The Entero Healthcare IPO (initial public offering) will be listed on the stock exchanges on Friday. The public offer, through which the healthcare products distributing firm aimed to generate net proceeds worth ₹1600 crore, opened for subscription on February 9, closing on February 13.
The company aims to raise ₹1600 crore through the IPO (Representational)
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Meanwhile, on the eve of stock exchange listing, the IPO's share allotment was finalised, and investors can now check if shares have been allotted to them, and, if yes, then how many. They can do this on the website of Link Intime Private Limited, the registrar of the IPO, or on those of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Entero Healthcare will initiate refunds for those who did not get shares. The three-day issue, however, received a tepid response from both retail investors and non-institutional investors (NIIs) and, on the third and final day, its subscription status stood at 1.53 times.
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