Concord Enviro IPO GMP, Open Date, Price Band, Allotment Status

Concord Enviro IPO open date is on 19 December to 23 December 2024. This new IPO is a book-built issue of Rs 500.33 crore. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 175 crore and OFS is of Rs 325.33 crore.

Concord Enviro IPO price band is Rs 665 to Rs 701 per share. Concord Enviro IPO GMP is 57 indicates mild bullish sentiment for this IPO among investors.

Concord Enviro IPO lot size is 21 shares. The IPO allotment status is finalised on Tuesday, December 24, 2024. The minimum investment for the retail investors for 1 lot is expected to be Rs 14,721. The registrar for Concord Enviro IPO is Link Intime India Private Limited. The listing date is 27 December 2024.

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Concord Enviro IPO GMP

Concord Enviro IPO GMP is around Rs 57 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Concord Enviro IPO GMP might rise in the coming days.

Concord Enviro IPO Price Band

Concord Enviro IPO price band is Rs 665 to Rs 701 per share. The minimum amount of investment for the retail category is expected to be around Rs 14,721 and for small NII minimum investment is to be around Rs 2,06,094. The minimum investment for the Big NII is to be around Rs 10,01,028.

Concord Enviro IPO Open Date, Close Date

Concord Enviro IPO open date is Thursday, 19 December 2024 and closing date is Monday, 23 December 2024. Initiation of refund date is 26 December 2024 and credit of shares will be on 26 December 2024.

Concord Enviro IPO Allotment Status

Concord Enviro IPO allotment status will be finalised on Tuesday, 24 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Concord Enviro IPO Listing Date

Concord Enviro IPO's listing date will be on Friday, 27 December 2024. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Concord Enviro IPO: Listing Date, Lot Size, Price Band

Concord Enviro Systems Limited: About the Company

Concord Enviro Systems Limited was founded in 1999, is a global water and wastewater treatment and reuse solutions provider, including zero-liquid discharge technology.

The company offers in-house solutions across the entire value chain, including design, manufacturing, installation, operation and maintenance, and digitalization, such as IoT.

Concord Enviro Systems provides integrated wastewater treatment and zero liquid discharge solutions. It focuses on energy optimization and recovery to aid industries in achieving water conservation and sustainability goals.

Concord Enviro IPO Objectives

The funds raised from Concord Enviro IPO will be used for the funding the capital expenditure needs, investment in technology and investment in subsidiaries. The remaining money will be used for general corporate purposes.

Concord Enviro IPO: Key Dates, Allotment, Listing Date

Concord Enviro IPO Subscription Status, IPO Reservation

Concord Enviro IPO subscription status will be available after the IPO opens on 19 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

Concord Enviro IPO Lot Size Details

Concord Enviro IPO lot size is 21 shares. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,721 and the maximum is 13 lots, amounting to be around Rs 1,91,373. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,06,094.

Concord Enviro IPO Promoter Holdings

Concord Enviro IPO promoters are Prayas Goel, and Prerak Goel. The promoters' shareholdings before the IPO were not disclosed; however, after the IPO, shareholdings will decline.

Concord Enviro Limited Company Financials

Concord Enviro Limited posted revenue of Rs 512.27 crore and net profit of Rs 41.44 crore for the period ending on 31 Mar 2024. The company’s revenue increased by 46% and PAT increased by 655% between the FY ending on 31 March 2024 and 31 March 2023.

Concord Enviro IPO Registrar

Concord Enviro IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Concord Enviro IPO Lead Managers

Concord Enviro IPO lead managers are Motilal Oswal Investment Advisors Limited, Equirus Capital Private Limited.

How to apply to Concord Enviro IPO

Interested investors can apply to the Concord Enviro IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Concord Enviro IPO Review

Concord Enviro IPO may get a neutral response from the general public. The company is involved in the business of waste water treatment. So, investors interested in the textiles sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Concord Enviro IPO GMP will also rise.

Concord Enviro IPO FAQ

1. What are the details of the Concord Enviro IPO?

Concord Enviro IPO is a book-built issue of Rs 500.33 crore. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 175 crore and OFS is of Rs 325.33 crore.

2. When will the Concord Enviro IPO open and close?

Concord Enviro IPO open date is Thursday, 19 December 2024 and closing date is Monday, 23 December 2024. Initiation of refund date is 26 December 2024 and credit of shares will be on 26 December 2024.

3. What is Concord Enviro IPO GMP?

Concord Enviro IPO GMP is around Rs 57 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Concord Enviro IPO GMP might rise in the coming days.

4. What are the details of Concord Enviro IPO reservation?

Concord Enviro IPO subscription status will be available after the IPO opens on 19 December 2024. In the QIB category, 50% of the net offer is reserved. The remaining 35% is reserved for retail investors, and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Concord Enviro IPO allotment status will be finalised on Tuesday, 24 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Concord Enviro IPO?

Concord Enviro IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are Motilal Oswal Investment Advisors Limited, Equirus Capital Private Limited.

Also Read:

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• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?