Concord Enviro Systems is set to launch its Initial Public Offering (IPO) on December 19, 2024, with the closing date scheduled for December 23, 2024. This IPO is classified as a Book Built Issue, with the company aiming to raise approximately ₹500.33 crores. This amount will be raised through a combination of a fresh issue of ₹175 crores and an offer for sale of up to 46,40,888 equity shares, each with a face value of ₹5.
The price band for Concord Enviro Systems IPO is set at ₹665 to ₹701 per share. The allocation for retail investors is 35%, while Qualified Institutional Buyers (QIB) will receive 50% and High Net Worth Individuals (HNI) will receive 15%. The listing of Concord Enviro Systems IPO on the National Stock Exchange (NSE) is expected to take place on December 27, 2024, with the allotment date set for December 24, 2024.
In terms of financial performance, the company reported a revenue of ₹512.27 crores in 2024, a significant increase from ₹350.50 crores in 2023. Similarly, the company’s profit also saw a substantial rise, reaching ₹41.44 crores in 2024 compared to ₹5.49 crores in 2023. Based on these financials, it is advisable for IPO investors to consider a long-term investment strategy.
Concord Enviro Systems IPO Details
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹665 to ₹701 Per Share |
| Issue Size: | Approx ₹500.33 Crores |
| Fresh Issue: | Approx ₹175 Crores |
| Offer for Sale: | Approx 46,40,888 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | NA |
Concord Enviro Systems IPO Market Lot
The Concord Enviro Systems IPO minimum market lot is 21 shares with ₹14,721 application amount. The retail investors can apply up-to 13 lots with 273 shares of ₹1,91,373 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 21 | ₹14,721 |
| Retail Maximum | 13 | 273 | ₹1,91,373 |
| S-HNI Minimum | 14 | 294 | ₹2,06,094 |
| B-HNI Minimum | 68 | 1,428 | ₹10,01,028 |
Concord Enviro Systems IPO Dates
The Concord Enviro Systems IPO date is December 19, 2024 and the close date is December 23, 2024 . The Concord Enviro Systems IPO allotment will be finalized on December 24, 2024 and the IPO listing on December 27, 2024.
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Basis of Allotment: | December 24, 2024 |
| Refunds: | December 26, 2024 |
| Credit to Demat Account: | December 26, 2024 |
| IPO Listing Date: | December 27, 2024 |
Promoters of Concord Enviro Systems IPO
The promoters of the company are Prayas Goel, and Prerak Goel.
About Concord Enviro Systems IPO
Concord Enviro Systems Limited was established in July 1999 and specializes in providing water and wastewater reuse solutions using advanced zero-liquid discharge (ZLD) technology. The company places a strong emphasis on customer satisfaction and building lasting relationships, which has resulted in a customer base of 353 domestic and 24 international clients across various industries such as pharmaceuticals, chemicals, food and beverage, defense and energy, automotive, steel, and textiles.
In addition to its domestic presence, Concord Enviro Systems Limited has a significant global footprint, exporting its products to regions including North America, Latin America, Africa, the Middle East, and Southeast Asia. The company has experienced impressive revenue growth, with revenues increasing from INR 329.37 crores in 2022 to INR 496.86 crores in 2024. The net income for 2024 was also strong at INR 41.44 crores.
Concord Enviro Systems Limited operates manufacturing facilities in two countries, with one located in Vasai, Maharashtra, India, and the other in Sharjah, UAE.
Concord Enviro Systems IPO Company Financial Report
The company reported an increased revenue of ₹512.27 crores in 2024 against ₹350.50 crore in 2023. The company reported 654% jump in profit of ₹41.44 crores in 2024 against profit of ₹5.49 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹337.57 | ₹319.88 | ₹16.48 | ₹327.23 |
| 2023 | ₹350.50 | ₹343.30 | ₹5.49 | ₹372.59 |
| 2024 | ₹512.27 | ₹467.57 | ₹41.44 | ₹436.81 |
| August 2024 | ₹208.02 | ₹206.56 | ₹0.52 | ₹439.50 |
Concord Enviro Systems IPO Valuation – FY2024
Check Concord Enviro Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 13.73% |
| ROCE: | 14.07% |
| EBITDA Margin: | 16.33% |
| PAT Margin: | 8.34% |
| Debt to equity ratio: | 0.47 |
| Earning Per Share (EPS): | ₹22.77 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.92% |
| Net Asset Value (NAV): | ₹177.23 |
Peer Group Comparison
Now, lets look at some of the peer group companies performances as well so that proper analysis can be done.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Praj Industries Limited | 15.42 | – | 22.24% | 69.35 | 3,508 Cr. |
| Ion Exchange (India) Limited | 16.53 | – | 19.24% | 86.15 | 2,392 Cr. |
| Triveni Engineering and Industries | 18.05 | – | 13.80% | 132.51 | 5,220 Cr. |
| VA Tech Wabag | 39.49 | – | 15.04% | 235.96 | 2,856 Cr. |
| Thermax Limited | 57.28 | – | 14.80% | 314.96 | 9,323 Cr. |
Objects of the Issue
- Investment in our wholly owned subsidiary, Concord Enviro FZE (“CEF”), to finance its capital expenditure requirements for the greenfield project aimed at developing an assembly unit for systems and plants used in water and wastewater treatment, along with related membrane modules (the “U.A.E Project”).
- Investment in our wholly owned subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”), to finance its capital expenditure requirements for the brownfield project focused on expanding manufacturing facilities, storage, and supporting activities (the “Vasai Project”).
- Funding the 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, either in full or in part, of certain outstanding borrowings availed by Concord Enviro FZE.
- Investment in our wholly owned subsidiary, Concord Enviro FZE, to fund the working capital requirements of Concord Enviro FZE.
- Investment in the joint venture, Reserve Enviro Private Limited, to enhance our pay-per-use/pay-as-you-treat business.
- Investment in technology and other growth initiatives to access new markets.
- General corporate purposes.
- These objectives collectively referred to as “Objects” aim to support the growth and development of our company in various areas, including technology, manufacturing, and market expansion.
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