Entero Healthcare Solutions IPO Review

 
Entero Healthcare Solutions IPO Review

IPO Open Date: February 9, 2024

IPO Close Date: February 13, 2024

IPO Price: ₹1195 to ₹1258 per share

Lot Size: 11 Shares

Listing: February 16, 2024

Entero Healthcare Solutions is scheduled to hit the market on February 09, 2024 and close on February 13, 2024. Entero Healthcare Solutions plans to raise around ₹1,600.00 Cr through an IPO with a sale of up to 12,718,600 equity shares of ₹10 each. The Retail offered 10%, QIB Shares Offered 75%, HNI Shares Offered 15%.

Established in 2018, Entero Healthcare Solutions Limited operates as a distributor of healthcare products in India, offering its services to pharmacies, hospitals, and clinics nationwide through a technology-driven platform. The company has seen significant growth over the fiscal years of 2021, 2022, and 2023, serving an increasing number of retail and hospital customers during this period. By collaborating with over 1,900 healthcare product manufacturers, Entero Healthcare Solutions has secured access to a wide array of product stock-keeping units, totaling over 64,500 as of March 31, 2023.

With a network comprising 73 warehouses spread across 37 cities in 19 states and union territories, Entero Healthcare Solutions has established a strong presence in the healthcare product distribution sector. By catering to over 81,400 pharmacies and 3,400 hospitals in 495 districts by March 31, 2023, the company ensures seamless access to healthcare product manufacturers. Employing a total of 3014 individuals across various departments as of the same date, Entero Healthcare Solutions continues to expand its operations and maintain its prominence in the industry.

Entero Healthcare Solutions


Entero Healthcare Solutions IPO Details

Entero Healthcare Solutions IPO opens on Feb 09, 2024, and closes on Feb 13, 2024. The Listing date for Entero Healthcare Solutions IPO is on Feb 16, 2024. The price band for IPO is ₹1195 to ₹1258 per share and lot size of 11 Shares.

IPO DateFeb 09, 2024 to Feb 13, 2024
Listing DateFeb 16, 2024
Price₹1195 to ₹1258 per share
Lot Size11 Shares
Issue Size₹1,600.00 Cr
Face Value₹10 per share

Entero Healthcare Solutions IPO Tentative Timetable

Entero Healthcare Solutions opening date is February 09, 2024 and close date is February 13, 2024. The IPO allotment date is February 14, 2024. The refund initiation of IPO is on February 15, 2024. The credit of shares in demat account is on February 15, 2024. The listing date is on February 16, 2024.

EventDate
IPO OpeningFeb 09, 2024
IPO ClosingFeb 13, 2024
IPO Allotment DateFeb 14, 2024
Refund InitiationFeb 15, 2024
Shares Credit to DematFeb 15, 2024
Lisiting DateFeb 16, 2024

Entero Healthcare Solutions IPO Lot Size

Lot Size of this IPO is 11 shares. A retail-individual investor can apply for up to 14 lots (154 shares or ₹193,732).

CategoryLotsSharesAmount
Retail(Minimum)111₹13,838
Retail(Maximum)14154₹193,732
S-HNI (Minimum)15165₹207,570
B-HNI (Minimum)73803₹1,010,174

Entero Healthcare Solutions IPO Promoter Holding

Pre Issue Share Holding76.54%
Post Issue Share Holding%

Entero Healthcare Solutions IPO Review

Entero Healthcare Solutions Limited has recently entered the IPO market, seeking to secure funds for its future operations. The company's financial data as of March 31, 2023, reflects a negative EPS and P/E ratio, indicating a period of financial struggle. In comparison to its competitor, Medplus Health Services Limited, Entero Healthcare Solutions falls short in terms of earnings per share and profitability figures. Despite these challenges, Entero Healthcare Solutions boasts a respectable Net Asset Value (NAV) of Rs 157.08 per share, showcasing a strong asset foundation.

Potential investors eyeing Entero Healthcare Solutions IPO should carefully analyze the company's Return on Net Worth (RoNW) and NAV as key indicators of its financial health and growth potential. While the negative EPS and high P/E ratio may raise concerns, the company's solid NAV suggests underlying value in its assets. It is crucial for investors to conduct thorough due diligence on Entero Healthcare Solutions' business strategy, competitive positioning, and future outlook before committing any capital. By delving deeper into these aspects, investors can make informed decisions regarding the IPO offering.

In conclusion, Entero Healthcare Solutions IPO presents an intriguing opportunity for investors to consider. Despite facing challenges in terms of profitability metrics, the company's strong asset base reflected in its NAV per share indicates potential for growth and recovery. Investors are advised to weigh the company's financial performance against its industry peers, conduct thorough research, and consult with financial advisors to make well-informed investment choices regarding Entero Healthcare Solutions IPO.

Entero Healthcare Solutions IPO Subscription Status (Bidding Details)

Table not found

Entero Healthcare Solutions IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Entero Healthcare Solutions IPO FAQs

What is Entero Healthcare Solutions IPO?

Entero Healthcare Solutions is issuing 12,718,600 equity shares with a face value of ₹10 each, totaling up to ₹1,600.00 Cr. The shares are being offered at a price of ₹1195 to ₹1258 each, with a minimum order quantity of 11 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Entero Healthcare Solutions IPO will open?

Entero Healthcare Solutions will open on February 09, 2024 for QIB, NII, and Retail Investors.

When Entero Healthcare Solutions IPO will end?

Entero Healthcare Solutions will end on February 13, 2024.

What is Entero Healthcare Solutions IPO Size?

Entero Healthcare Solutions IPO size is ₹1,600.00 Cr.

What is Entero Healthcare Solutions IPO Price Band?

Entero Healthcare Solutions price band is ₹1195 to ₹1258 per share.

What is the Entero Healthcare Solutions IPO Allotment Date?

Entero Healthcare Solutions allotment date is February 14, 2024.

What is the Entero Healthcare Solutions IPO Listing Date?

Entero Healthcare Solutions listing date is February 16, 2024. The IPO is to be listed on BSE and NSE.

How to Entero Healthcare Solutions IPO through Zerodha?

To apply for the IPO “Entero Healthcare Solutions” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Entero Healthcare Solutions IPO through Upstox?

To apply for the IPO “Entero Healthcare Solutions” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Entero Healthcare Solutions IPO Allotment Status?

For Entero Healthcare Solutions IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Entero Healthcare Solutions IPO GMP?

You can check out here: Entero Healthcare Solutions IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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