Entero Healthcare Solutions Limited

Company Profile
Company Name Entero Healthcare Solutions Limited
Open Date 09-02-2024
Close Date 13-02-2024
Exchange BSE, NSE
Lot Size 11 Shares
Issue Price ₹1195 to ₹1258 per share
Issue Size 1,27,18,600 shares
Application Amount Min. Inv. - ₹ 13,838 (11 shares) Max. Inv. – ₹ 193,732 (154 shares)
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply

Entero Healthcare Solutions Limited was originally incorporated in the year 2018 and has its registered office in Faridabad, Haryana, India.The company primary line of business is in the distribution of healthcare products to retail pharmacies, hospitals and healthcare clinics in India. The company adds value to the healthcare product manufacturers that work with them by providing them reach and accessibility to pharmacies, hospitals and clinics through integrated and technology driven, pan-India healthcare products distribution platform.As of 30th September 2023, the Company had 3,181 employees, and 131 contract employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 833.79 1,125.98 1,308.73 1,505.95
Net Assets 487.06 563.22 597.66 660.54
Total Borrowings 141.70 285.03 373.52 488.68
Total Revenue 1,783.67 2,526.55 3,305.72 1,898.98
Profit After Tax -15.35 -29.44 -11.10 11.64

Tentative Timeline

Opening Date 09/02/2024
Closing Date 13-02-2024
Basis of Allotment 14-02-2024
Initiation of Refunds 15-02-2024
Credit of Shares to Demat 15-02-2024
Listing Date 16-02-2024

Objects of the Issue

Repayment/prepayment, in full or part, of certain borrowings availed of by the Company.
Funding of long-term working capital requirements of the Company and its Subsidiaries during Fiscals 2025 and 2026.
Pursuing inorganic growth initiatives through acquisitions.
General corporate purposes.

Contact Information

Registered Office 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/

Registrar Details

Name 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

IPO Reservation

QIB 3,808,069 (29.65%)
NII 1,960,609 (15.26%)
RII 1,307,073 (10.18%)
Anchor investors 5,694,753 (44.33%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 77.11%
Share Holding Post Issue (Promoters) 52.44%

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