The market valuation of Entero Healthcare Solutions on the BSE was Rs 4,999.61 crore.

On February 16, Entero Healthcare Solutions, a healthcare products distributor, made its debut on the stock exchange. Unfortunately, the company’s shares tumbled 9 percent against the issue price of Rs 1,258. The stock opened at Rs 1,245, which was lower by 1.03 percent against the issue price on the BSE. Throughout the day, it hit a low of Rs 1,141.80 and later closed 8.62 percent lower at Rs 1,149.50 apiece. On the NSE, shares of Entero Healthcare started trading at Rs 1,228.70, with a discount of 2.33 percent, before settling at Rs 1,150.10, down 8.58 percent.

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. At the close of the session, the company’s market valuation stood at Rs 4,999.61 crore on the BSE.

The broader equity markets had a more positive day. The 30-share BSE Sensex advanced 376.26 points, or 0.52 percent, to settle at 72,426.64 points, while NSE Nifty advanced 0.59 percent to close at 22,040.70 points.

The Rs 1,600 crore IPO of Entero Healthcare Solutions was subscribed 1.53 times on the final day of subscription on Tuesday. The price range for the offer was Rs 1,195-1,258 per share.

Entero Healthcare Solutions is the third company to list at a discount this year. On Wednesday, both Jana Small Finance Bank (SFB) and Capital SFB shares ended at a discount of 11 percent and 7 percent, respectively, to their issue prices.

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