Concord Enviro Systems IPO allotment likely today: Check status, GMP, listing date and other details

The share allotment of Concord Enviro Systems IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Firstly, here's how you can know the status on BSE


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

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Concord Enviro Systems IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.

Step 1: Visit the Link Intime India website (https://linkintime.co.in/initial_offer/)

Step 2: Select Concord Enviro Systems IPO

Step 3: Enter the PAN details and click search to know the status

Also Read: Unimech Aerospace IPO. Check GMP, review, other details

Concord Enviro Systems GMP

The company's shares are expected to get listed on the exchanges on December 27. According to market sources, Concord Enviro Systems is trading with a GMP of Rs 50 in the grey market, which translates to a premium of 7% to the issue price.

Concord Enviro Systems IPO subscription

The IPO of Concord Enviro Systems received decent response from investors with an overall subscription of nearly 11 times at close. The Rs 500 crore IPO was a combination of fresh equity sale of Rs 175 crore and an offer for sale (OFS) of 46.4 lakh shares.

The company proposes to use the net proceeds from the IPO towards various investments in its wholly-owned subsidiaries and other general corporate purposes.

The company specializes in offering comprehensive, in-house services across the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization through IoT technologies.

Its operations are categorized into four main segments: manufacturing and selling water and wastewater treatment, reuse, and ZLD systems and turnkey solutions; providing operations and maintenance services; producing and selling consumables and spare parts; and installing compressed biogas plants.
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In FY24, the company's revenue from operations grew 45% YoY to Rs 497 crore, while the profit after tax (PAT) increased multifold to Rs 41 crore.

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