Concord Enviro IPO
IPO Listing Details
- Listing Date
27 Dec 2024
- Listing Price
₹832.00
- Listing Change
18.69%
- Last Traded Price
₹827.10
IPO Details
- Open Date
19 Dec 2024
- Close Date
23 Dec 2024
- IPO
Price Range
₹ 665 - ₹ 701
- IPO
Size
₹ 500.33 Cr
- Listing Exchange
BSE, NSE
- Listing Date
27 Dec 2024
IPO Timeline
Concord Enviro IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Dec-24 | 0 | 0.35 | 1.03 | 0.6 |
| 20-Dec-24 | 0.01 | 1.01 | 2.01 | 1.24 |
| 23-Dec-24 | 17.32 | 14.2 | 5.56 | 10.67 |
Last Updated: 23 December 2024 6:05 PM by 5Paisa
Concord Enviro Systems IPO is set to open on 19 December 2024 and will close on 23 December 2024. Concord Enviro Systems provides global water and wastewater treatment solutions, including ZLD technology.
The IPO is a combination of an offer for sale of 0.46 Cr shares aggregating to ₹325.33 Cr and a fresh issue of 0.25 Cr shares aggregating to ₹175.00 Cr . The price range is set at ₹665 to ₹701 per share and the lot size is 21 shares.
The allotment is scheduled to be finalised on 24 December 2024. It will go public on BSE NSE, with a tentative listing date of 27 December 2024.
Motilal Oswal Investment Advisors Ltd, and Equirus Capital Pvt Ltd are the book running lead managers, while Link Inktime India Pvt Ltd is the registrar.
Concord Enviro IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹500.33 Cr. |
| Offer For Sale | ₹325.55 Cr. |
| Fresh Issue | ₹175.00 Cr |
Concord Enviro IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | 13,965 |
| Retail (Max) | 13 | 273 | 181,545 |
| S-HNI (Min) | 14 | 294 | 195,510 |
| S-HNI (Max) | 67 | 1,407 | 935,655 |
| B-HNI (Min) | 68 | 1,428 | 949,620 |
Concord Enviro IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 17.32 | 13,79,122 | 2,38,82,166 | 1,674.140 |
| NII (HNI) | 14.2 | 10,90,870 | 1,54,88,340 | 1,085.733 |
| Retail | 5.56 | 25,45,364 | 1,41,62,841 | 992.815 |
| Total** | 10.67 | 50,15,356 | 5,35,33,347 | 3,752.688 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Concord Enviro IPO Anchor Allocation
| Anchor Bid Date | 18 December, 2024 |
| Shares Offered | 21,41,195 |
| Anchor portion Size (In ₹ Cr.) | 150.10 |
| Anchor lock-in period end date for 50% shares (30 Days) | 23 January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 24 March, 2025 |
1. Fund Concord Enviro FZE’s greenfield assembly unit for water and wastewater treatment systems (UAE Project).
2. Expand RSSPL’s manufacturing, storage, and support facilities (Vasai Project).
3. Purchase plant and machinery for the company.
4. Repay or prepay borrowings of Concord Enviro FZE.
5. Provide working capital for Concord Enviro FZE.
6. Invest in Reserve Enviro Private Limited for pay-per-use water treatment services.
7. Support technology upgrades and market expansion initiatives.
8. General corporate purposes
Concord Enviro Systems Limited, founded in 1999, provides global water and wastewater treatment solutions, including ZLD technology. With expertise across design, manufacturing, installation, and digitalization, it serves 377 customers across industries worldwide. The company operates two manufacturing units in India and the UAE and boasts market leadership in ZLD technology.
Established in: 1999
Chairman & MD: Mr. Prayas Goel
Clients: Diageo Mexico, Grasim Industries, LANXESS India and over 353 domestic, and 24 international customers.
Peers
Praj Industries Ltd.
Ion Exchange (India) Ltd.
Triveni Engineering & Industries Ltd.
VA Tech Wabag Ltd.
Thermax Ltd.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 512.27 | 350.50 | 337.57 |
| EBITDA | 81.15 | 49.58 | 61.43 |
| PAT | 41.44 | 5.49 | 16.48 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 627.68 | 592.22 | 536.90 |
| Share Capital | 9.10 | 9.10 | 0.43 |
| Total Borrowings | 153.19 | 131.06 | 125.76 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -34.67 | 117.36 | 49.03 |
| Net Cash Generated From / (used in) investing activities | -3.27 | -49.83 | -27.89 |
| Net Cash Generated From / (used in) financing activities | -4.07 | -26.88- | -11.97 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -42.00 | 40.65 | 9.18 |
Strengths
1. The company is all set to capitalise on opportunities in wastewater reuse and zero liquid discharge.
2. It operates on backward integrated manufacturing facilities.
3. The company enjoys a diversified customer base across industry sectors and geographies.
4. Experienced Promoters and Senior Management.
Risks
1. The business is subject to environmental and workers’ health and safety laws and regulations.
2. It has higher working capital requirements.
3. The company operates in a competitive environment.
4. It is highly dependent on a limited number of customers for revenue.
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FAQs
Concord Enviro Systems IPO opens from 19 December to 23 December 2024.
The size of Concord Enviro Systems IPO is ₹500.33 Cr.
The price of Concord Enviro Systems IPO is fixed at ₹665 to ₹701 per share.
To apply for Concord Enviro Systems IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Concord Enviro Systems IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Concord Enviro Systems IPO is 21 shares and the investment required is ₹13,965.
The share allotment date of Concord Enviro Systems IPO is 24 December 2024
The Concord Enviro Systems IPO will be listed on 27 December 2024.
Motilal Oswal Investment Advisors Ltd, and Equirus Capital Pvt Ltd are the book running lead managers for Concord Enviro Systems IPO.
Concord Enviro Systems plans to utilise the raised capital from the IPO for:
1. Fund Concord Enviro FZE’s greenfield assembly unit for water and wastewater treatment systems (UAE Project).
2. Expand RSSPL’s manufacturing, storage, and support facilities (Vasai Project).
3. Purchase plant and machinery for the company.
4. Repay or prepay borrowings of Concord Enviro FZE.
5. Provide working capital for Concord Enviro FZE.
6. Invest in Reserve Enviro Private Limited for pay-per-use water treatment services.
7. Support technology upgrades and market expansion initiatives.
8. General corporate purposes
Concord Enviro Systems plans to utilize the raised capital from the IPO to:
1. To invest in a Subsidiary, CEF about financing the construction of the Assembly Unit and working capital requirements
2. Funding the working capital requirements of RSSPL
3. Re-pay or prepay debt availed by the Company and its subsidiaries RSSPL, BWT and CEF
4. General corporate purposes
Contact Information
Concord Enviro
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 Register
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
Concord Enviro IPO Lead Manager
Motilal Oswal Investment Advisors Limited
Equirus Capital Private Limited