What is the issue size of Entero Healthcare Solutions Limited IPO?

The issue size of the Entero Healthcare Solutions Limited IPO is Rs. 1,600 crores

What is 'pre-apply' for Entero Healthcare Solutions Limited IPO?

Pre-apply will allow you to apply for the Entero Healthcare Solutions Limited IPO 2 days before the subscription period starts.

If I pre-apply for Entero Healthcare Solutions Limited IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Entero Healthcare Solutions Limited IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Entero Healthcare Solutions Limited IPO order is placed?

We will notify you when your Entero Healthcare Solutions Limited IPO order is placed with the exchange.

What are the open and close dates of the for Entero Healthcare Solutions Limited IPO?

Entero Healthcare Solutions Limited IPO will be open between 9 Feb - 13 Feb, 2024.

What is the lot size and minimum order quantity of the Entero Healthcare Solutions Limited IPO?

Entero Healthcare Solutions Limited IPO lot size is 11 shares

What are the allotment dates for the Entero Healthcare Solutions Limited IPO?

Entero Healthcare Solutions Limited IPO allotment date is 14 Feb, 2024. For Entero Healthcare Solutions Limited IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Entero Healthcare Solutions Limited IPO?

Entero Healthcare Solutions Limited IPO registrar is Link Intime India Private Ltd. You can check Entero Healthcare Solutions Limited IPO allotment status on the website of the registrar.

Where is the Entero Healthcare Solutions Limited IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Entero Healthcare Solutions IPO

Entero Healthcare Solutions Limited

₹13,145 /11 sharesMinimum Investment

Entero Healthcare Solutions  IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹1,258.00₹1,245.00-₹13.00 (1.03%)
Entero Healthcare Solutions  IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
9 Feb ‘24 - 13 Feb ‘24₹13,14511₹1,195 - ₹1,258
Issue SizeIPO Doc
1600.00CrRHP PDF
Subscription Status As on Invalid DateQualified 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 detailsApply asPrice bandApply upto
Regular₹1195 - 1258₹2 Lakh
Employee₹1076 - 1139₹2 Lakh
High Networth Individual₹1195 - 1258₹2 - 5 Lakh
For Entero Healthcare Solutions IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹1,258.00	₹1,245.00	-₹13.00 (1.03%)

Bidding Dates	Min. Investment	Lot Size	Price Range
9 Feb ‘24 - 13 Feb ‘24	₹13,145	11	₹1,195 - ₹1,258

Issue Size	IPO Doc
1600.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹1195 - 1258	₹2 Lakh
Employee	₹1076 - 1139	₹2 Lakh
High Networth Individual	₹1195 - 1258	₹2 - 5 Lakh

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