Concord Enviro Systems IPO is set to open on December 19, 2024, and will close on December 23, 2024. The Concord Enviro Systems IPO is a Book Built Issue, aiming to raise approximately ₹500.33 crores. This includes a fresh issue of ₹175 crores and an offer for sale of up to 46,40,888 equity shares. The face value of each share is ₹5.
Concord Enviro Systems IPO Price band is set between ₹665 to ₹701 per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Concord Enviro Systems IPO is scheduled to list on NSE on December 27, 2024, with the allotment announcement on December 24, 2024.
The company reported revenue of ₹512.27 crores in 2024, compared to ₹350.50 crores in 2023. It posted a Profit of ₹41.44 crores in 2024, compared to a Profit of ₹5.49 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Concord Enviro Systems IPO Details
- Concord Enviro Systems IPO Market Lot
- Concord Enviro Systems IPO Dates
- About Concord Enviro Systems
- Promoters of Concord Enviro Systems
- Concord Enviro Systems IPO Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Concord Enviro Systems IPO GMP (Grey Market Premium)
- Concord Enviro Systems Subscription Status
- Concord Enviro Systems Allotment Status
- IPO Registrar
- IPO Lead Managers
- Concord Enviro Systems Contact
- FAQs
Concord Enviro Systems IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Concord Enviro Systems Limited |
| Industry | Environmental Services |
| IPO Issue Type | Book Built Issue |
| Open Date | December 19, 2024 |
| Close Date | December 23, 2024 |
| Total Issue Size | Approx ₹500.33 Crores |
| Fresh Issue | Approx ₹175 Crores |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹665 to ₹701 Per Share |
| Listing on | BSE & NSE |
| Lot Size | 21 Shares Per Lot |
| Offer for Sale | Approx 46,40,888 Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Concord Enviro Systems IPO Market Lot
Concord Enviro Systems IPO has a minimum lot size of 21 shares, with an amount of ₹14,721.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 21 | ₹14,721 |
| Retail Maximum | 13 | 273 | ₹1,91,373 |
| S-HNI Minimum | 14 | 294 | ₹2,06,094 |
| B-HNI Minimum | 68 | 1,428 | ₹10,01,028 |
Concord Enviro Systems IPO Dates
Concord Enviro Systems IPO opens on December 19, 2024, and closes on December 23, 2024. The allotment will be announced on December 24, 2024, and the IPO will be listed on December 27, 2024.
| Event | Date |
|---|---|
| IPO Open Date | December 19, 2024 |
| IPO Close Date | December 23, 2024 |
| Basis of Allotment | December 24, 2024 |
| Refunds | December 26, 2024 |
| Credit to Demat Account | December 26, 2024 |
| IPO Listing Date | December 27, 2024 |
About Concord Enviro Systems
Concord Enviro Systems Limited, established in July 1999, specializes in water supply and wastewater reuse solutions, utilizing advanced zero-liquid discharge (ZLD) technology. The company prioritizes customer satisfaction and building long-term relationships, which has helped it grow a strong customer base of 353 domestic clients and 24 international clients. These customers span diverse industries, including pharmaceuticals, chemicals, food and beverage, defense, energy, automotive, auto ancillaries, steel, and textiles.
With a significant global presence, Concord Enviro Systems exports its products to regions such as North America, Latin America, Africa, the Middle East, and Southeast Asia. The company has shown impressive financial growth, with revenue increasing from INR 329.37 crores in 2022 to INR 496.86 crores in 2024. Additionally, the net income for 2024 stands at INR 41.44 crores. Concord operates two manufacturing facilities—one in Vasai, Maharashtra, India, and the other in Sharjah, UAE.
Promoters of Concord Enviro Systems
- MR. Prayas Goel
- MR. Prerak Goel
Concord Enviro Systems IPO Financial Report
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 640.09 | 627.68 | 592.22 | 536.9 |
| Revenue | 208.02 | 512.27 | 350.5 | 337.57 |
| Profit After Tax | 0.52 | 41.44 | 5.49 | 16.48 |
| Net Worth | 319.71 | 320.82 | 279.23 | 266.81 |
| Reserves and Surplus | 300.59 | 303.09 | 258.64 | 261.12 |
| Total Borrowing | 167.53 | 153.19 | 131.06 | 125.76 |
| Amount in ₹ Crores | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.73% |
| ROCE | 14.07% |
| EBITDA Margin | 16.33% |
| PAT Margin | 8.34% |
| Debt to equity ratio | 0.47 |
| Earning Per Share (EPS) | ₹22.77 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 12.92% |
| Net Asset Value (NAV) | ₹177.23 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Praj Industries Limited | 15.42 | – | 22.24% | 69.35 | 3,508 Cr. |
| Ion Exchange (India) Limited | 16.53 | – | 19.24% | 86.15 | 2,392 Cr. |
| Triveni Engineering and Industries | 18.05 | – | 13.80% | 132.51 | 5,220 Cr. |
| VA Tech Wabag | 39.49 | – | 15.04% | 235.96 | 2,856 Cr. |
| Thermax Limited | 57.28 | – | 14.80% | 314.96 | 9,323 Cr. |
Objective of the Issue
- Investment in the wholly owned subsidiary, Concord Enviro FZE (“CEF”), to finance capital expenditure for the greenfield project aimed at developing an assembly unit for manufacturing systems and plants for water treatment, wastewater treatment, and related membrane modules (the “U.A.E Project”).
- Investment in our wholly owned subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”), to fund capital expenditure for the brownfield project focused on expanding manufacturing facilities, storage capacity, and supporting activities (the “Vasai Project”).
- Allocation of funds for the company’s capital expenditure needs, including the purchase of plant and machinery.
- Investment in Concord Enviro FZE to prepay or repay, in full or in part, certain outstanding borrowings.
- Investment in Concord Enviro FZE to meet its working capital requirements.
- Investment in the joint venture, Reserve Enviro Private Limited, to expand and enhance our pay-per-use/pay-as-you-treat business model.
- Investment in technology and other growth initiatives to enter new markets.
- General corporate purposes.
Concord Enviro Systems IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Concord Enviro Systems, please visit the IPO GMP page.
Concord Enviro Systems Subscription Status
This IPO subscription kicks off on December 19, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Concord Enviro Systems Allotment Status
To check the Concord Enviro Systems IPO allotment status, visit the IPO register website Link Intime or go to the IPO Allotment page.
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6000
Email: concordenviro.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers
EQUIRUS CAPITAL PRIVATE LIMITED
12th Floor, C Wing, Marathon Futurex,
N M Joshi Marg, Lower Parel,
Mumbai 400 013, Maharashtra
Phone: +91 (22) 4332 0735
Email: concordenviro.ipo@equirus.com
Website: www.equirus.com
Concord Enviro Systems Contact
CONCORD ENVIRO SYSTEMS LIMITED
101, HDIL Towers, Anant Kanekar Marg,
Bandra (East), Mumbai- 400051, Maharashtra
Phone: +91 (22) 6704 9000
Email: cs@concordenviro.in
Website: www.concordenviro.in
FAQs
What is the Concord Enviro Systems IPO?
Concord Enviro Systems is raising ₹500.33 crores through a main-board IPO, priced between ₹665 and ₹701 per share, to be listed on BSE and NSE.
When will the IPO open?
The IPO opens on December 19, 2024, and closes on December 23, 2024.
What is the investor portion?
- QIB: 50%
- NII: 15%
- Retail: 35%
How to apply?
Apply via ASBA online through your bank or stock broker, or offline with the broker.
What is the issue size?
The IPO issue size is ₹500.33 crores.
Note: Concord Enviro Systems’s IPO price band and date have been officially announced. Concord Enviro Systems’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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