Concord Biotech's IPO will be listed in the Share Market today, know how much investors will benefit

Today everyone's focus in the stock market will be on the IPO of Concorde Biotech Limited. Today the IPO of Concord Biotech Limited will be listed in the stock market. According to BSE's notice, Concorde Biotech's IPO will be listed on 'B' group of equity shares on the exchange on Friday, August 18, 2023. The listing of the company's IPO will take place today at 10 am in a special pre-open session.

According to stock market experts, the company's shares may start on a lighter note. The reason for this is that the secondary market has been under pressure for about a week. Along with this, it also depends on how the stock market starts today. If the company's stock has a strong opening, then the company's shares will be listed at Rs.880 to Rs.900 per share. On the other hand, if there is a softness in the stock market, then the company's shares can be listed between Rs 850 to Rs 860 per share.

Today the stock of the company may have to face some challenges. The company's IPO was completely an offer for sale. The company's IPO was subscribed only 3.78 times. The company's IPO has received an overwhelming response from QIBs.

If today the market opens on the green mark, then the shares of the company will be listed between Rs.880 to Rs.900. On the other hand, if the market opens in the negative range, then the company's shares can be listed at Rs 850 to Rs 860 per share.

Today the IPOs of two companies are also going to open in the stock market. Pyramid Technoplast IPO and Crop Life Science IPO will open for subscription today. The price band of Pyramid Technoplast IPO will open in the range of Rs 151 to Rs 166. Whereas, the price band of Crop Life Science's IPO is Rs 52 per share.