Entero Healthcare Solutions Limited (IPO): Founded in 2018, Entero Healthcare Solutions Limited is an Indian distributor of healthcare products. The company uses technology to make it easier for pharmacies, clinics, and hospitals around the country to receive products.
Entero Healthcare Solutions Limited IPO: The public subscription for Entero Healthcare Solutions Limited’s IPO will commence tomorrow, February 9, 2024. The initial public offering (IPO) will conclude its three-day subscription window on Tuesday, February 13, 2024. The price range for the IPO is fixed at Rs 1195–1258 per share.
Entero Healthcare Solutions Limited IPO details
The public offering of Entero Healthcare Solutions consists of two parts: an offer-for-sale in which the founders will sell 4,769,475 shares totaling up to Rs 600 crore, and a new issuance of 7,949,125 shares valued at up to Rs 1,000 crore.
GMP Entero Healthcare SolutionsA premium of between Rs 118 and Rs 125 over the price range is being paid for Entero Healthcare Solutions shares, according to multiple websites that monitor activities on the gray market.
Date of Listing and Allotment for Entero Healthcare Solutions’ IPO
The allocation of shares is planned to take place on Wednesday, February 14, 2024. On Thursday, February 15, 2024, the shares are most likely to be credited to the demat account. On Friday, February 16, 2024, Entero Healthcare Solutions shares are expected to have their market debut.
The goal of Entero Healthcare Solutions’ IPO
The company wants to raise Rs 1,600 crore from the public offering through the IPO. According to the corporation, investors can bid on lots as little as 11 shares or multiples of that amount. Retail investors must make a minimum investment of Rs 13,838. Entero Healthcare Solutions Limited intends to use the net proceeds of the offering to settle some of the loans that the business and its subsidiaries have taken out. In turn, the borrowings were used to pay for future inorganic growth projects as well as long-term working capital needs.
About Entero Healthcare Solutions Limited
Entero Healthcare Solutions Limited was founded in 2018 and is an Indian wholesaler of medical supplies. The company uses technology to make it easier for pharmacies, clinics, and hospitals around the country to receive products. Entero provided a growing number of hospital and retail clients over the fiscal years 2021–2023, amounting to 1,600–3,400 hospital clients and 39,500–81,400 retail consumers, respectively. Prem Sethi, OrbiMed Asia III Mauritius Limited, and Prabhat Agrawal are the promoters of Entero Healthcare Solutions.
Disclaimer : The above article is meant for informational purposes only, and should not be considered as any investment advice.