The shares of Concord Enviro Systems are set to make their debut on the stock exchanges today, 27 December 2024, following a positive response to its initial public offering (IPO). The company’s shares will be listed on both BSE and NSE, alongside other mainboard issues, including DAM Capital, Mamata Machinery, Transrail Lighting, and Sanathan Textiles.
IPO Highlights
- IPO Subscription Dates: 19 December to 23 December 2024
- Price Band: ₹665 to ₹701 per share
- IPO Size: ₹500 crore
- Fresh Issue: 0.25 crore shares worth ₹175 crore
- Offer for Sale (OFS): 0.46 crore shares worth ₹325.33 crore
- Subscription Status:
- Qualified Institutional Buyers (QIB): 17.32 times
- Non-Institutional Investors (NII): 14.20 times
- Retail Investors: 5.56 times
Concord Enviro Systems IPO GMP
The Grey Market Premium (GMP) for Concord Enviro Systems stands at ₹135 per share as of today. This indicates that the company’s shares are trading at ₹135 above the issue price in the grey market.
Expected Listing Price: ₹836 per share
Premium Percentage: 19% over the upper price band of ₹701
Listing Details
- Listing Date: 27 December 2024
- Listing Time: 10:00 AM
- Special Pre-open Session: Scheduled before trading begins.
TOPICS:
Concord Enviro Systems