Concord Enviro Systems-IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 19 Dec 2024
Close Date
Mon, 23 Dec 2024
Price Band
₹ 665 – 701
Lot Size
21
Issue Size
₹ 500.33 Cr
Minimum Investment
₹ 14,721 (21 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Concord Enviro Systems-IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹500.33 Crore, comprising a fresh issue of 24.96 Lakh equity shares aggregating to ₹175.00 Crore and an offer for sale (OFS) of 46.41 Lakh equity shares aggregating to ₹325.33 Crore by the existing shareholders.
The Concord Enviro Systems-IPO remained open for subscription from December 19, 2024, to December 23, 2024. The basis of allotment was finalized on December 24, 2024, and the company's shares were listed on the NSE and BSE on December 27, 2024.
The company had fixed the price band at ₹665 to ₹701 per share, with a lot size of 21 shares. Retail investors were required to make a minimum investment of ₹14,721 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Motilal Oswal Investment Advisors Ltd, and Equirus Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Concord Enviro Systems Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Concord Enviro Systems-IPO Timeline (Tentative)
- IPO Open Date
- Thu, 19 Dec 24
- IPO Close Date
- Mon, 23 Dec 24
- Basis of Allotment
- Tue, 24 Dec 24
- Initiation of Refunds
- Thu, 26 Dec 24
- Credit of Shares to Demat
- Thu, 26 Dec 24
- Listing Date
- Fri, 27 Dec 24 — NSE & BSE
Open Date
19 December 2024
Close Date
23 December 2024
Basis Of Allotment
24 December 2024
Listing Date
27 December 2024
IPO Subscription
Check Live Subscription →The Concord Enviro Systems-IPO has received bids for 5,35,33,347 shares against 50,15,356 shares offered, resulting in an overall subscription of 10.67x. the NII category is subscribed 14.2x, Retail Investors 5.56x, and QIBs 17.32x. Within the NII category, BNII is subscribed 14.09x, while SNII is subscribed 14.41x.
QIB
17.32x
NII
14.2x
BNII
14.09x
SNII
14.41x
RII
5.56x
Total
10.67x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 25,45,364 shares, representing 35.57% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 13,79,122 shares (19.27%), while Non-Institutional Investors (NIIs) receive 10,90,870 shares (15.24%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 2,141,195 | 29.92% |
| Qualified Institutions | 1,379,122 | 19.27% |
| Non-Institutional | 1,090,870 | 15.24% |
| BNII | 727,247 | 10.16% |
| SNII | 363,623 | 5.08% |
| Retail Investors | 2,545,364 | 35.57% |
| Total | 7,156,551 | 100% |
Financials Details(₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 300.59 | 303.09 | 258.64 | 261.12 |
| Total Borrowings | 167.53 | 153.19 | 131.06 | 125.76 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Concord Enviro Systems Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 13.73 |
| ROCE % | 14.07 |
| Debt / Equity | 0.47 |
| RoNW % | 12.92 |
| Pat Margin % | 8.34 |
Peers Comparison
No Peer Comparision Available
About Concord Enviro Systems Limited
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.
Concord Enviro Systems-IPO Promoters
- PRAYAS GOEL
- PRERAK GOEL
Promoters Holding
Holding Pre Issue
60.93%
Holding Post Issue
0.00%
Concord Enviro Systems-IPO Objective
The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:
- 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; and
- General corporate purposes. (collectively, referred to herein as “Objects”)
Concord Enviro Systems Limited Address / Contact Details
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
Concord Enviro Systems-IPO Lot Size
The Concord Enviro Systems-IPO has a lot size of 21 shares. Retail investors require a minimum investment of ₹14,721 by applying for 1 lot (21 shares). The maximum application allowed for the retail category is 13 lots (273 shares), requiring an investment of ₹1,91,373.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 21 | 14,721.00 |
| Retail (Max) | 13 | 273 | 191,373.00 |
| S-HNI (Min) | 14 | 294 | 206,094.00 |
| S-HNI (Max) | 67 | 1,407 | 986,307.00 |
| B-HNI (Min) | 68 | 1,428 | 1,001,028.00 |
Issue Reservation
- Anchor Investors — 29.92%
- QIB — 19.27%
- NII — 15.24%
- RII — 35.57%
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
- Equirus Capital Private Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Concord Enviro Systems-IPO?
Concord Enviro Systems-IPO is a Book-building IPO with a total issue size of ₹500.33 crore. The Concord Enviro Systems-IPO price band is ₹665 to 701 per share. The Concord Enviro Systems-IPO subscription opens on Thu, Dec 19, 2024, and closes on Mon, Dec 23, 2024. The Concord Enviro Systems-IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Concord Enviro Systems-IPO.
When will the Concord Enviro Systems-IPO open for subscription?
The Concord Enviro Systems-IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024
What is Concord Enviro Systems-IPO Price Band?
Concord Enviro Systems-IPO Price Band is ₹665 to 701 per share.
What is Concord Enviro Systems-IPO Lot Size?
Concord Enviro Systems-IPO lot size is 21 shares, Retail investors need a minimum investment of ₹14721 based on the upper price band
What is the minimum investment for Concord Enviro Systems-IPO?
The minimum investment for Concord Enviro Systems-IPO is ₹14721, based on one lot of 21 shares at the upper price band of ₹701 per share.
How to apply for Concord Enviro Systems-IPO?
Investors can apply for the Concord Enviro Systems-IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 23, 2024. The application amount remains blocked until the Concord Enviro Systems-IPO allotment is finalized.
What is Concord Enviro Systems-IPO Issue Size?
Concord Enviro Systems-IPO issue size is ₹500.33 crores.
What is the Concord Enviro Systems-IPO Allotment Date?
Concord Enviro Systems-IPO allotment date is Tue, Dec 24, 2024.
Who is the Concord Enviro Systems-IPO Registrar?
The registrar for Concord Enviro Systems-IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Concord Enviro Systems-IPO allotment status, refund processing, and other IPO-related information.
What is the Concord Enviro Systems-IPO GMP?
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 19.69% over the issue price.
Who is the Concord Enviro Systems-IPO Lead Manager?
The book-running lead managers (BRLMs) for the Concord Enviro Systems-IPO are Motilal Oswal Investment Advisors Ltd, and Equirus Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Concord Enviro Systems-IPO Red Herring Prospectus (RHP).