Concord Biotech IPO Allotment: Latest News, Grey Market Premium (GMP), and How to Check Allotment Status

Concord Biotech IPO Allotment: The allotment of Concord Biotech’s initial public offering (IPO) shares will be finalised today (Friday, August 11). Investors who applied for the issue can view the allotment status of the Concord Biotech IPO on the website of the registrar, Link Intime India Private Ltd.

Through the premise of allotment, investors can determine if and how many shares they have received. On Monday, August 14, the refund procedure will begin for individuals who were not given shares. On Thursday, August 17, allottees will receive their shares in their demat accounts.

The IPO listing date for Concord Biotech has been set for Friday, August 18 on the NSE and BSE. Here’s how to verify the allotment status of Concord Biotech’s initial public offering if you applied for shares.

If you have submitted an application for the Concord Biotech IPO, you can promptly check your allotment status on the website of the IPO registrar, Link Intime India Private Ltd. You can verify the status of your application for the Concord Biotech IPO via this link – https://linkintime.co.in/MIPO/Ipoallotment.html

• This link will lead you to the website of the registrar for the Concord Biotech IPO, namely Link Intime India Private Ltd.
• Choose the IPO from the dropdown menu whose name will only be set if the allocation is complete.
• To verify the status, select one of the following options: Application No., Demat Account, or PAN.
• Select ASBA or non-ASBA as the application type.
• Include the mode’s information in the second step.
• After filling out the captcha, click submit.

Concord Biotech IPO Allotment: How to verify the allotment status of the Concord Biotech IPO on BSE

• Visit the BSE’s allotment page at https://www.bseindia.com/investors/appli_check.aspx.
• Choose ‘Equity’ under ‘Issue Type’.
• Select the IPO from the ‘Issue Name’ drop-down menu.
• Enter your Social Security number or application number.
• select ‘I am not a robot’ to verify your identity, and then select ‘Submit’.

How to verify the allotment status of Concord Biotech’s IPO on the NSE

• Visit the official website for NSE at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
• By selecting the ‘Click here to sign up’ option on the NSE website, one must register with PAN.
• Username, password, and a captcha code are required.
• Check the status of the IPO allocation on the new page that will load.

Concord Biotech IPO Allotment: Today Concord Biotech IPO GMP

Today’s GMP or grey market premium for the IPO of Concord Biotech is +145, the same as Thursday’s session. According to topsharebrokers.com, this indicates Concord Biotech IPO shares were trading at a premium of 145 on the grey market on Friday.

Taking into account the upper end of the Concord Biotech IPO price range and the current premium on the grey market, the estimated listing price of Concord Biotech IPO shares is 886, which is 19.57% higher than the IPO price of 741.

Wednesday’s IPO GMP for Concord Biotech was 159. According to analysts from topsharebrokers.com, the current GMP (145) indicates a downward trend. With this trend, the price may fall further on listing day.The minimum GMP recorded is 130, while the maximum is 330.

The term ‘grey market premium’ denotes the willingness of investors to pay more than the issue price.