Concord Enviro Ltd. made a steady debut on the stock exchanges today, listing at ₹826 on the National Stock Exchange (NSE), marking a 17.83% premium over its issue price of ₹701 per share. The listing reflects moderate investor optimism and demand during the IPO subscription phase.
IPO Details and Subscription Highlights
- IPO Price Band: ₹665 – ₹701 per share
- Lot Size: 21 shares
- Total Issue Size: 71,37,321 shares, aggregating up to ₹500.33 crore
- Fresh Issue: 24,96,433 shares (₹175 crore)
- Offer for Sale: 46,40,888 shares (₹325.33 crore)
- Subscription: The IPO was subscribed 10.67 times, with a balanced response across categories:
- Qualified Institutional Buyers (QIBs): Subscribed 17.32 times
- Non-Institutional Investors (NII): Subscribed 14.2 times
- Retail Investors: Subscribed 5.56 times
Market Debut
The stock opened at ₹826 on NSE, registering a gain of ₹125 per share over the upper issue price of ₹701. This reflects a positive sentiment among investors, though less pronounced than recent high-profile listings.
Disclaimer: This article is for informational purposes only. Please consult a certified financial advisor before making any investment decisions.
