Concord Enviro Systems IPO Live
Already have an account? Apply now
Schedule of Concord Enviro Systems
| Issue open date | 19 Dec 2024 |
| Issue close date | 23 Dec 2024 |
| UPI mandate deadline | 23 Dec 2024 (5 PM) |
| Allotment finalization | 24 Dec 2024 |
| Refund initiation | 26 Dec 2024 |
| Share credit | 26 Dec 2024 |
| Listing date | 27 Dec 2024 |
| Mandate end date | 07 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 23 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Concord Enviro Systems
Concord Enviro Systems Limited, founded in July 1999, provides water and wastewater treatment solutions, including zero-liquid discharge (ZLD) technology. The company offers integrated solutions covering design, manufacturing, installation, operation and maintenance (O&M), and digitalization with IoT. Its services include the manufacture and sale of water treatment systems, O&M services, consumables, and spare parts, and the installation of compressed biogas plants (CBG). The company focuses on energy optimization and recovery, supporting industries in water conservation and sustainability. It serves both domestic and international customers across various industries.
Financials of Concord Enviro Systems
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹500.33 crores |
| Fresh issue | ₹175.00 crores |
| Offer for sale | ₹325.33 crores |
Utilisation of proceeds
| Purpose | INR crores |
| Investment in Concord Enviro FZE | 25.00 (14.29%) |
| Investment in Rochem Separation Systems | 10.51 (6.00%) |
| Capital expenditure for plant and machinery | 3.21 (1.83%) |
| Prepayment of borrowings by Concord Enviro FZE | 50.00 (28.57%) |
| Working capital funding for Concord Enviro FZE | 20.00 (11.43%) |
| Investment in joint venture | 10.00 (5.71%) |
| Investment in technology and growth | 23.50 (13.43%) |
| General Corporate Purposes | TBA |
Strengths
- Expertise in Zero Liquid Discharge (ZLD) technology with strong in-house R&D capabilities.
- Integrated solutions provider across design, manufacturing, installation, and maintenance.
- Cost-effective, end-to-end wastewater reuse solutions with in-house membrane manufacturing.
- Advanced IoT technology for real-time monitoring and preventive maintenance.
- Long-term relationships with top customers contribute a major share of revenue.
Risks
- Dependence on manufacturing facilities exposes the business to risks from equipment failure and external factors.
- Low capacity utilization increases production costs and lowers profitability.
- Reliance on the top 10 customers exposes the business to risks from cancellations or delays.
- Disruptions in raw material supply or price fluctuations could affect pricing and supply.
- Dependence on R&D for the timely development of wastewater treatment solutions poses risks.
- Violation of the Companies Act regarding an unsecured loan may result in financial liabilities or penalties.
Subscription Figures for Concord Enviro Systems
Subscription numbers as of 5:00 PM on 20 Dec 2024:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 13.79 | 0.078 | 0.01x |
| HNI (₹2L+) | 10.91 | 10.99 | 1.01x |
| Retail (upto ₹2L) | 25.45 | 51.08 | 2.01x |
| Total | 50.15 | 62.15 | 1.24x |