rs. 1010174 |
Entero Healthcare Solutions Limited IPO Allotment Status & IPO forms
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Click Here To Get ASBA Forms Entero Healthcare Solutions Limited IPO
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 1308.73 | 1125.98 | 833.79 |
| Total Revenue | 3305.72 | 2526.55 | 1783.67 |
| Profit After Tax | -11.10 | -29.44 | -15.35 |
Company Promoters:
The promoters of the company are Prabhat Agrawal, Prem Sethi, and OrbiMed Asia III Mauritius Limited.
Purpose of the Issue
- Repayment/prepayment, in full or part, of certain borrowings availed of by the company and its Subsidiaries.
- Funding the long term working capital requirements.
- Pursuing inorganic growth initiatives through acquisitions.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 | 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 |
