Entero Healthcare Solutions Limited opened its IPO on 9 February 2024 closing on 13 February 2024. The company deals in the distribution of healthcare equipment and surgical consumables. Today is the date of the IPO’s opening. Everyone is looking for a Grey Market Premium (GMP) Price. The company observes the GMP to be stable on the opening day after falling on the previous day. We will share details about Entero Healthcare Solutions Limited IPO and GMP below.
Entero Healthcare Solutions IPO GMP Today (Live)
| Date | GMP |
| 7 February 2024 | Rs. 125 |
| 8 February 2024 | Rs. 118 |
| 9 February 2024 | Rs. 118 |
| 10 February 2024 | —– |
Entero Healthcare Solutions has a GMP of Rs. 118 on the IPO opening date. Apart from that, the company had a decrease in the GMP on the previous day to Rs. 118. The GMP price is available after 6 Feb. On the first day of GMP price was Rs. 125. The company expects to have an estimated listing price of Rs. 1376. While the IPO price is said to be Rs 1258 per share. Let us look at the other details of Entero Healthcare Solutions IPO below.
Entero Healthcare Solutions will open the IPO on 9 February 2024 and close on 13 February 2024. The face value of the shares will be Rs. 10 per share. Apart from that, the price band will be Rs. 1195 to Rs. 1258 per share. Entero Healthcare will have a lot size of 11 shares with a total issue size of 12,718,600 shares including 7,949,125 fresh equity shares and 4,769,475 offers for sale. There will be an employee discount of Rs. 119 per share.
Entero Healthcare Solutions will have a basis of allotment on 14 February 2024 expected. While the company will have a listing date of 16 February 2024 (expected). The company expects to list at a good price in the market. There will be different categories of investors allowed in the IPO. On the first day of IPO opening, the company got 0.06 times subscribed by the half day. The shares will be available for Qualified Institutional Buyers, Anchor Investors, NII, Retails, and Employees.
The company is performing well. It was going in the loss by the end of the previous financial year. However, they made a good comeback. Although there was a fall in the revenue a little. However, the company turned profitable in the September end quarter. The Profit After Tax on 31 March 2023 was -11.10. It turned to +11.64 on 30 Sep 2023. The company expects to run profitably now. We hope you get enough details about Entero Healthcare Solutions Limited IPO GMP above.