Concord Enviro Systems IPO Date, Review, Price, Allotment Details

Concord Enviro Systems IPO open date is December 19, 2024 and the IPO will close on December 23, 2024. Concord Enviro Systems IPO is a Book Built Issue. The company to raise around ₹500.33 crores via IPO that comprises fresh issue of ₹175 crores and offer for sale up to 46,40,888 equity shares with face value of ₹5 each.

Concord Enviro Systems IPO price band is ₹665 to ₹701 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Concord Enviro Systems IPO to list on NSE on December 27, 2024. The allotment of Concord Enviro Systems IPO date is December 24, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

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.

ApplicationLot SizeSharesAmount
Retail Minimum121₹14,721
Retail Maximum13₹-
S-HNI Minimum14₹-
B-HNI Minimum68₹-

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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Praj Industries Limited15.4222.24%69.353,508 Cr.
Ion Exchange (India) Limited16.5319.24%86.152,392 Cr.
Triveni Engineering and Industries18.0513.80%132.515,220 Cr.
VA Tech Wabag39.4915.04%235.962,856 Cr.
Thermax Limited57.2814.80%314.969,323 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”)

Concord Enviro Systems IPO Review

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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

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 ₹[] Crores via IPO. The issue is priced at ₹[] per equity share. The IPO is to be listed on BSE & NSE.

When Concord Enviro Systems IPO will open for subscription?

The IPO is to open on 2024 for QIB, NII, and Retail Investors. The IPO will close on 2024.

What is Concord Enviro Systems IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Concord Enviro Systems IPO?

You can apply for Concord Enviro Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Concord Enviro Systems IPO Issue Size?

Concord Enviro Systems IPO issue size is ₹[] crores.

What is Concord Enviro Systems IPO Price Band?

Concord Enviro Systems IPO Price Band is ₹[].

What is Concord Enviro Systems IPO Lot Size?

The minimum bid is [] Shares with ₹[] amount.

What is the Concord Enviro Systems IPO Allotment Date?

Concord Enviro Systems IPO allotment date is 2024.

What is the Concord Enviro Systems IPO Listing Date?

Concord Enviro Systems IPO listing date is 2024. The IPO is to list on BSE & NSE.

Note: The Concord Enviro Systems IPO price band and date are officially announced. The (Concord Enviro Systems IPO grey market premium) will be added to the IPO GMP page as it will start).

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