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IPO Status: Listed [9th Feb 2024 to 13th Feb 2024]
Entero Healthcare Solutions IPO, a Mainline IPO of ₹1600.00 Cr was launced on 09-02-2024 to 13-02-2024 and the shares got listed on BSE, NSE on 16-02-2024.
The public issue of Entero Healthcare Solutions IPO (ENTERO,544122) was offered at ₹1258.00 per share and the ipo was listed at ₹1228.70. It has delivered listing loss of -2.33%.
As the minimum lot size was 11 shares, the IPO has offered Rs -322.2999999999995 per lot loss on listing.
| IPO Issue Opening Date: | 9th Feb 2024 |
| IPO Issue Closing Date: | 13th Feb 2024 |
| IPO Issue Price: | ₹1195.00-1258.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1600.00 Cr |
| Offer for Sale: | ₹600.00 Cr |
| Fresh Issue: | ₹1000.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:119.00 |
| Promoter Holding Pre IPO: | 77.11% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544122 |
| NSE Code: | ENTERO |
Get important updates regarding Entero Healthcare Solutions IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 14th Feb 2024 |
| Refunds Initiation* | 15th Feb 2024 |
| Credit of Shares to Demat* | 15th Feb 2024 |
| IPO Listing Date* | 16th Feb 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹1195.00-1258.00 |
| Market Lot: | 11 Shares |
| 1 Lot Amount: | ₹13838 |
| Min Small HNI Lots(2-10 Lakh): | 165 shares (15 lots) |
| Min Big HNI Lots(10+ Lakh): | 803 shares (73 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-02-2024 | 1258.00 | 2 | -- | ₹1260 (0.16%) | 16-Feb-2024 9:25 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Entero Healthcare Solutions Limited was established in 2018 to create a well-organized, technology-driven, and integrated healthcare product distribution platform that could add value to the entire healthcare ecosystem throughout India. The company provides value to healthcare product manufacturers by giving them access to pharmacies, hospitals, and clinics via its integrated and technology-driven healthcare product distribution platform.
By March 2023, healthcare product manufacturers will be able to make their products accessible to a wide customer base through 73 warehouses across the country, last-mile infrastructure, and relationships with pharmacies, hospitals, and clinics. Similarly, the pharmacies, hospitals, and clinics they supply will gain access to a broad range of healthcare products through their distribution infrastructure and relationships with healthcare product manufacturers. In the financial years 2021, 2022, and 2023, they provided healthcare products to more than 39,500, 64,200, and 81,400 retail customers and over 1,600, 2,500, and 3,400 hospital customers, respectively. As of March 31, 2023, they have supply relationships with over 1,900 manufacturers of healthcare products, providing access to over 64,500 product stock-keeping units (“SKUs”).
| Incorporation | Sector | IPO Issue Size | Website |
| 2018 | Health Care | ₹1600.00 Cr | https://www.enterohealthcare.com/ |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 3,796,502 (49.54%) | 1,898,251 (24.77%) | 1,898,251 (24.77%) | 70,625 | 7,663,629 | |
| 1 | 9th Feb 2024 19:04 | 0.00x | 0.04x | 0.32x | 0.36x | 0.09x |
| 2 | 12th Feb 2024 19:04 | 0.00x | 0.09x | 0.62x | 0.83x | 0.18x |
| 3 | 13th Feb 2024 18:22 | 2.29x | 0.22x | 0.92x | 1.32x | 1.43x |
Entero Healthcare Solutions Limited's revenue increased by 30.84% and profit after tax (PAT) rose by 62.28% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,505.95 | 1,308.73 | 1,125.98 | 833.79 |
| Revenue | 1,898.98 | 3,305.72 | 2,526.55 | 1,783.67 |
| Profit After Tax | 11.64 | -11.10 | -29.44 | -15.35 |
| Net Worth | 660.54 | 597.66 | 563.22 | 487.06 |
| Total Borrowing | 488.68 | 373.52 | 285.03 | 141.70 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Entero Healthcare Solutions Limited | -3.43 | -3.43 | 174.21 | -1.86 | Consolidated | |
| Medplus Health Services Limited | 4.17 | 4.17 | 124.93 | 177.21 | 3.36 | Consolidated |
Last Updated on 20-Feb-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Entero Healthcare Solutions IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Entero Healthcare Solutions IPO with Zerodha.
Alternate approch to apply in Entero Healthcare Solutions IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Entero Healthcare Solutions IPO Review and Important Updates
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To subscribe or apply in Entero Healthcare Solutions IPO, you can use the following methods:
| Entero Healthcare Solutions IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Entero Healthcare Solutions IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Entero Healthcare Solutions IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Entero Healthcare Solutions IPO. Most of the Syndicate Banks provide access to apply in Entero Healthcare Solutions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Entero Healthcare Solutions IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Entero Healthcare Solutions IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Entero Healthcare Solutions IPO Review and Important Updates
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Entero Healthcare Solutions IPO is going to be list on 16-02-2024. NSE Code for Entero Healthcare Solutions is ENTERO. BSE Code for Entero Healthcare Solutions is 544122.
Other relevant questions:
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Entero Healthcare Solutions IPO Allotment Date is 14-02-2024.
Other relevant questions:
Entero Healthcare Solutions IPO share allotment date?Entero Healthcare Solutions IPO allotment date?
