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Concord Enviro Systems IPO Dates, Allotment, and Listing Details

Concord Enviro Systems IPO Dates: Allotment, Credit & Listing Details (2024)

About Concord Enviro Systems

Founded on July 1, 1999, Concord Enviro Systems is a prominent provider of water and wastewater treatment solutions, leveraging cutting-edge technologies like Zero Liquid Discharge (ZLD). Their offerings include membrane bioreactors, sewage treatment plants, and membrane-based systems like ultrafiltration (UF), nanofiltration (NF), and reverse osmosis (RO).

The company operates in three primary areas:

  1. Designing and manufacturing water treatment systems
  2. Operations & maintenance services
  3. Supplying consumables like membranes and chemicals

Global Presence

  • Clients: Over 310 across sectors like pharmaceuticals, chemicals, food & beverages, and automotive.
  • Regions: North America, Latin America, Africa, the Middle East, and Southeast Asia.
  • Key Clients: Diageo, Grasim Industries, LANXESS India

Market Highlights

  • Domestic revenue: 58.23% (FY24)
  • Total order book: ₹501.74 crore (August 31, 2024)
  • Market share: 14.5% in India’s industrial water recycling segment
  • Manufacturing facilities: Vasai, Maharashtra (India) and Sharjah, UAE

IPO Dates

Event Date
IPO Open Date December 19, 2024
IPO Close Date December 23, 2024
Basis of Allotment December 24, 2024
Credit to Demat Account December 26, 2024
Listing Date December 27, 2024

IPO Price Band
The IPO comprises a fresh issue and an offer for sale with a price band of ₹665 to ₹701 per share. It is a book-built issue worth ₹500.33 crore, consisting of:

  • Fresh issue: 24,96,433 shares (₹175 crore)
  • Offer for Sale: 46,40,888 shares (₹325.33 crore)

The listing price will be determined upon the debut on December 27, 2024.


IPO Lot Size

  • Minimum Lot Size: 21 shares (1 lot)
  • IPO Issue Size: ₹500.33 crore

IPO Objective
The company aims to utilize ₹105.5 crore from IPO proceeds to:

  1. Invest in subsidiaries for new projects
  2. Repay outstanding loans
  3. Fund technology enhancements and growth initiatives
  4. Support general corporate purposes

Financial Snapshot

ParticularsFY22FY23FY24As of August 2024
Revenue₹329.37 cr₹343.22 cr₹496.86 cr₹206.17 cr
Net Profit₹16.48 cr₹5.49 cr₹41.44 cr₹0.52 cr

Between FY22 and FY24, the company’s revenue grew at a CAGR of 22.82%, while net profit surged by 58.5%.

Industry Outlook

  • Global Market: Projected to grow at a CAGR of 10.1% to reach $48.6 billion by 2028
  • Indian Market: Valued at $235.50 million, driven by innovative technologies and stringent regulations

This favorable trend positions Concord Enviro Systems for significant future opportunities.

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