Concord Biotech IPO GMP, Price, Date, Allotment

Concord Biotech IPO GMP

Concord Biotech IPO Description – Concord Biotech is an India-based biopharma company and one of the leading global developers and manufacturers of select fermentation-based APIs across immunosuppressants and oncology, supplying 200 customers in over 70 countries including regulated markets, such as the United States, Europe, and Japan, and India.

As of 31 March 2022, Concord Biotech had six fermentation-based immunosuppressant APIs, including tacrolimus, mycophenolate mofetil, mycophenolate sodium, cyclosporine, sirolimus, and pimecrolimus. It had a total annual installed fermentation capacity for APIs of 1,250 m3 cubic meters. It has established two DSIR (Department of Science & Industrial Research)-approved R&D units with 163 members.

The company operates three manufacturing facilities in Gujarat, India, comprising API manufacturing facilities in Dholka and Limbasi and a formulation manufacturing facility in Valthera.

Concord Biotech 2023

Promoters of Concord Biotech – Sudhir Vaid and Ankur Vaid

Concord Biotech IPO Details

Concord Biotech IPO Dates4 – 8 August 2023
Concord Biotech IPO PriceINR 705 – 741 per share
Employee Discount – INR 70 per share
Fresh issueNA
Offer For Sale20,925,652 shares (INR 1,475.26 – 1,550.52 crore)
Total IPO size20,925,652 shares (INR 1,475.26 – 1,550.52 crore)
Minimum bid (lot size)20 shares (INR 14,820)
Face Value INR 1 per share
Retail Allocation35%
Listing OnBSE, NSE

Concord Biotech Financial Performance

 FY 2021FY 2022FY 2023
Net income234.89174.93240.08
Margin (%)38.0724.5428.14
Figures in INR crores unless specified otherwise

Concord Biotech Offer News

Concord Biotech Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio30.72 – 32.29
RONW (%)26.5516.6420.06
ROCE (%)28.5420.5524.27
EBITDA (%)53.0237.8240.47
*Compiled by IPO Central from Prospectus

Concord Biotech IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
17 August 20231106501,800
16 August 20231106501,800
14 August 20231507002,000
12 August 20231507002,000
11 August 20231557002,000
10 August 20231507002,000
9 August 20231406502,000
8 August 20231607002,500
7 August 20231806802,800
5 August 20231806502,800
4 August 20231706002,700
3 August 20231705502,500
2 August 20232206003,000
1 August 20232507004,000
31 July 2023300

Concord Biotech IPO Subscription – Live Updates

Shares Offered41,83,13031,37,34873,20,47910,0001,46,50,957
8 Aug 202367.6716.993.7824.4724.86
7 Aug 20231.615.222.2615.682.72
4 Aug 20230.011.010.725.730.58

Concord Biotech IPO Allotment Status

Concord Biotech IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.

Meanwhile, bank debits and lien removal have started. Check effective bank balance to get allotment status.

Concord Biotech IPO Dates & Listing Performance

Concord Biotech IPO Opening Date4 August 2023
Concord Biotech IPO Closing Date8 August 2023
Finalization of Basis of Allotment11 August 2023
Initiation of refunds14 August 2023
Transfer of shares to demat accounts17 August 2023
Concord Biotech IPO Listing Date18 August 2023
Opening Price on NSEINR 900.05 per share (up 21.46%)
Closing Price on NSEINR 942.80 per share (up 27.23%)

Concord Biotech IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Not Rated
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Subscribe for long term
Choice Broking – Subscribe
Dalal & Broacha –
Elite Wealth – Subscribe
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
Jainam Broking
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Systematix PCG Research – Not Rated
Samco Securities – Subscribe for Long term
SMC Global – 2/5
Swastika Investmart –
Ventura Securities –

Concord Biotech Offer Lead Manager

27BKC, 1st Floor, Plot no. C-27,
‘G’ Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 4336 0000
Email: [email protected]

Concord Biotech Offer Registrar

C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra
Phone: +91 22 49186200
E-mail: [email protected]

Concord Biotech Contact Details

16th floor, B-Wing, Mondeal Heights,
Iscon Cross Road, S.G. Highway, Ahmedabad – 380015
Phone: 079-6813 8700
Email: [email protected]

Concord Biotech IPO FAQs

How many shares in Concord Biotech IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Concord Biotech Public Offer?

The best way to apply in Concord Biotech public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Concord Biotech IPO GMP today?

Concord Biotech IPO GMP today is INR 150 per share.

What is Concord Biotech kostak rate today?

Concord Biotech kostak rate today is INR 650 per application.

What is Concord Biotech Subject to Sauda rate today?

Concord Biotech Subject to Sauda rate today is INR1,800 per application.


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