Concord Biotech Limited 

Incorporated in 1984, Concord Biotech Limited is an India-based R&D-driven biopharma company. The company is ranked among the leading global developers and manufacturers of select fermentation-based APIs across immunosuppressants and oncology in terms of market share, based on volume in 2022.
Concord Biotech has a Global presence. They are supplying their products to over 70 countries including the USA, India, Europe, and Japan.
The company manufactures Active Pharmaceutical Ingredients (API) through fermentation & semi-synthetic process and finished formulations. It started with a single product and has grown to become a wide-spectrum solution provider.
Concord manufactures fermentation and semi-synthetic-based products in therapeutic segments such as Immunosuppressants, Anti-bacterial, Oncology, Antifungals & others. This wide range of products has attracted customers across the globe. Concord also has a robust pipeline of products under development.

 

Objects of the Issue:

The objectives of the Offer are to:

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges and
  • Carry out the Offer for Sale of up to 20,925,652 Equity Shares by the Selling Shareholder.

Issue Details


IPO Size
₹1,551.00 Cr

ALLOTMENT DATE
August 14, 2023

Issue Closes
August 08, 2023

BID LOT
Minimum of 20 Equity shares & in multiple of 20 Equity shares thereafter.

ISSUE OPENS
Aug 4, 2023

Issue Price
₹705 to ₹741 per share

IPO Ratio
QIB 50% - Retail 35% - NII 15%

Company Financials

Period Ended 31-Mar-21 31-Mar-22 31-Mar-23
Assets 1,182.55 1,312.80 1,513.98
Revenue 630.75 736.35 888.48
Profit After Tax 234.89 174.93 240.08
Net Worth 999.37 1,103.22 1,290.00
Reserves and Surplus    
Total Borrowing 86.35 60.59 31.24

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