Entero Healthcare Solutions Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

09 Feb 2024

Close Date

13 Feb 2024

Allotment

14 Feb 2024

Listing Date

16 Feb 2024

Exchange

NSE & BSE

Price Band

₹1,258

Listing Price

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Allotment Status

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Price Band

₹1,258

Per share

Face Value

₹10 per share

Lot Size

11 Shares

per lot

Issue Size

1,27,20,044 shares (aggregating up to ₹1,600.00 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹13,838

1 lot

Pre-IPO Holding

3,95,77,705 shares

Promoters

Post-IPO Holding

4,75,26,830 shares

Promoters

P/E (Post)

129.75x

EPS (Pre)

₹0.00

EPS (Post)

₹9.70

UPI Deadline

2024-02-13

Mandate

Anchor AllotmentThu, 08 Feb 2024

Basis of AllotmentWed, 14 Feb 2024

Refund InitiationThu, 15 Feb 2024

Demat CreditThu, 15 Feb 2024

Listing DayFri, 16 Feb 2024

UPI Mandate Deadline2024-02-13

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares79,52,518 shares (aggregating up to ₹1,000.31 Cr)

Offer for Sale47,67,526 shares of ₹10 (aggregating up to ₹599.69 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Entero Healthcare Solutions Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 13 Feb 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	12,725,244	100%	₹1,600.84

IPO Shares Offered

Entero Healthcare Solutions Ltd. IPO total issue size: ₹1,600.84 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	12,725,244	₹1,600.84	100.00%

* Based on upper price band ₹1,258 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹1,258.00

Upper Band

Min Investment

₹13,838

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	22	₹27,676
Retail (Max — 14 Lots)	14	154	₹193,732
S-HNI (Min — 15 Lots)	15	165	₹207,570
B-HNI (Min — 73 Lots)	73	803	₹1,010,174

* Issue Price ₹1,258 × Lot Size 11 shares

IPO Schedule

Anchor

08 Feb 2024

✓ Done

IPO Open

09 Feb 2024

✓ Done

IPO Close

13 Feb 2024

✓ Done

Allotment

14 Feb 2024

✓ Done

Refunds

15 Feb 2024

✓ Done

Demat Credit

15 Feb 2024

✓ Done

Listing Day

16 Feb 2024

✓ Done

₹1,258.00

INR · BSE

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Issue ₹1,258.00 Live Price

About Entero Healthcare Solutions Ltd.

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. 

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.

Entero Healthcare Solutions Ltd. Financials (Amount in Crore)

Revenue from Operations

₹2,526.6

31 Mar 2022

₹3,305.7

31 Mar 2023

₹1,899.0

30 Sep 2023

Profit After Tax (PAT)

-₹29.4

31 Mar 2022

-₹11.1

31 Mar 2023

₹11.6

30 Sep 2023

Particulars	30 Sep 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	1898.98	3305.72	2526.55
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	11.64	-11.10	-29.44
Net Worth	660.54	597.66	563.22
Total Assets	1505.95	1308.73	1125.98
Reserves & Surplus	N/A	N/A	N/A
Borrowings	488.68	373.52	285.03
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

7.22

RoE

-2.66%

RoCE

6.06%

RoNW

-1.86%

Debt/Equity

0.45

Issue Structure & Shareholding

Total Shares Offered1,27,25,244 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding3,95,77,705 shares

Post-Issue Promoter Holding4,75,26,830 shares

P/BV Ratio7.22

RoE-2.66%

RoCE6.06%

Debt / Equity0.45

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

enterohealthcare.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

ICICI Securities Ltd.

Dam Capital Advisors Ltd.

Jefferies India Pvt.Ltd.

JM Financial Ltd.

SBI Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Entero Healthcare Solutions Ltd. IPO subscribed? ▲

Entero Healthcare Solutions Ltd. IPO is subscribed 1.00 times by Feb 13, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Entero Healthcare Solutions Ltd. IPO retail subscription status? ▼

The Entero Healthcare Solutions Ltd. IPO retail category is subscribed 1.00 times as of 13 Feb 2024. The retail portion is oversubscribed.

How to subscribe Entero Healthcare Solutions Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 09 Feb 2024 and closes 13 Feb 2024. Min investment: ₹13,838 (1 lot = 11 shares). UPI mandate: 2024-02-13.

How many times Entero Healthcare Solutions Ltd. IPO subscribed? ▼

The Entero Healthcare Solutions Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Entero Healthcare Solutions Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Feb 2024. Refunds: on 15 Feb 2024.

When Entero Healthcare Solutions Ltd. IPO will be listed? ▼

The Entero Healthcare Solutions Ltd. IPO listing date is 16 Feb 2024, Friday. Listed on: NSE & BSE. Issue price: ₹1,258. Estimated listing: ₹1,258. GMP: NIL.

When Entero Healthcare Solutions Ltd. IPO close? ▼

The Entero Healthcare Solutions Ltd. IPO closes on 13 Feb 2024, Tuesday. UPI mandate: 2024-02-13. Allotment: 14 Feb 2024. Listing: 16 Feb 2024.

Quick Actions

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Live Price LIVE

Last Price₹1,258.00

Change—

Issue Price₹1,258.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹1,258

Face Value₹10

Lot Size11 Sh

Min. Amount₹13,838

GMPNIL

Est. Listing₹1,258

Subscribed1.00x

Open Date09 Feb 2024

Close Date13 Feb 2024

Allotment14 Feb 2024

Listing Date16 Feb 2024

ExchangeNSE & BSE

UPI Deadline2024-02-13