17-Dec-2024
2 mins read
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Concord Enviro IPO Subscription Status
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 FAQ
1. 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.
2. 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.
3. 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.
4. 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.
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.
What is an IPO Subscription?
The IPO subscription is a process by which investors bid for shares of the company during its first public offer. Investors from the different categories like retail, institutional and non-institutional apply for shares within the IPO price-band. The level of subscription is measured in terms of how many times shares offered are applied.
A higher subscription time in a specific category reflects strong investors' interest and high demand. Whereas, low subscription reflects lack of demand and under subscription. The subscription data is updated daily which drives the investors sentiment while applying for any IPO.