Concord Biotech IPO
All You Need To Know
Concord Biotech IPO
Important Dates
◦ Opening Date - August 04, 2023 ◦ Closing Date - August 08, 2023 ◦ Basis of Allotment - August 11, 2023 ◦ Initiation of Refunds - August 14, 2023 ◦ Credit of Shares to Demat - August 17, 2023 ◦ Listing Date - August 18, 2023
Concord Biotech IPO
About the Company
Started its operations in 2016, Concord Biotech is a leading Indian pharma company that manufactures selected fermentation-based APIs. In terms of volume, the company had a market share of more than 20% in 2022. As of March 31, 2023, Concord had a total installed fermentation capacity of 1,250 cubic meters. As of June 30, 2023, they have 57 brands and 77 products manufactured by them, which includes 52 formulations and 23 APIs.
Concord Biotech IPO
Company Financials
As of March 31, 2023, ◦ Net worth = ₹12,900.01 million ◦ Total income = ₹8,884.77 million ◦ Total borrowings = ₹312.36 million
Main Objectives
Concord Biotech IPO
◦ To achieve the benefits of listing on the stock exchanges ◦ To carry out the offer for sale of up to 20,925,652 shares
Concord Biotech IPO
All You Need To Know
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