CONCOR OFS reserved for retail investors amounting to ₹ 233 crore at floor price got over subscribed approximately 1.84 times.

In-spite of volatility in the capital market and depressed sentiments as BSE (-170.62) and NSE (-45.65) closed in red, the retail portion of CONCOR OFS got thumbs up from retail investors. The 20% portion of CONCOR OFS reserved for retail investors i.e., 19,49,742 equity shares amounting to ₹ 233 crore at floor price got over subscribed approximately1.84 times. The total bids received from retail investors amount to ₹ 430.08 crore.

Overall the CONCOR OFS for 5% divestment of paid-up equity out of Government of India shareholding of 61.80% for equity shares of 97,48,710 amounts to ₹ 1165 crore at Floor Price. The total demand was for 1,93,62,013 equity shares amounting to ₹ 2317.20 crore.

This was the seventh CPSE disinvestment of the fiscal year 2015-16 and third of this quarter.