Concord Enviro Systems is into Infrastructure Waste Water Treatment sector and is looking raise funds through Fresh Issue and Offer For Sale
IPO Summary
Concord Enviro Systems IPO is a public offering of shares by Prayas Goel and Prerak Goel. The IPO will open on December 19 and will close on December 23. The price band is ₹665 to ₹701 per share and the lot size is 21 shares. The issue size is ₹500.33 crore. The shares are expected to be listed on NSE, BSE on December 27 (^). Some additional information that you may find useful are: : (**) - based on higher price band (^) indicative datePromoters of the company are Prayas Goel and Prerak Goel Currently promoters hold 60.93% stake in the company. While post-equity promoters stake will be 51.39%
- Company aims to raise between Rs 484 to 500 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Rs25 cr Investment in subsidiary Concord Enviro FZE (CEF) for capex requirements 2) Rs10.5 cr Investment in subsidiary Rochem Separation Systems for capex requirements 3) Rs3.2 cr for capex in the company 4) Rs50 cr Debt repayment of subsidiary company CEF 5) Rs20 cr working capita requirement of subsidiary company CE 6) Rs10 cr investment into JV Roserve Enviro Private Limited 7) Rs33.5 cr investment into technology and other new initiatives and 8) General corporate purpose
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 18-Dec-24.
- Price band for the IPO has been fixed at Rs 665 to 701 per share and bid lot are in multiple of 21 shares. The implied market cap post-issue at Rs 1,385 to 1,451 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on December 24 and share are expected to be listed on NSE, BSE on December 27.
- Company has direct peer competition in India'a Waste and Water treatment Industry. In Listed space peers include Praj Industries Limited, Ion Exchange (India) Limited, Triveni Engineering and Industries Limited, VA Tech Wabag Limited, Thermax Limited among others.
- Motilal Oswal Investment Advisors, Equirus Capital has been appointed as Merchant Banker to the issue. Link Intime India Pvt. Ltd. has been appointed as official registrar of the issue.
Key Pointers of Concord Enviro Systems IPO:
| Concord Enviro Systems Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 1999 | Mumbai | Infrastructure | Waste Water Treatment |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh+OFS) | Book Building | 27-Dec-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 19-Dec-24 to 23-Dec-24 | ₹ 665 to 701 per sh | ₹ 5 per sh | 21 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 21 shares ₹ 14,721 | 273 shares up to ₹ 191,373 | 294 to 1,407 shares ₹ 206,094 to 986,307 | 1,428 shares and above ₹ 1,001,028 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About Concord Enviro Systems Limited
Established in 1999, Concord Enviro Systems is provider of water and wastewater treatment and reuse solutions, including ZLD technology. It has in-house capabilities to develop solutions across the entire value chain including for designing, manufacturing, installing, and commissioning, O&M and digitalization solutions including IoT. Company is an integrated provider of wastewater treatment and ZLD solutions, with focus upon energy optimization and recovery helping industries achieve water conservation and sustainability goals. Company has presence into diverse regions with exports to countries in North America, Latin America, Africa, the Middle East, and Southeast Asia, serving 377 customers worldwide.
About Industry
The global recycling and reuse wastewater market is projected to grow at a CAGR of 10.1%, increasing from US$ 30B in CY23 to US$ 48.6B in CY28. India, with a recycling and reuse market valued at US$ 235.5M (₹ 1,968 crore), is also advancing in this sector, focusing on sustainable water management solutions. The sector faces challenges such as outdated & inconsistent regulations across states, high costs for advanced technologies, and weak enforcement.
| Concord Enviro Systems Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 18-Dec-24 |
| IPO Open | 19-Dec-24 |
| IPO Close | 23-Dec-24 |
| Allotment | 24-Dec-24 |
| Credit of Shares | 26-Dec-24 |
| Refund | 26-Dec-24 |
| Listing | 27-Dec-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Concord Enviro Systems Limited IPO - Management Details: | |
|---|---|
| Prayas Goel, Chairman and Managing Director . He holds a bachelor’s degree in mechanical engineering from University of Mumbai. He has over 25 years of experience in organizational strategy, business process re-engineering and envisioning future technology and leading innovation. He has been associated with the co Subsidiary, Rochem Separation Systems (India) Private Limited since June 1, 1998 and the Company since May 5, 2009. | |
| Prerak Goel , Executive Director He holds a bachelor’s degree in commerce from University of Mumbai and a master’s degree in business management from Asian Institute of Management. He has over 21 years of experience in organizational strategy, financial strategy and management, fund raising and investor management and international sales. He has been associated with the Subsidiary co, Rochem Separation Systems (India) Private Limited since June 1, 2003 and the Company since August 10, 2009. | |
| Sudarshan Gopinath Kamath , Chief Financial Officer He holds a bachelor’s degree in commerce from the University of Mumbai. and a post graduate diploma in business administration from Annamalai University. He is a certified chartered accountant and has passed his final examination from the Institute of Chartered Accounts of India. Prior to joining us, he was associated with Visen Industries Limited as the chief financial officer, with Philips India Limited as a manager and with Fermenta Biotech Limited and has an overall experience of over 27 years. He was associated with Rochem Separation Systems (India) Private Limited, the Subsidiary co, since August 30, 2017, till March 30, 2022, and has been associated with the Company since May 23, 2022. | |
| Priyanka Aggarwal, Company Secretary and Compliance Officer She holds a bachelor's degree in commerce from Gurughasidas University. She is associated with the Institute of Company Secretaries of India since 2014. Prior to joining us she was associated with Starlog Enterprises Limited as a Company Secretary and Compliance Officer. She has an overall work experience of over 6 years | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| Concord Enviro Systems Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 50 | NA | 3,568,661 | NA | 250.16 |
| Non-Retail (NII) | 15 | NA | 1,070,598 | NA | 75.05 |
| Non-Retail (NII): >Rs10L | NA | 713,732 | NA | 50.03 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 356,866 | NA | 25.02 | |
| Retail | 35 | NA | 2,498,063 | NA | 175.11 |
| Employee | NA | . | . | ||
| Shareholder | NA | . | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
Check IPO Allotment status of Concord Enviro SystemsIPO:
| Concord Enviro Systems Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| Concord Enviro Systems Limited - Documents | |
|---|---|
Disclaimer:
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| Source: SEBI, BSE, NSE |
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