Entero Healthcare Solutions Limited IPO
- IPO Date09 Feb, 2024 to 13 Feb, 2024
- Listing Date16 Feb, 2024
- Face Value₹10 per share
- Issue Price₹1195 to ₹1258 per share
- Lot Size11 Shares
- Minimum Investment₹13,838
- Listing AtBSE, NSE
- Total Issue Size1,27,18,600 Shares
(aggregating up to ₹1600.00 Cr) - Fresh Issue79,49,125 Shares
(aggregating up to ₹1000.00 Cr)
- Offer for Sale47,69,475 Shares
(aggregating up to ₹600.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue3,95,77,705
- Shareholding post issue4,75,26,832
IPO Dates
Closing Date
13 Feb, 2024
Initiation of Refunds
15 Feb, 2024
Listing Date
16 Feb, 2024
09 Feb, 2024
Opening Date
14 Feb, 2024
Basis of Allotment
15 Feb, 2024
Credit of Shares
Entero Healthcare Solutions Limited Lot Size
Investors can bid for a minimum of 11 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 72 | 792 | ₹9,96,336 |
| Retail (Max) | 14 | 154 | ₹1,93,732 |
| S-HNI (Min) | 15 | 165 | ₹2,07,570 |
| Retail (Min) | 1 | 11 | ₹13,838 |
| B-HNI (Min) | 73 | 803 | ₹10,10,174 |
Entero Healthcare Solutions Limited Promoter Holding
The promoters of the company are Prabhat Agrawal, Prem Sethi, and OrbiMed Asia III Mauritius Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 77.11% | - |
Entero Healthcare Solutions Limited COMPANY INFORMATION
Entero Healthcare Solutions IPO is a book built issue of Rs 1,600.00 crores. The issue is a combination of fresh issue of 0.79 crore shares aggregating to Rs 1,000.00 crores and offer for sale of 0.48 crore shares aggregating to Rs 600.00 crores. Entero Healthcare Solutions IPO bidding started from February 9, 2024 and ended on February 13, 2024. The allotment for Entero Healthcare Solutions IPO was finalized on Wednesday, February 14, 2024. The shares got listed on BSE, NSE on February 16, 2024. Entero Healthcare Solutions IPO price band is set at ₹1195 to ₹1258 per share. The minimum lot size for an application is 11 Shares. The minimum amount of investment required by retail investors is ₹13,838. The minimum lot size investment for sNII is 15 lots (165 shares), amounting to ₹207,570, and for bNII, it is 73 lots (803 shares), amounting to ₹1,010,174. The issue includes a reservation of up to 74,349 shares for employees offered at a discount of Rs 119 to the issue price.
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.
FAQs About Entero Healthcare Solutions Limited Ipo
Entero Healthcare Solutions Limited IPO will open on 09 Feb, 2024 and close on 13 Feb, 2024. Investors must apply within this period to participate.
The Entero Healthcare Solutions Limited IPO price band is set between ₹1195.00 and ₹1258.00 per share. The minimum lot size is 11, requiring an investment of at least ₹13838.00.
The Entero Healthcare Solutions Limited IPO shares are expected to be listed on 16 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Entero Healthcare Solutions Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Entero Healthcare Solutions Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.