Concord Enviro Systems-IPO Details
The Concord Enviro Systems-IPO is a book build issue with a total issue size of ₹500.33 cr, comprising of fresh issue of 2496433 equity shares., and a offer for sale of 4640888 equity shares. Concord Enviro Systems-IPO opened for subscription on Dec 19, 2024 and closed on Dec 23, 2024. Concord Enviro Systems-IPO is set price band at ₹665 to ₹701 per share, with a lot size of 21 shares. Minimum investment for Retail investors was ₹14,721.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 24, 2024, and listed on both the NSE and BSE on Dec 27, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Motilal Oswal Investment Advisors Pvt Ltd and Equirus Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Concord Enviro Systems-IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 665 – 701
- Lot Size
- 21
- Issue Size
- ₹500.33 Cr
- Minimum Investment
- ₹14721 (21 Shares)
- Listing Date
- 27 December 2024
Current GMP
₹138 (+19.69%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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”)
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
Book Running Lead Managers
- Motilal Oswal Investment Advisors Pvt Ltd
- Equirus Capital Private Limited
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 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.
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 per share.
Concord Enviro Systems-IPO lot size is 21 shares, Retail investors need a minimum investment of ₹14721 based on the upper price band
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.
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.
Concord Enviro Systems-IPO issue size is ₹500.33 crores.
Concord Enviro Systems-IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.