check out the Concord Enviro Systems IPO GMP (Grey Market Premium) as of today. The GMP on IPO for Concord Enviro Systems has started off strong. Stay tuned for the latest updates on the Concord Enviro Systems IPO GMP.
Concord Enviro Systems IPO is set to open on December 19, 2024. The Concord Enviro Systems IPO is a Mainboard IPO. The Concord Enviro Systems IPO Price band is fixed at ₹665 to ₹701 with a lot of 21 shares.
About Concord Enviro Systems IPO
Concord Enviro Systems Limited, established in July 1999, specializes in water supply and wastewater reuse solutions, utilizing advanced zero-liquid discharge (ZLD) technology. The company prioritizes customer satisfaction and building long-term relationships, which has helped it grow a strong customer base of 353 domestic clients and 24 international clients. These customers span diverse industries, including pharmaceuticals, chemicals, food and beverage, defense, energy, automotive, auto ancillaries, steel, and textiles.
With a significant global presence, Concord Enviro Systems exports its products to regions such as North America, Latin America, Africa, the Middle East, and Southeast Asia. The company has shown impressive financial growth, with revenue increasing from INR 329.37 crores in 2022 to INR 496.86 crores in 2024. Additionally, the net income for 2024 stands at INR 41.44 crores. Concord operates two manufacturing facilities—one in Vasai, Maharashtra, India, and the other in Sharjah, UAE.
Concord Enviro Systems IPO GMP Live Rates
| Date | IPO GMP |
|---|---|
| December 26, 2024 | ₹ 134 (19.12%) |
| December 25, 2024 | ₹ 134 (19.12%) |
| December 24, 2024 | ₹ 75 (10.70%) |
| December 23, 2024 | ₹ 55 (7.85%) |
| December 22, 2024 | ₹ 40 (5.71%) |
| December 21, 2024 | ₹ 40 (5.71%) |
| December 20, 2024 | ₹ 55 (7.85%) |
| December 19, 2024 | ₹ 70 (9.99%) |
| December 18, 2024 | ₹ 70 (9.99%) |
Concord Enviro Systems IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Concord Enviro Systems Limited |
| Industry | Environmental Services |
| IPO Issue Type | Book Built Issue |
| Open Date | December 19, 2024 |
| Close Date | December 23, 2024 |
| Total Issue Size | Approx ₹500.33 Crores |
| Fresh Issue | Approx ₹175 Crores |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹665 to ₹701 Per Share |
| Listing on | BSE & NSE |
| Lot Size | 21 Shares Per Lot |
| Offer for Sale | Approx 46,40,888 Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Concord Enviro Systems IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 19, 2024 |
| IPO Close Date | December 23, 2024 |
| Basis of Allotment | December 24, 2024 |
| Refunds | December 26, 2024 |
| Credit to Demat Account | December 26, 2024 |
| IPO Listing Date | December 27, 2024 |
FAQs
What is the Current GMP for Concord Enviro Systems IPO?
The Concord Enviro Systems IPO GMP is ₹- as of today.
What are the Expected Returns for Concord Enviro Systems IPO?
The expected returns for Concord Enviro Systems IPO are -%.
Disclaimer:
- The IPO Grey Market Premium (Concord Enviro Systems IPO GMP) mentioned is applicable only for the specific date noted above.
- We do not participate in buying or selling IPO forms in the Grey Market.
- Please do not base your decision to subscribe to an IPO solely on the premium price, as it may fluctuate before the listing. Always consider the company’s fundamentals before investing.
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