Concord Biotech IPO Allotment, Status & Latest Updates

📰 Join for the Latest Finance Updates →

Concord Biotech IPO Allotment

Concord Biotech, a Biotechnology firm backed by late investor Rakesh Jhunjhunwala’s RARE Trusts, had their IPO share allotment on August 11, 2023.

The price band for the share was Rs 705- Rs 741 per share. Concord IPO listing has been fixed on August 18, 2023, on NSE and BSE.

 Concord Biotech Subscription status

  • The Concord Biotech IPO was oversubscribed 24.82 times and was sold between August 4 – August 8.
  • Qualified institutional buyers aggressively bid, buying 67.67 times the allotted quota. 
  • The portion set aside for high-net-worth individuals was subscribed 16.99 times, retail 3.78 times and employees 24.48 times.

Concord Biotech IPO Allotment date

Concord Biotech IPO allotment date was August 11, 2023. Investors can determine if and how many shares they have been given through allotment.

The initiation of the refund process will start on Monday, August 14, for individuals who have yet to be given shares. Those allotted will receive their shares in their demat accounts on Thursday, August 17.

Concord Biotech IPO GMP

Concord Biotech IPO GMP was commanding a premium of Rs 140-145 in the grey market, around Rs 155-160 a day ago.

The current grey market signal suggests a listing of 18-20 per cent for the investors receiving the allotment.

Check Concord Biotech IPO Allotment Status Online

If you have applied for the Concord Biotech IPO. In that case, you can check your Concord Biotech IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

You can check the Concord Biotech IPO allotment status of your Application on this link.

Step 1

Visit the above link that will take you to Concord Biotech IPO registers website, i.e. Link Ink time India Private Limited.

Step 2

In the drop box, check the IPO with the name set in if the allocation is complete.

Step 3

You may choose any one of the options, Application No, Demat account and PAN.

Step 4

Choose between ASBA and non-ASBA under application type.

Frequently Asked Questions about Concord Biotech IPO Allotment

Wrap Up on Concord Biotech IPO Allotment

In conclusion, Concord Biotech’s highly anticipated IPO has garnered significant attention from investors, marked by an impressive oversubscription of 24.82 times within the subscription period of August 4 to August 8, 2023.

Backed by the esteemed late investor Rakesh Jhunjhunwala’s RARE Trusts, the company’s IPO journey reflects remarkable demand across investor categories.

As the refund process initiates on August 14 for those awaiting share allotment, the industry watches with anticipation to witness Concord Biotech’s next chapter as a publicly traded entity.

Don't forget to check out: Sangani Hospitals IPO Allotment Date and Time

📰 Join for the Latest Finance Updates →

2 thoughts on “Concord Biotech IPO Allotment, Status & Latest Updates”

    • Hello Sridhar,
      Concord IPO allotment has already done by the company on 11th August. If you were allotted shares, they will be transferred to your demat account on 17th August, else you will get your refund on 14th August.

      Reply

Leave a Comment

Titan Bought 27% Stake in CaratLane: Here’s the Deal Detail Shoora Designs IPO Dates, Price Band & Other Details Concord Biotech IPO Allotment Status and Latest Updates IPO Allotment Status and Latest Updates SBFC Finance IPO Allotment Date & Latest Updates RBI MPC Meeting Highlights & Updates Meet Tesla New CFO Vaibhav Taneja