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Concord Enviro Systems Ltd

Capital Goods-Non Electrical Equipment

Offer Period :

19th to 23rd Dec 2024

Concord Enviro Systems Ltd IPO Details

IPO Date 19th to 23rd Dec 2024 Minimum Investment ₹14721 / 1 Lots
Listing Date 2024-12-27 Maximum Investment ₹191373 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹500.33 Crores
Price ₹701 to ₹701 per share Fresh Issue ₹175 Crores
Lot Size 1 Lots (21 Shares) Offer For Sale ₹ 325.33
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 19th to 23rd Dec 2024
Listing Date 2024-12-27
Face Value ₹5 per share
Price ₹701 to ₹701 per share
Lot Size 1 Lots (21 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14721 / 1 Lots
Maximum Investment ₹191373 / 13 Lots
Total Issue Size ₹500.33 Crores
Fresh Issue ₹175 Crores
Offer For Sale
Retail Discount ₹ 0

About Concord Enviro Systems Ltd

Concord Enviro Systems Ltd specializes in zero liquid discharge and industrial wastewater reuse, leasing effluent treatment plants and advanced systems. Offering comprehensive services and digital solutions, they emphasize sustainability, providing in-house capabilities for design, manufacturing, installation, and maintenance. Serving 356 domestic and 27 international clients, they prioritize water conservation
 

Founded in July 1999, Concord Enviro Systems Limited is a prominent global provider of water and wastewater treatment solutions, including advanced Zero-Liquid Discharge (ZLD) technology. The company offers comprehensive, in-house solutions spanning the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization powered by IoT. Concord Enviro Systems focuses on integrated wastewater treatment and ZLD solutions with an emphasis on energy optimization and recovery, helping industries meet water conservation and sustainability objectives.
 

The company's operations are segmented into manufacturing and sale of water treatment systems, turnkey solutions, consumables and spare parts, O&M services, and compressed biogas (CBG) plant installations. As of March 31, 2024, Concord Enviro Systems has built a strong global presence, serving 377 customers across North America, Latin America, Africa, the Middle East, and Southeast Asia. Domestically, they have catered to 353 clients spanning industries like pharmaceuticals, chemicals, food & beverage, defence, automotive, steel, and textiles. The company’s competitive edge lies in its integrated manufacturing facilities in Vasai, India and Sharjah, UAE, and a dedicated R&D team driving innovation.
 

With notable projects for multinational companies such as Diageo Mexico Operaciones and key clients like Grasim Industries Limited and LANXESS India, Concord Enviro Systems solidifies its leadership in ZLD technology in India and its growing influence in international markets. Their robust customer diversification across industries and geographies positions the company for sustained growth in the global water management sector.

Industry Outlook of Concord Enviro Systems IPO

The water and wastewater treatment industry is expected to witness significant growth, driven by the following factors:
 

Rising Demand for Industrial Water Reuse and Zero Liquid Discharge (ZLD) Solutions: Increasing industrialization, stricter environmental regulations, and water scarcity issues are pushing industries to adopt water recycling technologies such as ZLD. Concord Enviro Systems is well-positioned in this segment, being a leader in ZLD solutions in India by revenue in FY 2021.
 

Technological Advancements in Membrane-Based Systems: The development of ultra-high pressure reverse osmosis (UHPRO) systems, which reduce energy consumption by approximately 50%, is revolutionizing the industry. Concord Enviro's proprietary UHPRO systems are set to capture a larger market share due to their efficiency.
 

Growth in Pay-Per-Use Models: Industries are moving toward operational efficiency by opting for rental models over capital-heavy investments. Concord Enviro’s "pay as you treat" model provides flexibility, helping companies meet regulatory and production demands without upfront expenditure.
 

International and Domestic Market Expansion: Concord Enviro serves over 350 domestic and 27 international clients, spanning various industries including pharmaceuticals, chemicals, and food & beverages. The company's extensive portfolio and cross-industry expertise make it a competitive player in both domestic and global markets.
 

The industry’s outlook is positive, and with the increasing focus on sustainability and water conservation, Concord Enviro Systems stands to benefit from the projected growth in water treatment solution

Timeline

Important dates for allocation and IPO listing.

19th Dec

IPO Starts

23rd Dec

IPO Ends

24th Dec

Allotment Date

26th Dec

Initiation of Refund

26th Dec

Credit of Shares to Demat Account

27th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 60.93 51.39
Public Group 39.07 48.61

Concord Enviro Systems Ltd IPO Reservation

QIB Shares Offered 1427464(20%)
NII (HNI) Shares Offered 1070598(15%)
Retail Shares Offered 2498063(35%)
Anchor Investor Shares Offered 2141197(30%)
Total Shares Offered 7137322
Total Shares With Anchor Investor 7137322

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Concord Enviro Systems Ltd IPO Registrar

MUFG Intime India Pvt Ltd
Phone Number +91 22 4918 6000
Email Id concordenviro.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Concord Enviro Systems Ltd IPO Lead Manager

1. Motilal Oswal Investment Advisors Ltd

2. Equirus Capital Pvt Ltd

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Concord Enviro Systems Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 13,79,122 8,190 10.0
Non Institutional Investors (NIIs) 10,90,870 12,96,708 1,280.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 7,27,247 4,38,774 2,46,097.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 3,63,623 8,57,934 2,46,097.0
Retail Individual Investors (RIIs) 25,45,364 57,83,337 96,383.0
Total 50,15,356 70,88,235 2,46,097.0

Strength of Concord Enviro Systems Ltd

1. Expertise in ZLD technology in India and well placed to harness global industry opportunities.

2. Integrated solutions provider supported by backward integrated manufacturing facilities.

3. Established presence in large international markets.

4. Diversified customer base across multiple industries and geographies.

5. Focus on innovation supported by R&D and design capabilities.

6. Promoters and management team delivering financial performance.

Risks Involved

1. The company's business is dependent and will continue to depends on its manufacturing facilities. For Fiscal 2024 and the five-months ended August 31, 2024, for its manufacturing facilities at Vasai and Sharjah, the company total operating costs were Rs. 1,312.26 million and Rs. 861.68 million, respectively. The company is subject to certain risks in its manufacturing process which are outside the company control. Any such risks if materialised, could have an adverse effect on its business, results of operations, financial condition and cash flows.

2. Its capacity utilization has been low in the five months ended August 31, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, which exposes it to higher production costs and lower profitability. Low capacity utilisation in the future may adversely affect its business, results of operations and financial condition. Information relating to the installed manufacturing capacity of its two manufacturing facilities included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.

3. The company is dependent on and derives a substantial portion of its revenue (more than 50%) from its top 10 customers. During August 31, 2024 and Fiscal 2024, our revenue from the company top 10 customers was Rs. 1,127.41 and Rs. 2,779.95 million, which is 54.69% and 55.95% of its revenue from operations respectively. Cancellation by customers or delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition. The company is also have a number of Government customers which exposes it to various risks inherent in doing business with them, which may adversely affect its business, results of operations and financial condition.

4. The contracts in its Order Book may be adjusted, cancelled or suspended by the company customers and, therefore its Order Book is not necessarily indicative of the company future revenue or profit. Its total Order Book for August 31, 2024 was 5,017.46 and Fiscal 2024, was Rs. 4,631.92 million. Its actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect the company results of operations.

5. The company does not own certain of the premises of its manufacturing facilities and the company Registered and Corporate Office, including its proposed Assembly Unit.

6. In August 31, 2024 and Fiscal 2024, its cost of raw materials and components consumed consolidated with purchases of stock-in trade amounted to 1,046.95 and Rs. 2,615.60 million and 50.68% and 55.94% of its total expenses, respectively. Any shortfall in the supply of its components and raw materials or an increase in the company component or raw material costs, or other input costs, may adversely affect the pricing and supply of its products and have an adverse effect on the company business, results of operations and financial condition.

7. The cmompany has subsidiaries that have incurred losses in Fiscals 2024 and 2022.

8. The company is dependent on its research and development activities for the company future success. In August 31, 2024 and Fiscal 2024, its total R&D expenses amounted to Rs. 6.42 million and Rs. 13.48 million, which is 0.31% and 0.29% of its total expenses, respectively. If the company does not successfully develop new wastewater treatment membranes, systems and plants in a timely and cost-effective manner, its business, results of operations and financial condition may be adversely affected.

9. The present Offer comprises an Offer for Sale by the Selling Shareholders and a Fresh Issue of Equity Shares. The Company will only receive funds from the Fresh Issue portion and the funds from Offer for Sale portion will be received by the Selling Shareholders.

10. The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 627.67 592.22 536.9
Total Liabilities 627.67 592.22 536.9
Total Expenses 467.57 343.3 319.88
Total Revenue 
512.27 350.5 337.57
Profit After Tax 41.44 5.49 16.48
EBITDA 83.66 50.64 62.52
Adjusted EBITDA 0 0 0

Concord Enviro Systems Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-12-27 544315 CEWATER
INE037Z01029
₹701 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹701 ₹701
Open ₹832 ₹826
Low ₹800.5 ₹801
High ₹859.95 ₹860
Low ₹800.5 ₹801

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Concord Enviro Systems IPO.

Frequently Asked Questions

What is Concord Enviro Systems Ltd IPO?

Answer Field

Concord Enviro Systems Ltd IPO is a Mainboard IPO of 71,37,322 equity shares of a face value of ₹5 aggregating up to ₹500.33 Crores. The issue is priced at ₹701 to ₹701 per share. The minimum order quantity is 21 Shares. The IPO opens on December 19, 2024, and closes on December 23, 2024. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Concord Enviro Systems Ltd IPO will open?

Answer Field

The Concord Enviro Systems Ltd IPO opens on December 19, 2024 and closes on December 23, 2024.

What is the lot size of Concord Enviro Systems Ltd?

Answer Field

Concord Enviro Systems Ltd lot size is 21 shares, and the minimum amount required is ₹14,721.

How to apply for Concord Enviro Systems Ltd IPO?

Answer Field

You can apply in Concord Enviro Systems Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Concord Enviro Systems Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Concord Enviro Systems Ltd IPO will be done on December 24, 2024, and the allotted shares will be credited to your demat account by December 26, 2024.

When is Concord Enviro Systems Ltd IPO listing date?

Answer Field

The Concord Enviro Systems Ltd listing date is December 27, 2024.

Who is the registrar of Concord Enviro Systems Ltd IPO?

Answer Field

The registrar of Concord Enviro Systems Ltd IPO is MUFG Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Motilal Oswal Investment Advisors Ltd,Equirus Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Concord Enviro Systems Ltd IPO?

Answer Field

The fresh issue size is ₹175 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Concord Enviro Systems Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 21 shares and ₹14,721 amount.

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

Answer Field

To apply for Concord Enviro Systems Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Concord Enviro Systems Ltd?

Answer Field

The price of each Concord Enviro Systems Ltd share will be ranging in between ₹701 to ₹701 per share.

What is the cut-off time for the UPI mandate for Concord Enviro Systems Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 23, 2024.

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