New Delhi, Feb 13 (PTI) The initial share-sale of Entero Healthcare Solutions got subscribed 1.53 times on the final day of subscription on Tuesday.

The Rs 1,600 crore-Initial Public Offering (IPO) got bids for 1,09,49,884 shares against 71,50,100 shares on offer, as per NSE data.

Also Read | First Hindu Temple in UAE Inauguration Live Streaming Online: From Date, Time to Telecast Details, Know All About BAPS Mandir Set To Be Inaugurated by PM Narendra Modi.

The category for Qualified Institutional Buyers (QIBs) got subscribed 2.28 times, while the quota for Retail Individual Investors (RIIs) received 1.33 times subscription.

The portion for Non Institutional Investors received 22 per cent subscription.

Also Read | First-Ever Hindu Temple in UAE To Be Inaugurated by PM Narendra Modi on February 14: All You Need To Know About BAPS Mandir in Abu Dhabi.

The IPO was a combination of fresh issue of up to Rs 1,000 crore and an Offer For Sale (OFS) of up to 47,69,475 equity shares, aggregating up to Rs 600 crore at the upper end of the price band.

Price range for the offer was Rs 1,195-1,258 per share.

The healthcare products distributor collected Rs 716 crore from anchor investors on February 8.

Proceeds from the fresh issue will be used towards payment of debt, funding working capital requirements, pursuing inorganic growth initiatives through acquisitions and for general corporate purposes.

ICICI Securities, DAM Capital Advisors, Jefferies India, JM Financial, and SBI Capital Markets were the managers to the offer.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)