Concord Biotech Share Price has Revealed an Increase of 21%; Could This Pharmaceutical Company Reach Four Figure Share Price Levels?
Concord Biotech Share Price
Concord Biotech opened at Rs 900 per share on both NSE and BSE exchanges, giving allottees over 21 per cent in listing premium.
Concord Biotech Listing Date
The Company began its Initial Public Offering (IPO) on August 4 and closed it out by closing the Concord Biotech Listing Date on August 8.
Concord Biotech IPO GMP
Concord Biotech IPO GMP Was Expected to be Rs 122, so the price of shares in Concord Biotech would be around Rs 863; however, the Share Price of Concord Biotech was a higher price of 21 percent.
Concord Biotech Listing Price Exceeded Concord Biotech IPO GMP!
Concord Biotech Product List
Concord Biotech produces fermentation and semisynthetic-based products in therapeutic segments including Immunosuppressants, Antibacterials, Oncological therapies and Antifungals to meet customer demands around the globe.
Their Biotech Product List boasts customers worldwide while they also boast an expansive pipeline of product development projects underway.
Immunosuppressant medications available from them include Tacrolimus, Mycophenolate Mofetil, Mycophenolate Sodium, Cyclosporine and Sirolimus.
Concord Biotech Owner / Chairman
Sudhir Vaid is one of its Promoters as well as being their Chairman/Managing director. In the past, he was a part of Ranbaxy Laboratories Limited, Lupin Chemicals Limited and acted as a consultant to businesses like Plus Chemicals S.A., Lek Pharmaceuticals & Chemicals Co. and Biocon India Limited.
Concord Biotech Turnover
Concord Biotech Limited’s operational revenue vary from more than INR 500 million during the fiscal year which ended on March 31 2022.
Concord Biotech IPO Review by IPO Upcoming Team
In spite of the uncertainty in market sentiment, Concord Biotech opened at around Rs 900 per share on the NSE as well as BSE exchanges. It offered more than 21% premium on listing for allottees.
Concord Biotech share prices could be four figures depending on the way their Initial open market offering (IPO) has been performing in the marketplace.
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