Entero Healthcare Solutions IPO vs Platinum Industries IPO

Comparision between Entero Healthcare Solutions IPO and Platinum Industries IPO.

IPO Details

Entero Healthcare Solutions IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Platinum Industries IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Entero Healthcare Solutions IPO	Platinum Industries IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jefferies India Private Limited Jm Financial Limited SBI Capital Markets Limited	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Entero Healthcare Solutions IPO is up to ₹1,600.00 Cr whereas the issue size of the Platinum Industries IPO is up to ₹235.32 Cr. The final issue price of Entero Healthcare Solutions IPO is ₹1,258.00 per share and of Platinum Industries IPO is ₹171.00 per share.

	Entero Healthcare Solutions IPO	Platinum Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,195.00 per share	₹162.00 per share
Issue Price (Upper)	₹1,258.00 per share	₹171.00 per share
Issue Price (Final)	₹1,258.00 per share	₹171.00 per share
Discount (Retail)
Discount (Employee)	₹119.00 per share
Market Lot Size	11 shares	87 shares
Fresh Issue Size	79,49,125 shares	1,37,61,225 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹235.32 Cr
OFS Issue Size	47,69,475 shares
OFS Issue Size (Amount)	up to ₹600.00 Cr
Issue Size Total	1,27,18,600 shares	1,37,61,225 shares
Issue Size Total (Amount)	up to ₹1,600.00 Cr	up to ₹235.32 Cr

IPO Timetable

Entero Healthcare Solutions IPO opens on Feb 09, 2024, while Platinum Industries IPO opens on Feb 27, 2024. The closing date of Entero Healthcare Solutions IPO and Platinum Industries IPO is Feb 13, 2024, and Feb 29, 2024, respectively.

	Entero Healthcare Solutions IPO	Platinum Industries IPO
Anchor Bid Date	Feb 08, 2024	Feb 26, 2024
Issue Open	Feb 09, 2024	Feb 27, 2024
Issue Close	Feb 13, 2024	Feb 29, 2024
Basis Of Allotment (Tentative)	Feb 14, 2024	Mar 01, 2024
Initiation of Refunds (Tentative)	Feb 15, 2024	Mar 04, 2024
Credit of Share (Tentative)	Feb 15, 2024	Mar 04, 2024
Listing date (Tentative)	Feb 16, 2024	Mar 05, 2024
Anchor Lockin End date 1	Mar 15, 2024	Mar 31, 2024
Anchor Lockin End date 2	May 14, 2024	May 30, 2024

Financials

Entero Healthcare Solutions IPO P/E ratio is 0, as compared to Platinum Industries IPO P/E ratio of 18.73.

Entero Healthcare Solutions IPO

Platinum Industries IPO

Financial

Entero Healthcare Solutions Limited Financial Information (Restated Consolidated)

Entero Healthcare Solutions Limited's revenue increased by 30.84% and profit after tax (PAT) rose by 62.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,505.95	1,308.73	1,125.98	833.79
Revenue	1,898.98	3,305.72	2,526.55	1,783.67
Profit After Tax	11.64	-11.10	-29.44	-15.35
Net Worth	660.54	597.66	563.22	487.06
Total Borrowing	488.68	373.52	285.03	141.70
Amount in ₹ Crore

Platinum Industries Limited Financial Information (Restated Consolidated)

Platinum Industries Limited's revenue increased by 22.89% and profit after tax (PAT) rose by 111.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	137.72	121.17	84.48	32.26
Revenue	123.73	232.56	189.24	89.53
Profit After Tax	22.84	37.58	17.75	4.82
Net Worth	85.04	61.88	22.34	4.47
Reserves and Surplus	44.86	21.80	21.28	3.53
Total Borrowing	11.46	17.43	24.24	3.26
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

77.11%

94.74%

Promoter Shareholding (Post-Issue)

P/E Ratio

18.73

Market Cap

₹3021.21 Cr.

₹939.22 Cr.

ROE

-2.66%%

90.02%%

ROCE

6.06%%

56.85%%

Debt/Equity

0.45

0.28

EPS

₹0.00

₹9.13

RoNW

-1.86%%

61.26%%

Shares Offered

In the Entero Healthcare Solutions IPO retail investors (RII) are offered 13,07,073 shares while in Platinum Industries IPO retail investors are offered 13,07,073 shares. Qualified institutional buyers (QIB) are offered 38,08,069 shares in Entero Healthcare Solutions IPO and 27,52,375 shares in Platinum Industries IPO.

	Entero Healthcare Solutions IPO	Platinum Industries IPO
Anchor Investor Reserveration	56,94,753 shares	41,28,237 shares
Market Maker Reserveration
QIB	38,08,069 shares	27,52,375 shares
NII	19,60,609 shares	20,64,184 shares
RII	13,07,073 shares	48,16,429 shares
Employee	74,349 shares	0 shares
Others
Total	71,50,100 shares	96,32,988 shares

Bids Received (Subscription)

Entero Healthcare Solutions IPO subscribed 1.53x in total, whereas Platinum Industries IPO subscribed 98.99x.

	Entero Healthcare Solutions IPO	Platinum Industries IPO
QIB (times)	2.28x	151.00x
NII (times)	0.22x	141.79x
Big NII (times)	0.16x	138.46x
Small NII (times)	0.33x	148.46x
RII (times)	1.33x	50.92x
Employee (times)	1.25x
Other (times)
Total (times)	1.53x	98.99x

Compare with others

Entero Healthcare Solutions IPO	Platinum Industries IPO
JG Chemicals IPO	Vibhor Steel Tubes IPO
Bharat Highways InvIT	Entero Healthcare Solutions IPO
GPT Healthcare IPO	Exicom Tele-Systems IPO
Juniper Hotels IPO	Capital SFB IPO
Vibhor Steel Tubes IPO	Jana SFB IPO
Exicom Tele-Systems IPO	Apeejay Surrendra Park IPO
Capital SFB IPO	Rashi Peripherals IPO
Jana SFB IPO	BLS E-Services IPO
Platinum Industries IPO	R K SWAMY IPO
Apeejay Surrendra Park IPO	EPACK Durable IPO

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