Concord Enviro Systems IPO Subscription Status started on Thursday, December 19, 2024, and will close on December 23, 2024. The IPO aims to raise approximately ₹500.33 crores through public issuance. The allocation for investor categories includes 35% for Retail Investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (NII). The price band is set at ₹665 to ₹701 per equity share, offering an opportunity for investors to participate in this anticipated offering.
The Concord Enviro Systems IPO requires a minimum market lot of 21 shares, amounting to an application value of ₹14,721. This IPO is classified as a Mainboard IPO and will be listed on the BSE.
About Concord Enviro Systems
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.
GMP on IPO of Concord Enviro Systems
For the latest updates on Concord Enviro Systems IPO Grey Market Premium (GMP) and GMP of IPOs, please visit our IPO GMP Page. Stay informed on premium trends and investor interest before making your investment decision.
BapuKhabar View on Concord Enviro Systems
We recommend investors consider applying for this IPO with a Long-Term Perspective, as it holds potential for growth in the coming years. However, before committing, it’s wise to review the QIB, NII, and Retail subscription numbers.
Concord Enviro Systems IPO Subscription Status (Day Wise)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.01 | 17.32 |
| NII | 0.35 | 1.01 | 14.20 |
| RII | 1.04 | 2.02 | 5.56 |
| Total | 0.6 | 1.25 | 10.67 |
Investor Insights
Employee Category (EMP): Reserved specifically for eligible employees, providing an opportunity to invest at the IPO price.
Qualified Institutional Buyers (QIB): Typically larger institutions, including mutual funds and banks, this category has shown [interest level, e.g., strong demand].
Non-Institutional Investors (NII): Includes corporate bodies and HNIs who often bid for a significant portion.
Retail Individual Investors (RII): Subscription levels in this category reflect the enthusiasm of individual retail investors.
Concord Enviro Systems IPO Review and Rating
- Recommendation: Apply
- Rating: ★★☆☆☆ (2/5)
Concord Enviro Systems IPO Forms
How to apply for the Concord Enviro Systems IPO?
You can apply for the Concord Enviro Systems IPO through the ASBA option available in your bank account. Simply log in to your online banking, navigate to the Invest section, and select the Concord Enviro Systems IPO to apply directly. Alternatively, you can apply using IPO forms downloaded online. Download the blank Concord Enviro Systems IPO forms, fill them out, and submit them at your bank or through your broker.
FAQs
When will the Concord Enviro Systems IPO Subscription Start?
The IPO subscription starts on December 19, 2024 for QIB, NII, and Retail Investors.
How to Subscribe to the IPO?
You can subscribe via ASBA or non-ASBA options. Log in to your bank account and apply for the IPO through ASBA, or download the IPO application form, fill it out, and submit it to your broker or bank.
How Can I Check Live Concord Enviro Systems IPO Subscription Numbers Today?
Visit our portal for live IPO subscription updates, which we refresh hourly from official sources. You can also check live subscription data on the official websites associated with the IPO.
How to Apply for the IPO through Zerodha?
- Log in to your Zerodha account (website or app).
- Go to Portfolio and select IPO.
- Select the IPO name and click on the Bid button.
- Enter your UPI ID, quantity, and price, then submit the application.
- Approve the mandate in your UPI app or Net Banking/BHIM App.
How to Apply for the IPO through Upstox?
- Log in to your Upstox account.
- Select the IPO name and click on Bid.
- Confirm your application and go to your UPI app or Net Banking/BHIM App to approve the mandate.
How to Apply for the IPO through Paytm Money?
- Log in to Paytm Money and select the IPO name.
- Click on the Bid button and confirm your application.
- Approve the mandate through your UPI app or Net Banking/BHIM App.
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