Concord Enviro Systems IPO
Water Treatment/Evaporators - Listed on 27 December 2024
Concord Enviro Systems IPO listing summary
Concord Enviro Systems (Water Treatment/Evaporators) closed its IPO window in 2024 and listed on NSE and BSE on 27 December 2024 at an upper band issue price of Rs 701, opening at Rs 827.11 for a listing gain of +18.0% and closing day one at Rs 764.65 (+9.1% on closing basis). The IPO was subscribed 10.67x overall - QIB 17.32x, HNI/NII 14.20x, Retail 5.55x. The total issue size was Rs 500.33 Cr (Fresh Issue Rs 175 Cr, OFS Rs 325.33 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Concord Enviro Systems IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 30 | +9.99% |
| Day 2 | Rs 35 | +5.99% |
| Day 3 | Rs 33 | +5.42% |
| Day 4 | Rs 38 | +3.85% |
| Day 5 | Rs 27 | +5.42% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Concord Enviro Systems IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Concord Enviro Systems IPO - FAQs
What was the listing gain of Concord Enviro Systems IPO?
Concord Enviro Systems IPO listed at +18.0% versus the upper issue price of Rs 701 on 27 December 2024.
How many times was Concord Enviro Systems IPO subscribed?
Concord Enviro Systems IPO was subscribed 10.67x overall. QIB portion was subscribed 17.32x, HNI / NII 14.20x and Retail 5.55x.
What was the IPO GMP for Concord Enviro Systems?
IPO GMP started at Rs 30 on Day 1 and moved to Rs 27 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.