The initial public offering (IPO) of products distributor firm Entero Healthcare Solutions opened on February 9 and will close on Tuesday. Though the ₹1600 crore IPO hoped to get by on day two with some positive response from retail investors, it was unsuccessful.
Competing with three other public offers, the IPO struggled to to get through on the first day, competing with the other three IPOs. Not much enthusiasm was expressed by the retail investors, and there was very little response from non-institutional investors.
Entero Healthcare Solutions IPO subscription status on day 2
As per Mint, on the second day, the IPO's subscription status was 19%: retail investors portion was subscribed 88%, Non-Institutional Investors (NII) portion was booked 9%, and Qualified Institutional Buyers (QIB) portion was yet to be booked. The employee portion, meanwhile, was subscribed 77%.
To subscribe or not?
As per brokerage firm Swastika Investmart Limited, Entero Healthcare Limited has 'lost money in the last three fiscal years.'
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
“This is due to negative cash flows from financing, investing, and operating activities. Additionally, the company's operations demand a large amount of working capital. As it has been at a loss, we cannot define its P/E valuation. However, due to its current financial condition and other risk factors, we will avoid this IPO,” Shivani Nyati, Head of Wealth, Swastika Investmart, told Mint.
{{/usCountry}}
{{#usCountry}}
“This is due to negative cash flows from financing, investing, and operating activities. Additionally, the company's operations demand a large amount of working capital. As it has been at a loss, we cannot define its P/E valuation. However, due to its current financial condition and other risk factors, we will avoid this IPO,” Shivani Nyati, Head of Wealth, Swastika Investmart, told Mint.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Entero Healthcare IPO to close today. To subscribe or not?
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
