IPO

Concord Enviro Systems Limited IPO

Mainboard

Waste Management

Listed On: Dec 27, 2024 at ₹ 826.0(NSE)

₹ 14721 /21 Shares

Check Allotment

19 Dec, 2024

Open Date

23 Dec, 2024

Close Date

24 Dec, 2024

Allotment Date

27 Dec, 2024

Listing Date
Price Summary

Last Closing

491.50 (-29.89%)

52 Week High

860.00

52 Week Low

415.00

Last Update

13-Oct-2025 3:30 PM
Concord Enviro Systems IPO Issue Details
  • Issue Price ₹665-701 per equity share
  • Face Value ₹5 Per Equity Share
  • Total Issue Size 71,37,321 shares(aggregating up to ₹500.33 crore)
  • Fresh Share 24,96,433 shares(aggregating up to ₹175 crore)
  • Offer For Sale 46,40,888 shares(aggregating up to ₹325.33 crore)
  • Listing at BSE, NSE
  • List Price 826.0(NSE)
  • Listing Date 2024-12-27
  • Lead Manager Motilal Oswal Investment Advisors Limited
    Equirus Capital Private Limited
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 21 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)121₹14,721
Retail(max)13273₹1,91,373
Concord Enviro Systems IPO Reservation

Concord Enviro Systems IPO offers total 71,56,551 shares. Out of which 13,79,122 (19.27%) allocated to QIB, 10,90,870 (15.24%) allocated to NII,25,45,364 (35.57%) allocated to RII, NA (NA%) allocated to employees and 21,41,195 (29.92%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered21,41,195 (29.92%)
QIB Shares Offered13,79,122 (19.27%)
NII (HNI) Shares Offered10,90,870 (15.24%)
bNII < ₹10L7,27,247 (10.16%)
sNII < ₹10L3,63,623 (5.08%)
Retail Shares Offered25,45,364 (35.57%)
Total Shares Offered71,56,551 (100%)
Concord Enviro Systems IPO Documents
DRHP
RHP
ANCHOR
Concord Enviro Systems IPO Details


Concord Enviro Systems IPO is a book-built issue of ₹500.33 crores, The total issue size is ₹500.33 crores. The IPO of Concord Enviro Systems is priced at ₹665-701 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Dec 19, 2024 and ends on Dec 23, 2024. The allotment for Concord Enviro Systems IPO will be finalized on Dec 24, 2024. Concord Enviro Systems IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 27, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 21 shares, extendable to 14,721. The book-running lead manager for the IPO is/are Motilal Oswal Investment Advisors Limited, Equirus Capital Private Limited.

The total issue ₹500.33 crore, comprising a fresh issue of 24,96,433 shares ₹175 crore and having Offer for Sale (OFS) of 46,40,888 shares to mop up ₹325.33 crore.

The Concord Enviro Systems IPO sets its price band at 665-701 for each share. A single application for Concord Enviro Systems Limited IPO must contain at least 21 shares. Sentiment investors need to invest a minimum of 21 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,721

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Concord Enviro Systems IPO Subscription Analysis And Details
Retail
5.53x
QIB
17.32x
NII
14.19x
bNII
14.09x
sNII
14.38x
Total
10.66x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved13,79,12210,90,870
7,27,247    3,63,623		25,45,36450,15,356
Day 1 19-12-24 05:00 PM
0.00 x0.35
0.16 x   0.73 x		1.02 x0.59 x
Day 2 20-12-24 05:00 PM
0.01 x1.01
0.52 x   1.99 x		2.01 x1.24 x
Day 3 23-12-24 05:00 PM
17.32 x14.19
14.09 x   14.38 x		5.53 x10.66 x
Total No of Applications
6,01,806
Subscription on the basis of Applications
Retail:4.85x BHNI:2.88x SHNI:14.22x
Concord Enviro Systems Valuations
EPS Pre IPO 22.77
EPS Post IPO 0.60
P/E Pre IPO 30.79
ROE 13.73%
ROCE 14.07%
Debt/Equity 0.47
RoNW 12.92%
PAT Margin 8.34
Price to Book Value 3.96
Concord Enviro Systems Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets627.68592.22536.9
Revenue512.27350.5337.57
Profit After Tax41.445.4916.48
Net Worth320.82279.23266.81
Reserves & Surplus303.09258.64261.12
Total Borrowing153.19131.06125.76
About Concord Enviro Systems Company

Established in the year 1999, Concord Enviro Systems Limited is a global leader in Zero Liquid Discharge (ZLD) technology and water and wastewater treatment solutions. The company offers complete end-to-end services ranging from design to manufacturing to O&M and IoT-driven digitalization to help industries meet sustainability and water conservation goals.

With a diversified customer base of 377 clients in pharmaceuticals, chemicals, food & beverage, and more, Concord Enviro operates in North America, Africa, the Middle East, and Asia, serving clients like Grasim Industries, LANXESS India, and Diageo Mexico Operaciones.

Its sophisticated Indian and UAE manufacturing facilities are driven by a talented R&D team that will ensure innovative, energy-efficient solutions. As one of the market leaders in ZLD technology, Concord Enviro is well-equipped to seize global opportunities with growing demand for sustainable water management.

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Concord Enviro Systems - Promoter(s)

Prayas Goel

Prerak Goel

Pre Issue Share Holding : 60.93%

Post Issue Share Holding : 51.40%

Concord Enviro Systems IPO - Issue Objectives
1

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)

2

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)

3

Funding capital expenditure requirements of the Company for the purchase of plant and machinery

4

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

5

Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE

6

Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business

7

Investment in technology and other growth initiatives to access new markets

8

General corporate purposes. (collectively, referred to herein as Objects)

Concord Enviro Systems IPO - Anchor Investors

Concord Enviro Systems IPO: Institutional investors pick Rs 150 crore shares via anchor book.

Domestic institutional investors including ICICI Prudential Mutual Fund, Kotak Mahindra AMC, Bandhan Mutual Fund, Invesco India, PGIM India, and LIC Mutual Fund picked 14.55 lakh shares worth Rs 102.04 crore in Concord.

Among others, Morgan Stanley, Societe Generale, Meru Investment Fund, SBI General Insurance, Winro Commercial, LC Pharos Multi Strategy Fund, and BNP Paribas Financial Markets bought 6.85 lakh shares worth Rs 48.05 crore in the company.

Concord Enviro Systems IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Concord Enviro Systems Limited22.7722.77177.23N/A12.92N/AConsolidated
Praj Industries Ltd.15.4215.4269.3551.3922.247.71Consolidated
Ion Exchange (India) Ltd.16.5316.5386.1543.2819.245.9Consolidated
Triveni Engineering & Industries Ltd.18.0518.05132.5124.8613.82.35Consolidated
Va Tech Wabag Ltd.39.4939.49235.9648.2815.043.24Consolidated
Thermax Ltd.57.2857.28314.9681.314.813.35Consolidated

Notes:

  1. Total income (for the year ended March 31, 2024) includes Revenue from Operations and Other income (net).
  2. P/E has been computed as market cap as of December 6, 2024 divided by net profit for the year ended March 31, 2024.
  3. Return on Net Worth (%) = Net Profit after tax attributable to owners of the parent for the year ended March 31, 2024 / Net worth at the end of the year.
  4. Net worth has been calculated as the sum of equity share capital and other equity, excluding capital reserve, amalgamation reserve and non-controlling interest.
  5. Net Asset Value per Equity Share = Net Asset Value/ Number of equity shares outstanding at the end of the year.
Strength
As of Fiscal 2024, the company ranks among India's top two ZLD solution providers.
The company exports its innovative solutions to North America, Europe, Africa, and Asia.
The company developed UHPRO technology, cutting energy consumption by 30%.
The global recycling and reuse wastewater market is projected to grow from US$30B to US$48.6B at a CAGR of 10.1%.
Weakness
Dependence on manufacturing facilities risks operational disruptions and financial losses.
Exposure to operational hazards such as equipment failures and natural disasters.
Compliance with stringent environmental regulations incurs significant costs and liabilities.
Contact Details

Concord Enviro Systems

101, HDIL Towers, nant Kanekar Marg, Bandra (East), Mumbai-400051

+912267049000

cs@concordenviro.in

https://www.concordenviro.in/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

concordenviro.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html