Concord Enviro Systems IPO Details
IPO Open Date: | December 19, 2024 |
IPO Close Date: | December 23, 2024 |
Face Value: | ₹5 Per Equity Share |
IPO Price Band: | ₹665 to ₹701 Per Share |
Issue Size: | Approx ₹500.33 Crores |
Fresh Issue: | Approx ₹175 Crores |
Offer for Sale: | Approx 46,40,888 Equity Shares |
Issue Type: | Book Built Issue |
IPO Listing: | BSE & NSE |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Concord Enviro Systems IPO Market Lot
The Concord Enviro Systems IPO minimum market lot is 21 shares with ₹14,721 application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 21 | ₹14,721 |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Concord Enviro Systems IPO Dates
The Concord Enviro Systems IPO date is December 19, 2024 and the close date is December 23, 2024 . The Concord Enviro Systems IPO allotment will be finalized on December 24, 2024 and the IPO listing on December 27, 2024.
IPO Open Date: | December 19, 2024 |
IPO Close Date: | December 23, 2024 |
Basis of Allotment: | December 24, 2024 |
Refunds: | December 26, 2024 |
Credit to Demat Account: | December 26, 2024 |
IPO Listing Date: | December 27, 2024 |
Promoters of Concord Enviro Systems IPO
The promoters of the company are Prayas Goel, and Prerak Goel.
About Concord Enviro Systems IPO
Concord Enviro Systems Limited was incorporated in July 1999 and engaged in the business of water provider and wastewater reuse with the advanced technology zero-liquid discharge (ZLD). Due to giving more importance to customer satisfaction and building strong and long relationships, now they have around 353 domestic and 24 international customers, including various industries such as pharmaceuticals, chemicals, food and beverage, defense and energy, automotive and auto ancillaries, steel, and textiles.
Additionally, the company has a broad global reach, exporting to regions including North America, Latin America, Africa, the Middle East, and Southeast Asia. It is noticeable that the company’s revenue has increased from 2022 to 2024, raising INR 329.37 crores to INR 496.86 crores, and the net income of 2024 is also satisfactory at INR 41.44 crores. Further, this company works in two countries with two manufacturing facilities, one in Vasai, Maharashtra, India, and the other in Sharjah, UAE.
Concord Enviro Systems IPO Company Financial Report
The company reported revenue of ₹512.27 crores in 2024 against ₹350.50 crore in 2023. The company reported profit of ₹41.44 crores in 2024 against profit of ₹5.49 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹337.57 | ₹319.88 | ₹16.48 | ₹327.23 |
2023 | ₹350.50 | ₹343.30 | ₹5.49 | ₹372.59 |
2024 | ₹512.27 | ₹467.57 | ₹41.44 | ₹436.81 |
Aug 2024 | ₹208.02 | ₹206.56 | ₹0.52 | ₹439.50 |
Concord Enviro Systems IPO Valuation – FY2024
Check Concord Enviro Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 13.73% |
ROCE: | 14.07% |
EBITDA Margin: | 16.33% |
PAT Margin: | 8.34% |
Debt to equity ratio: | 0.47 |
Earning Per Share (EPS): | ₹22.77 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 12.92% |
Net Asset Value (NAV): | ₹177.23 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Praj Industries Limited | 15.42 | – | 22.24% | 69.35 | 3,508 Cr. |
Ion Exchange (India) Limited | 16.53 | – | 19.24% | 86.15 | 2,392 Cr. |
Triveni Engineering and Industries | 18.05 | – | 13.80% | 132.51 | 5,220 Cr. |
VA Tech Wabag | 39.49 | – | 15.04% | 235.96 | 2,856 Cr. |
Thermax Limited | 57.28 | – | 14.80% | 314.96 | 9,323 Cr. |
Objects of the Issue
- 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”)
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Concord Enviro Systems IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- Equirus Capital Private Limited
Company Address
Motilal Oswal Investment Advisors Limited
Equirus Capital Private Limited
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