Entero Healthcare IPO GMP: Entero Healthcare Solutions IPO GMP Price Trend

Entero Healthcare Solutions Limited is gearing up to launch its Initial Public Offering (IPO) on the NSE and the BSE Exchange. With a total issue size of Rs 1600 Cr, the IPO is set to open from February 9th to February 13th, 2024. Each share has a face value of Rs 10, and interested investors can participate by purchasing at least one lot of 11 shares or its multiples, with a price range of Rs 1195 to Rs 1258 per share as specified in the offer document.

Entero Healthcare Solutions IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Entero Healthcare Solutions IPO stands at ₹2 as of the latest update. Considering the price band of Rs 1258.00, the estimated listing price is projected to be ₹1260 (the cap price plus today’s GMP), representing an expected percentage gain of 0.16%. Here’s a day-wise trend of the IPO GMP: [ Last Updated: 15 Feb, 2024; 08:40]

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GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
15-02-20241258.00₹2₹1260 (0.16%)
14-02-20241258.00₹2₹1260 (0.16%)
13-02-20241258.00₹2₹1260 (0.16%)
12-02-20241258.00₹10100/1500₹1268 (0.79%)
11-02-20241258.00₹5₹1263 (0.4%)
10-02-20241258.00₹5₹1323 (5.17%)
09-02-20241258.00₹65500/7500₹1323 (5.17%)
08-02-20241258.00₹1181000/15000₹1376 (9.38%)
07-02-20241258.00₹1251000/15000₹1383 (9.94%)

Investors can track the live GMP status of all upcoming and closed IPOs on platforms like Stockesta.com for updated performance comparisons.

Also Read: Upcoming IPO in India

Understanding IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) indicates the price at which an IPO is traded unofficially or in the unregulated grey market before its official listing. It serves as a gauge for investors, suggesting how the IPO might perform on its listing day. A positive GMP suggests potential profits, while a negative GMP indicates a possible discount. However, it’s important to note that IPO GMP can be highly volatile, necessitating a comprehensive assessment of all factors before making investment decisions.

About Entero Healthcare Solutions

Established in 2018, Entero Healthcare Solutions aims to create a well-organized, technology-driven, and integrated healthcare product distribution platform in India. By March 2023, the company operates through 73 warehouses nationwide, facilitating access to pharmacies, hospitals, and clinics. With supply relationships exceeding 1,900 manufacturers and access to over 64,500 product SKUs, Entero Healthcare Solutions has emerged as one of India’s largest and fastest-growing healthcare products distribution platforms.

Also Read: Benefits and Risks of Investing in IPO

Strengths of Entero Healthcare Solutions IPO

  • Operates in the large and fragmented Indian healthcare products distribution market, poised to benefit from market consolidation.
  • Positioned as India’s largest and fastest-growing healthcare products distribution platform.
  • Demonstrates a track record of inorganic expansion and integration for geographic reach, revenue growth, and scale.
  • Boasts a proprietary technology platform with integrated business intelligence tools and solutions.
  • Backed by an experienced, committed, and qualified management team with deep industry expertise and support from healthcare-focused investors.

Entero Healthcare Solutions IPO Objectives

The net proceeds from the IPO will be utilized for various purposes, including:

  • Repayment or prepayment of certain borrowings.
  • Funding long-term working capital requirements.
  • Pursuing inorganic growth initiatives through acquisitions.
  • General corporate purposes.

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

Entero Healthcare Solutions IPO Dates

Here are the key dates for Entero Healthcare Solutions IPO:

  • IPO Open Date: February 9th, 2024
  • IPO Close Date: February 13th, 2024
  • Basis of Allotment Finalization Date: February 14th, 2024
  • Refunds Initiation Date: February 15th, 2024
  • Credit of Shares to Demat Account Date: February 15th, 2024
  • IPO Listing Date: February 16th, 2024 (Tentative)

Investors are advised to stay updated with the latest information and conduct thorough due diligence before considering investment in Entero Healthcare Solutions IPO.

Conclusion

Entero Healthcare Solutions IPO presents an opportunity for investors to participate in the growth story of a leading healthcare products distribution platform in India. However, it’s crucial to analyze all aspects including financial performance, market dynamics, and IPO fundamentals before making investment decisions. IPO GMP can provide valuable insights but should not be the sole basis for investment choices, considering its inherent volatility.

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