Entero Healthcare IPO 2024: GMP, Price, Lot Size, Allotment Status, Date and More

News: The Entero Healthcare Solutions IPO is creating quite a buzz in the financial world. If you’re wondering what this IPO is all about, you’ve come to the right place! Let’s break it down in simple terms.

What Is an IPO?

An Initial Public Offering (IPO) is when a company decides to go public by offering its shares to the general public for the first time. It’s like inviting everyone to become a part-owner of the company. Exciting, right?

Entero Healthcare Solutions: The Basics

• Company: Entero Healthcare Solutions Limited
• Issue Size: A whopping ₹1,600.00 crores!
• Fresh Issue: 0.79 crore shares (worth ₹1,000.00 crores)
• Offer for Sale: 0.48 crore shares (valued at ₹600.00 crores)

Key Dates

• Bidding Period: February 9, 2024, to February 13, 2024
• Allotment Date: Expected on Wednesday, February 14, 2024
• Listing Date: Tentatively set for Friday, February 16, 2024

Price Band and Lot Size

• Price Band: ₹1195 to ₹1258 per share
• Minimum Lot Size: 11 shares
• Retail Investors: Minimum investment of ₹13,838

Who’s Managing It?

Some big names are handling this IPO:

• Book Running Lead Managers: ICICI Securities Limited, Dam Capital Advisors Ltd, Jefferies India Private Limited, JM Financial Limited, and SBI Capital Markets Limited
• Registrar: Link Intime India Private Ltd

Reservation Details

• Employees: 70,625 shares reserved at a discount of ₹119 per share
• Anchor Investors: 42.63% of the total shares offered
• QIBs (Qualified Institutional Buyers): 28.42%
• HNIs (High Net Worth Individuals): 14.21%
• Retail Investors: 14.21%
• Minimum Shares for Retail Investors: 11 shares

Why Entero Healthcare Solutions?

This company is among the top three healthcare product distributors in India based on revenue. In 2022, they reported an operating income of ₹25,220.65 million. Impressive, right?

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About Entero Healthcare Solutions Company

Entero Healthcare Solutions is a rising star in India’s healthcare distribution landscape. Founded in 2018, this company has swiftly climbed the ranks to become one of the top three healthcare product distributors in the country. Let’s delve into what makes Entero Healthcare Solutions tick:

What Is Entero Healthcare Solutions?

• Company Overview: Entero Healthcare Solutions Limited is a distributor of healthcare products in India. Their mission? To seamlessly connect manufacturers, pharmacies, and hospitals.
• Tech-Driven Platform: Entero leverages an organized, technology-driven platform to efficiently distribute healthcare products across the nation.
• Product Availability: With a vast product range, Entero ensures that essential healthcare items are readily available to those who need them.
• Data Insights: Entero doesn’t stop at distribution. They also provide valuable data insights to enhance decision-making in the healthcare ecosystem.

Key Facts:

• Incorporation Year: 2018
• Distribution Services: Entero caters to hospitals, clinics, and pharmacies.
• Nationwide Network: Their reach extends across the entire country.
• Secret Sauce: A combination of technology, efficient distribution, and data-driven insights.

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