Concord Enviro Systems Ltd
Price Range
₹665 - ₹701
Min. Quantity
21
Closes on
23 December 2024
Min. investment
₹14,721/273 Shares
Concord Enviro Systems Ltd IPO Timeline
Concord Enviro Systems Limited was originally incorporated as 'Concord Enviro Systems Private Limited' dated July 1, 1999, issued by the RoC in Mumbai. Company name was changed to 'Concord Enviro Systems Limited', upon conversion into a Public Limited and a fresh Certificate of Incorporation on June 9, 2022 was issued by RoC upon the Conversion of Company.
| Event | Date |
|---|---|
| Concord Enviro Systems Ltd IPO Opening Date | 19 December 2024 |
| Concord Enviro Systems Ltd IPO Closing Date | 23 December 2024 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refunds | 26 December 2024 |
| Credit of Shares to Demat | 26 December 2024 |
| Concord Enviro Systems Ltd IPO Listing Date | 27 December 2024 |
Concord Enviro Systems Ltd IPO Details
| Concord Enviro Systems Ltd IPO Date | 19 December 2024 to 23 December 2024 |
| Concord Enviro Systems Ltd IPO Face Value | ₹5 per share |
| Concord Enviro Systems Ltd IPO Price | ₹665 to ₹701 per share |
| Concord Enviro Systems Ltd IPO Lot Size | 21 |
| Issue Size | Shares of ₹5 (aggregating up to ₹500.33 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹175 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹325.33 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 13,79,122 of the Net Offer |
| Retail Shares Offered | Not less than 25,45,364 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 10,90,870 of the Net Offer |
| Company Promoters | Prayas Goel, Preak Goel, Pushpa Goel |
Concord Enviro Systems Ltd IPO Lot Size
The Concord Enviro Systems Ltd IPO lot size is 21 shares. A retail-individual investor can apply for up to 13 lots (273 shares or ₹1,91,373).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 21 | ₹14,721 |
| Maximum | 13 | 273 | ₹1,91,373 |
- Strengths
- Risks
- Opportunities
- Expertise in ZLD technology in India and well placed to harness global industry opportunities.
- Integrated solutions provider supported by backward integrated manufacturing facilities.
- Established presence in large international markets.
- Diversified customer base across multiple industries and geographies.
- Focus on innovation supported by R&D and design capabilities.
- Promoters and management team delivering financial performance.
Company Financials
Concord Enviro Systems Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 57.26 | 40.29 | 2.32 |
| 03-2023 | 52.32 | 7.08 | -8.43 |
| 03-2022 | 55.92 | 6.74 | 0.99 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in its wholly owned subsidiary CEF for financing its capital exp requirements for the greenfield projects to develop an assembly unit to assemble sysytems and plants for treatment of water waste and related membrane modules
- Investment in its wholly ownded subsidiary Rochem Sepration Systems (India) Pvt Ltd ("RSSPL") for financing its capital exp requirements for the brown field project to expand the mfg facilities storage and supporting activities
- Funding capital exp requirements of the company for purchase of plant and machinery
- Investment in its wholly ownded subsidiary concord enviro FZE for prepayment or repayment in full or in part of all or a portion of certain outstanding borrowings availed by CEF
- Investment in its wholly ownded subsidiary CEF for funding working capital exp of CEF
- Investment in its joint venture Roserve Enviro Pvt Ltd to grow its pay per use/pay as you treat business
- Investment in technology and other growth initiatiives for access to new markets
- General corporate purposes
Concord Enviro Systems Ltd IPO Promoter Holding
| Pre Issue Share Holding | 27.96% |
| Post Issue Share Holding | 23.86% |
Concord Enviro Systems Ltd IPO Subscription Status (Bidding Detail)
The Concord Enviro Systems Ltd IPO is subscribed 10.67 times on 23 December 2024 05:00:00 PM. The public issue subscribed 5.5644 times in the retail category, 17.3169 times in the QIB category, and 14.1987 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 17.3169 | 14.1987 | 5.5644 | - | 10.67 |
Concord Enviro Systems Ltd IPO Prospectus
Concord Enviro Systems Ltd IPO Listing Date
| Listing Date | 27 December 2024 |
| BSE Script | 544315 |
| NSE Symbol | CEWATER |
| Listing In | BSE, NSE |
| ISIN | INE037Z01029 |
| IPO Price | ₹701 |
| Face Value | ₹5 |
Company Contact Information
101 HDIL TowerAnant Kanekar Marg Bandra (E),Mumbai-400051
Phone: 91-22-6704 9000
Email: cs@concordenviro.in
Website: www.concordenviro.in
Concord Enviro Systems Ltd IPO Registrar
Concord Enviro Systems Ltd IPO Lead Manager(s)
- Motilal Oswal Investment Advisors Ltd
- Equirus Capital Pvt Ltd
FAQ
What is the issue size of Concord Enviro Systems Ltd IPO?
I have pre-applied for Concord Enviro Systems Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.