Bharat Highways InvIT vs Entero Healthcare Solutions IPO

Comparision between Bharat Highways InvIT and Entero Healthcare Solutions IPO.

IPO Details

Bharat Highways InvIT is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Entero Healthcare Solutions IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Highways InvIT	Entero Healthcare Solutions IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	InvIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Axis Bank Limited Hdfc Bank Limited Iifl Securities Ltd	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jefferies India Private Limited Jm Financial Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
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 Bharat Highways InvIT is up to ₹2,500.00 Cr whereas the issue size of the Entero Healthcare Solutions IPO is up to ₹1,600.00 Cr. The final issue price of Bharat Highways InvIT is ₹100.00 per share and of Entero Healthcare Solutions IPO is ₹1,258.00 per share.

	Bharat Highways InvIT	Entero Healthcare Solutions IPO
Face Value		₹10 per share
Issue Price (Lower)	₹98.00 per share	₹1,195.00 per share
Issue Price (Upper)	₹100.00 per share	₹1,258.00 per share
Issue Price (Final)	₹100.00 per share	₹1,258.00 per share
Discount (Retail)
Discount (Employee)		₹119.00 per share
Market Lot Size	150 shares	11 shares
Fresh Issue Size	25,00,00,000 shares	79,49,125 shares
Fresh Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹1,000.00 Cr
OFS Issue Size		47,69,475 shares
OFS Issue Size (Amount)		up to ₹600.00 Cr
Issue Size Total	25,00,00,000 shares	1,27,18,600 shares
Issue Size Total (Amount)	up to ₹2,500.00 Cr	up to ₹1,600.00 Cr

IPO Timetable

Bharat Highways InvIT opens on Feb 28, 2024, while Entero Healthcare Solutions IPO opens on Feb 09, 2024. The closing date of Bharat Highways InvIT and Entero Healthcare Solutions IPO is Mar 01, 2024, and Feb 13, 2024, respectively.

	Bharat Highways InvIT	Entero Healthcare Solutions IPO
Anchor Bid Date	Feb 27, 2024	Feb 08, 2024
Issue Open	Feb 28, 2024	Feb 09, 2024
Issue Close	Mar 01, 2024	Feb 13, 2024
Basis Of Allotment (Tentative)	Mar 06, 2024	Feb 14, 2024
Initiation of Refunds (Tentative)	Mar 07, 2024	Feb 15, 2024
Credit of Share (Tentative)	Mar 07, 2024	Feb 15, 2024
Listing date (Tentative)	Mar 12, 2024	Feb 16, 2024
Anchor Lockin End date 1	Apr 05, 2024	Mar 15, 2024
Anchor Lockin End date 2	Jun 04, 2024	May 14, 2024

Financials

Bharat Highways InvIT P/E ratio is , as compared to Entero Healthcare Solutions IPO P/E ratio of 0.

Bharat Highways InvIT

Entero Healthcare Solutions IPO

Financial

Bharat Highways Infrastructure Investment Trust Financial Information (Restated)

Bharat Highways Infrastructure Investment Trust's revenue decreased by -3.92% and profit after tax (PAT) rose by 738.34% 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	5,916.80	6,056.28	5,536.40	4,943.95
Revenue	388.54	1,537.47	1,600.18	2,170.39
Profit After Tax	101.35	527.05	62.87	149.45
Amount in ₹ Crore

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

Promoter Shareholding (Pre-Issue)

77.11%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

₹3021.21 Cr.

ROE

-2.66%%

ROCE

6.06%%

Debt/Equity

0.45

EPS

₹0.00

RoNW

-1.86%%

Shares Offered

In the Bharat Highways InvIT retail investors (RII) are offered 0 shares while in Entero Healthcare Solutions IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 5,61,88,800 shares in Bharat Highways InvIT and 38,08,069 shares in Entero Healthcare Solutions IPO.

	Bharat Highways InvIT	Entero Healthcare Solutions IPO
Anchor Investor Reserveration	8,25,97,350 shares	56,94,753 shares
Market Maker Reserveration
QIB	5,61,88,800 shares	38,08,069 shares
NII	0 shares	19,60,609 shares
RII	0 shares	13,07,073 shares
Employee	0 shares	74,349 shares
Others
Total	10,30,12,800 shares	71,50,100 shares

Bids Received (Subscription)

Bharat Highways InvIT subscribed 6.74x in total, whereas Entero Healthcare Solutions IPO subscribed 1.53x.

	Bharat Highways InvIT	Entero Healthcare Solutions IPO
QIB (times)	6.59x	2.28x
NII (times)		0.22x
Big NII (times)		0.16x
Small NII (times)		0.33x
RII (times)		1.33x
Employee (times)		1.25x
Other (times)	6.93x
Total (times)	6.74x	1.53x

Compare with others

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Entero Healthcare Solutions IPO	Platinum Industries IPO
Exicom Tele-Systems IPO	Apeejay Surrendra Park IPO

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