Entero Healthcare IPO opens Friday: What GMP signals ahead of subscription

The initial public offering (IPO) of Entero Healthcare Solutions will kick off for subscription on Friday, February 9, and will conclude on February 13. The bidding for the anchor book will take place for a day on February 8.

Ahead of the issue opening, shares of Entero Healthcare were trading at a premium of ₹125 in the grey market today.

The grey market is an unofficial ecosystem where shares start trading before the allotment in the IPO and continue till the listing day. Most investors track the GMP to get an idea of the listing price.

The Haryana-based healthcare products distributor will be selling its shares in the range of ₹1,195-1,258 per equity share. Interested investors can bid for a minimum of 11 shares in one lot and in multiples thereafter.

Considering the upper end of the price band, Entero Healthcare is aiming to raise ₹1,000 crore through a fresh issue component and ₹600 crore via an offer-for-sale (OFS) route.