Concord Enviro IPO is a book built issue of Rs 500.33 crores. The issue is a combination of fresh issue of 0.25 crore shares aggregating to Rs 175.00 crores and offer for sale of 0.46 crore shares aggregating to Rs 325.33 crores.
Concord Enviro IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The allotment for the Concord Enviro IPO is expected to be finalized on Tuesday, December 24, 2024. Concord Enviro IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 27, 2024.
Concord Enviro IPO price band is set at ₹665 to ₹701 per share. The minimum lot size for an application is 21. The minimum amount of investment required by retail investors is ₹14,721. The minimum 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 Limited, Equirus Capital Private Limited are the book running lead managers of the Concord Enviro IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Concord Enviro IPO RHP for detailed information.
Concord Enviro IPO Details
| 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 |
| Share Holding Pre Issue | 1,81,99,800 shares |
| Share Holding Post Issue | 2,06,96,233 shares |
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 the Net Isssue |
Concord Enviro IPO Timeline (Tentative Schedule)
Concord Enviro IPO IPO opens on December 19, 2024, and closes on December 23, 2024.
| 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
Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors 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 |
| Lot Size Calculator | |||
About Concord Enviro Systems Limited
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:-
- The manufacture and sale of 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); and
- Installation of compressed biogas plants (“CBG Plants”).
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.
Competitive Strengths
- 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
Company Financials
Concord Enviro Systems Limited Financial Information (Restated Consolidated)
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 |
| 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 |
Key Performance Indicator
The market capitalization of Concord Enviro IPO is Rs 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 |
Check Concord Enviro IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 22.77 | 0.60 |
| P/E (x) | 30.79 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 2024 that is available in RHP.
Objects of the Issue (Concord Enviro IPO Objectives)
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”)
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Concord Enviro IPO Prospectus
Concord Enviro Systems Limited Contact Details
Concord Enviro Systems Limited
101, HDIL Towers,
nant Kanekar Marg,
Bandra (East), Mumbai-400051
Phone: +912267049000
Email: cs@concordenviro.in
Website: https://www.concordenviro.in/
Concord Enviro IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: concordenviro.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html