Concord Enviro Systems Limited is a global water and wastewater treatment and reuse solutions provider, including zero-liquid discharge (ZLD) technology.
The company offers in-house solutions across the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization, such as IoT. The company provides integrated wastewater treatment and zero liquid discharge (ZLD) solutions, focusing on energy optimization and recovery to aid industries in achieving water conservation and sustainability goals.
The company’s business can be segregated into the following:
- The manufacture and sale of water and wastewater treatment, reuse and ZLD of systems and plants and turnkey solutions;
- Operations and maintenance;
- The manufacture and sale of consumables and spare parts (including membranes, plants, chemicals and consumables); and
- Installation of compressed biogas plants (“CBG Plants”).
As of March 31, 2024, the company exports its solutions to North America, Latin America, Africa, the Middle East, and Southeast Asia and has a large customer base of 377 customers worldwide.
As of FY 2024, the company has served over 353 domestic and 24 international customers in pharmaceuticals, chemicals, food and beverage, defence, automotive, steel, and textiles, with a presence in two countries.
The company’s clients include Diageo Mexico Operaciones, S.A. De C.V., Grasim Industries Limited, AB Mauri, Anthem Biosciences Private Limited, Bhopal Glues and Chemicals Private Limited, Kasyap Sweetners Private Limited, LANXESS India Private Limited, Puja Spintex Private Limited, SFC Environmental Technologies Private Limited, SMS Limited and Tagros Chemicals India Private Limited. Furthermore, the company currently executes projects for multinational companies like Diageo Mexico Operaciones, S.A. De C.V.that include implementing a ZLD solution for their distillery in La Barca, Jalisco, Mexico and a ZLD solution for another customer at their factory in New York, United States of America.
The company has two manufacturing facilities: one in Vasai, India, and another in Sharjah, UAE. Their in-house R&D team, comprising 21 employees as of March 31, 2024, develops the solutions.
Concord Enviro Systems IPO – Details
| IPO Opening Date | 19 December 2024 |
| IPO Closing Date | 23 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 71,37,322 Shares Worth ₹500.33 Crore Fresh Issue: 24,96,434 Shares Worth ₹175.00 Crore Offer For Sale: 46,40,888 Shares Worth ₹325.33 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹665 – ₹701 per share |
| Market Lot | 21 Shares |
| Min Order | 21 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Concord Enviro Systems IPO – Date Schedule
| IPO Open Date | 19 November 2024 |
| IPO Close Date | 23 December 2024 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refund | 26 December 2024 |
| Credit of Shares to Demat Account | 26 December 2024 |
| IPO Listing Date | 27 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
Concord Enviro Systems IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,721 |
| Retail (Max) | 13 | 273 | ₹1,91,373 |
| S-HNI (Min) | 14 | 294 | ₹2,06,094 |
| S-HNI (Max) | 67 | 1,407 | ₹9,86,307 |
| B-HNI (Min) | 68 | 1,428 | ₹10,01,028 |
Competitive Strengths
- Market leadership in ZLD technology in India, well placed to harness global industry opportunities.
- Integrated solutions provider supported by backward integrated manufacturing facilities.
- Established presence in international markets.
- Diversified customer base across multiple industries and geographies.
Company Promoters
- Prayas Goel
- Prerak Goel
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 337.57 | 319.87 | 16.47 | 125.76 |
| 31 March 2023 | 350.49 | 343.30 | 5.48 | 131.06 |
| 31 March 2024 | 512.27 | 467.56 | 41.43 | 153.19 |
| 31 August 2024 | 208.02 | 206.56 | 0.51 | 167.53 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.73% |
| ROCE | 14.07% |
| Debt/Equity | 0.47 |
| RoNW | 12.92% |
| PAT Margin | 8.34 |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- 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”);
- 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”);
- Funding capital expenditure requirements of the Company for the purchase of plant and machinery;
- 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;
- Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
- Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business;
- Investment in technology and other growth initiatives to access new markets; and
- General corporate purposes. (collectively, referred to herein as “Objects”)
Concord Enviro Systems IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Praj Industries Limited | 51.39 |
| 2 | 1 | Ion Exchange (India) Limited | 43.28 |
| 3 | 1 | Triveni Engineering and Industries Limited | 24.86 |
| 4 | 2 | VA Tech Wabag Limited | 48.28 |
| 5 | 2 | Thermax Limited | 81.30 |
Concord Enviro Systems IPO Promoter Holding
| Pre Issue Share Holding | 60.93% |
| Post Issue Share Holding | 51.39% |
Concord Enviro Systems IPO Prospectus
Company Contact Information
| Concord Enviro Systems Limited 101, HDIL Towers, nant Kanekar Marg, Bandra (East), Mumbai-400051 Phone: +912267049000 Email: cs@concordenviro.in Website: https://www.concordenviro.in/ |
Concord Enviro Systems IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: concordenviro.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Concord Enviro Systems IPO Lead Manager(s)
| 1. Equirus Capital Private Limited 2. Motilal Oswal Investment Advisors Limited |
Concord Enviro Systems IPO FAQs
| What is Concord Enviro Systems IPO? Concord Enviro Systems IPO is a main-board IPO. The issue is priced at ₹665 to ₹701 per equity share. The IPO is to be listed on BSE & NSE. |
| When Concord Enviro Systems IPO will open? The IPO is to open on 19 December 2024 for QIB, NII, and Retail Investors. |
| What is Concord Enviro Systems IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Concord Enviro Systems IPO? You can apply Concord Enviro Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Concord Enviro Systems IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Concord Enviro Systems IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Concord Enviro Systems IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Concord Enviro Systems IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Concord Enviro Systems IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Concord Enviro Systems IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Concord Enviro Systems IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Concord Enviro Systems IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Concord Enviro Systems IPO Size? Concord Enviro Systems IPO size is ₹500.33 Crore. |
| What is the Concord Enviro Systems IPO Price Band? Concord Enviro Systems IPO Price Band is ₹665 to ₹701. |
| What is Concord Enviro Systems IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 21 Shares with ₹14,721 amount while the maximum bid is 273 Shares with ₹1,91,373. |
| What is the Concord Enviro Systems IPO Allotment Date? Concord Enviro Systems IPO allotment date is 24 December 2024. |
| What is the Concord Enviro Systems IPO Listing Date? Concord Enviro Systems IPO listing date is 27 December 2024. The IPO is to be listed on BSE and NSE. |
