Entero Healthcare Solutions Limited IPO Message Board (Page 5)

Apply with the guarantee of 2 things -
1. Confirmed Allotment &
2. Confirmed Loss :)

​@GrayIsTheNewBlack @Tejas Pandya @rohiitian @SSingh @lokes @PLAZA @svh Entero me entry kar rahein he ya nahi ?

Not applied. Skipped.

​@Anshujii , I'm skipping
Was thinking to go with 10 lakh worth application if QIB > 5x
I still feel this will not list in discount as majority of the allotment will be with institutions and supply coming from retail and HNI should get absorbed easily.
I feel listing will be flat (so - no point of paying charges to government if our buying and selling price is same).

Skipping..

seeing the subx and financial its almost an avoid candidate. But seeing fraudEnteroIPO trending in X.. seems something is cooking.. can't recall when we saw such a trend for an IPO application.
I will probably take a risk of applying one retail

If this was valued at 450-500 band, would it be subscribed FF @ all seniors @KAMMA SIVA RAMA KRISHNA @newgen consultancy @rohiitian @Tejas Pandya

Yes no doubt about that..

Even upto 700-750 is ok. But above that is not leaving anything on table for short term.

avoid entero ipo....

​@newgen consultancy Sir, what's ur view about flair writing?

Those who want to test their luck in allotment, may try here. 🤪😛😝

Looks like QIBs pushed it across the line. Lets see how the listing goes.

IPO will not be allotted if applied at lower price band as issue is already oversubscribed.

Current subscription no's please... If any one can share here..
Thanks in advance..!!

​@Justalearner Thanks Bandhu..!!
Let's QIB to play the Game..!!
Avoiding...!!

No domestic mutual fund !! I think same was in anchors too. Only Fii.

Overall issue 1.33 times at 1 57 PM. Now confirm allotment only in sHNI and bHNI category

Subscription status:
QIB 2X
BHNI 0.09 x
SHNI 0.24 x
Retail 1.16 x
Employee 1.09 x

Total 1.33 x

At the time of writing this message at 01.40pm, subscription figures are very poor. May be qibs will put in their applications last minute at around 3pm. Otherwise bhni, shni and retail responses are all very poor. Only QIBs will be able to make this ipo a success

Don't wanna take more risk. Already chuna Epack ne laga diya h. Jana ka na jane kya hoga. Avoiding this script.

Trending on social media

कुछ सब्जेक्ट to का रेट स्टार्ट हुआ? फॉर 2lac or 10 lac application ? GMP Please ?

kya apke pass faltu ka paisa hai ?go ahead in this ipo. baki ignore .. mostly ignore

​@newgen consultancy Sir Ji,

Your final verdict for this ipo.??

Entero Healthcare IPO Final Verdict
AVOID

Highlights of the Issue :

Date : 9-13 Feb
Price Band : 1195-1258
M.cap : 5471 cr
Size : 1600 cr
Fresh - 1000 cr
OFS - 600 cr

Objects of the Issue :
1.Repayment Of Debt - 142.5 cr
2.Funding Long-term Working Capital - 480 cr
3.Funding Inorganic Expansion - 180 cr
4.GCP - 198.5 cr

Analysis :
1.Total Debt On Books - 490 cr
Remaining Post-issue - 350 cr

Saving An Interest Cost of Around 20-22 cr
( Interest Rate At 14.5% )

2.The Working Capital Requirements will be Fulfilled From IPO Money , Hence Future Requirements of New Debt will Reduce And The Intenal Accruals will be Strong To Funds Additional Needs Of Capital
Resulting Into Higher Operational Efficiencies

3.Inorganic Expansion Coming Up Will Drive Further Growth

Forward Earnings Projections :
FY 23 Rev - 3306 cr
FY 24 : 4350 cr* ( 31.5% Growth )
H1 - 1899 cr
H2 - 2450 cr*

The Company has Grew At A CAGR Of 36% since Inception , But
I personally don't expect that This CAGR To Be Sustainable So Cutting the Growth to 31.5% , H2 is a Bit stronger For The Company

So ,
FY 24 PAT :
H1 - 11.5 cr
H2 - 19.5 cr*
( Considering A PAT Margin of 0.75% )

FY 25 :
Revenue - 5600 cr
PAT - 75 cr
( PAT Margin At 0.95% And Saving of Interest Cost of Around 22 cr )

Giving It A 65× on FY 25 Earnings
Fair Valuations Comes At M.cap Of 4875 cr
Means Price Of 1105

For Me The Valuations Are Streched

1100 Was It's Fair Price

Negatives :

1.It May Raise Further Debt For More Working Capital and Funding Inorganic Expansion Resulting Into more Degradation in Estimated Earnings

2.The Average Interest Rate of the Debt is Around 14.5% which is very Very High ,
For Me it is a Big Negative
14.5% is charged to Real Estate Developers And Hotels , This Rate Looks
Hefty

3.Any Problems in Supply Chain Can Disrupt The Operations

4.Need Of Higher Working Capital is A Big Concern

Honestly I am Not Very Negative on The Company , But The Lead Managers Have Overpriced This One ,
For Long-term I am Bullish
As of Now Skip This Pricey Bet

Be cautious who applying in HNI.
Fundamentals are in bad condition , Negatives are more and positives are less and demand also less in gmp and subscription so risky for listing gain..