iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Last day to subscribe Concord Biotech IPO; check live subscription details here

8 Aug 2023 , 12:13 PM

The late ace investor Rakesh Jhunjhunwala’s RARE Trusts-backed biotechnology firm, Concord Biotech Limited’s IPO is closing today and the issue has been subscribed 4.96 times so far on day 3 by 12.09 PM. Click here to subscribe the IPO.

Check the live subscription details of Concord Biotech on day 3:

Category No. of shares offered / reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)  41,83,130  2,82,21,420  6.75
Non Institutional Investors(NIIS)  31,37,348  2,41,77,380 7.71
Retail Individual Investors (RIIs)  73,20,479  2,00,84,680 2.74
Employees  10,000  1,92,620  19.26
Total 1,46,50,957 7,26,76,100 4.96

(Source: BSE)

On the second day, there was an overwhelming response to the issue from both high net worth individuals (HNIs) and retail investors, with subscription rates of 5.22 times and 2.26 times, respectively. Employees demonstrated strong interest, bidding 15.68 times the allotted quota, while the qualified institutional buyers’ reserved portion was booked 1.61 times.

Concord Biotech, based in Ahmedabad, successfully raised a significant amount of Rs 465 crore through the anchor book at the upper price band on August 3. The anchor book saw participation from prominent global investors, including Abu Dhabi Investment Authority, Amundi Funds, HSBC Mutual Fund, WF Asian Reconnaissance Fund, SBI Life Insurance, Motilal Oswal Mutual Fund, Aditya Birla Sun Life, Government of Singapore, and Pinebridge Global Funds, as part of the total fundraising.

 

Related Tags

  • Concord Biotech ipo
  • Concord Biotech IPO apply
  • Concord Biotech IPO live subscription
  • Concord Biotech IPO Subscribe
  • Concord Biotech IPO subscription details
  • last date to apply in Concord Biotech IPO
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.