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.
(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts,
subscribe to our Telegram feeds.)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
FOLLOW US ON GOOGLE NEWS
Read original article here
Denial of responsibility! Secular Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email –
seculartimes.com. The content will be deleted within 24 hours.
