Entero Healthcare Solutions IPO allotment: Check status, GMP, listing date and other details

Despite muted response on the first two days, the IPO of Entero Healthcare Solutions sailed through on the final day of bidding, thanks to institutional investors. The share allotment for the public offer is expected to be finalised today.

Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.

Firstly, here's how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Entero Healthcare Solutions allotment through the registrar, which is Bigshare Services in this case, kindly follow the below steps.

Step 1: Visit the Entero Healthcare Solutions website (https://linkintime.co.in/initial_offer/public-issues.html)

Step 2: Select Entero Healthcare Solutions IPO

Step 3: Enter the PAN details and click search to know the status

Entero Healthcare Solutions GMP

In the unlisted market, the company's shares are trading with a premium of Rs 10. The stock is expected to list flat on February 16, if the trends sustain.

The issue, which was aiming to raise about Rs 1,600 crore, was booked 1.53 times at close.

The company intends to use the proceeds towards repayment of debt, long-term working capital requirements, funding subsidiaries, pursuing inorganic growth initiatives through acquisitions as well as for general corporate purposes.

Entero Healthcare Solutions helps healthcare product manufacturers by providing them with reach and accessibility to pharmacies, hospitals and clinics. As of March, 2023, the company has 73 warehouses located across the country.

Further, as of FY23, it has supply relationships with over 1,900 healthcare product manufacturers that gives us access to over 64,500 product SKUs.

During FY23, revenue from operations increased 31% year-on-year to Rs 3300 crore and losses narrowed to Rs 11.1 crore from Rs 29.4 crore a year earlier.

ICICI Securities, Dam Capital Advisors, Jefferies India, JM Financial and SBI Capital Markets are the book running lead managers.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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