Entero Healthcare Solutions IPO is set to open from 9th February to 13th February 2024. The company distributes healthcare products. The IPO includes a fresh issue of 7,949,125 shares worth ₹1000.00 cr. and an Offer-for-Sale (OFS) of 4,769,475 shares worth ₹600.00 cr. The total IPO size is ₹1600.00 cr. The share allotment date is 14th February 2024, and the IPO will be listed on 16th February 2024 on the stock exchanges. The price band is set at ₹1195 to ₹1258 and the lot size is 11 shares.
Entero Healthcare Solutions operates as a distributor of healthcare products. They facilitate access for healthcare product manufacturers to pharmacies, hospitals, and clinics across India. The company’s warehouses are spread nationwide and it has a last-mile delivery system. With this, it can provide healthcare products to reach a diverse customer base. Simultaneously, the pharmacies, hospitals, and clinics they serve to gain access to various healthcare products through their distribution network and manufacturer relationships. Entero has established supply partnerships with over 1,900 healthcare product manufacturers, granting them access to more than 64,500 product stock-keeping units.
Refer to Entero Healthcare Solutions IPO RHP for detailed information.
Entero Healthcare Solutions company overview
Founded in 2018, Entero Healthcare Solutions is a distributor of medical supplies and, as of FY22, is among the top three distributors in India based on revenue. The business functions as an integrated, technology-driven platform for the distribution of healthcare items.
Entero Healthcare Solutions operated 73 distribution warehouses in 37 cities across 19 Indian states as of March 2023. During the same time period, it served 3,400 hospitals and 81,400 pharmacies in 495 Indian districts. The company reached over 64500 SKUs and maintained supply relationships with 1900 manufacturers of healthcare products.
Brokerage Firm Entero Healthcare Solutions IPO Review apply or not.
Here are the top brokerage firms and their Review of Entero Healthcare Solutions IPO
- Anand Rathi: Unknown
- Elite Wealth: Avoid
- BP Wealth: Apply
- Marwadi Shares and Finance: Unknown
- Reliance Securities: Apply
- Samco Securities: Avoid
- Ventura Securities: Apply
Entero Healthcare Solutions IPO Details
| IPO Date | February 9, 2024 to February 13, 2024 |
| Listing Date | Friday, February 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹1195 to ₹1258 per share |
| Lot Size | 11 Shares |
| Total Issue Size | 12,718,600 shares (aggregating up to ₹1,600.00 Cr) |
| Fresh Issue | 7,949,125 shares (aggregating up to ₹1,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Employee Discount | Shareholding post issue |
| Listing At | BSE, NSE |
| Shareholding post issue | 39,577,705 |
| Share holding post issue | 47,526,830 |
Entero Healthcare Solutions IPO Timeline
Entero Healthcare Solutions IPO opens on February 9, 2024, and closes on February 13, 2024.
| IPO Open Date | Friday, February 9, 2024 |
| IPO Close Date | Tuesday, February 13, 2024 |
| Basis of Allotment | Wednesday, February 14, 2024 |
| Initiation of Refunds | Thursday, February 15, 2024 |
| Credit of Shares to Demat | Thursday, February 15, 2024 |
| Listing Date | Friday, February 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 13, 2024 |
Entero Healthcare Solutions IPO Lot Size & Application Detail
| Retail (Min) | 1 | 11 | ₹13,838 |
| Retail (Max) | 13 | 154 | ₹193,732 |
| S-HNI (Min) | 14 | 165 | ₹207,570 |
| S-HNI (Max) | 68 | 792 | ₹996,336 |
| B-HNI (Min) | 69 | 803 | ₹1,010,174 |
Entero Healthcare Solutions IPO Promoter Holding
| Share Holding Pre-Issue | 77.11% |
| Share Holding Post Issue |
Entero Healthcare Solutions IPO Financials
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Entero Healthcare Solutions IPO FAQs
When Entero Healthcare Solutions IPO will open?
The Entero Healthcare Solutions IPO opens on February 9, 2024, and closes on February 13, 2024
What is the lot size of the Entero Healthcare Solutions IPO?
Entero Healthcare Solutions IPO lot size is 11 Shares, and the minimum amount required is ₹13,838.
When is the Entero Healthcare Solutions IPO allotment?
Allotment for Entero Healthcare Solutions IPO will be done on Wednesday, February 14, 2024, and the allotted shares will be credited to your demat account by Thursday, February 15, 2024.