Concord Biotech IPO: The IPO of Biotechnology Pharma Concord Biotech (Concord Biotech IPO) has opened for investors today. The total size of this IPO is Rs 1,551 crore. If you also want to invest in it, then you can invest money from 4 August 2023 to 8 August 2023. Before the opening of the IPO on Friday, the company has collected Rs 464.95 crore through anchor investors on August 3. A total of 41 anchor investors have invested in this. If you are also thinking of investing in this issue, then we are giving you information about the details of the IPO.
Concorde Biotech’s IPO has come entirely through offer for sale. In this case, the amount raised from the IPO will go to the promoters of the company. This Bio Pharma company has fixed the price band of this issue between Rs.705 to Rs.741. You can subscribe to this IPO till 8 August. To invest in this issue, at least you have to buy a lot of 20 shares. In this case, you will have to invest at least Rs 14,820. Retail investors can buy a maximum of 13 lots. In such a situation, he can invest a maximum amount of Rs 2 lakh. At the same time, the company will allot shares to investors on August 11. According to media reports, the listing of the company’s shares will take place on August 18, 2023, on the Bombay Stock Exchange and the National Stock Exchange.
On the other hand, if we talk about the GMP of the company, then it is trending at Rs 150 per share in the unlimited gray market. In such a situation, investors can earn huge profits till the day of listing.
Rakesh Jhunjhunwala’s company has a major stake
Veteran investor Rakesh Jhunjhunwala’s asset management company Rare Enterprises has bought a total stake of 24.09 per cent in this company. It is worth noting that Rekha Jhunjhunwala has invested in this firm since 2004.
(Disclaimer: The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. sharebaz.inis never advised to invest money here.