Entero plans IPO to expand operations

Entero Healthcare Solutions Pvt. Ltd, a private equity (PE)-backed pharma products distribution platform, has started work on its initial public offering (IPO) to raise capital for expanding its operations, said two people aware of the development. “Entero aims to become the biggest organized supply chain player in the country’s highly fragmented pharma and medical products distribution industry. To this end, the IPO is a tool for the company to raise capital to help it with inorganic growth by acquiring local distributors," said the first person cited above, requesting anonymity as he is not authorized to speak to reporters.