How To Check Concord Enviro Systems IPO Allotment Status On Link Intime? Find Latest GMP Here
The grey market premium of Concord Enviro IPO was Rs 55 as of 7:00 am on December 24, indicating a 7.85% gain per share.
The allotment for the Concord Enviro IPO is expected to be finalised on Tuesday, December 24, a day after its subscription window closed for investors. The Concord Enviro IPO garnered decent interest from investors, who booked 10.67 times the shares put on sale. In total, applicants bid for 5,35,33,347 shares against the 50,15,356 shares on offer.
Non-institutional investors subscribed their quota by 14.2 times, while qualified institutional buyers booked 17.32 times the shares set aside for them.Retail investors booked their quota of shares by 5.36 times.
Following the close of the subscription, investors will now look at the share allotment for Concord Enviro IPO. Here is how to check it on BSE and Link Intime India website.
How To Check Concord Enviro IPO Allotment Status On BSE?
Visit the Application Status page of BSE here.
Select Equity.
Select 'Concord Enviro Systems Ltd.' from the dropdown menu.
Enter your IPO application number or PAN details.
Check on the ‘I am not a Robot’ box.
Click on the Submit button to check the details of the allotment status.
How To Check Concord Enviro IPO Allotment Status On The Link Intime India
Visit the IPO allotment page on Link Intime India here.
From the dropdown menu, select 'Concord Enviro Systems Ltd.' from the list of companies.
Choose from PAN, Application Number, DP/Client ID, or Account Number/IFSC to view your allotment status.
Enter the required details based on your selection.
Hit 'Submit' to check the allotment status.
Concord Enviro IPO GMP Today
The grey market premium of Concord Enviro IPO was Rs 55 as of 7:03 am on December 24 indicating a listing gain of 7.85%, with the listing price being Rs 756 apiece - according to InvestorGain.
The GMP trends have been a mixbag so far. The grey market premium was Rs 70 when the issue opened for subscription but soon slid down to Rs 40 by Day 2. But as the subscription concluded the GMP climbed again.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Concord Enviro IPO Listing Date
Shares of Concord Enviro IPO will list on BSE and NSE with a tentative listing date fixed as Friday, December 27.
Concord Enviro IPO
Concord Enviro Systems IPO, worth Rs 500.33 crore, is a mix of fresh issuance of 25 lakh shares totalling Rs 175 crore and an offer-for-sale of 46 lakh shares aggregating to Rs 325.33 crore. The Concord Enviro IPO price band was set at Rs 665 to Rs 701 apiece.
Link Intime India is the registrar for the issue, while Motilal Oswal Investment Advisors Ltd. and Equirus Capital Pvt. have been appointed as the book-running lead managers.
Use of Proceeds
Concord Enviro said it will utilise the net proceeds from the IPO to settle its debts and fund working capital requirements. A part of the proceeds will also be spent on efforts for technological upgrades and general corporate purposes.
About Concord Enviro Ltd.
Concord Enviro Systems Ltd. provides water and wastewater treatment, as well as reuse solutions, to both domestic and international clients. The company specialises in integrated wastewater treatment and zero-liquid discharge (ZLD) systems, with a strong emphasis on energy optimisation and recovery. Their solutions help industries meet water conservation and sustainability objectives.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
