Entero Healthcare Solutions IPO
Entero Healthcare Solutions Limited (ENTERO) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 February 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.2% (likely range -12% to +11%), day's high +8.5%, chance of a gain 33%. Actual: -2.3% at the open, 0.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 38,08,069 | 86,86,172 | 2.28x | |
| NII (HNI) total | 19,60,609 | 4,26,756 | 0.22x | |
| Big NII (above ₹10 lakh) | 13,07,072 | 2,13,895 | 0.16x | |
| Small NII (₹2-10 lakh) | 6,53,537 | 2,12,861 | 0.33x | |
| Retail | 13,07,073 | 17,43,885 | 1.33x | |
| Employees | 74,349 | 93,071 | 1.25x | |
| Total | 71,50,100 | 1,09,49,884 | 1.53x |
Bids on NSE and BSE together, as published by NSE, as of 13 Feb 2024, 07:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Entero Healthcare Solutions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Bharat DynamicsMar 2018 | 1.50x | 0.50x | 1.41x | 1.30x | ₹1,667 Cr | -13.6% | -5.9% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Paradeep PhosphatesMay 2022 | 3.01x | 0.82x | 1.37x | 1.75x | ₹1,637 Cr | +4.8% | +12.5% |
| Yatra OnlineSep 2023 | 2.05x | 0.42x | 2.11x | 1.61x | ₹796 Cr | -10.2% | -2.4% |
| Mishra Dhatu NigamMar 2018 | 1.96x | 0.12x | 0.72x | 1.21x | ₹755 Cr | -3.3% | +1.1% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Dam Capital AdvisorsLimited | — | — | — |
| Jefferies India | 26 | +19.5% | 81% |
| Jm Financial | 109 | +22.8% | 75% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Entero Healthcare Solutions IPO price band and lot size? ₹1,195–1,258 per share, with a lot of 11 shares, so the smallest retail bid is ₹13,838.
How many times has it been subscribed? 1.53x overall: QIB 2.28x, NII 0.22x, retail 1.33x, employees 1.25x.
How did it list? It opened at ₹1,229, -2.3% against the issue price of ₹1,258, and closed its first day -8.6%.
