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    Entero Healthcare files IPO papers with Sebi

    Synopsis

    The company proposes to utilise the net proceeds from the offer towards the repayment of certain borrowings, working capital requirements, for general corporate purposes and to pursue inorganic growth initiatives through acquisitions.

    IPOiStock
    ICICI Securities, DAM Capital Advisors, Jefferies India, JM Financial and SBI Capital are the book-running lead managers to the issue.
    Mumbai: Entero Healthcare Solutions, a healthcare products distributor, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi). The public issue comprises up to ₹1,000 crore of fresh issue and an offer for sale of up to 85.58 lakh shares by existing shareholders.

    The company proposes to utilise the net proceeds from the offer towards the repayment of certain borrowings, working capital requirements, for general corporate purposes and to pursue inorganic growth initiatives through acquisitions.

    The company helps healthcare product manufacturers by providing them with reach and accessibility to pharmacies, hospitals and clinics. As of March 31, 2023, the company's 73 warehouses across the country, last-mile delivery infrastructure and relationships with pharmacies, hospitals and clinics enable healthcare product manufacturers to make their products available to a wide range of customers.

    ICICI Securities, DAM Capital Advisors, Jefferies India, JM Financial and SBI Capital are the book-running lead managers to the issue.




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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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