IPO Details
RHP/DRHPIssue Date
--
Investment/lot
₹ 14721
Price Range
665 - 701
Lot Size
21
IPO Size
₹ 500.33 Cr
IPO Listing Details
Listing On
27 Dec'24
Issue Price
701
Listed Price
₹ 826
Retail Gain/Listing Gain
▲17.83%
Schedule of Concord Enviro Systems IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
27/12/2024
About Concord Enviro Systems IPO
Concord Enviro Systems Limited IPO is an IPO of ₹175 crores. It consists of an offer for sale of ₹325 crores (24,96,433 shares) and a fresh issue of 24,96, 433 shares (aggregating to ₹175 crores). The Anchor investor bid date is Dec 18, 2024. The shares will be credited to the demat account on Dec 26, 2024 and the refunds will be initiated on Dec 26, 2024.
Objectives of Concord Enviro Systems IPO:
- Fund growth capital expenditure.
- Repayment/prepayment of certain borrowings.
- General corporate purposes
Concord Enviro Systems IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | ₹701 |
Existing Shares to be Sold | 46,40,888 equity shares of ₹5 each (Offer for Sale) |
Fresh Issue | 24,96,433 shares |
Market Capitalisation (₹) | ₹1450 crore |
EPS (₹) | 22.7 (FY24) |
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 |
IPO Share offer and Subscription Details
| 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 less than 15% of the Net Issue |
Comparison with peers
| Name of the company | Face Value per equity share | P/E as on December 6 | Revenue from Operations | Earnings/loss per share for continuing and discontinued operations | RoNW% | Net asset value per equity share |
|---|---|---|---|---|---|---|
Concord Enviro Systems Ltd | 5 | N.A. | 4968.59 | 22.77 | 12.92% | 177.23 |
Praj Industries Limited | 2 | 51.39 | 35097.77 | 15.42 | 22.24% | 69.35 |
Ion Exchange India Limited | 1 | 43.28 | 23917.3 | 16.53 | 19.24% | 86.15 |
Triveni Engineering and Industries Limited | 1 | 24.86 | 52,200.93 | 18.05 | 13.80% | 132.51 |
Anchor Investor Information
The anchor investor bidding will happen on Dec 18, 2024.
IPO Registrar and Book Running Lead Managers
- Motilal Oswal Investment Advisors Limited
- Equirus Capital Private Limited
Registrar for the IPO is Link Intime India Private Limited
Business Model
EPC Projects: Providing turnkey engineering solutions. Annual Maintenance Services: Post-commissioning services. Equipment Sales: Standalone water treatment equipment
Company Growth Trajectory
Revenue: Grew from ₹3,293.66 million in FY22 to ₹4,968.59 million in FY24. Profit After Tax: Increased from ₹164.7 million in FY22 to ₹414.39 million in FY24
Company Market Position
Concord Enviro Systems Limited is positioned as a leader in sustainable water and wastewater management solutions. It leverages its robust technical expertise, serving a global client base in North America, Latin America, Africa, the Middle East, and Southeast Asia
All Financial Information about Concord Enviro Systems
Comprehensive financial data, including revenue, profit/loss statements, EBITDA, and other critical metrics.
Particulars (in Rs. million)
Particulars (in Rs. million)
Key Financial Information about Concord Enviro Systems
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income (₹M) | 3,375.70 | 3504.97 | 5122.74 |
PBT (₹M) | 185.31 | 75.53 | 439.97 |
PAT (₹M) | 164.77 | 54.87 | 414.39 |
EPS (₹) | 9.05 | 3.01 | 22.77 |
EBITDA Margin (%) | 614.27 | 495.84 | 811.47 |
Concord Enviro Systems IPO Risk Factors
- Project Delays: Dependency on large-scale contracts and project timelines.
- Competition: Intense competition from global and domestic players.
- Economic Fluctuations: Changes in client budgets may affect revenues
Industry Outlook
The industrial water treatment industry focuses on treating raw water and wastewater for environmentally compliant discharge. Population growth, climate change, elevated total dissolved solids and earlier inefficient management practices severely hampered proper treatment of water. However, an identification of the lacuna and a better understanding of water resources and their treatment have led to a boom in water treatment services across the country. Major sectors served include refineries, power, chemicals, and pharmaceuticals.
Company Information
Concord Enviro Systems Limited is a leading player in industrial water and wastewater management solutions. The company specialises in integrated engineering, procurement, and construction (EPC) projects and provides advanced solutions for industries like refineries, textiles, pharmaceuticals, and power
Concord Enviro Systems IPO Strengths:
Expertise in ZLD technology in India, the company is well-placed to harness global industry opportunities.
Integrated solutions provider supported by backward integrated manufacturing facilities
Established presence in international markets
Cash Flow Statements
| Cash Flow Metric | FY22 (₹ Mn) | FY23 (₹ Mn) | FY24 (₹ Mn) |
|---|---|---|---|
Profit for the Year | 185.31 | 75.53 | 439.97 |
Net Cash from Operating Activities | 490.34 | 1173.63 | (346.68) |
Net Cash from Investing Activities | (278.85) | (498.30) | (32.69) |
Net Cash from Financing Activities | (119.70) | (268.79) | (40.67) |
Cash & Cash Equivalents (End) | 91.79 | 406.54 | (420.04) |
How To Check Allotment Status of Concorde Enviro Engineers IPO?
You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Link InTime India Pvt Ltd. To check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Concorde Enviro Engineers Ltd
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the LinkIntime website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Concorde Enviro Engineers Ltd from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
Concord Enviro Systems IPO Review | Issue details | Financials | Key Highlights
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Concord Enviro Systems IPO FAQs
When is Concord Enviro Systems IPO listing date?
Concord Enviro Systems IPO will list on 2024-12-27.
What is the issue size of Concord Enviro Systems IPO?
500.33 is the issue size of Concord Enviro Systems IPO.
What is the minimum lot size required for Concord Enviro Systems IPO?
The minimum lot size is 21 shares and the investment required is ₹14721.
What is the price band of the Concord Enviro Systems IPO?
The price band of Concord Enviro Systems IPO is ₹665 to ₹701.
Where can I read more about Concord Enviro Systems business?
You can read more about Concord Enviro Systems and its IPO from the company’s red herring prospectus (RHP) here.
What is the Concorde Enviro Engineers Limited IPO?
The Concorde Enviro Engineers Limited IPO has an issue size of ₹500.33 crores. The IPO opens for subscription on 19/12/2024 and closes on 23/12/2024.
Who is the Registrar for Concorde Enviro Engineers Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
