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.
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.