IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

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

About Concord Enviro Systems IPO

Concord Enviro Systems, a water and wastewater treatment solutions provider backed by AF Holdings, has filed draft papers with SEBI for an IPO to raise ₹192.3 crore. The offering consists of a fresh issue of equity shares worth ₹192.3 crore and an offer-for-sale (OFS) of 51,94,520 shares by existing shareholders. AF Holdings, which holds a 39.07 percent stake in the company, will be selling 47.4 lakh shares, while the Goel family plans to sell 4,54,520 shares through the OFS.

Motilal Oswal Investment Advisors and Equirus Capital Private are the book-running lead managers for this IPO, while Link Intime India will handle the registrar duties. This IPO is expected to enhance the company's financial growth and provide an opportunity for investors to participate in the rapidly expanding water and wastewater treatment industry. Concord Enviro Systems is well-positioned to benefit from the growing demand for sustainable environmental solutions, making this offering a promising investment opportunity.

Industry Outlook:

  1. India faces severe water stress, with per capita water availability at 1.3K m³, driven by population growth and inefficient water management. With 74% of South Asia's population experiencing extreme water stress, global water demand is projected to rise by 20% to 25% by 2050.
  2. Regions like Africa, the Middle East, and parts of South Asia face water scarcity, opening significant opportunities for industrial wastewater treatment. The rising demand for recycled water will benefit Concord Enviro Systems Limited as industries look for sustainable water solutions.

Concord Enviro Systems IPO Objectives

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

  1. Funds will be used for capital expenditure in the U.A.E Project to develop an assembly unit for water treatment systems and plants.
  2. Allocate funds toward investment in Rochem Separation Systems (India) Private Limited.
  3. Proceeds will fund the purchase of plant and machinery for the company’s operations.
  4. Part of the funds will go toward reducing the debt of Concord Enviro FZE.
  5. Investments will help cover working capital requirements for Concord Enviro FZE.
  6. Allocate funds toward investment in Roserve Enviro Private Limited.
  7. A portion of the proceeds will be used for general corporate purposes.

About Concord Enviro Systems Limited

Concord Enviro Systems Limited is a global leader in water and wastewater treatment solutions, specialising in Zero Liquid Discharge (ZLD) technology. The company offers integrated solutions across design, manufacturing, installation, and maintenance. With exports to North America, Africa, and Southeast Asia, Concord Enviro serves over 377 customers globally.

The company’s offerings include effluent treatment plants, anaerobic digestors, membrane bio-reactors, and membrane-based systems like ultra-filtration, nano-filtration, and reverse osmosis. Its advanced waste heat evaporators help industries reduce energy consumption and achieve sustainability goals.

Concord Enviro is backed by strong in-house R&D, developing technologies to lower costs and reduce carbon footprints. With two manufacturing facilities, one in India and another in the UAE, the company is a pioneer in UHPRO technology, enhancing water recovery and reducing energy demand.

Concord Enviro also provides comprehensive operations and maintenance (O&M) services, with a wide customer base across industries such as pharmaceuticals, chemicals, and automotive. The company is recognised for its innovative, energy-efficient solutions, contributing to the global drive for sustainable water management.

Peer Details

The companies considered by Concord Enviro Systems as its peers include:

  1. Praj Industries Limited
  2. Ion Exchange (India) Limited
  3. Triveni Engineering and Industries Limited
  4. VA Tech Wabag Limited
  5. Thermax Limited

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

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ million) 4,968.59 3,432.19 3,293.66
Profit After Tax (PAT) (in ₹ million) 414.39 54.87 164.77
Current Ratio (x) 1.62 1.52 1.73
Net Worth (in ₹ million) 3,208.19 2,792.26 2,668.10
Total Borrowings (in ₹ million) 1,531.87 1,310.61 1,257.56
Return on Equity (%) 13.73 2.00 12.78
Return on Capital Employed (RoCE) (%) 14.07 6.96 10.23
Earnings Per Share (in ₹) 22.77 3.01 9.05

Know before investing

Strengths

6

  1. Concord Enviro is a leader in Zero Liquid Discharge (ZLD) technology in India.

  2. The company offers integrated solutions for industrial wastewater reuse globally.

  3. In-house manufacturing reduces costs and enhances water recovery by 30%.

  4. Established presence in international markets with exports to over 16 countries.

  5. Strong R&D focus with four patents awarded and nine pending.

  6. The company is expanding capacity in membrane modules to meet growing global demand.

Risks

6

  1. Delays or cancellations of contracts may reduce Concord Enviro Systems' projected revenue.

  2. Heavy reliance on the top 20 customers could affect Concord Enviro Systems' revenue stability.

  3. Increased compliance costs may arise from Concord Enviro Systems' contracts with government clients.

  4. Shortfalls in raw material supply could impact Concord Enviro Systems' product pricing and supply.

  5. Location-specific risks like natural disasters may disrupt Concord Enviro Systems' manufacturing operations.

  6. Failure to develop new products may impact Concord Enviro Systems' future growth.

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Concord Enviro Systems IPO FAQs

What is the Concord Enviro Systems IPO?

Concord Enviro Systems IPO is a book built IPO. The exact dates and price range have yet to be announced.

When will Concord Enviro Systems IPO be allotted?

The date of the basis of allotment has not yet been announced.

When will Concord Enviro Systems IPO open for subscription?

The IPO subscription window is not announced yet.

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 yet to be announced.

When will Concord Enviro Systems Limited list on exchanges?

The exact date is not announced yet.

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’ financial statements, download the IPO’s  RHP document.