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The Concord Enviro IPO is a book-built issue worth ₹500.33 crores. The IPO comprises a fresh issue of 0.25 crore shares totaling ₹175.00 crores and an offer for sale (OFS) of 0.46 crore shares amounting to ₹325.33 crores.
The subscription for the Concord Enviro IPO opens on December 19, 2024, and closes on December 23, 2024. Investors can check the IPO allotment status on Tuesday, December 24, 2024, when the allotment is expected to be finalized. The IPO will list on the BSE and NSE with a tentative listing date of Friday, December 27, 2024.
The Concord Enviro IPO price band is set between ₹665 to ₹701 per share. The minimum lot size for applications is 21 shares, requiring a minimum investment of ₹14,721 for retail investors. For sNII investors, the minimum application is 14 lots (294 shares) worth ₹2,06,094, while for bNII investors, it is 68 lots (1,428 shares) amounting to ₹10,01,028.
To monitor the latest updates, investors can refer to the IPO watch platforms for details on the IPO grey market performance (IPO GMP) and price trends. Keeping track of the IPO GMP provides insights into market sentiment before the listing date.
The Book Running Lead Managers (BRLMs) for the Concord Enviro IPO are Motilal Oswal Investment Advisors Limited and Equirus Capital Private Limited, while Link Intime India Private Ltd serves as the registrar for the issue.
For further details, including IPO allotment schedules and real-time updates, investors are encouraged to refer to the Red Herring Prospectus (RHP) and reliable platforms for IPO grey market (IPO GMP) trends and IPO allotment status.
| IPO Date | December 19, 2024 to December 23, 2024 |
|---|---|
| Listing Date | December 27, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹665 to ₹701 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 71,37,321 shares (aggregating up to ₹500.33 Cr) |
| Fresh Issue | 24,96,433 shares (aggregating up to ₹175.00 Cr) |
| Offer for Sale | 46,40,888 shares of ₹5 (aggregating up to ₹325.33 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre-Issue | 1,81,99,800 shares |
| Share Holding Post Issue | 2,06,96,233 shares |
| IPO Open Date | Thursday, December 19, 2024 |
|---|---|
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| The credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,721 |
| Retail (Max) | 13 | 273 | ₹1,91,373 |
| S-HNI (Min) | 14 | 294 | ₹2,06,094 |
| S-HNI (Max) | 67 | 1,407 | ₹9,86,307 |
| B-HNI (Min) | 68 | 1,428 | ₹10,01,028 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 640.09 | 627.68 | 592.22 | 536.9 |
| Revenue | 208.02 | 512.27 | 350.5 | 337.57 |
| Profit After Tax | 0.52 | 41.44 | 5.49 | 16.48 |
| Net Worth | 319.71 | 320.82 | 279.23 | 266.81 |
| Reserves and Surplus | 300.59 | 303.09 | 258.64 | 261.12 |
| Total Borrowing | 167.53 | 153.19 | 131.06 | 125.76 |
The Concord Enviro IPO presents a strong investment opportunity with detailed timelines for subscription, allotment, and listing. Investors can monitor IPO GMP trends, IPO allotment status, and other updates via trusted IPO watch platforms to make informed decisions. Keeping an eye on the IPO grey market performance will provide additional insights leading up to the listing date.
For more information, refer to the Red Herring Prospectus (RHP) for complete details on the issue and stay updated with the latest IPO allotment and market trends.
