Entero Healthcare Solutions share price makes a weak debut, stock lists with 2.3% discount at ₹1,228.70 apiece on NSE

Entero Healthcare Solutions share price made a weak debut on the bourses today. On NSE, Entero Healthcare Solutions share price was listed at ₹1,228.70 per share, 2.33% lower than the issue price of ₹1,258. On BSE, Entero Healthcare Solutions share price today was listed at ₹1,245 apiece, down 1.03% than the issue price.

Experts anticipated Entero Healthcare Solutions share price to list in the range of ₹1,138 to ₹1,168 per share.

Also Read: Entero Healthcare Solutions IPO listing date today. What GMP, experts signal?

On day 3, Entero Healthcare Solutions IPO subscription status was 1.53 times. The Entero Healthcare Solutions IPO garnered tepid response from both retail and non-institutional investors (NII).

Entero Healthcare Solutions IPO opened for subscription on Friday, February 09, and closed on Tuesday, February 13. Entero Healthcare Solutions IPO raised ₹716 crore from 25 anchor investors at the upper price band of ₹1,258 per equity share.

Also Read: Entero Healthcare Solutions IPO allotment finalised; Latest GMP, steps to check Entero IPO allotment status

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Entero Healthcare Solutions IPO details

Entero Healthcare Solutions IPO, which is worth ₹1,600 crore, comprises a fresh issue of ₹1,000 crore, and an offer-for-sale (OFS) of up to 4,769,475 equity shares by the promoters and other investors aggregating up to ₹600 crore.

The promoters selling shareholders are Prabhat Agrawal, Prem Sethi, and OrbiMed Asia III Mauritius Limited. The biggest shareholder to sell is OrbiMed Asia III Mauritius Limited, which is offloading 3,815,580 equity shares. Prabhat Agrawal and Prem Sethi will sell 470,210 and 313,472 equity shares, respectively. Additional shareholders that are selling their shares include Novacare Drug Specialities Private Limited, which is selling up to 42,250 equity shares, and K.E. Prakash, who is selling up to 39,610 equity shares.

Also Read: Entero Healthcare IPO: Issue receives tepid response from investors on Day 01; Check GMP, Entero IPO subscription status

The company intends to use the net proceeds from the fresh offering to finance the following goals: financing the company's long-term working capital needs for Fiscal Years 2025 and 2026; pursuing inorganic growth initiatives through acquisitions; and general corporate purposes. Repayment or prepayment of certain borrowings that the company has taken out may be done in full or in part.

The Entero Healthcare Solutions IPO's book running lead managers are ICICI Securities Limited, Dam Capital Advisors Ltd (formerly Idfc Securities Ltd), Jefferies India Private Limited, JM Financial Limited, and SBI Capital Markets Limited. The issue's registrar is Link Intime India Private Ltd.

Also Read: Entero Healthcare Solutions IPO to debut on the bourses tomorrow; here's what GMP signals ahead of listing

Entero Healthcare Solutions IPO GMP today

Entero Healthcare Solutions IPO GMP or grey market premium is +2. This indicates Entero Healthcare share price were trading at a premium of ₹2 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, Entero Healthcare Solutions IPO expected listing price was ₹1,260 apiece, which is 0.16% higher than the IPO price of ₹1,258.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Entero Healthcare Solutions IPO Day 3: Check GMP, subscription status, review, key dates, and other details

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