Entero Healthcare shares tumble
image for illustrative purpose
New Delhi: Shares of healthcare products distributor Entero Healthcare Solutions tumbled 9 per cent in debut trade on Friday against the issue price of Rs 1,258.
The stock opened at Rs 1,245, lower by 1.03 per cent against the issue price on the BSE. During the day, it hit a low of Rs 1,141.80 and later ended 8.62 per cent lower at Rs 1,149.50 apiece.
On the NSE, shares of Entero Healthcare started the trade at Rs 1,228.70, with a discount of 2.33 per cent before settling at Rs 1,150.10, down 8.58 per cent.
At the close of the session, the company’s market valuation stood at Rs 4,999.61 crore on the BSE. In terms of volume, 17.88 lakh equity shares were traded on the NSE, while 1.38 lakh shares changed hands on the BSE during the day.
The Rs 1,600 crore IPO of Entero Healthcare Solutions was subscribed 1.53 times on the final day of subscription on Tuesday.
