Concord Enviro IPO Allotment Status

Summary

Concord Enviro IPO has closed with a moderate but solid response from investors, achieving a subscription of 10.67 times by December 23, 2024 at 6:19:14 PM (Day 3). The public issue demonstrated balanced investor interest across categories, with the Qualified Institutional Buyers (QIB) segment leading with 17.32 times subscription. The Non-Institutional Investors (NII) category showed consistent interest with 14.20 times subscription, with sNII at 14.41 times and bNII at 14.09 times showing nearly equal enthusiasm. The Retail category achieved 5.56 times subscription. The Anchor Investors portion was fully subscribed. This book built issue has attracted a total of 6,04,657 applications, indicating substantial market interest in the company's water treatment and environmental solutions business.

How to Check Concord Enviro IPO Allotment Status:

How to Check Concord Enviro IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Link Intime India Private Ltd (https://linkintime.co.in/initial_offer/)

Step 2: From the dropdown menu, select Concord Enviro IPO

Step 3: Choose one of the following modes: PAN ID, Demat Account number, or Application number

Step 4: Enter the information relevant to the mode you have chosen.

Step 5: For security reasons, please fill out the captcha accurately.

Step 6: Click "Submit."

How to Check Concord Enviro IPO Allotment Status on BSE/NSE:

Step 1: Visit the BSE or NSE website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Look for the IPO Allotment Status section

Step 3: Select "Concord Enviro Systems Limited" from the dropdown menu

Step 4: Enter your application number and PAN ID

Step 5: Click on 'I am not a robot' and then click "Search"

How to Check IPO Allotment Status in a Bank Account?

• Log into your Internet Banking: Go to your bank's website or mobile app and log in.
• Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.
• Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.
• Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.
• Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

• Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).
• Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.
• Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.
• Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.
• Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Concord Enviro IPO Timeline:

Concord Enviro IPO Subscription Status 

Concord Enviro IPO received 10.67 times subscription with 6,04,657 applications. By December 23, 2024 at 6:19:14 PM (Day 3), the detailed subscription status revealed:

Subscription Day 3 (Final)

• Total Subscription: 10.67 times
• QIB: 17.32 times
• NII: 14.20 times
• Retail investors: 5.56 times 

Subscription Day 2 (December 20, 2024)

• Total Subscription: 1.25 times
• QIB: 0.01 times
• NII: 1.01 times (bNII: 0.52 times, sNII: 2.00 times)
• Retail investors: 2.02 times

Subscription Day 1 (December 19, 2024)

• Total Subscription: 0.60 times
• QIB: 0.00 times
• NII: 0.35 times (bNII: 0.16 times, sNII: 0.74 times)
• Retail investors: 1.04 times

Concord Enviro IPO Details 

Concord Enviro's initial public offering (IPO) is a book built issue of ₹500.33 crores. This offering consists of a fresh issue of 0.25 crore shares aggregating to ₹175.00 crores and an offer for sale of 0.46 crore shares aggregating to ₹325.33 crores.

The bidding process commenced on December 19, 2024 and concluded on December 23, 2024. The allotment results are anticipated to be finalised on December 24, 2024. Furthermore, the shares of Concord Enviro are set to be listed on BSE and NSE, with a provisional listing date scheduled for December 27, 2024.

The price band is set at ₹665-701 per share. Investors must apply for a minimum lot size of 21 shares, which requires a minimum investment of ₹14,721 for retail investors. For small NII (sNII), the minimum investment is 14 lots (294 shares), totalling ₹2,06,094, while for big NII (bNII), it is 68 lots (1,428 shares), totalling ₹10,01,028.

Motilal Oswal Investment Advisors Limited and Equirus Capital Private Limited serve as the book running lead managers for the IPO, while Link Intime India Private Ltd is designated as the registrar for this offering.