Concord Enviro Systems IPO Dates, Allotment, and Listing Details
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:
- Designing and manufacturing water treatment systems
- Operations & maintenance services
- 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:
- Invest in subsidiaries for new projects
- Repay outstanding loans
- Fund technology enhancements and growth initiatives
- Support general corporate purposes
Financial Snapshot
| Particulars | FY22 | FY23 | FY24 | As 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.