Entero Healthcare Solution IPO GMP – Open and Close Date, Lot Size, Reservation 

The subscription of Entero Healthcare Solution is open from 9th February 2024 and closed on 13th Feb 2024. To get more details about it, stay tuned.

Entero Healthcare Solution IPO GMP

 Entero Healthcare Solution IPO is a book-built issue of Rs 1600 crores. This issue is a combination of a fresh issue of 0.79 crore shares aggregating to Rs 1000 crore and a provision for sale of 0.48 crore shares aggregating to Rs 600 crores.

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IPO Start Date Friday, February 9th 2024
IPO End Date Tuesday, February 13th 2024
Basis of Allotment Wednesday, Feb 14th 2024
Initiation of Refunds Thursday, February 15th 2024
A credit of Shares to Demat 15th Feb 2024, Thursday
Listing Date Friday, February 16th, 2024
Cut-off Time for UPI Mandate Confirmation 5 pm on February 13th, 2024

The allotment regarding Entero Healthcare Solutions IPO is going to be fixed on Wednesday 14th Feb 2024. The IPO of this company will be listed on BSE, NSE with a tentative listing date finalized as Friday 16th Feb 2024.

Entero Healthcare Solution IPO Price Band 

The price band of Entero Healthcare Solution is set at Rs 1195 to Rs 1258 per share. The minimal lot size for an application is 11 shares. The lowest investment amount needed from retail investors is Rs 13838.

Regarding sNII the minimum lot size investment is 15 lots (165 shares), amounting to Rs 207570 and bNII, this is 73 lots (803 shares), amounting to Rs 1010174.

Entero Healthcare Solution IPO GMP

Face Value Rs 10 each share
Cost Band Rs 1195 to Rs 1258 share individually
Size of Lot 11 shares
Total Issue Size 12,718,600 shares
Fresh Issue 7,949,125 shares (aggregating upto Rs 1000 crore)
Offer for sale 4,769,475 shares of Rs 10 (aggregating upto Rs 600 crore)
Employee Discount Rs 119 per share
Listing At BSE, NSE
Per Issue of Share Holding Rs 16,066,886
Share Holding Post Issue 24,016,011

ICICI Securities Limited, Dam Capital Advisor Ltd, Jefferies India Private Limited, Jm Financial Limited, and SBI Capital Markets Limited are the book running lead managers of the Entero Healthcare Solutions IPO.

Entero Healthcare Solution IPO Lot Size

Every investor can bid for at least 11 shares and in multiples thereof. The given table depicts the lowest and highest investment through HNI and Retail investors in amount of and shares.

Application Lots Shares Amount
Maximum Retail 14 154 Rs 193,732
Minimum Retail 1 11 Rs 13,838
Max S-HNI 72 792 Rs 996,336
Min S-HNI 15 165 R 207,570
B-HNI Min 73 803 Rs 1,010,174

 

Entero Healthcare Solution IPO Reservation

Investor Category Shares Offered
Retail Share provided Not more than 10% of the net issue
QIB Share Facilitated Not less than 75%of the net issue
NII (HNI) Shares Facilitated Not more than 15% of the net issue

Entero Healthcare Solution IPO Review

Entero Healthcare Solution is positioned among India’s top three healthcare product distributors and proved as highest profitable and quality firm in the health industry.

This company provides manufacturers access to pharmacies, hospitals and clinics through a tech-driven distribution platform.

Through 73 warehouses and strong relationships they ensure availability of products in a wide range and benefit the diverse consumer base.

They also ensure hospitals, pharmacies, and clinics access diverse goods with their distribution infrastructure and manufacturer partnerships.

They are servicing 81,400 retail and 3,400 hospital consumers with 1900 manufacturers providing 64,500+SKUs.

Apply or not for Entero Healthcare Solution IPO GMP?

In my opinion, customers apply for this subscription because at present revenue growth of this company is very high and they always facilitate high-quality goods and services to them.

It indicates a strong market demand for its healthcare solution. The other reason is that due to having a positive image customers are likely to take their services and goods for a long time from various locations.  

The nature of the health tech business is one of higher risk in the initial phase and lower risk in later phases, once the rollout is completed.

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