Concord Biotech Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

04 Aug 2023

Close Date

08 Aug 2023

Allotment

11 Aug 2023

Listing Date

18 Aug 2023

Exchange

NSE & BSE

Price Band

₹741

Listing Price

See chart

Allotment Status

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Price Band

₹741

Per share

Face Value

₹1 per share

Lot Size

20 Shares

per lot

Issue Size

2,09,25,652 shares (aggregating up to ₹1,550.52 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,820

1 lot

Post-IPO Holding

10,46,16,204 shares

Promoters

P/E (Pre)

32.29x

EPS (Pre)

₹20.79

UPI Deadline

2023-08-08

Mandate

Anchor AllotmentThu, 03 Aug 2023

Basis of AllotmentFri, 11 Aug 2023

Refund InitiationMon, 14 Aug 2023

Demat CreditThu, 17 Aug 2023

Listing DayFri, 18 Aug 2023

UPI Mandate Deadline2023-08-08

Sale TypeOffer For Sale

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Concord Biotech Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 08 Aug 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	20,925,652	100%	₹1,550.59

IPO Shares Offered

Concord Biotech Ltd. IPO total issue size: ₹1,550.59 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	20,925,652	₹1,550.59	100.00%

* Based on upper price band ₹741 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹741.00

Upper Band

Min Investment

₹14,820

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	40	₹29,640
Retail (Max — 13 Lots)	13	260	₹192,660
S-HNI (Min — 14 Lots)	14	280	₹207,480
B-HNI (Min — 68 Lots)	68	1,360	₹1,007,760

* Issue Price ₹741 × Lot Size 20 shares

IPO Schedule

Anchor

03 Aug 2023

✓ Done

IPO Open

04 Aug 2023

✓ Done

IPO Close

08 Aug 2023

✓ Done

Allotment

11 Aug 2023

✓ Done

Refunds

14 Aug 2023

✓ Done

Demat Credit

17 Aug 2023

✓ Done

Listing Day

18 Aug 2023

✓ Done

₹741.00

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Issue ₹741.00 Live Price

About Concord Biotech Ltd.

Incorporated in 1984, Concord Biotech Limited is an India-based R&D-driven biopharma company. The company is ranked among the leading global developers and manufacturers of select fermentation-based APIs across immunosuppressants and oncology in terms of market share, based on volume in 2022.Concord Biotech has a Global presence. They are supplying their products to over 70 countries including the USA, India, Europe, and Japan.The company manufactures Active Pharmaceutical Ingredients (API) through fermentation & semi-synthetic process and finished formulations. It started with a single product and has grown to become a wide-spectrum solution provider.Concord manufactures fermentation and semi-synthetic-based products in therapeutic segments such as Immunosuppressants, Anti-bacterial, Oncology, Antifungals & others. This wide range of products has attracted customers across the globe. Concord also has a robust pipeline of products under development.

Concord Biotech Ltd. Financials (Amount in Crore)

Revenue from Operations

₹888.5

31 Mar 2023

₹736.4

31 Mar 2022

₹630.8

31 Mar 2021

Profit After Tax (PAT)

₹240.1

31 Mar 2023

₹174.9

31 Mar 2022

₹234.9

31 Mar 2021

Particulars	31 Mar 2021	31 Mar 2022	31 Mar 2023
Revenue from Operations	630.75	736.35	888.48
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	234.89	174.93	240.08
Net Worth	999.37	1103.22	1290.00
Total Assets	1182.55	1312.80	1513.98
Reserves & Surplus	N/A	N/A	N/A
Borrowings	86.35	60.59	31.24
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

20.06

RoCE

24.27

RoNW

Issue Structure & Shareholding

Total Shares Offered2,09,25,652 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding10,46,16,204 shares

P/BV RatioN/A

RoE20.06

RoCE24.27

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

concordbiotech.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Kotak Mahindra Capital Co.Ltd.

Citigroup Global Markets India Pvt.Ltd.

Jefferies India Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Concord Biotech Ltd. IPO subscribed? ▲

Concord Biotech Ltd. IPO is subscribed 1.00 times by Aug 08, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Concord Biotech Ltd. IPO retail subscription status? ▼

The Concord Biotech Ltd. IPO retail category is subscribed 1.00 times as of 08 Aug 2023. The retail portion is oversubscribed.

How to subscribe Concord Biotech Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 04 Aug 2023 and closes 08 Aug 2023. Min investment: ₹14,820 (1 lot = 20 shares). UPI mandate: 2023-08-08.

How many times Concord Biotech Ltd. IPO subscribed? ▼

The Concord Biotech Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Concord Biotech Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 11 Aug 2023. Refunds: on 14 Aug 2023.

When Concord Biotech Ltd. IPO will be listed? ▼

The Concord Biotech Ltd. IPO listing date is 18 Aug 2023, Friday. Listed on: NSE & BSE. Issue price: ₹741. Estimated listing: ₹741. GMP: NIL.

When Concord Biotech Ltd. IPO close? ▼

The Concord Biotech Ltd. IPO closes on 08 Aug 2023, Tuesday. UPI mandate: 2023-08-08. Allotment: 11 Aug 2023. Listing: 18 Aug 2023.

Quick Actions

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Live Price LIVE

Last Price₹741.00

Change—

Issue Price₹741.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹741

Face Value₹1

Lot Size20 Sh

Min. Amount₹14,820

GMPNIL

Est. Listing₹741

Subscribed1.00x

Open Date04 Aug 2023

Close Date08 Aug 2023

Allotment11 Aug 2023

Listing Date18 Aug 2023

ExchangeNSE & BSE

UPI Deadline2023-08-08