Concord Biotech IPO Allotment Status and Latest Updates

Image Courtesy: Unsplash by Financegossips

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

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The IPO share price band was set at Rs 705- Rs 741 per share, with a listing date fixed for August 18, 2023, on NSE and BSE.

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The IPO was oversubscribed 24.82 times during its subscription period from August 4 to August 8.

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QIBs bid aggressively, oversubscribing their quota by 67.67 times. High-net-worth individuals oversubscribed by 16.99 times, retail investors by 3.78 times, and employees by 24.48 times.

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In the grey market, Concord Biotech IPO's GMP (Grey Market Premium) was Rs 140-145, indicating a potential listing premium of around 18-20%.

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The unlisted stock market reflects bullish sentiment towards this initial offer.

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Concord Biotech IPO allotment date was confirmed for August 11, 2023, and applicants can conveniently check their allotment status online.

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To check allotment status, applicants can log in to the website of the IPO registrar, Link Intime India Private Ltd

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To check IPO allotment status: – Visit Link Intime India Private Ltd's website. – Select Concord Biotech IPO.

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– Choose Application No, Demat account, or PAN. – Specify ASBA or non-ASBA application. – Get your allotment details.

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Why Warren Buffett Hate IPOs? Here are his 3 reasons; check out

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