Concord Enviro Systems Ltd. News and Updates

Name: Latest research reports of Concord Enviro Systems Ltd. authored by Hem Securities and published by - Trendlyne research reports.
Item: Concord Enviro Systems Ltd.
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Author: Hem Securities

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Concord Enviro Systems Ltd.

23 Dec 2024

513.85

-1.64%

Concord Enviro IPO subscribed 10.67 times on final day of bidding

Business Standard

The Initial Public Offering (IPO) of Concord Enviro Systems Ltd received 10.67 times subscription on the final day of bidding on Monday. The Rs 500-crore IPO received bids for 5,35,33,347 shares, as against 50,15,356 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) part received 17.32 times subscription, while the quota for non-institutional investors got subscribed 14.20 times. The category for Retail Individual Investors (RIIs) fetched 5.56 times subscription. Concord Enviro Systems had raised Rs 150 crore from anchor investors. The IPO has a price range of Rs 665-701 per share. The IPO comprises a fresh issuance of equity shares worth Rs 175 crore and an Offer-for-Sale (OFS) of 46.41 lakh equity shares valued at Rs 325.33 crore, at the upper-end of the price band, by promoters and an investor. This aggregates the issue size to Rs 500.33 crore. The proceeds from the fresh issue will be invested in Concord Enviro FZE (CEF) for setting up a new assembl

Concord Enviro Systems Ltd. is trading below all available SMAs

Concord Enviro Systems Ltd.

20 Dec 2024

513.85

-1.64%

Concord Enviro IPO receives 59% subscription on first day of offer

Business Standard

The initial share sale of Concord Enviro Systems Ltd, an environmental engineering solutions firm, received 59 per cent subscription on the first day of bidding on Thursday. The initial public offering (IPO) got bids for 29,79,585 shares against 50,15,356 shares on offer, as per data available with the NSE. The retail individual investors (RIIs) portion received 1.02 times subscription while non-institutional investors part got subscribed 35 per cent. Concord Enviro Systems has raised Rs 150 crore from anchor investors. The Rs 500-crore IPO will close on December 23. The shares are available in a price range of Rs 665-701 per share. The IPO comprises a fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 46.41 lakh equity shares valued at Rs 325.33 crore, at the upper-end of the price band, by promoters and an investor. This aggregates the issue size to Rs 500.33 crore. Those selling shares in the OFS are, promoters Prayas Goel and Prerak Goel, promo

Concord Enviro Systems Ltd. is trading below all available SMAs

Concord Enviro IPO opens today; Check GMP, price band: Should you bid?

Business Standard | 19 Dec 2024

Concord Enviro Systems Ltd.

18 Dec 2024

513.85

-1.64%

CONCORD ENVIRO SYSTEMS LIMITED

40.25% Fall from 52W High

Concord Enviro Systems Ltd. News and Updates

Keep track of all breaking news on Concord Enviro Systems Ltd. from all sources in a single place.