Concord Biotech IPO allotment – how to check allotment, GMP, listing date and more

• Concord Biotech is expected to announce its share allotment status today, August 11.
• The shares of Concord Biotech were subscribed almost 25 times.
• The shares are expected to be listed on the stock exchanges on August 18.

Ahmedabad-based Concord Biotech, a biotech company, is expected to announce the allotment status of its initial public offering (IPO) today, that is August 11.

The Concord Biotech IPO opened on August 4 and closed on August 8. The price band for the IPO was ₹705 to ₹741 per share.
Decent subscription
On the last day, the Concord Biotech IPO was subscribed 24.87 times, receiving bids for 36.42 crore equity shares against 1.46 crore shares on offer.

While the qualified institutional buyer portion was subscribed 67.76 times, the non-institutional investors portion was subscribed 16.99 times. The retail portion also witnessed decent participation and was subscribed 3.78 times. The employee portion was subscribed 24.48 times.
Grey market premium
The shares of Concord Biotech are currently commanding a grey market premium (GMP) of ₹160 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.
Here’s how to check the IPO’s allotment status
You can check the allotment status on the registrar’s website.

• To check the Concord Biotech IPO allotment status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘Concord Biotech’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Now, enter the captcha.
• Click on submit.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Concord Biotech IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘Concord Biotech’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.
Concord Biotech IPO listing date
The shares of Concord Biotech will be listed on the stock exchanges on August 18.

SEE ALSO:

UPI joins the AI bandwagon, offline payments get a push

Children below the age of 18 may soon have to get parental consent to use social media

HP OMEN 17 review: A powerful but heavy gaming laptop with a large display