Concord Enviro Systems IPO: Check IPO Date, Live Subscription and Key Details
Founded in 1999, Concord Enviro Systems Limited is a global leader in Zero Liquid Discharge (ZLD) technology and water treatment solutions. The company offers end-to-end services, including design, manufacturing, O&M, and IoT-driven digitalization to help industries meet sustainability goals. With 377 clients across pharmaceuticals, chemicals, and food & beverage, Concord Enviro operates in North America, Africa, the Middle East, and Asia, serving clients like Grasim Industries, LANXESS India, and Diageo Mexico Operaciones.
Price Range
₹665.0 - ₹701.0
Issue Size
₹500.33 Cr
Lot Size
21 shares
IPO Type
Mainboard
GMP
₹138(+19.69%)
Est. Listing Price
₹839
Estimate Profit
₹2,898
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹5
EPS
0.6
P/E Ratio
1,171.52
RoNW
12.92%
ROE
13.73%
Debt to Equity
0.47
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Timeline
IPO Opens
19 Dec
IPO Closes
23 Dec
Allotment
24 Dec
Listing
27 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 19 December 2024 | Subscription starts |
| IPO Close Date | 23 December 2024 | Subscription ends |
| Allotment Date | 24 December 2024 | Allotment |
| Listing Date | 27 December 2024 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,721 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,91,373 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,06,094 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,86,307 |
BHNIAbove ₹10,00,000 | 68 | ₹10,01,028 |
IPO Objectives
- 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
- General corporate purposes. (collectively, referred to herein as Objects)
Strengths
- The company is a leader in zero liquid discharge (ZLD) technology in India and is positioned to tap into global opportunities in industrial wastewater reuse, ranking among the top two ZLD providers in India by revenue.
- With integrated manufacturing facilities, the company offers a full range of wastewater reuse solutions, ensuring lower costs of ownership for customers throughout the product lifecycle.
- It has a strong international presence, exporting products and services to over 14 countries in Asia, North Africa, Latin America, and Europe as of August 31, 2024.
- The company serves a diverse customer base across various industries and regions.
Weaknesses
- The company relies heavily on its top 10 customers, with over 50% of its revenue coming from them.
- A significant portion of its revenue is tied to contracts in the Order Book, which may be adjusted, canceled, or suspended, meaning the Order Book may not reflect future revenue or profit.
- As of August 31, 2024, the Order Book was ₹501.74 crore, with ₹463.19 crore for Fiscal 2024.
- The company does not own some of its manufacturing facilities and corporate offices, including a proposed assembly unit, and its operations rely on facilities in Vasai and Sharjah.
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Financial Performance
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 640.09 | 627.68 | 592.22 | 536.9 |
| Revenue (₹ Cr.) | 208.02 | 512.27 | 350.5 | 536.9 |
| PAT (₹ Cr.) | 0.52 | 41.44 | 5.49 | 16.48 |
| Net Worth (₹ Cr.) | 319.71 | 320.82 | 279.23 | 266.81 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Praj Industries | 11.32 | 48.98 | 23.11% | 830 |
| Ion Exchange.. | 9.32 | 47.28 | 19.72% | 659 |
| Triveni Engg.. | 3.49 | 32.34 | 10.78% | 1,762 |
Subscription Details
No daily bids available.
No subscription statistics available.
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Company Details
- Concord Enviro Systems Limited
- 101, HDIL Towers, nant Kanekar Marg, Bandra (East), Mumbai-400051
- +91 2267049000
- cs@concordenviro.in
- https://www.concordenviro.in/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- concordenviro.ipo@linkintime.co.in
- https://linkintime.co.in/initial_offer/public-issues.html
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