Concord Enviro IPO Anchor Allocation at 30%

Concord Enviro IPO saw a significant anchor allocation response, with 30% of the total IPO size subscribed by anchor investors. Out of the 71,37,321 shares on offer, anchors picked up 21,41,195 shares, demonstrating strong market confidence. The anchor allocation details were reported to the stock exchanges on December 18, 2024, just ahead of the IPO opening on December 19, 2024.

The book-built issue of ₹500.33 crores comprises a fresh issue of 24,96,433 shares aggregating to ₹175.00 crores and an offer for sale of 46,40,888 shares aggregating to ₹325.33 crores. The price band is set at ₹665 to ₹701 per share, with a face value of ₹5 per share. This includes a share premium of ₹696 per share at the upper end of the price band.
 

The anchor allocation process, which took place on December 18, 2024, saw strong participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹701 per share, indicating robust demand and confidence in the company's prospects.
 

After the anchor allocation, the overall allocation of the IPO reservation looks as follows:

Notably, the 21,41,195 shares allocated to anchor investors were reduced from the original Qualified Institutional Buyers (QIB) quota. The QIB quota has been adjusted to ensure that the overall allocation to QIBs, including the anchor portion, remains within regulatory limits.

The lock-in period for anchor investors is an important aspect of the allocation. For Concord Enviro IPO, the lock-in details are as follows: 

• Lock-in Period (50% Shares): January 23, 2025 
• Lock-in Period (Remaining Shares): March 24, 2025

This lock-in period ensures that anchor investors maintain their investments for a specified duration, stabilizing the stock price after listing. 
 

Anchor Investors in Concord Enviro IPO 

Anchor investors are typically large institutional investors allotted shares in an IPO before it opens to the public. The anchor allocation process is a crucial part of the IPO, as it helps in price discovery and builds confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and can influence the overall subscription levels.

On December 18, 2024, Concord Enviro IPO completed the bidding for its anchor allocation. There was a robust response as the anchor investors participated in the book-building process. A total of 21,41,195 shares were allotted to 18 anchor investors. The allocation was done at the upper IPO price band of ₹701 per share, resulting in an overall anchor allocation of ₹150.10 crore. The anchors have already absorbed 30% of the total issue size of ₹500.33 crore, indicating strong institutional demand.

Out of the total allocation of 21,41,195 equity shares to the Anchor Investors, 13,84,362 equity shares (i.e., 64.65% of the total allocation) were allocated to 6 domestic mutual funds through 10 schemes.

Key IPO Details:

• IPO Size: ₹500.33 crores 
• Shares Allocated to Anchors: 21,41,195 
• Anchor Subscription Percentage: 30% 
• Listing Date: December 27, 2024 
• IPO Opening Date: December 19, 2024
   

About Concord Enviro Systems Limited and How to Apply for Concord Enviro IPO 

Founded in July 1999, Concord Enviro Systems Limited is a global water and wastewater treatment and reuse solutions provider, including zero-liquid discharge (ZLD) technology. The company offers in-house solutions across the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization. As of March 31, 2024, the company exports its solutions to North America, Latin America, Africa, the Middle East, and Southeast Asia and has served over 353 domestic and 24 international customers. The company has two manufacturing facilities: one in Vasai, India, and another in Sharjah, UAE. Their in-house R&D team comprises 21 employees as of March 31, 2024, who develop the solutions.