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Entero Healthcare Solutions Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Entero Healthcare Solutions Ltd IPO

Registered Office: Plot # I-35 Bldg-B Ind. Area,Phase-I 13/7 Mathura Road , Faridabad - 121003 , Haryana , India.
Phone : 0129-4877300   Fax:
Email :  jayant.prakash@enterohealthcare.com  
Website :  www.enterohealthcare.com
Initial public offering of 12,725,244# equity shares of face value of (Rs)10 each ("Equity") of Entero Healthcare Solutions Limited (The "Company" or the "Issuer") for cash at a price of (Rs)1,258 per equity share including a share premium of (Rs)1,248 per equity share (the "Offer Price") aggregating to (Rs)1600.00# crores (the "Offer"). The offer comprises of a fresh issue of 7,955,769# equity shares by the company aggregating to (Rs)1000.00# crores (the "Fresh Issue") and an offer for sale of 4,769,475# equity shares (the "Offered Shares") aggregating to (Rs)600.00# crores (the "Offer for Sale"), comprising of 470,210# equity shares aggregating to (Rs)59.15# crores by Prabhat Agrawal, 313,472# equity shares aggregating to (Rs)39.44# crores by Prem Sethi, 3,815,580# equity shares aggregating to (Rs)480.00# crores by Orbimed Asia iii Mauritius Limited, 4,401# equity shares aggregating to (Rs)0.55# crores by Chethan M.P., 1,320# equity shares aggregating to (Rs)0.17# crores by Deepesh T. Gala, 8,802# equity shares aggregating to (Rs)1.11# crores by Hemant Jose Barros, 4,401# equity shares aggregating to (Rs)0.55# crores by Hemant Jaggi, 2,201# equity shares aggregating to (Rs)0.28# crores by K.R.V.S. Varaprasad, 39,610# equity shares aggregating to (Rs)4.98# crores by K.E. Prakash, 1,320# equity shares aggregating to (Rs)0.17# crores by Lavu Sahadev, 12,103# equity shares aggregating to (Rs)1.52# crores by Manoj K Sanghani, 8,802# equity shares aggregating to (Rs)1.11# crores by Millennium Medicare Private Limited, 2,201# equity shares aggregating to (Rs)0.28# crores by K. Naveen Kumar Gupta, 42,250# equity shares aggregating to (Rs)5.32# crores by Novacare Drug Specialities Private Limited, 15,074# equity shares aggregating to (Rs)1.90# crores by Petros Diamantides, 13,203# equity shares aggregating to (Rs)1.66# crores by Prashanth Ravindrakumar, 1,102# equity shares aggregating to (Rs)0.14# crores by Suraj Prakash Atreja, 1,320# equity shares aggregating to (Rs)0.17# crores by Venkata Ramana Siva Kumar Yanamadala, 12,103# equity shares aggregating to (Rs)1.52# crores by Vikramaditya Ambre (collectively the "Selling Shareholders") (the "Offer for Sale, and together with the fresh issue, the "Offer"). The offer will constitute 29.25%# of the post-offer paid-up equity share capital of the company. The offer included a reservation of 70,237# equity shares, aggregating to (Rs)8.00# crores (constituting 0.16%# of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 29.25%# and 29.09%#, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the book running lead managers, offered a discount of 9.46% to the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). #Subject to finalisation of basis of allotment The face value of equity shares is (Rs)10 each. The offer price is 125.80 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
09-Feb-24 13-Feb-24 (Rs)1258.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :11  Further Multiples of :11

  (Rs Cr) Lead Managers to the Issue
Project Cost 951.20
Dam Capital Advisors Ltd
Project Financed through Current Offer 1600.00  
Post Issue Equity Share Capital 43.50  
Issue Price (Rs)1258.00  
 
Projects
Repayment/prepayment in full or part of certain borrowings availed by the company and its subsidiariesGeneral corporate purposes
Funding the long term working capital requirementsPursuing inorganic growth intiatives through acquisitions
Promoted By
Prabhat Agrawal  
Prem Sethi  
Orbimed Asia III Mauritius Ltd  
Listing At
BSE 
NSE 
Registrar to the Issue
Link Intime India Pvt Ltd