Liquidity Events
Entero Healthcare’s IPO fully subscribed
The initial public offer (IPO) of Mumbai-headquartered Entero Healthcare was fully subscribed on the third day of the bidding process. The issue was booked 1.53 times at close.Entero Healthcare IPO comprises a fresh equity issue of INR 1,000 crore and an offer for sale (OFS) of 47.69 lakh shares. Prabhat Agrawal, Prem Sethi, Orbimed Asia III Mauritius, Chethan MP, and Deepesh T Gala, will offload shares under the OFS.Entero was founded in 2018. It offers a pan-India, technology driven and integrated healthcare products distribution platform that can add value to the healthcare ecosystem.
In Aug-18, Entero had raised over USD 22 M from OrbiMed and others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
