Upcoming IPO - Concord Biotech Limited

Established in 1984, Concord Biotech Limited is a research and development-driven biopharmaceutical company based in India. It has gained a prominent position in the global market as one of the leading developers and manufacturers of fermentation-based Active Pharmaceutical Ingredients (APIs) in the fields of immunosuppressants and oncology, based on volume market share in 2022. Concord Biotech has a strong international presence, supplying its products to more than 70 countries, including major markets like the USA, India, Europe, and Japan. The company’s core expertise lies in the manufacturing of Active Pharmaceutical Ingredients (API) using fermentation and semi-synthetic processes, as well as finished formulations. Initially starting with a single product, Concord has steadily expanded to become a comprehensive solution provider in the pharmaceutical industry. Their product portfolio covers a diverse range of therapeutic segments, including Immunosuppressants, Anti-bacterial, Oncology, Antifungals, and others. This extensive array of products has attracted customers from various parts of the world. Additionally, Concord Biotech has a robust pipeline of products currently under development, reflecting its commitment to continuous innovation and growth.

For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.

Important information regarding the IPO
Open Date Friday, 4 August 2023
Close Date Tuesday, 8 August 2023
Issue Size ₹1,551.00 crores
Price ₹705 to ₹741 per share
Lot Size 20 Shares
Basis of Allotment Friday, 11 August 2023
Initiation of Refunds Monday, 14 August 2023
Credit of Shares to Demat Thursday, 17 August 2023
Listing Date Friday, 18 August 2023

How to apply for this IPO?

You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab. Once there, you can select the desired IPO and click on “Apply Now.” Follow the on-screen instructions, and with just 5 clicks, you can place your bids. To check the status of your application, head to the “My Bids” section.

Do let us know your thoughts on this IPO.

1 Like