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.
|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
|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.
|Rs 10 each share
|Rs 1195 to Rs 1258 share individually
|Size of Lot
|Total Issue Size
|7,949,125 shares (aggregating upto Rs 1000 crore)
|Offer for sale
|4,769,475 shares of Rs 10 (aggregating upto Rs 600 crore)
|Rs 119 per share
|Per Issue of Share Holding
|Share Holding Post Issue
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.
Entero Healthcare Solution IPO Reservation
|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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