<ul><li>Concord Enviro Systems' IPO has been subscribed 1.24 times on its second day, led by demand from retail investors</li><li>The grey market premium of Concord is at Rs 50 as of 8:55 a.m</li><li>The book building offer was subscribed 59% on its first day of bidding, with only the retail portion fully subscribed</li><li>The IPO price band is set between Rs 665 and Rs 701 per share with a market value of Rs 1,451 crore</li><li>Concord Enviro Systems is a global provider of water and wastewater treatment and reuse solutions, including zero-liquid-discharge technology</li><li>The IPO is supposed to fund subsidiaries for greenfield and brownfield projects, growing pay-per-use and pay-as-you-treat business along with technology</li><li>Motilal Oswal Investment Advisors Ltd. and Equirus Capital Pvt. are the lead book running managers</li><li>The capacity utilisation has been low</li><li>The business derives more than 50% of its revenue from the top 10 customers</li><li>The Concord Enviro Systems IPO has been subscribed 1.87 times as of 11:14 a.m</li></ul>

Concord Enviro Systems IPO: Check GMP, Day 3 Subscription Status, Price Band And More

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