Entero Healthcare Solutions IPO

Entero Healthcare Solutions Limited

₹13,145 /11 sharesMinimum Investment

Entero Healthcare Solutions IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹1,258.00₹1,245.00-₹13.00 (1.03%)

Entero Healthcare Solutions IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
9 Feb ‘24 - 13 Feb ‘24₹13,14511₹1,195 - ₹1,258
Issue SizeIPO Doc
1600.00Cr
RHP PDF

Subscription Status As on Invalid Date

  • Qualified Institutional Buyers
    2.28x
  • Non-Institutional Investor
    0.22x
  • Retail Individual Investor
    1.33x
  • Employees
    1.25x
  • Total
    1.53x

About Entero Healthcare Solutions

Entero Healthcare Solutions operates as a distributor of healthcare products. They facilitate access for healthcare product manufacturers to pharmacies, hospitals, and clinics across India. The company’s warehouses are spread nationwide and it has a last-mile delivery system. With this, it can provide healthcare products to reach a diverse customer base. Simultaneously, the pharmacies, hospitals, and clinics they serve gain access to various healthcare products through their distribution network and manufacturer relationships. Entero has established supply partnerships with over 1,900 healthcare product manufacturers, granting them access to more than 64,500 product stock-keeping units.;
Parent Organisation
Entero Healthcare Solutions Limited
Founded
2018
Managing Director
Mr. Prabhat Agrawal

Strengths & Risks

  • As per CRISIL report, Entero Healthcare Solutions ranks among the top three healthcare product distributors in India based on revenue for FY 2022. They reported an operating income of Rs. 2,522.06 crore during the same period.
  • The company has been able to scale up its operations rapidly. Within four years of operation, they reached an operating income of Rs. 2,500 crore.
  • With 73 distribution warehouses spread across 37 cities in 19 states and union territories, Entero provides extensive access to healthcare product manufacturers. Their customer base includes 81,400 pharmacies and 3,400 hospitals across 495 districts as of March 31, 2023.
  • Entero’s warehouses, totalling 424,028 square feet, are equipped with temperature monitoring systems and modern storage solutions. Trained manpower ensures strict adherence to temperature requirements for optimal storage of healthcare products.
  • Entero Healthcare Solutions follows a pan-India strategy by acquiring and integrating smaller distributors. This approach aims to broaden their reach and increase wallet share from customers. Since their inception in 2018, they have acquired 32 entities in the healthcare products distribution industry.
  • To enhance efficiency in healthcare product distribution, Entero relies on proprietary integrated technology platforms and business intelligence tools.
  • Entero Healthcare Solutions faces significant working capital requirements and has accumulated substantial indebtedness. As of March 31, 2023, the outstanding borrowings amount to Rs. 374.31 crore.
  • The company is currently involved in legal proceedings, including its subsidiaries, directors, and promoters.
  • Operational and logistical risks pose a potential threat to Entero Healthcare Solutions, and existing insurance coverage may not provide complete protection against all possible losses.
  • The company has contingent liabilities and commitments, with a total amount of Rs. 0.296 crore, which could adversely impact its financial condition if these liabilities materialize.
  • Entero Healthcare Solutions incurred losses in the Financial Years 2021, 2022, and 2023. It incurred losses of Rs. 15.35 cr, Rs. 29.43 cr and Rs. 11.10 cr in 2021, 2022, and 2023 respectively.
  • Any disruptions to warehouse operations or the development of new warehousing and logistics facilities may negatively affect Entero Healthcare Solutions' business, financial condition, and operational results.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular1195 - 1258₹2 Lakh
Employee1076 - 1139₹2 Lakh
High Networth Individual1195 - 1258₹2 - 5 Lakh
For Entero Healthcare Solutions IPO, eligible investors can apply as Regular & Employee.
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