Entero Healthcare Solutions, a healthcare company, is going public today, February 16, 2024. The company’s shares will be listed on both the BSE and NSE stock exchanges during a special pre-open session on Friday.
Experts in the stock market have noted that the response to Entero Healthcare Solutions’ initial public offering (IPO) has been lukewarm, especially from regular investors.
This lack of enthusiasm is because the IPO was priced higher than expected, around 10-15 percent. As a result, the IPO might start trading at a lower price than originally anticipated.
Additionally, the grey market, where unofficial trading of shares occurs, is not active for Entero Healthcare Solutions IPO. This suggests that there is currently no trading activity for the company’s shares outside the official stock exchanges.
Analysts looking at the company’s fundamentals highlight Entero Healthcare Solutions’ growth strategies, such as expanding its product portfolio, reaching more customers, and using technology for better services. However, some predict that the IPO might not perform well initially, potentially opening at a discounted price of ₹1,138 to ₹1,168 per share.
In summary, Entero Healthcare Solutions is going public today, but the response to its IPO has been tepid, possibly leading to a discounted opening price in the stock market. The grey market is also not active for the company’s shares at the moment.