Entero Healthcare IPO: The price band has been fixed in the range of Rs 1,195-1,258 per equity share. Bids can be made for a minimum of 11 shares and in multiples thereafter. The IPO comprises a fresh equity issue of Rs 1,000 crore and an offer for sale of up to 47.69 lakh shares. Under the OFS, Prabhat Agrawal, Prem Sethi, Orbimed Asia Iii Mauritius, Chethan MP, Deepesh T Gala, among others, will offload shares.
Entero Healthcare Solutions IPO has received observation letter from the market regulator on January 16, while the SEBI issued the said letter to Exicom Tele-Systems IPO, and Stallion India Fluorochemicals IPO on January 19
The offer is being made through the book building process, where 75% of the issue is reserved for qualified institutional buyers, 10% for non-institutional investors and the rest 10% for retail investors
The firm initiated work on its IPO last week and has hired investment banks ICICI Securities Ltd, JM Financial Ltd, Jefferies Group Llc, and Credit Suisse Group AG to work in its draft IPO papers