Concord Enviro Systems Limited IPO
Concord Enviro Systems Limited was a mainboard IPO in the Waste Management sector, offered at ₹665–₹701 per share to raise ₹500 crore. The issue was subscribed 10.67× overall (QIBs 17.32×, NIIs 14.2×, retail 5.56×). It listed on 27 Dec 2024 at ₹826 and closed its first day at ₹827, a listing gain of +18.0% versus the ₹701 issue price. It now trades around ₹225 (-68.0% versus the issue price).
Frequently asked questions
- How many times was the Concord Enviro Systems Limited IPO subscribed?
- The Concord Enviro Systems Limited IPO was subscribed 10.67× overall — 17.32× in the QIB category, 14.2× among non-institutional investors, 5.56× in retail.
- What were the Concord Enviro Systems Limited IPO listing gains?
- Concord Enviro Systems Limited listed on 27 Dec 2024 at ₹826, closing its first day at ₹827 — a listing gain of +18.0% versus the ₹701 issue price.
- What were the retail allotment odds for the Concord Enviro Systems Limited IPO?
- Retail was subscribed 5.56×, so a single-lot application had roughly a 18% chance of allotment (about 1 in 6), and allotment was finalised on 25 Dec 2024.
- What was the price band and lot size of the Concord Enviro Systems Limited IPO?
- The price band was ₹665–₹701 per share, with a minimum lot of 21 shares (₹14,721 at the upper band).
- Who were the registrar and lead manager for the Concord Enviro Systems Limited IPO?
- Link Intime India Private Limited was the registrar, and Motilal Oswal was the book-running lead manager.