Concord Enviro Systems Limited IPO

Mainboard

Waste Management

Listed On: Dec 27, 2024 at ₹ 826.0(NSE)

₹ 14721 /21 Shares

Check Allotment

Price Summary

Last Closing

463.50 (-33.88%)

52 Week High

860.00

52 Week Low

441.25

Last Update

21-Feb-2025 3:30 PM

Concord Enviro Systems IPO Details

19 Dec, 2024

Open Date

23 Dec, 2024

Close Date

24 Dec, 2024

Allotment Date

27 Dec, 2024

Listing Date

Issue Price

₹665-701 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

826.0(NSE)

Listing Date

2024-12-27

Market Lot

Retail : 21 Shares (₹14,721/-)
S-HNI : 294 Shares (₹2,06,094/-)
B-HNI : 1,428 Shares (₹10,01,028/-)

Lead Manager

Motilal Oswal Investment Advisors Limited
Equirus Capital Private Limited

Issue Size

Total ₹500.33 Cr :
#Fresh Issue : 24,96,433 shares(aggregating up to ₹175.00 Cr) +
#OFS : 46,40,888 shares of ₹5(aggregating up to ₹325.33 Cr)

Retail Portion

35% (Number of Retail Applications: 1,18,955 Approx),
(Number of S-HNI Applications : 1,213 Approx),
(Number of B-HNI Applications : 2,426 Approx)

Subscription

10.66 times

IPO Docs

DRHP RHP ANCHOR

The IPO of Concord Enviro Systems is priced at ₹665-701 per equity share, which has a face value of ₹5 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Concord Enviro Systems IPO bid opening date is from Dec 19, 2024 and the bid closing date was Dec 23, 2024.
Concord Enviro Systems IPO allotment result will be available on Dec 24, 2024. The tentative listing date for Concord Enviro Systems is Dec 27, 2024.

The total issue size is Total ₹500.33 Cr : #Fresh Issue : 24,96,433 shares(aggregating up to ₹175.00 Cr) + #OFS : 46,40,888 shares of ₹5(aggregating up to ₹325.33 Cr).

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	13,79,122	10,90,870 7,27,247 3,63,623	25,45,364	50,15,356
Day 1 - 19-12-24 05:00 PM	0.00 x	0.35 0.16 x 0.73 x	1.02 x	0.59 x
Day 2 - 20-12-24 05:00 PM	0.01 x	1.01 0.52 x 1.99 x	2.01 x	1.24 x
Day 3 - 23-12-24 05:00 PM	17.32 x	14.19 14.09 x 14.38 x	5.53 x	10.66 x

Total No. of Applications: 6,01,806 (Approx)

Retail Subscription on the basis of Applications: Retail:4.85x BHNI:2.88x SHNI:14.22x times

Concord Enviro Systems Valuations

EPS Pre IPO

22.77

EPS Post IPO

0.60

P/E Pre IPO

30.79

P/E Post IPO

ROE

13.73%

ROCE

14.07%

Debt/Equity

0.47

RoNW

12.92%

PAT Margin

8.34

Price to Book Value

3.96

Concord Enviro Systems Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	627.68	592.22	536.9
Revenue	512.27	350.5	337.57
Profit After Tax	41.44	5.49	16.48
Net Worth	320.82	279.23	266.81
Reserves & Surplus	303.09	258.64	261.12
Total Borrowing	153.19	131.06	125.76

About The Company

Established in the year 1999, Concord Enviro Systems Limited is a global leader in Zero Liquid Discharge (ZLD) technology and water and wastewater treatment solutions. The company offers complete end-to-end services ranging from design to manufacturing to O&M and IoT-driven digitalization to help industries meet sustainability and water conservation goals.

With a diversified customer base of 377 clients in pharmaceuticals, chemicals, food & beverage, and more, Concord Enviro operates in North America, Africa, the Middle East, and Asia, serving clients like Grasim Industries, LANXESS India, and Diageo Mexico Operaciones.

Its sophisticated Indian and UAE manufacturing facilities are driven by a talented R&D team that will ensure innovative, energy-efficient solutions. As one of the market leaders in ZLD technology, Concord Enviro is well-equipped to seize global opportunities with growing demand for sustainable water management.

Concord Enviro Systems - Strength and Weakness

Strength

As of Fiscal 2024, the company ranks among India's top two ZLD solution providers.

The company exports its innovative solutions to North America, Europe, Africa, and Asia.

The company developed UHPRO technology, cutting energy consumption by 30%.

The global recycling and reuse wastewater market is projected to grow from US$30B to US$48.6B at a CAGR of 10.1%.

Weakness

Dependence on manufacturing facilities risks operational disruptions and financial losses.

Exposure to operational hazards such as equipment failures and natural disasters.

Compliance with stringent environmental regulations incurs significant costs and liabilities.

Concord Enviro Systems - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Concord Enviro	3.97	35.01	12.9%	512
Praj Industries	11.6	54.1	23.3%	3,363
Ion Exchange	9.52	48.5	21.1%	2,548
Triveni Engineering	3.56	33.0	14.2%	5,405
Va Tech Wabag	5.29	40.0	13.8%	2,965
Thermax Limited	12.0	87.4	14.2%	9,884

Concord Enviro Systems - Promoter(s)

Pre Issue Share Holding: 60.93%

Post Issue Share Holding: 51.40%

Company Promoter(s)

Prayas Goel
Prerak Goel

Concord Enviro Systems IPO - Issue Objectives

Investment in the wholly owned Subsidiary, Concord Enviro FZE (“CEF”) for financing its capital expenditure requirements for the greenfield project to develop an assembly unit to assemble systems and plants for the treatment of water, wastewater and related membrane modules (the U.A.E Project)
Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (RSSPL), for financing its capital expenditure requirements for the brownfield project to expand the manufacturing facilities, storage and supporting activities (the Vasai Project)
Funding capital expenditure requirements of the Company for the purchase of plant and machinery
Investment in our wholly owned Subsidiary, Concord Enviro FZE, for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Concord Enviro FZE
Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE
Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business
Investment in technology and other growth initiatives to access new markets
General corporate purposes. (collectively, referred to herein as Objects)

Concord Enviro Systems IPO - Anchor Investors

Concord Enviro Systems IPO: Institutional investors pick Rs 150 crore shares via anchor book.

Domestic institutional investors including ICICI Prudential Mutual Fund, Kotak Mahindra AMC, Bandhan Mutual Fund, Invesco India, PGIM India, and LIC Mutual Fund picked 14.55 lakh shares worth Rs 102.04 crore in Concord.

Among others, Morgan Stanley, Societe Generale, Meru Investment Fund, SBI General Insurance, Winro Commercial, LC Pharos Multi Strategy Fund, and BNP Paribas Financial Markets bought 6.85 lakh shares worth Rs 48.05 crore in the company.

Other Details

Company Contact Details

Concord Enviro Systems

101, HDIL Towers, nant Kanekar Marg, Bandra (East), Mumbai-400051

Phone: +912267049000

Email: cs@concordenviro.in

Website: https://www.concordenviro.in/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: concordenviro.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

Concord Enviro Systems IPO - FAQs

Ans. Concord Enviro Systems Limited IPO is a Mainboard IPO. The issue is priced at ₹665-701 per equity share. The minimum order quantity is 21 Shares. The IPO opens on Dec 19, 2024, and closes on Dec 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Concord Enviro Systems Limited IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.

Ans. The size of Concord Enviro Systems Limited IPO is Total ₹500.33 Cr : #Fresh Issue : 24,96,433 shares(aggregating up to ₹175.00 Cr) + #OFS : 46,40,888 shares of ₹5(aggregating up to ₹325.33 Cr).

Ans. The IPO price band is set between ₹665-701 per equity share.

Ans. To apply for Concord Enviro Systems Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Concord Enviro Systems Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Concord Enviro Systems Limited IPO is Dec 24, 2024.

Ans. The Concord Enviro Systems Limited IPO will be listed on Dec 27, 2024.

Ans. Follow the steps to check the allotment status for Concord Enviro Systems Limited IPO here.