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Concord Biotech

Concord Biotech is an Indian biopharma company that develops and manufactures select fermentation-based APIs for immunosuppressants and oncology. It supplies its products to over 200 customers in 70 countries, including regulated markets such as the United States, Europe, and Japan.
As of March 2022, Concord Biotech had six fermentation-based immunosuppressant APIs, including tacrolimus, mycophenolate mofetil, mycophenolate sodium, cyclosporine, sirolimus, and pimecrolimus. It had a total annual installed fermentation capacity of 1,250 cubic meters. The company has two DSIR-approved R&D units with 163 members.
Concord Biotech operates three manufacturing facilities in Gujarat, India. These facilities include API manufacturing facilities in Dholka and Limbasi, and a formulation manufacturing facility in Valthera.

Concord Biotech IPO Details

Signature Global IPO Details
Concord Biotech IPO Dates
4– 8 August 2023
Concord Biotech IPO Price
INR 705 – 741 per share Employee Discount – INR 70 per share
Fresh issue
NA
Offer For Sale
20,925,652 shares (INR 1,475.26 – 1,550.59 crore)
Total IPO Size
20,925,652 shares (INR 1,475.26 – 1,550.59 crore)
Minimum bid (size)
20 shares (INR 14,820)
Face Value
INR 1 per share
Retail Allocation
35%
Listing On
BSE, NSE

Concord Biotech Financial Performance

Signature Global Financial Performance

FY2021

FY2022

FY2023

Revenue

616.94

712.93

853.17

Expenses

317.58

495.19

568.42

Net income

234.89

174.93

240.08

Margin (%)

38.07

24.54

28.14

Figures in INR Crore unless specified otherwise

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