Concord Biotech — an Ahmedabad-based research and development-driven biopharmaceuticals company — made a strong entry in the listed space on Friday, August 18. Concord Biotech shares began their journey in the secondary market at Rs 900.1 apiece on BSE and NSE each, a premium of Rs 159.1 or 21.5 per cent over the upper end of the price range of its IPO. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The listing of Concord Biotech shares, traded with the symbol CONCORDBIO, was better than Zee Business Managing Editor Anil Singhvi's expectations. The stock finished the listing day at Rs 941.9 and Rs 943.5 on BSE and NSE respectively — a premium of around 27 per cent.

The Concord Biotech IPO concluded last week with an overall subscription of almost 25 times the equity on offer.

stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.