Entero Healthcare IPO GMP
Entero Healthcare Solutions was established in 2018 and provides medical supplies to India. The company provides pharmacies, hospitals, and clinics across the country with healthcare product distribution services by utilizing a technology-driven platform.
Entero Healthcare Solutions provided retail services to 39,500, 64,200, and 81,400 clients in the fiscal years 2021, 2022, and 2023, respectively. During the same time period, it also interacted with 1,600, 2,500, and 3,400 hospital patrons. With 1,900 pharmaceutical product manufacturers as suppliers as of March 31, 2023, the company provides access to roughly 64,500 product stock-keeping units (SKUs).
Entero Healthcare Solutions runs 73 distribution warehouses in 37 cities throughout 19 states and union territories as of March 31, 2023. With 81,400 pharmacies and 3,400 hospitals as clients spread across 495 districts.
As of 31 March 2023, Entero Healthcare Solutions has a workforce of 3,014 individuals spread across various departments.
Entero Healthcare IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
Entero Healthcare IPO Dates |
9 - 13 Feb 2024 |
|
|
Entero Healthcare Issue Price |
INR 1,195 – 1,258 per share
(Employee Discount – 119 per share) |
|
|
Fresh issue |
INR 1,000 crore |
|
|
Offer For Sale |
4,769,475 shares (INR 569.95 – 600 crore) |
|
|
Total IPO Size |
INR 1,569.95 – 1,600 crore |
|
|
Minimum bid (size) |
INR 1,569.95 – 1,600 crore |
|
|
Face Value |
INR 10 per share |
|
|
Retail Allocation |
10% |
|
|
Listing On |
BSE, NSE |
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Entero Healthcare Financial Performance
| Signature Global Financial Performance | ||||
|---|---|---|---|---|
|
|
FY21 |
FY22 |
FY23 |
H1 FY 24 |
|
Revenue |
1,779.74 |
2,522.07 |
3,300.21 |
1,895.50 |
|
Expenses |
1,794.51 |
2,546.36 |
3,309.41 |
1,858.31 |
|
Net income |
(15.35) |
(29.44) |
(11.10) |
11.64 |
|
Margin (%) |
(0.86) |
(1.17) |
0.34 |
0.61 |
Figures in INR Crore unless specified otherwise