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19 Dec 2024
Concord Enviro Systems Limited IPO
Founded in July 1999, Concord Enviro Systems Limited has established itself as a leading global provider of comprehensive water and wastewater treatment and reuse solutions, with a strong emphasis on zero-liquid discharge (ZLD) technology. The company offers a complete suite of in-house solutions that span the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M) and digitalization through innovative Internet of Things (IoT) applications.
Concord Enviro Systems is dedicated to delivering integrated wastewater treatment and ZLD solutions, with a focus on energy optimization and recovery. This approach aids industries in achieving crucial water conservation and sustainability goals. Their operations can be categorized into various segments: manufacturing and sale of water and wastewater treatment systems, reuse and ZLD systems, turnkey solutions, operations and maintenance, manufacturing and sale of consumables and spare parts (including membranes, plants, chemicals and consumables) and the installation of compressed biogas plants (CBG Plants).
As of March 31, 2024, Concord Enviro Systems boasts a substantial export footprint, delivering solutions to regions such as North America, Latin America, Africa, the Middle East and Southeast Asia. The company maintains an extensive customer base of 377 clients worldwide, with 353 domestic and 24 international customers across industries like pharmaceuticals, chemicals, food and beverage, defense, automotive, steel and textiles.
Notable clients include Diageo Mexico Operaciones, Grasim Industries, AB Mauri, Anthem Biosciences and many others. Concord Enviro Systems is currently undertaking projects for multinational corporations, such as implementing ZLD solutions for Diageo's distillery in La Barca, Jalisco, Mexico and a factory in New York, USA, showcasing their commitment to sustainable industrial practices.
Concord Enviro IPO Overview:
- ● Total Issue Size: ₹500.33 crores
- ○ Fresh Issue: 0.25 crore shares (₹175.00 crores)
- ○ Offer for Sale: 0.46 crore shares (₹325.33 crores)
- ● Price Per Share: ₹665 to ₹701 per share
- ● Subscription Period: December 19, 2024 to December 23, 2024
- ● Minimum Lot Size: 21 shares
- ● Lead Managers: Motilal Oswal Investment Advisors Limited, Equirus Capital Private Limited
- ● Registrar: Link Intime India Private Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Concord Enviro Limited GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 701 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Concord Enviro IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹665 to ₹701 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 71,37,321 shares (aggregating up to ₹500.33 Cr) |
| Fresh Issue | 24,96,433 shares (aggregating up to ₹ 175.00 Cr) |
| Offer for Sale | 46,40,888 shares of ₹5 (aggregating up to ₹325.33 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 1,26,47,600 shares |
| Shareholding post issue | 2,06,96,233 shares |
Concord Enviro IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
Concord Enviro IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,721 |
| Retail (Max) | 13 | 273 | ₹1,91,373 |
| S-HNI (Min) | 14 | 294 | ₹2,06,094 |
| S-HNI (Max) | 67 | 1,407 | ₹9,86,307 |
| B-HNI (Min) | 68 | 1,428 | ₹10,01,028 |
Concord Enviro IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of theNet Issue |
New Malayalam Steel IPO Promoter Holding
| Share Holding Pre Issue | 99.80% |
| Share Holding Post Issue | 73.02% |
Mamata Machinery IPO Anchor Investors Details
| Bid Date | December 18, 2024 |
| Shares Offered | 2,204,202 |
| Anchor Portion Size (In Cr.) | 53.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 24, 2025 |
Competitive Strength:
- ● Market leadership in ZLD technology in India, well placed to harness global industry opportunities.
- ● Integrated solutions provider supported by backward integrated manufacturing facilities.
- ● Established presence in international markets.
- ● Diversified customer base across multiple industries and geographies.
Concord Enviro Systems Limited Financial Information
| Period Ended | 30 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% |
| RoNW | 12.92% |
| Debt/Equity | 0.47 |
| PAT Margin (%) | 8.34 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 22.77 | 0.60 |
| P/E (x) | 30.79 |
Concord Enviro IPO Objectives:-
-
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.
- 8. General corporate purposes. (collectively, referred to herein as “Objects”).
Concord Enviro Systems IPO FAQs
-
What is Concord Enviro Systems IPO?
Concord Enviro Systems IPO is a main-board IPO. The company is going to raise ₹500.33 Crores via IPO. The issue is priced at ₹665 to ₹701 per equity share. The IPO is to be listed on BSE & NSE.
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When will the Concord Enviro Systems IPO open for subscription?
The IPO is to open on December 19, 2024 for QIB, NII, and Retail Investors. The IPO will close on December 23, 2024.
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What is Concord Enviro Systems IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Concord Enviro Systems IPO Issue Size?
Concord Enviro Systems IPO issue size is ₹500.33 crores.
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What is Concord Enviro Systems IPO Price Band?
Concord Enviro Systems IPO Price Band is ₹665 to ₹701.
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What is Concord Enviro Systems IPO Lot Size?
The minimum bid is 21 Shares with ₹14,721 amount.
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What is the Concord Enviro Systems IPO Allotment Date?
Concord Enviro Systems IPO allotment date is December 24, 2024.
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What is the Concord Enviro Systems IPO Listing Date?
Concord Enviro Systems IPO listing date is December 27, 2024. The IPO is to list on BSE & NSE.
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What is the Concord Enviro Systems current GMP?
The current GMP of the Concord Enviro Systems is ---.
RHP:
RHP of Concord Enviro Systems Limited IPO
DRHP:
DRHP of Concord Enviro Systems Limited IPO
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