Concord Enviro Systems, a leader in water and wastewater treatment solutions, is set to finalize the allotment of its IPO shares on Tuesday, December 24, 2024. The IPO, which raised Rs 500.33 crore, saw an overwhelming response from investors. The allotment status can be checked on the BSE website or through the registrar, Link Intime India.
Key IPO Details
- Issue Period: December 19-23, 2024
- Price Band: Rs 665-701 per share
- Lot Size: 21 shares
- IPO Size: Rs 500.33 crore
- Fresh Issue: Rs 175 crore
- OFS: 46,40,888 equity shares
- Oversubscription:
- QIBs: 17.32x
- NIIs: 14.20x
- Retail Investors: 5.56x
- Listing Date: December 27, 2024 (tentative)
- Exchanges: NSE and BSE
Grey Market Premium (GMP)
As of now, the GMP for Concord Enviro Systems remains steady at Rs 55-60, indicating a potential listing gain of 7-8% despite market volatility.
How to Check Allotment Status
On BSE Website
- Visit BSE Allotment Page.
- Select “Equity” under the issue type.
- Choose Concord Enviro Systems Limited from the dropdown menu.
- Enter your application number and PAN.
- Complete the captcha verification and click “Search.”
On Link Intime India Portal
- Visit Link Intime India Portal.
- Select the IPO from the dropdown (visible after allotment finalization).
- Choose your identification mode: Application Number, Demat Account Number, or PAN.
- Enter the details and select ASBA or non-ASBA.
- Fill in the captcha and click “Submit.”
About Concord Enviro Systems
- Founded: July 1999
- Specialization: Water and wastewater treatment, including zero-liquid discharge (ZLD) technology.
- Services: End-to-end solutions—design, manufacturing, installation, O&M, and digitalization (IoT).
- IPO Managers:
- Book Running Lead Managers: Motilal Oswal Investment Advisors, Equirus Capital
- Registrar: Link Intime India
Key Data
| Parameter | Details |
|---|---|
| Issue Period | December 19-23, 2024 |
| Price Band | Rs 665-701 |
| Lot Size | 21 shares |
| Oversubscription | 10.67x overall |
| GMP | Rs 55-60 |
| Listing Date | December 27, 2024 (tentative) |
| Registrar | Link Intime India |
Conclusion
Concord Enviro Systems IPO has generated significant interest among investors due to its robust financials and promising market position. With a steady GMP and strong subscription numbers, the stock is poised for a favorable listing. Investors can now check their allotment status and prepare for the upcoming listing.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Readers are advised to consult with a financial advisor before making any investment decisions.
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