Water Treatment/Evaporators - Listed on 27 December 2024
Concord Enviro Systems (Water Treatment/Evaporators) closed its IPO window in 2024 and listed on NSE and BSE on 27 December 2024 at an upper band issue price of Rs 701, opening at Rs 827.11 for a listing gain of +18.0% and closing day one at Rs 764.65 (+9.1% on closing basis). The IPO was subscribed 10.67x overall - QIB 17.32x, HNI/NII 14.20x, Retail 5.55x. The total issue size was Rs 500.33 Cr (Fresh Issue Rs 175 Cr, OFS Rs 325.33 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Water Treatment/Evaporators
Concord Enviro Systems operates in the Water Treatment/Evaporators space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Concord Enviro Systems issue was offered at an upper price of Rs 701 and raised approximately Rs 500.33 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 30 | +9.99% |
| Day 2 | Rs 35 | +5.99% |
| Day 3 | Rs 33 | +5.42% |
| Day 4 | Rs 38 | +3.85% |
| Day 5 | Rs 27 | +5.42% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Concord Enviro Systems IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Concord Enviro Systems IPO listed at +18.0% versus the upper issue price of Rs 701 on 27 December 2024.
Concord Enviro Systems IPO was subscribed 10.67x overall. QIB portion was subscribed 17.32x, HNI / NII 14.20x and Retail 5.55x.
IPO GMP started at Rs 30 on Day 1 and moved to Rs 27 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.