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Concord Enviro Systems-IPO

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BSE,NSE 19 December - 23 December 2024
Concord Enviro Systems Limited IPO is a book build issue of 500.33 Cr. The issue is a combination of fresh issue of 2496433 shares aggregating to 175 Cr and offer for sale of 4640888 shares aggregating to 325.33 Cr. Concord Enviro Systems Limited IPO opened for subscription on Dec 19, 2024 and closed on Dec 23, 2024. The allotment for the this IPO was finalized on Dec 24, 2024. IPO was listed on NSE and BSE on Dec 27, 2024. Concord Enviro Systems Limited IPO is set issue price band at ₹665 to ₹701 per share.

Current GMP

₹138 (+19.69%)

Price Band

₹ 665 – 701

Lot Size

21

Issue Size

₹500.33 Cr

Minimum Investment

₹14721 (21 Shares)

Listing Date

27 December 2024

Subscription

10.67x

About the Company

Concord Enviro Systems Limited is a global provider of water and wastewater treatment, reuse, and zero liquid discharge (ZLD) solutions. The company offers integrated services across the entire value chain, including design, manufacturing, installation, commissioning, operations and maintenance (O&M), and digitalization solutions like IoT for real-time monitoring. Its revenue streams come from the sale of systems and plants, O&M services, and the supply of consumables and spare parts.

The company specializes in effluent treatment plants, anaerobic digesters, membrane bio-reactors, sewage treatment plants, and various membrane-based systems (ultra-filtration, nano-filtration, reverse osmosis), along with desalination systems and waste heat evaporators. These solutions help industries optimize energy and achieve water conservation and sustainability goals.

business comprises:
• the manufacture and sale water and wastewater treatment, reuse and ZLD of systems and plants and turnkey
solutions;
• operations and maintenance;
• the manufacture and sale of consumables and spare parts (including membranes, plants chemicals and
consumables).

Concord Enviro serves a broad customer base across multiple industries, including pharmaceuticals, chemicals, food and beverage, defense, automotive, steel, and textiles. As of August 31, 2024, it served over 310 customers globally, including multinational firms like Diageo, Grasim Industries, and LANXESS. The company operates from manufacturing facilities in Vasai, India, and Sharjah, UAE, and has an active presence in regions including North America, Latin America, Africa, the Middle East, and Southeast Asia.

The company is committed to innovation through in-house R&D, which has led to the development of industry-specific membranes and technology. Concord Enviro holds four patents in India and has filed nine additional patent applications. Its R&D efforts focus on reducing the operational costs and carbon footprint of ZLD processes, including energy recovery and ammonia removal.

Overall, Concord Enviro's strength lies in its ability to provide customized, energy-efficient water treatment solutions backed by strong R&D, a broad geographic reach, and a diverse customer base.

Promoters

  1. PRAYAS GOEL
  2. PRERAK GOEL
Promoters Holding

Holding Pre Issue

60.93%

Holding Post Issue

0.00%

Objects of the Issue

The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:

  1. 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”);
  2. 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”);
  3. Funding capital expenditure requirements of the Company for the purchase of plant and machinery;
  4. 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;
  5. Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
  6. Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business;
  7. Investment in technology and other growth initiatives to access new markets; and
  8. General corporate purposes. (collectively, referred to herein as “Objects”)

Address / Contact Info

Concord Enviro Systems Limited
101, HDIL Towers, Anant Kanekar Marg, 
Bandra (East), Mumbai- 400051
Maharashtra

Phone: +912267049000
Email: cs@concordenviro.in
Website: https://www.concordenviro.in

IPO Snapshot

Face Value₹5 per share
Price Band₹ 665 – 701
Lot Size21
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 175.00 Cr
Offer for Sale₹ 325.33 Cr
Total Issue Size₹ 500.33 Cr
Listing AtBSE,NSE
Industry
Sector
QIB Quota19.27%
BNII Quota10.16%
SNII Quota5.08%
Retail Quota35.57%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Concord Enviro Systems-IPO is a Book-building IPO worth ₹500.33 crores. The price band is ₹665 to 701 per share. The IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Concord Enviro Systems-IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024

Concord Enviro Systems-IPO Price Band is ₹665 to 701.

Concord Enviro Systems-IPO lot size is 21, and the minimum amount required for application is ₹14721.

The minimum investment for Concord Enviro Systems-IPO is approximately ₹14721 based on the upper price band.

To apply for the Concord Enviro Systems-IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Dec 23, 2024. After submission, funds are blocked until the basis of allotment of Concord Enviro Systems-IPO is finalised.

Concord Enviro Systems-IPO issue size is ₹500.33 crores.

Concord Enviro Systems-IPO allotment date is Sat, Jun 27, 2026.

The registrar for Concord Enviro Systems-IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Concord Enviro Systems-IPO through their official website or helpline.

The Concord Enviro Systems-IPO GMP (Grey Market Premium) is ₹138 as of Fri, Dec 27, 2024. Based on the upper price band of ₹701 per share, the estimated Concord Enviro Systems-IPO listing price is ₹839, indicating a potential listing gain of approximately 31% over the issue price.