- Concord Enviro IPO opens December 19 and closes December 23, 2024.
- The IPO size is ₹500.33 crore, with a price band of ₹665-₹701 per share.
- Minimum investment for retail investors is ₹14,721 for 21 shares.
- The company is a global leader in wastewater treatment with ZLD technology.
Concord Enviro Systems Limited has announced its Initial Public Offering (IPO) worth ₹500.33 crore, combining a fresh issue of shares and an offer for sale. The IPO will open for subscription on December 19, 2024, and close on December 23, 2024. The allotment will be finalized on December 24, 2024, with a tentative listing date of December 27, 2024, on both the BSE and NSE.
The price band for Concord Enviro IPO is set between ₹665 and ₹701 per share, with a minimum application lot size of 21 shares, requiring a minimum investment of ₹14,721 for retail investors.
Concord Enviro IPO Structure
| Details | Information |
|---|---|
| Issue Size | ₹500.33 crore (71.37 lakh shares) |
| Fresh Issue | ₹175 crore (24.96 lakh shares) |
| Offer for Sale (OFS) | ₹325.33 crore (46.40 lakh shares) |
| Face Value | ₹5 per share |
| Price Band | ₹665 – ₹701 |
| Lot Size | 21 shares |
| Listing | BSE, NSE |
Tentative Dates Table for Concord Enviro IPO
| Event | Date |
|---|---|
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off Time for UPI Confirmation | 5 PM on December 23, 2024 |
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Concord Enviro Investor Categories & Reservations
| Investor Category | Shares Reserved |
|---|---|
| QIB | Not more than 50% of the net issue |
| Retail Investors | Not less than 35% of the net issue |
| Non-Institutional (NII) | Not less than 15% of the net issue |
Concord Enviro Investment Details
| Investor Type | Minimum Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,721 |
| Retail (Max) | 13 | 273 | ₹1,91,373 |
| S-HNI (Min) | 14 | 294 | ₹2,06,094 |
| B-HNI (Min) | 68 | 1,428 | ₹10,01,028 |
About Concord Enviro Systems Limited
Founded in July 1999, Concord Enviro Systems Limited is a leader in water and wastewater treatment solutions, including Zero Liquid Discharge (ZLD) technology. It offers comprehensive services, including design, manufacturing, installation, operations, maintenance, and IoT-based digital solutions.
The company operates in industries such as pharmaceuticals, chemicals, food & beverages, defence, automotive, steel, and textiles, with clients across 377 customers globally. Key clients include Grasim Industries, AB Mauri, LANXESS India, and Diageo Mexico.
Financial Highlights (₹ in Crore)
| Particulars | 31-Aug-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|---|
| Revenue | 208.02 | 512.27 | 350.5 | 337.57 |
| Profit After Tax (PAT) | 0.52 | 41.44 | 5.49 | 16.48 |
| Net Worth | 319.71 | 320.82 | 279.23 | 266.81 |
| Borrowings | 167.53 | 153.19 | 131.06 | 125.76 |
Objects of the Issue
The fresh issue proceeds will be used for:
- Financing capital expenditure for a greenfield project in UAE.
- Expanding manufacturing facilities in Vasai, India.
- Purchasing plant and machinery.
- Prepayment or repayment of borrowings.
- Funding working capital requirements.
- Growing pay-as-you-treat businesses.
- Investment in technology and growth initiatives.
- General corporate purposes.
Competitive Strengths
- Backward integrated manufacturing facilities.
- Market leader in ZLD technology in India.
- Strong international presence with 377 global customers.
- Diversified client base across industries and geographies.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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