Concord Enviro Systems IPO Details: The Concord Enviro Systems IPO is scheduled to open on December 19, 2024, and close on December 23, 2024. This Book Built Issue aims to raise approximately ₹500.33 crores, with ₹175 crores from a fresh issue and an offer for sale of up to 46,40,888 equity shares, each with a face value of ₹5.
The IPO’s price band is set between ₹665 and ₹701 per share. The allocation includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). The shares are expected to list on the NSE on December 27, 2024, with the allotment date scheduled for December 24, 2024.
For the financial year 2024, the company reported a revenue of ₹512.27 crores, up from ₹350.50 crores in 2023. Net profit also saw significant growth, rising to ₹41.44 crores in 2024 from ₹5.49 crores in the previous year. Based on these financials, investors are encouraged to consider the IPO for long-term investment potential.
Concord Enviro Systems 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”)
Concord Enviro Systems IPO Review (Apply or Not)
- May Apply
Concord Enviro Systems IPO Date & Price Band 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 Lot Size:
The minimum market lot for the Concord Enviro Systems IPO is 21 shares, with an application amount of ₹14,721. Retail investors have the option to apply for up to 13 lots, totaling 273 shares, with an investment amount of ₹1,91,373.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 21 | ₹14,721 |
| Retail Maximum | 13 | 273 | ₹1,91,373 |
| S-HNI Minimum | 14 | 294 | ₹2,06,094 |
| B-HNI Minimum | 68 | 1,428 | ₹10,01,028 |
Concord Enviro Systems IPO Timeline:
The Concord Enviro Systems IPO will open on December 19, 2024, and close on December 23, 2024. The allotment will be finalized on December 24, 2024, and the shares are set to be listed 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 |
Concord Enviro Systems IPO GMP Today:
The latest GMP for the Concord Enviro Systems IPO is ₹70. With the upper price band set at ₹701, the estimated listing price of the IPO is ₹771 (cap price plus today’s GMP). This reflects an expected gain of 9.99% per share.
Promoters of Concord Enviro Systems IPO
The promoters of Concord Enviro Systems are Prayas Goel and Prerak Goel.
About Concord Enviro Systems IPO
Concord Enviro Systems Limited, established in July 1999, specializes in water provision and wastewater reuse through its advanced Zero-Liquid Discharge (ZLD) technology. The company has built a strong reputation for prioritizing customer satisfaction and fostering long-term relationships. As a result, it serves approximately 353 domestic and 24 international customers across industries such as pharmaceuticals, chemicals, food and beverage, defense and energy, automotive, steel, and textiles.
The company has a significant global presence, exporting to regions including North America, Latin America, Africa, the Middle East, and Southeast Asia. Notably, Concord Enviro Systems has seen impressive growth in revenue, increasing from ₹329.37 crores in 2022 to ₹496.86 crores in 2024. The net income for 2024 stands at ₹41.44 crores. The company operates two manufacturing facilities—one in Vasai, Maharashtra, India, and another 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 |
| August 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. |
Concord Enviro Systems IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: concordenviro.ipo@linkintime.co.in
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?
The Concord Enviro Systems IPO is a main-board offering aiming to raise ₹500.33 crores. The issue price is set between ₹665 and ₹701 per equity share, and the IPO will be listed on both BSE and NSE.
When will the Concord Enviro Systems IPO open for subscription?
The IPO will open on December 19, 2024, for QIB, NII, and retail investors, and will close on December 23, 2024.
What is the Concord Enviro Systems IPO Investors’ Portion?
The investor allocation is as follows: 50% for QIB, 15% for NII, and 35% for retail investors.
How to Apply for the Concord Enviro Systems IPO?
You can apply for the Concord Enviro Systems IPO through the ASBA process online via your bank account or UPI through your stock broker. Alternatively, you can apply offline by filling out the application form through your stock broker.
What is the Concord Enviro Systems IPO Issue Size?
The issue size of the Concord Enviro Systems IPO is ₹500.33 crores.
What is the Concord Enviro Systems IPO Price Band?
The price band for the Concord Enviro Systems IPO is ₹665 to ₹701 per share.
What is the Concord Enviro Systems IPO Lot Size?
The minimum lot size for the IPO is 21 shares, with an application amount of ₹14,721.
What is the Concord Enviro Systems IPO Allotment Date?
The allotment date for the Concord Enviro Systems IPO is December 24, 2024.
What is the Concord Enviro Systems IPO Listing Date?
The Concord Enviro Systems IPO will be listed on BSE and NSE on December 27, 2024.
