IPO Details

Bidding Dates

18 Dec '24 - 22 Dec '24

Minimum Investment

₹14,721 / 1 Lot (21 Shares)

Price Range

₹665 - ₹701

Maximum Investment

₹1,91,373 / 13 Lot (273 Shares)

Retail Discount

Not Applicable

Issue Size

₹500.33 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Concord Enviro Systems IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 18, 2024

IPO Closing Date

Dec 22, 2024

Basis of Allotment

Dec 23, 2024

Initiation of Refunds

Dec 25, 2024

IPO Listing Date

Dec 26, 2024

Concord Enviro IPO Subscription Details (times)

DateQIBNIIRetailTotal

Day 1Dec 18, 2024

 0 0.35 1.04 0.6

About Concord Enviro Systems IPO

The Concord Enviro IPO, valued at ₹500.33 crores, combines a fresh issue and an offer for sale. The fresh issue involves 0.25 crore shares amounting to ₹175.00 crores, while the offer for sale comprises 0.46 crore shares totalling ₹325.33 crore. The IPO subscription opens today, and closes on December 23, 2024, with the allotment set for December 24, 2024. The IPO is slated to list on the BSE and NSE on December 27, 2024. 

Shares are priced between ₹665 and ₹701. Retail investors must buy a minimum of 21 shares, costing ₹14,721. Strategic non-institutional investors (sNII) can purchase a minimum of 14 lots (294 shares) for ₹2,06,094, and big non-institutional investors (bNII) 68 lots (1,428 shares) for ₹10,01,028. Motilal Oswal Investment Advisors Limited and Equirus Capital Private Limited are managing the IPO, with Link Intime India Private Ltd as the registrar.

Industry Outlook

  1. India’s per capita water availability may decline to 1,140 cubic meters by 2050, intensifying the need for robust wastewater treatment and resource management.
  2. India generates over 72,000 million litres of wastewater daily, highlighting the urgent need for 4,500+ sewage treatment plants (STPs) across urban and semi-urban areas.

Concord Enviro Systems IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Investment in the wholly owned subsidiary, Concord Enviro FZE (“CEF”), to finance capital expenditure for the greenfield project in the U.A.E, aimed at developing an assembly unit for water treatment systems, wastewater systems, and related membrane modules.
  2. Capital investment in the wholly owned subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”), to expand manufacturing facilities, storage, and support activities for the Vasai Project.
  3. Funding capital expenditure requirements for the purchase of plant and machinery for the parent company.
  4. Investment in Concord Enviro FZE to prepay or repay, in full or in part, certain outstanding borrowings of Concord Enviro FZE.
  5. Allocation of funds to Concord Enviro FZE for covering working capital needs.
  6. Investment in the joint venture, Roserve Enviro Private Limited, to enhance the pay-per-use/pay-as-you-treat business model.
  7. Investment in technology and other growth initiatives to access new markets.
  8. Allocation for general corporate purposes.

About Concord Enviro Systems Limited 

Founded in July 1999, Concord Enviro Systems Limited is a leading global provider of water and wastewater treatment solutions, specialising in zero-liquid discharge (ZLD) technology. The company offers comprehensive in-house services across the entire value chain, including design, manufacturing, installation, operation, maintenance, and digitalisation like IoT. Concord Enviro is dedicated to enhancing energy efficiency and recovery, supporting industries in achieving their water conservation and sustainability objectives.

The company's offerings include manufacturing and selling treatment systems and plants, providing turnkey solutions, operations and maintenance services, and selling consumables and spare parts. It also installs compressed biogas plants. With two manufacturing facilities in Vasai, India, and Sharjah, UAE, Concord Enviro has a robust presence in multiple regions including North America, Latin America, Africa, the Middle East, and Southeast Asia, serving a diverse client base of over 377 customers worldwide as of March 31, 2024.

How To Check the Allotment Status of the Concord Enviro Systems IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Concord Enviro Systems IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Concord Enviro Systems IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Concord Enviro Systems IPO 

Registered office: 101, HDIL Towers, Anant Kanekar Marg, Bandra (East), Mumbai- 400051, Maharashtra, India 

Phone: +91-22-67049000

E-mail: cs@concordenviro.in

Concord Enviro Systems 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 more than 15% of the Net Isssue

Concord Enviro Systems IPO Lot Size

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

Key Performance Indicators for Concord Enviro Systems IPO

As of March 31, 2024, the market capitalisation of Newmalayalam Steel's IPO is ₹1450.81 crore. Here are the KPIs of Newmalayalam Steel:

KPI

Value

ROE (%)

13.73%

ROCE (%)

14.07%

Debt/Equity (x)

0.47

RoNW (%)

12.92%

PAT Margin (%)

8.34%

Price to Book Value (x)

3.96

Price Metrics

Metric

Pre-IPO

Post-IPO

P/E (x)

22.77

0.60

EPS (₹)

30.79

1,171.52

Concord Enviro Systems IPO Prospectus

Concord Enviro Systems IPO Registrar and Lead Managers

Concord Enviro Systems IPO Lead Managers

  • Motilal Oswal Investment Advisors Limited 
  • Equirus Capital Private Limited

Registrar for Concord Enviro Systems IPO

Link Intime India Private Ltd

  • Contact Number: +91-22-4918 6270
  • Email Address: concordenviro.ipo@linkintime.co.in

Website: Concord Enviro Systems IPO Registrar

Financial Performance of Concord Enviro Systems Limited

Particulars For period ended August 31, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ million) 2,061.71 4,968.59 3,432.19 3,293.66
Profit After Tax (PAT) (in ₹ million) 5.16 414.39 54.87 164.77
Debt to Equity Ratio (x) 0.52 0.47 0.47 0.47
Net Worth (in ₹ million) 3,197.12 3,208.19 2,792.26 2,668.10
Total Borrowings (in ₹ million) 1,675.33 1,531.87 1,310.61 1,257.56
Return on Equity (%) 0.16% 13.73 2.00 12.78
Net Working Capital Days 130 154 180 209
Return on Capital Employed (RoCE) (%) 2.08% 14.07 6.96 10.23
Earnings Per Share (in ₹) 0.28 22.77 3.01 9.05

Know before investing

Strengths

12

  1. As of Fiscal 2024, the company ranks among India's top two ZLD solution providers.

  2. The company exports its innovative solutions to North America, Europe, Africa, and Asia.

  3. The company manage a full spectrum of services from design to operation and maintenance, including IoT integration.

  4. The company developed UHPRO technology, cutting energy consumption by 30%.

  5. They offer integrated solutions for a wide range of industrial wastewater needs.

  6. The global recycling and reuse wastewater market is projected to grow from US$30B to US$48.6B at a CAGR of 10.1%.

  7. The company operates from two major manufacturing facilities in Vasai, India, and Sharjah, UAE.

  8. The company has established long-term O&M contracts with 146 clients as of August 31, 2024.

  9. Their operations span over 14 countries globally.

  10. By August 31, 2024, they served 289 domestic and 21 international customers.

  11. The company demonstrates robust revenue growth and maintains healthy EBITDA margins.

  12. The company has successfully developed and implemented five distinct membranes, enhancing the efficiency of water treatment.

Risks

12

  1. Dependence on manufacturing facilities risks operational disruptions and financial losses.

  2. Exposure to operational hazards such as equipment failures and natural disasters.

  3. Low capacity utilisation leads to increased production costs, reducing profitability.

  4. Dependence on a limited number of customers enhances vulnerability to demand fluctuations.

  5. Requirement for continuous electricity and water supply poses operational risks.

  6. Compliance with stringent environmental regulations incurs significant costs and liabilities.

  7. Potential for workplace accidents could lead to injuries and legal liabilities.

  8. Necessity for ongoing regulatory approvals and licenses is crucial for operation.

  9. Intense competition in the wastewater treatment industry pressures margins and market share.

  10. Dependence on technological innovation requires substantial investment in R&D.

  11. Risks associated with international operations include regulatory and market differences.

  12. Potential adverse effects from changes in government regulations and policies.

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Concord Enviro Systems Limited Peer Details Comparison

Company Name EPS (Basic) (₹) NAV (per share) (₹) P/E (x) RoNW (%)
Concord Enviro Systems Limited 22.77 177.23 - 12.92
Praj Industries Ltd. 15.42 69.35 51.39 22.24
Ion Exchange (India) Ltd. 16.53 86.15 43.28 19.24
Triveni Engineering & Industries Ltd. 18.05 132.51 24.86 13.8
Va Tech Wabag Ltd. 39.49 235.96 48.28 15.04
Thermax Ltd. 57.28 314.96 81.3 14.8

Concord Enviro Systems IPO FAQs

What is the Concord Enviro Systems IPO?

Concord Enviro Systems IPO is a book-built issue IPO. It will be open from December 19, 2024, to December 23, 2024.

When will Concord Enviro Systems IPO be allotted?

The Basis of Allotment will happen on Tuesday, December 24, 2024.

When will Concord Enviro Systems IPO open for subscription?

The IPO subscription window will open on December 19, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 21 shares.

When will Concord Enviro Systems Limited list on exchanges?

The listing date for Concord Enviro Systems Limited is Friday, December 27, 2024.

What is the issue size of Concord Enviro Systems IPO?

The issue size of the Concord Enviro Systems IPO is up to ₹500.33 crore, with a fresh issue of ₹ 175.00 crore and an offer for sale of ₹325.33 crore.

What are the open and close dates of the Concord Enviro Systems IPO?

The open and close dates for Concord Enviro Systems IPO are from December 19, 2024, to December 23, 2024.

What would be the listing gains on the Concord Enviro Systems IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Concord Enviro Systems IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

 

How do I approve the UPI mandate request for Concord Enviro Systems IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Concord Enviro Systems Limited using one PAN?

You can submit only one application using your PAN card.

How to read Concord Enviro Systems Limited's financial statements?

To read Concord Enviro Systems’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for Concord Enviro Systems Limited IPO?

Pre-apply allows investors to apply for the Concord Enviro Systems IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Concord Enviro Systems Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Concord Enviro Systems Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Concord Enviro Systems IPO?

Link Intime India Private Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Concord Enviro Systems IPO getting listed?

Concord Enviro Systems Limited IPO is proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).