The Entero Healthcare IPO started on February 9, 2024, and ended on February 13, 2024. Shares were allocated on February 14, 2024, and refund processes began on February 15, 2024. On February 15, 2024, the shares were credited to investors demat accounts. Entero Healthcare was officially listed on the stock exchange on February 16, 2024.
During the IPO, Entero Healthcare offered shares at a price range of ₹1195 to ₹1258 per share, and the lot size was 11 shares. The total issue size was ₹1600 crores, with ₹1000 crores from new shares and ₹600 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Entero Healthcare IPO Subscription Update Video
Entero Healthcare IPO Subscription Status
The Entero Healthcare IPO on February 13, 2024 was subscribed 1.53 times, with the retail category being subscribed 1.33 times, the NII (Non-Institutional Investor) category being subscribed 0.22 times, the QIB (Qualified-Institutional Buyers) category being subscribed 2.28 times and the Employee category being subscribed 1.25 times.
| Category | Subscription |
| QIB | 2.28x |
| NII | 0.22x |
| Retail | 1.33x |
| Employee | 1.25x |
| Total | 1.53x |
Entero Healthcare Solutions IPO Basic Details
| Company Name | Entero Healthcare Solutions Limited |
| Domain of Company | Provide Healthcare Solutions |
| Entero Healthcare IPO Open Date | February 9, 2024 |
| Entero Healthcare IPO Close Date | February 13, 2024 |
| Entero Healthcare IPO Allotment Date | February 14, 2024 |
| Entero Healthcare IPO Listing Date | February 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹1195 to ₹1258 per share |
| Lot Size | 11 Shares |
| Issue Size | 12,718,600 shares of ₹10 (aggregating up to ₹1,600.00 Cr) |
| Fresh Issue | 7,949,125 shares of ₹10 (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | 4,769,475 shares of ₹10 (aggregating up to ₹600.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Prabhat Agrawal, Prem Sethi, and OrbiMed Asia III Mauritius Limited |
About Entero Healthcare Solutions Limited
Founded in 2018, Entero Healthcare Solutions Limited operates as a healthcare product distributor in India. Using advanced technology, the company delivers healthcare products to pharmacies, hospitals, and clinics all over the country.
In the fiscal years 2021, 2022, and 2023, Entero Healthcare Solutions catered to 39,500, 64,200, and 81,400 retail customers, respectively. Moreover, they served 1,600, 2,500, and 3,400 hospital customers during the same period.
With connections to more than 1,900 healthcare product manufacturers, the company has access to a vast inventory of over 64,500 product variations as of March 31, 2023.
Entero Healthcare Solutions boasts a network of 73 warehouses spread across 37 cities in 19 states and union territories. Their customer base includes 81,400 pharmacies and 3,400 hospitals in 495 districts as of March 31, 2023, providing extensive reach to healthcare product manufacturers.
As of March 31, 2023, the company has a workforce of 3,014 employees in various departments.
Entero Healthcare IPO Should you subscribe?
Entero Healthcare IPO More Details Click Here
Entero Healthcare IPO FAQs
What is the start and end date of Entero Healthcare IPO Subscription?
The Entero Healthcare IPO started on February 9, 2024, and ended on February 13, 2024.
When does Entero Healthcare IPO Subscription open?
The Entero Healthcare IPO open on February 9, 2024.
When does Entero Healthcare IPO Subscription close?
The Entero Healthcare IPO Close on February 13, 2024.
What is the allotment date of Entero Healthcare IPO?
The allotment date for Entero Healthcare IPO is February 14, 2024.
When is the initial refund date of Entero Healthcare IPO?
The initial Refund date for Entero Healthcare IPO is February 15, 2024.
When were the shares credited to investors demat accounts for the Entero Healthcare IPO?
The shares for the Entero Healthcare IPO were credited to investors demat accounts on February 15, 2024.
When will Entero Healthcare IPO be listed on the stock market?
Entero Healthcare IPO stock market will be listed on February 16, 2024 at 10 am.
What was the price range of the Entero Healthcare IPO shares?
The Entero Healthcare IPO shares were offered at a price range of ₹1195 to ₹1258 per share.
What was the lot size for the Entero Healthcare IPO shares?
The lot size for the Entero Healthcare IPO shares was 11 shares.
What was the total issue size of the Entero Healthcare IPO?
The total issue size of the Entero Healthcare IPO was ₹1600 crores.
On which stock exchanges was the Entero Healthcare IPO listed?
The Entero Healthcare IPO was listed on both the NSE and BSE.
What is the Entero Healthcare IPO Subscription Status?
Entero Healthcare IPO is subscribed 1.53 Times.
