Concord Enviro Systems IPO could list at a premium of 15-20% as per trends from the grey market. Analysts, however, recommended avoiding buying shares or booking profit in case of allotment.

Concord Enviro Systems Ltd. was listed at Rs 826.00 apiece, which is a premium of 17.83% on National Stock Exchanges on Friday.

Concord Enviro IPO listing underperformed the grey market expectations. Ahead of the listing, Concord Enviro IPO shares were trading at Rs 839 apiece, reflecting a GMP of Rs 138, or 19.7%

Concord Enviro IPO listing will take place today. The IPO listing time is 10 AM. Concord Enviro IPO latest GMP is Rs 100. This translates into the grey market premium of 15 above the IPO issue price.

Concord Enviro Systems IPO oversubscribed 10.67 times, attracting marquee investors, with proceeds to fund expansion and working capital.

Funds from the fresh issue will support a greenfield project in the UAE, a brownfield expansion in Vasai, debt repayment, and working capital requirements.

The three-day issue of Concord Enviro Systems received bids for close to ₹4,000 crore, in comparison to the company's initial plan to raise up to ₹500 crore.

Concord Enviro Systems sold its shares in the price band of Rs 665-701 apiece, which could be applied for a minimum of 21 shares and its multiples thereafter to raise a total of Rs 500.33 crore.

The IPO was offered in a price band of Rs 665 to Rs 701 per share. Concord Enviro IPO Allotment: The GMP is subject to sentiments in the market and may change. Concord Enviro IPO Allotment, GMP Today: The initial public offering (IPO) of environmental engineering solutions firm Concord Enviro Systems Ltd concluded on Monday with strong demand.