Entero Healthcare Solutions Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 9,491,256 (75%) | — | ₹119,400 Cr |
| NII (HNI) | — | 1,898,251 (15%) | — | ₹23,880 Cr |
| Retail | — | 1,265,500 (10%) | — | ₹1,592 Cr |
| Employee | — | 70,237 (1%) | — | ₹88 Cr |
| Σ Total | — | 12,725,244 (100%) | — | ₹1,600,836 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 11 | ₹13,838 |
| Retail (Max) | 13 | 143 | ₹179,894 |
| S-HNI (Min) | 14 | 154 | ₹193,732 |
| B-HNI (Min) | 67 | 737 | ₹927,146 |
Financial Statements Amount in Crore
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 1,899 | 3,306 | 2,527 |
| Profit After Tax | 12 | -11 | -29 |
| Net Worth | 661 | 598 | 563 |
| Total Assets | 1,506 | 1,309 | 1,126 |
| Total Borrowing | 489 | 374 | 285 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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. –
Company Overview
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.
As of 31st March, 2023, the company employs a total of 3014 people in various departments.