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Entero Healthcare Solutions IPO: The shares opened at Rs 1,228.7 on NSE and Rs 1,245 on BSE against the issue price of Rs 1,258

Entero Healthcares IPO debuted with a discount on BSE and NSE. Proceeds will be used for debt repayment, working capital, funding subsidiaries, and inorganic growth. The company has 73 warehouses and supply relationships with over 1,900 healthcare product manufacturers. The target addressable market is valued at Rs 2.7 lakh crore.

Entero Healthcare Solutions Ltd, which counts healthcare-focussed private equity firm OrbiMed as an investor, made a weak stock market debut Friday with its shares listing at ......

Entero Healthcare Solutions IPO: The debut missed analysts expectations of a 2 percent premium as the IPO had failed to attract investors with the issue getting subscribed only 1.53 times

In the unlisted market, the companys shares are trading with a marginal premium of Rs 2, which indicates a flat or even a discounted debut at the bourses. The IPO comprised a fresh equity issue of Rs 1,000 crore and an offer for sale of up to 47.69 lakh shares.

Entero Healthcare Solutions IPO: Its IPO shares could not attract any premium even in the grey market, market observers said

Entero Healthcare IPO comprises a fresh equity issue of Rs 1,000 crore and an OFS of up to 47.69 lakh shares. Prabhat Agrawal, Prem Sethi, Orbimed Asia Iii Mauritius, Chethan MP, and Deepesh T Gala, among others, will offload shares under the OFS. The shares are trading with a marginal premium of Rs 10 in the grey market.

The price band for the issue, which closes on February 13, has been fixed at Rs 1,195-1,258 a share

Entero Healthcare recorded a 31% YoY increase in revenue from operations during FY23, reaching Rs 3,300 crore. ICICI Securities, Dam Capital Advisors, Jefferies India, JM Financial, and SBI Capital Markets are the book running lead managers for the IPO.

India Business News: Entero Healthcare has launched its Initial Public Offering (IPO) today, aiming to raise approximately Rs 1600 crore, making it the largest fundraising effort through the primary market route this year. Prior to the opening of the IPO, the company successfully secured Rs 716 crore from 25 anchor investors.