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Concord Enviro Systems IPO is a book build issue of ₹500.33 crores. The issue is a combination of fresh issue of 0.25 crore shares aggregating to ₹175.00 crores and offer for sale of 0.46 crore shares aggregating to ₹325.33 crores.
Concord Enviro Systems IPO bidding started from Dec 19, 2024 and ended on Dec 23, 2024. The allotment for Concord Enviro Systems IPO was finalized on Dec 24, 2024. The shares got listed on BSE, NSE on Dec 27, 2024.
Concord Enviro Systems IPO price band is set at ₹701.00 per share . The lot size for an application is 21. The minimum amount of investment required by an retail is ₹13,965 (21 shares). The lot size investment for sNII is 14 lots (294 shares), amounting to ₹2,06,094, and for bNII, it is 68 lots (1,428 shares), amounting to ₹10,01,028.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Concord Enviro Systems IPO RHP for detailed Information.
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹665 to ₹701 per share |
| Issue Price Final | ₹701 per share |
| Lot Size | 21 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| 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 | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,81,99,800 shares |
| Share Holding Post Issue | 2,06,96,233 shares |
Concord Enviro IPO offers total 71,37,321 shares. Out of which 35,68,659 (50.00%) allocated to QIB, 14,27,464 (20.00%) allocated to QIB, 10,70,599 (15.00%) allocated to NII, 24,98,063 (35.00%) allocated to RII and 21,41,195 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 35,68,659 (50.00%) | NA |
| − Anchor Investor Shares Offered | 21,41,195 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 14,27,464 (20.00%) | NA |
| NII (HNI) Shares Offered | 10,70,599 (15.00%) | NA |
| − bNII > ₹10L | 7,13,732 (10.00%) | 2,427 |
| − sNII < ₹10L | 3,56,867 (5.00%) | 1,213 |
| Retail Shares Offered | 24,98,063 (35.00%) | 1,18,955 |
| Total Shares Offered | 71,37,321 (100.00%) |
Concord Enviro Systems IPO raises ₹150.10 crore from anchor investors. Concord Enviro Systems IPO Anchor bid date is December 18, 2024. Concord Enviro Systems IPO Anchor Investors list
| Bid Date | December 18, 2024 |
| Shares Offered | 21,41,195 |
| Anchor Portion Size (In Cr.) | 150.10 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 23, 2025 |
Concord Enviro Systems IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thu, Dec 19, 2024 |
| IPO Close Date | Mon, Dec 23, 2024 |
| Tentative Allotment | Tue, Dec 24, 2024 |
| Initiation of Refunds | Thu, Dec 26, 2024 |
| Credit of Shares to Demat | Thu, Dec 26, 2024 |
| Tentative Listing Date | Fri, Dec 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 23, 2024 |
Investors can bid for a minimum of 21 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in July 1999, Concord Enviro Systems Limited is a global water and wastewater treatment and reuse solutions provider, including zero-liquid discharge (ZLD) technology.
The company offers in-house solutions across the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization, such as IoT. The company provides integrated wastewater treatment and zero liquid discharge (ZLD) solutions, focusing on energy optimization and recovery to aid industries in achieving water conservation and sustainability goals.
The company's business can be segregated into the following:-
As of March 31, 2024, the company exports its solutions to North America, Latin America, Africa, the Middle East, and Southeast Asia and has a large customer base of 377 customers worldwide.
As of FY 2024, the company has served over 353 domestic and 24 international customers in pharmaceuticals, chemicals, food and beverage, defence, automotive, steel, and textiles, with a presence in two countries.
The company's clients include Diageo Mexico Operaciones, S.A. De C.V., Grasim Industries Limited, AB Mauri, Anthem Biosciences Private Limited, Bhopal Glues and Chemicals Private Limited, Kasyap Sweetners Private Limited, LANXESS India Private Limited, Puja Spintex Private Limited, SFC Environmental Technologies Private Limited, SMS Limited and Tagros Chemicals India Private Limited. Furthermore, the company currently executes projects for multinational companies like Diageo Mexico Operaciones, S.A. De C.V.that include implementing a ZLD solution for their distillery in La Barca, Jalisco, Mexico and a ZLD solution for another customer at their factory in New York, United States of America.
The company has two manufacturing facilities: one in Vasai, India, and another in Sharjah, UAE. Their in-house R&D team, comprising 21 employees as of March 31, 2024, develops the solutions.
Concord Enviro Systems Limited's revenue increased by 46% and profit after tax (PAT) rose by 655% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 640.09 | 627.68 | 592.22 | 536.9 |
| Total Income | 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 ₹ Crore | ||||
The market capitalization of Concord Enviro Systems IPO is ₹1450.81 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 13.73% |
| ROCE | 14.07% |
| Debt/Equity | 0.47 |
| RoNW | 12.92% |
| PAT Margin | 8.34% |
| Price to Book Value | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 22.77 | 0.60 |
| P/E (x) | 30.79 | 1171.52 |
The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:
[Dilip Davda] The company is a global player for water/wastewater treatment and other solutions involving ZLD technology. While it posted steady growth in its top lines for reported periods, it marked setback in bottom line for FY23. For 5M of FY25, it posted dismal earnings, indicating pressure on margins with rising competition. Based on its recent financial data, the issue appears fully priced discounting all near term positives. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | December 27, 2024 |
| BSE Script Code | 544315 |
| NSE Symbol | CEWATER |
| ISIN | INE037Z01029 |
| Final Issue Price | ₹701 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
Concord Enviro Systems Ltd.
101, HDIL Towers,
nant Kanekar Marg,
Bandra (East), Mumbai-400051
Bandra, Maharashtra
Phone: +912267049000
Email: cs@concordenviro.in
Website: https://www.concordenviro.in/
MUFG Intime India Pvt.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 is a main-board IPO of 71,37,321 equity shares of the face value of ₹5 aggregating up to ₹500.33 Crores. The issue is priced at ₹701 per share. The minimum order quantity is 21.
The IPO opens on December 19, 2024, and closes on December 23, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Concord Enviro Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Concord Enviro Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Concord Enviro Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Concord Enviro Systems IPO opens on December 19, 2024 and closes on December 23, 2024.
Concord Enviro Systems IPO lot size is 21, and the minimum amount required for application is ₹14,721.
You can apply in Concord Enviro Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Concord Enviro Systems IPO will be done on Tuesday, December 24, 2024, and the allotted shares will be credited to your demat account by Thursday, December 26, 2024. Check the Concord Enviro Systems IPO allotment status.
The Concord Enviro Systems IPO listing date is on Friday, December 27, 2024.
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