Concord Enviro Share Price Sees Positive Opening on Listing Day with 2.62% Gain

Concord Enviro IPO opened for subscription on December 19, 2024, and closed on December 23, 2024.

It was a book-built issue of ₹500.33 crore. The issue is a combination of a fresh issue of 0.25 crore shares aggregating to ₹175.00 crore and an offer for sale of 0.46 crore shares aggregating to ₹325.33 crore. Concord Enviro IPO price band was set at ₹665 to ₹701 per share.

On Day 3 of the subscription, December 23, as of 6:19 PM, Concord Enviro IPO was subscribed 10.67 times. QIBs subscribed 17.32x, NIIs subscribed 14.2x, and retail investors subscribed 5.56x.

The share allotment was finalised on December 24, 2024, and the shares were listed on BSE and NSE on December 27, 2024.

Concord Enviro Share Price

On the listing day, on the NSE, Concord Enviro share price opened at ₹826.00, up from its issue price of ₹701.00. At 10:32 AM, the share price was trading at ₹847.65, up by 2.62% from its opening price of ₹826.00. As of the same time, the stock touched its day’s high at ₹848.50. The company’s market cap was ₹1,754.32 crore.

On the BSE, at 10:32 AM, Concord Enviro share price was trading at ₹849.80, up by 2.14% from its opening price of ₹832.00 and 21.23% up from its issue price of ₹701.00.

About Concord Enviro Systems Limited

Concord Enviro Systems is a global provider of water and wastewater treatment and reuse solutions, including zero-liquid discharge (ZLD) technology. It possesses in-house capabilities to develop solutions across the entire value chain, which includes designing, manufacturing, installation, commissioning, operation and maintenance (O&M), and digitalisation solutions such as the Internet of Things (IoT). The company’s revenue is generated from three key sources: (i) sale of systems and plants, (ii) operations and maintenance of installed plants, and (iii) supplying consumables and spares for installed plants.

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