Markets / IPO / Concord Enviro Systems

Concord Enviro Systems IPO

Updated 17:56

Mainboard IPO on NSE and BSE · Waste Management

Status

Listed

Price band

₹665–701

Lot size

21 shares · ₹14,721

Subscribed

10.67×

How it listed

Issue price

₹701

Listing price (open)

₹826.00 +17.83%

First-day close

₹827.10 +17.99%

Price now

₹228.10 -67.46%

Listing day	27 Dec 2024
Open / high / low / close	₹826.00 / ₹860.00 / ₹801.00 / ₹827.10
Shares traded on NSE	92,33,701
Market value at the listing-day close	₹1,712 cr

Closing prices since listing: 26 Oct ₹224.45, 27 Oct ₹231.10, 28 Oct ₹230.95, 29 Oct ₹233.10, 30 Oct ₹224.65, 2 Nov ₹226.65, 3 Nov ₹236.68, 4 Nov ₹225.10, 5 Nov ₹225.50, 6 Nov ₹228.10.

Concord Enviro Systems share price, live chart and technicals →

Key dates

Bidding opens	19 Dec 2024
Bidding closes	23 Dec 2024
Allotment	24 Dec 2024
Refunds and shares in demat	25 Dec 2024
Listing	27 Dec 2024

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Anchor investors	21,41,195	29.92%	–
Institutions (QIB)	13,79,122	19.27%	–
HNI / NII	10,90,870	15.24%	–
HNI, above ₹10 lakh	7,27,247	10.16%	509
HNI, ₹2–10 lakh	3,63,623	5.08%	1,236
Retail	25,45,364	35.57%	1,21,207

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	21	₹14,721
Retail (maximum)	13	273	₹1,91,373
Small HNI (minimum)	14	294	₹2,06,094
Small HNI (maximum)	67	1,407	₹9,86,307
Big HNI (minimum)	68	1,428	₹10,01,028

At ₹701 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 6

Retail allotments available

1,21,207 × one lot

Retail portion subscribed

5.56×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	13,79,122	2,38,82,166	17.32×
HNI / NII	10,90,870	1,54,88,928	14.20×
HNI, above ₹10 lakh	7,27,247	1,02,48,252	14.09×
HNI, ₹2–10 lakh	3,63,623	52,40,676	14.41×
Retail	25,45,364	1,41,63,492	5.56×
Total	50,15,356	5,35,34,586	10.67×

NSE and BSE bids together, as of 23 Dec 2024 19:00.

Demand at each price

Top price ₹701	410.41 lakh shares	76.6%
Cut-off final price, whatever it is; mostly retail	124.61 lakh shares	23.3%
Lower prices ₹665–700	0.81 lakh shares	0.2%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	18 Dec 2024
Anchor shares	21,41,195
Raised from anchors	₹150.10 cr
Lock-in ends for the first 50% (30 days)	22 Jan 2025
Lock-in ends for the remaining 50% (90 days)	23 Mar 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹1,451 cr	₹472 cr
P/E (last 12 months' profit)	–	–

Revenue, last 12 months	₹550 cr
Profit, last 12 months	₹-16 cr
Return on equity	-2.8%
Debt to equity	0.39

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Waste Management

Company	Listed	Subscribed	On listing	Since IPO
SFC Environmental Technologies	3 Nov	9.47×	+7.61%	+25.20%
Greenleaf Envirotech SME	9 Oct	–	-0.81%	-26.62%

IPO details

Price band	₹665–701
Final issue price	₹701
Lot size	21 shares
Minimum investment	₹14,721 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	₹5 per Equity Share
Industry	Waste Management
Issue size	₹500.33 crore (about 71.37 lakh shares) · Fresh issue + offer for sale: fresh ₹175.00 cr, offer for sale ₹325.33 cr
ISIN	INE037Z01029
Registrar	Link Intime India Private Limited Helpline: +91 22 4918 6000, concordenviro.ipo@linkintime.co.in
Lead managers	Motilal Oswal Investment Advisors Limited and Equirus Capital Private Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 24 Dec 2024. Check it on the registrar's page (Link Intime India Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Concord Enviro Systems IPO price band and lot size?

The price band is ₹665–701 per share, and one lot is 21 shares (₹14,721 at the upper price).

When is the Concord Enviro Systems IPO allotment date?

Allotment was finalised on 24 Dec 2024, the next working day after bidding closed on 23 Dec 2024.

How many times was the Concord Enviro Systems IPO subscribed?

In total 10.67 times, on NSE and BSE together; retail 5.56 times.

What is the Concord Enviro Systems IPO listing date?

It listed on 27 Dec 2024 on NSE and BSE.

What is the chance of getting Concord Enviro Systems IPO shares?

At least 1 in 6 retail applicants got the minimum lot: 1,21,207 retail allotments with the retail portion subscribed 5.56 times. Winners are picked by lottery.

When does the Concord Enviro Systems anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 22 Jan 2025 and the 90-day lock-in on the rest ends on 23 Mar 2025; they can sell from the next trading day.

What was the Concord Enviro Systems listing gain?

It opened at ₹826.00 against an issue price of ₹701, a gain of 17.83%. It is now down 67.46% from the issue price.