09 Feb 24
13 Feb 24
₹1195 to ₹1258
14 Feb 24
16 Feb 24
Established in 2018, Entero Healthcare Solutions distributes healthcare products and in terms of revenues ranks among the top three distributors in India as of FY22. The company operates as a technology-driven and integrated healthcare products distribution platform. As of March 2023, Entero Healthcare Solutions had 73 distribution warehouses in 37 cities in 19 Indian states. It also had a customer base of 81,400 pharmacies and 3,400 hospitals in 495 districts of India for the same period. The company had supply relations with 1900 healthcare product manufacturers and had a reach to more than 64500 SKUs.
• To repay or prepay in full or part the borrowings obtained by the company. • To fund working capital requirements. • To fund inorganic growth initiatives via acquisitions. • General corporate purposes.
The book-running lead managers to the offer are: ICICI Securities Limited Dam Capital Advisors Limited Jefferies India Private Limited Jm Financial Limited SBI Capital Markets Limited
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