Concord Enviro Systems IPO

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

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

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

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