Navigating the IPO Landscape with Entero Healthcare Solutions
As an investor, stepping into the world of Initial Public Offerings (IPOs) can be both exciting and overwhelming. Entero Healthcare Solutions Limited, a key player in healthcare product distribution, is set to launch its IPO from February 9 to February 13, 2024. If you’re new to IPO investments, this beginner’s guide will walk you through the essentials of Entero Healthcare Solutions .
Entero Healthcare Solutions Limited, established in 2018, is gearing up for its IPO, aiming to raise Rs 1,600.00 crores. The IPO comprises a fresh issue of 0.79 crore shares amounting to Rs 1,000.00 crores and an offer for sale of 0.48 crore shares worth Rs 600.00 crores. With a tentative listing date of February 16, 2024, on both BSE and NSE this IPO opens doors for investors seeking.
IPO Dates: February 9, 2024, to February 13, 2024
Price Band: ₹1195 to ₹1258 per share
Lot Size: 11 shares
Total Issue Size: 12,718,600 shares, aggregating up to ₹1,600.00 Cr
Fresh Issue: 7,949,125 shares, aggregating up to ₹1,000.00 Cr
Offer for Sale: 4,769,475 shares, aggregating up to ₹600.00 Cr
Subscription and Allotment: The IPO subscription window opens on February 9, 2024, and closes on February 13, 2024. Allotment is expected to be finalized on February 14, 2024. Investors can bid for a minimum of 11 shares, and the minimum investment for retail investors is ₹13,838. The IPO will list on both BSE and NSE.
How to Open a Free Demat Account: Before diving into the Entero Healthcare Solutions IPO, it’s crucial to have a Demat account. A Demat account is a digital repository for holding and managing your securities electronically.
Financial Snapshot: Entero Healthcare Solutions, with relationships with over 1,900 healthcare product manufacturers, has experienced significant growth. Despite a negative profit after tax in recent years, the company’s robust revenue increase of 30.84% showcases its potential for future expansion.
Objectives of the Issue: The company intends to utilize the Net Proceeds from the Fresh Issue for purposes such as repayment/prepayment of certain borrowings, funding long-term working capital requirements, and pursuing inorganic growth initiatives through acquisitions.
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