Entero Healthcare IPO GMP – Open and Close Date, Reservation, Apply or not?

An IPO of Rs 1,600.00 crores for Entero Healthcare Solutions is a book-built offering. On February 9, 2024, the IPO for Entero Healthcare Solutions will open for subscription, and it will end on February 13, 2024.

Entero Healthcare IPO GMP

The price that an initial public offering (IPO) trades at on an unofficial, unregulated grey market before it is listed is known as the grey market premium (GMP). On the day of listing, the GMP forecasts the potential reaction of an initial public offering (IPO) for a certain company. 

A high GMP premium indicates that the IPO will likely be lucrative, whereas a negative GMP indicates that the IPO will likely be at a discount.

It is important to remember that IPO GMP may fluctuate greatly, making an investment choice based just on Entero Healthcare Solutions IPO GMP hazardous. Thus, before investing, weigh all the options and decide whether or not to participate in Entero Healthcare Solutions’ initial public offering.

Entero Healthcare Solutions Limited IPO Date

On February 9, 2024, the IPO for Entero Healthcare Solutions will open for subscription, and it will end on February 13, 2024. On Wednesday, February 14, 2024, the allocation for the Entero Healthcare Solutions IPO is anticipated to be completed. The proposed listing date for the Entero Healthcare Solutions initial public offering (IPO) is Friday, February 16, 2024, on the BSE and NSE.

IPO Open Date Friday, February 9, 2024
IPO Close Date Tuesday, February 13, 2024
Basis of Allotment Wednesday, February 14, 2024
Initiation of Refunds Thursday, February 15, 2024
The credit of Shares to Demat Thursday, February 15, 2024
Listing Date Friday, February 16, 2024
The cut-off time for UPI mandate confirmation 5 PM on February 13, 2024

The pricing range for Entero Healthcare Solutions’ IPO is ₹1195 to ₹1258 per share. Eleven shares is the minimum lot size required for an application. Retail investors are required to invest a minimum of ₹13,838. A minimum lot size investment of ₹207,570 for sNII and ₹73,010,174 for bNII is required. For sNII, the minimum lot size investment is 15 lots (165 shares).

How to check the Entero Healthcare Solutions IPO Allotment Status? 

To check the Entero Healthcare Solutions IPO allotment status:

Entero Healthcare IPO

  • Visit the official website of the registrar or stock exchange where the IPO is listed.
  • Locate the IPO allotment section on the website.
  • Please provide your personal identification number (PAN) and application number.
  • Submit the information to view the allotment status.
  • Alternatively, you can check the status through the registrar’s official mobile app or call their helpline.

Entero Healthcare Solutions IPO Lot Size

Bids may be placed for multiples of 11 shares, with a minimum bid of 11. Below you can see the range of investments made by high-net-worth individuals and ordinary investors, from the lowest to the highest.

  • Retail (Min): 11 – ₹13,838
  • Retail (Max): 14 – 154 ₹193,732
  • S-HNI (Min): 15 – 165 ₹207,570
  • S-HNI (Max): 72 – 792 ₹996,336
  • B-HNI (Min): 73 – 803 ₹1,010,174

Entero Healthcare Solutions IPO Objectives

The Company intends to finance the following items using the Net Proceeds from the New Issue:

  • payback or prepayment of certain loans taken out by the business and its subsidiaries, either in whole or in part.
  • financing the long-term needs for operating cash.
  • pursuing acquisition-based inorganic growth strategies.
  • general objectives of the company.

Entero Healthcare Solutions IPO Reservation

The initial public offering (IPO) of Entero Healthcare Solutions has set aside a minimum of 75% of its shares for qualified institutional buyers (QIB), a maximum of 15% for non-institutional institutional investors (NII), and a maximum of 10% for retail investors. 

Employees who qualify and bid in the employee reservation component will get a discount of ₹119 per equity share. The employee portion consists of reserved equity shares worth up to ₹8 crore.

  • QIB Shares Offered: Not less than 75% of the Net Issue
  • Retail Shares Offered; Not more than 10% of the Net Issue
  • NII (HNI) Shares Offered: Not more than 15% of the Net Issue

Entero Healthcare Solutions IPO Buy or Not 

The decision to invest in Entero Healthcare Solutions’ IPO hinges on careful consideration of various factors. Assess the company’s financial health, growth prospects, and competitive positioning within the healthcare sector. In the dynamic world of IPOs, cautious evaluation is crucial before deciding to buy or not.

Additionally, stay informed about market conditions, regulatory landscape, and global economic trends. Conduct thorough due diligence, considering the Grey Market Premium as an indicator of market sentiment. 

If Entero Healthcare demonstrates strong fundamentals and aligns with your investment goals, it may be a compelling opportunity. However, always diversify your portfolio and consult with financial advisors for personalized advice.

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