Entero Healthcare Solutions shares list at over 2% discount to IPO price - Details
On the National Stock Exchange (NSE), the stock started the trade at Rs 1,228.70, with a discount of 2.33 per cent.
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Entero Healthcare Solutions made a muted debut on the Dalal Stree on Friday i.e. February 16. Shares of Entero Healthcare list at Rs 1245 on the BSE, a discount of 1.03 per cent to the issue price of Rs 1258. On the National Stock Exchange (NSE), the stock started the trade at Rs 1,228.70, with a discount of 2.33 per cent.
The stock further declined 4.61 per cent after listing and came down to Rs 1,200 apiece.
The company commanded a market valuation of Rs 5,225.99 crore in the morning trade on the BSE.
In broader equity markets, the 30-share BSE Sensex benchmark jumped 341.85 points or 0.47 per cent to 72,392.23 points, while NSE Nifty advanced 0.58 per cent to 22,037.90 points.
The Rs 1,600 crore IPO of Entero Healthcare Solutions was subscribed 1.53 times on the final day of subscription on Tuesday.
The price range for the offer was Rs 1,195-1,258 per share.
Entero is a distributor of healthcare products across India by using its tech platform it distributes the product to pharmacies, hospitals, and clinics.
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