Entero Healthcare Solutions IPO subscribed 10% on day 1

Entero Healthcare Solutions IPO: The IPO of the healthcare solutions company will be open for subscription for three trading days, i.e., until February 13 from 10 am to 5 pm.

Entero Healthcare Solutions IPO allotment date: The basis of the allotment of shares under the IPO of Entero Healthcare Solutions IPO is set to be finalised on February 14. Image: Freepik/ Representational Image

Entero Healthcare Solutions IPO: The initial public offer (IPO) of Entero Healthcare Solutions opened for subscription on Friday, February 9 with a price band of Rs 1,195 to Rs 1,258 per share. The IPO of the healthcare solutions company will be open for subscription for three trading days, i.e., until February 13 from 10 am to 5 pm.

Entero Healthcare Solutions IPO is a book-built issue of Rs 1,600 crore and the issue is a combination of a fresh issue of 0.79 crore shares aggregating to Rs 1,000 crore and an offer for sale (OFS) of 0.48 crore share aggregating to Rs 600 crores.

Entero Healthcare Solutions IPO subscription status

On Friday (Day 1), Entero Healthcare Solutions IPO's share sale received bids for 6,89,678 shares against 71,50,100 shares on offer. Overall, the public issue has been subscribed 10 times on Day 1 of the bidding process.

Category	Subscription (No. of times the equity reserved)
Qualified institutional buyers	Nil
Non-institutional investors	0.04
Retail investors	0.44
Overall	0.1
Source: Exchange data

Here are important things to know about the Entero Healthcare Solutions IPO

Entero Healthcare Solutions IPO allotment date

The basis of the allotment of shares under the IPO of Entero Healthcare Solutions IPO is set to be finalised on February 14.

Entero Healthcare Solutions IPO listing date

The Entero Healthcare Solutions IPO stock is likely to be listed in the secondary market on February 16. The stock will be traded on the bourses, BSE and NSE.

Entero Healthcare Solutions IPO: Book-running lead managers

ICICI Securities, Dam Capital Advisors , Jefferies India Private Limited, Jm Financial and SBI Capital Markets are the book running lead managers of the Entero Healthcare Solutions IPO, while Link Intime India Private Ltd is the registrar for the issue.

Entero Healthcare Solutions IPO lot size

The minimum lot size for an application is 11 shares. The minimum amount of investment required by retail investors is Rs13,838.

Entero Healthcare Solutions IPO: Fund Utiisation

The Company proposes to utilize the net proceeds towards funding the following objects:

Repayment/prepayment, in full or part, of certain borrowings availed of by the company and its subsidiaries.
Funding the long-term working capital requirements.
Pursuing inorganic growth initiatives through acquisitions.
General corporate purposes.

What does Entero Healthcare Solutions do?

Incorporated in 2018, Entero Healthcare Solutions is a distributor of healthcare products in India. The company's technology-driven platform provides healthcare product distribution services to pharmacies, hospitals, and clinics throughout India.

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