Concord Enviro Systems Limited IPO
Concord Enviro Systems Ltd., a global provider of water and wastewater treatment and reuse solutions, has launched its Initial Public Offering (IPO) from December 19-23, 2024. This article provides a detailed overview of the IPO, including key details, financials, important dates for potential investors and issue review.
RI
by RA ALOK DAIYA SEBI Reg. INH000011468
About Concord Enviro Systems Limited
Founded in 1999, Concord Enviro Systems provides comprehensive water treatment solutions globally:
Core Technology Solutions
Specializing in water and wastewater treatment, zero-liquid discharge (ZLD) technology, and integrated solutions with IoT capabilities for monitoring and control.
Global Presence
Serving 377 customers worldwide across North America, Latin America, Africa, Middle East, and Southeast Asia, with significant projects in Mexico and the United States.
Manufacturing Excellence
Two state-of-the-art manufacturing facilities in Vasai (India) and Sharjah (UAE), supported by an in-house R&D team of 21 professionals.
Diverse Industry Coverage
Serving 353 domestic and 24 international customers across pharmaceuticals, chemicals, food and beverage, defence, automotive, steel, and textiles sectors.
Competitive Strengths
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Global Market Leadership
Market leader in ZLD technology, positioned for global opportunities
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International Presence
Established footprint across multiple geographic markets
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Integrated Solutions
End-to-end provider with backward integrated manufacturing
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Diverse Customer Base
Wide range of industries and geographic locations served
These core strengths position Concord Enviro Systems as a leading player in the water treatment solutions industry, building from a diverse foundation to achieve market leadership.
Concord Enviro IPO Details
Motilal Oswal Investment Advisors Limited, Equirus Capital Private Limited are the book running lead managers of the Concord Enviro IPO, while Link Intime India Private Ltd is the registrar for the issue.
Concord Enviro IPO Reservation
Concord Enviro IPO Anchor Investors Details
Concord Enviro IPO successfully raised Rs 150.10 crore from anchor investors through allocation of 21,41,195 shares.
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December 18, 2024
Anchor Bid Date: Allocation of 21,41,195 shares worth Rs 150.10 crore
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January 23, 2025
First lock-in period ends (30 days): Release of 50% anchor investor shares
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March 24, 2025
Final lock-in period ends (90 days): Release of remaining anchor investor shares
Timeline shows key dates for Concord Enviro's anchor investment process, from initial bid to final lock-in period expiration.
Concord Enviro IPO Timeline
Concord Enviro IPO IPO opens on December 19, 2024, and closes on December 23, 2024.
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IPO Open Date: December 19, 2024
Initial Public Offering begins on Thursday
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IPO Close Date: December 23, 2024
Last day to apply, with UPI mandate confirmation by 5 PM
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Basis of Allotment: December 24, 2024
Shares will be allotted to successful applicants on Tuesday
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Refunds & Demat Credit: December 26, 2024
Initiation of refunds and credit of shares to Demat accounts on Thursday
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Listing Date: December 27, 2024
Shares begin trading on stock exchanges on Friday
Concord Enviro IPO Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Lot Size Calculator
Company Financials
(Restated Consolidated)
Concord Enviro Systems Limited's revenue increased by 46% and profit after tax (PAT) rose by 655% between the financial year ending with March 31, 2024 and March 31, 2023.
Amount in ₹ Crore
Key Performance Indicator
The market capitalization of Concord Enviro IPO is Rs 1450.81 Cr.
KPI as of Sun, Mar 31, 2024.
Objects of the Issue
The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:
- 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; and
- General corporate purposes.
IPO Review
Concord Enviro Systems Ltd stands out as a leader in Zero Liquid Discharge (ZLD) technology in India. The company is strategically positioned to capitalize on global opportunities through its comprehensive integrated solutions approach. Their competitive advantage stems from three key factors: fully backward-integrated manufacturing facilities, a diverse customer base spanning multiple industries and geographies, and a strong commitment to innovation backed by robust R&D capabilities.
With their proven track record in water treatment solutions and continued focus on technological advancement, Concord Enviro Systems presents a compelling investment opportunity in the environmental solutions sector.