Concord Enviro IPO - Day 3 Subscription at 2.04 Times

The final day of Concord Enviro's initial public offering has concluded with positive momentum, reaching an overall subscription of 2.04 times by 11:44 AM on December 23, 2024. This closing performance demonstrates growing investor confidence in the company's water and wastewater treatment solutions business, particularly its zero-liquid discharge (ZLD) technology offerings.

Concord Enviro IPO subscription pattern reveals strong retail investor conviction, with this segment reaching 3.01 times subscription. The Non-Institutional Investors have shown robust participation at 2.35 times, with particularly strong interest from smaller NIIs at 4.29 times compared to larger NIIs at 1.38 times. While the QIB portion stands at 0.02 times, this should be viewed alongside the substantial anchor book of ₹150.098 crores that provides strong institutional backing.
 

Subscription Status of Concord Enviro IPO:

*As of 11:44 AM

Here are the subscription details for Concord Enviro IPO as of Day 3 (23rd December 2024, 11:44 AM):

Total Applications: 3,49,744

Concord Enviro IPO Key Highlights Day 3:

• Overall subscription concluded strongly at 2.04 times, with total bids worth ₹717.675 crores
• Retail investors maintained robust interest with 3.01 times subscription, worth ₹536.332 crores
• NII category showed significant strength at 2.35 times, with impressive sNII participation at 4.29 times
• Total bids received for 1.02 crore shares, indicating substantial market interest
• Applications reached 3,49,744, showing broad-based investor participation
• Final day response reflected growing confidence in environmental technology sector
• Strong retail and NII participation suggested belief in growth prospects
• Subscription pattern indicated recognition of company's market position

Concord Enviro IPO - Day 3 Subscription at 1.25 Times

Key Highlights Day 2:

• Overall subscription improved to 1.25 times, showing steady progress
• Retail investors demonstrated growing confidence with 2.02 times subscription
• NII category crossed full subscription at 1.01 times
• Smaller NIIs showed particular interest with 2.2 times subscription
• Day two response indicated building momentum
• Subscription trend suggested increasing market recognition
• Pattern showed methodical evaluation of prospects
• Strong improvement from opening day levels

Concord Enviro IPO - Day 1 Subscription at 0.60 Times

Key Highlights Day 1:

• Overall subscription began at 0.60 times, reflecting measured initial response
• Retail investors showed early confidence with 1.04 times subscription
• NII category started with 0.35 times subscription
• Strong anchor book provided institutional foundation
• Opening day response indicated careful market assessment
• Initial subscription trend suggested thorough evaluation
• First-day momentum established solid base
• Pattern reflected systematic market approach

About Concord Enviro Systems Limited: 

Founded in July 1999, Concord Enviro Systems Limited has established itself as a global leader in water and wastewater treatment solutions, with particular expertise in zero-liquid discharge (ZLD) technology. Their comprehensive service portfolio spans the entire value chain, including design, manufacturing, installation, operation and maintenance, and digital solutions through IoT integration.

With manufacturing facilities in both Vasai, India, and Sharjah, UAE, the company serves a diverse customer base of 377 clients worldwide, including 353 domestic and 24 international customers across pharmaceuticals, chemicals, food and beverage, and other industries. Their innovation capabilities are supported by an in-house R&D team of 21 professionals, while their global reach extends across North America, Latin America, Africa, the Middle East, and Southeast Asia. The company has demonstrated strong financial performance, achieving 46% revenue growth and 655% PAT increase between FY2023 and FY2024.
 

Highlights of the Concord Enviro IPO:

• IPO type: Book Built Issue
• IPO size: ₹500.33 crores
• Fresh Issue: ₹175.00 crores
• Offer for Sale: ₹325.33 crores
• Face value: ₹5 per share
• Price band: ₹665 to ₹701 per share
• Lot size: 21 shares
• Minimum investment for retail investors: ₹14,721
• Minimum investment for sNII: ₹2,06,094 (14 lots)
• Minimum investment for bNII: ₹10,01,028 (68 lots)
• Listing at: BSE, NSE
• IPO opens: December 19, 2024
• IPO closes: December 23, 2024
• Allotment date: December 24, 2024
• Refund initiation: December 26, 2024
• Credit of shares: December 26, 2024
• Listing date: December 27, 2024
• Lead Managers: Motilal Oswal Investment Advisors Limited, Equirus Capital Private Limited
• Registrar: Link Intime India Private Ltd

The initial day's subscription pattern suggests a thoughtful market approach to evaluating Concord Enviro's position in the growing environmental solutions sector, with investors carefully assessing both the opportunities and challenges in the global water treatment market.