Entero Healthcare Solutions Ltd. IPO

Entero Healthcare, India's rising healthcare distributor star, connects manufacturers, pharmacies, and hospitals seamlessly. Founded in 2018, they've grown rapidly, becoming a top 3 player with a nationwide network. Their secret? A tech-driven platform offering efficient distribution, vast product availability, and valuable data insights. Pharmacies benefit from one-stop shopping, high fill rates, and digital tools. Hospitals gain access to a wider range of products and cold chain logistics. Manufacturers enjoy market reach, regulatory compliance support, and marketing solutions. Entero's experienced team and strategic partnerships fuel their mission to revolutionize healthcare distribution in India.

RHP
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DRHP
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Open Date

2024-02-09

Close Date

2024-02-13

Entero Healthcare Solutions Ltd. IPO Details

Check out the issue details for Entero Healthcare Solutions Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 1258

Price Band

₹ 1195 - 1258

Issue Size

1600 Cr.

Issue Type

Book Built

Open

2024-02-09

Close

2024-02-13

Listingprice

₹ 1228.7

ListingGain

-2.33%

Listing Date

2024-02-16

CMP

₹ 1423.4

Current Return

13.15%

Company Financials

You can get the following financial statements of Entero Healthcare Solutions Ltd. as of now.

The details about the Entero Healthcare Solutions Limited IPO is as:

  • The issue size of the IPO is 1600 Cr.
  • The price band for Entero Healthcare Solutions Limited IPO is Rs 1195 to Rs 1258.
  • The shares of Entero Healthcare Solutions Limited IPO will list on 16th February 2024.
  • The latest tentative GMP of Entero Healthcare Solutions Limited IPO is Rs 10.
  • The shares of Entero Healthcare Solutions Limited IPO is subscribed 1.43 Times as of 13th February 2024.  

 

Entero Healthcare Solutions Limited IPO Valuation

The approx valuation of Entero Healthcare Solutions Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 1258
Existing Shares (Qty) 3.55 Cr
Fresh Issue 1000 Cr
Market Cap 5465.9 Cr
EPS (FY23) Rs -3.10
Industry PE 177.21xe

 

Entero Healthcare Solutions Limited IPO Issue Size

Entero Healthcare Solutions Limited IPO issue size is 1600 Cr

Issue Amount
Fresh Issue 1000 Cr
Offer For Sale 600 Cr

 

Entero Healthcare Solutions Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 11 shares and a maximum of 14 lots of 154 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 11 13,838
 Maximum 14 154 1,93,732

 

Entero Healthcare Solutions Limited IPO share offer

The shares of Entero Healthcare Solutions Limited IPO is subscribed 1.43 Times as of 13th February 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 2.29 Times
Non-Institutional Maximum 15% 0.22 Times
Retail Individual Maximum 10% 0.92 Times
Employee 70,625 Shares 1.32 Times
Total   1.43 Times

Find below the dates for Entero Healthcare Solutions Limited IPO:

Schedule Date
Basis of Allotment 14 February 2024
Refunds 15 February 2024
Credit to Demat Account 15 February 2024
IPO Listing Date 16 February 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 104.87 137.29 177.69 318.16
Total Expenditure 136.84 191 221.61 352.66
Operating Profit -31.98 -53.72 -43.92 -34.49
Other Income 23.43 26.87 52.57 89.93
Interest 2.26 5.29 11.3 22.32
Depreciation 7.35 8.71 9.8 8.75
Exceptional Items 0 0 0 0
Profit Before Tax -18.15 -40.85 -12.46 24.37
Provision for Tax 0 0 0 -14.08
Net Profit -18.15 -40.85 -12.46 38.44
Adjusted EPS (Rs.) -181.52 -10.61 -3.03 0.88

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 517.21 622.84 667.73 43.49
Total Reserves -30.78 -71.63 -83.99 1582.92
Borrowings 0 0 28 0
Other N/C liabilities 21.46 22.92 17.23 0.31
Current liabilities 24.81 79.96 134.61 127.82
Total Liabilities 532.71 654.08 763.57 1754.54
Assets
Net Block 50.19 51.42 40.65 34.44
Capital WIP 0 0 0 0
Intangible WIP 2.24 0.05 0 0
Investments 38.71 39.43 40.64 40.54
Loans & Advances 5.14 5.91 7.87 13.51
Other N/C Assets 0 0 1.4 5.06
Current Assets 436.43 557.27 673 1660.99
Total Assets 532.71 654.08 763.57 1754.54
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 16.25 42.4 32.17 28.81
Profit Before Tax 0.7 25.87 27.74 20.22
Tax -0.25 -11.41 6.87 4.89
Profit After Tax 0.95 37.28 20.88 15.33
Adjusted EPS (Rs) 0.59 8.57 4.8 3.52

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 52.44 0
Jun 2024 52.44 0
Mar 2024 52.44 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -18.15 -40.85 -12.46 24.37
Adjustment -13.21 -9.38 -29.51 -38.43
Changes in Assets & Liabilities -37.28 6.49 -12.41 -59.79
Tax Paid 0.45 -0.96 -2.53 -1.79
Operating Cash Flow -68.2 -44.7 -56.91 -75.65
Investing Cash Flow -7.21 -68.8 -58.29 -762.69
Financing Cash Flow 75.5 127.48 91.11 925.56
Net Cash Flow 0.09 13.98 -24.09 87.22
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