Business Standard

Concord Biotech Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,550.52 cr

Price Range (₹)

741

Lot Size

20

Min Investment (₹)

14,820.00

Listing Exchange

MumbaiNSE

Open Date

04-Aug-2023

Close Date

08-Aug-2023

Listing Date

18-Aug-2023

Concord Biotech Ltd News

    The Shares of Concord Biotech Ltd have now been listed.

    Concord Biotech Ltd IPO Details

    Initial public offer of 20,925,652* equity shares of face value of Re. 1 each (Equity Shares) of Concord Biotech Limited (Company) for cash at a price of Rs. 741 per equity share (including a premium of Rs. 740 per equity share) (Offer Price) aggregating to Rs. 1550.52*^ crores (the Offer) through an offer for sale of 20,925,652* equity shares aggregating to Rs. 1550.52*^ crores by Helix Investment Holdings Pte. Limited (the Selling Shareholder) and such equity shares offered by the selling shareholder, the (Offered Shares).The offer includes a reservation of 10,000* equity shares, aggregating to Rs. 0.67^ crores (constituting 0.01% of the post-offer paid-up equity share capital), for subscription by eligible employees (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as Net Offer. The offer and net offer constitute 20% and 19.99%, of the post-offer paid-up equity share capital of the company, respectively. The face value of equity shares is Re. 1 each. The offer price is Rs. 741 times the face value.*Subject to finalisation of basis of allotment.^A discount of Rs. 70 per equity share was offered to eligible employees bidding in the employee reservation portion.

    Objective of issue

    Listing the Equity Shares on the Stock Exchanges.

    Concord Biotech Ltd Contact Details

    Concord Biotech Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - complianceofficer@concordbiotech.com

    Website - www.concordbiotech.com