Concord Enviro Systems Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹665 - ₹701
- Lot size
- 21 shares
- Issue amount
- ₹175 cr
- Total subscription
- 10.72×
- Opens
- 19 Dec 2024
- Closes
- 23 Dec 2024
- Allotment
- 24 Dec 2024
- Listing
- 27 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 71,37,321 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹13,965
- Fresh issue
- ₹175 cr
- Offer for sale
- ₹325.33 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,721
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,06,96,233
- Shares after issue
- 1,81,99,800
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 21 | ₹14,721 |
| sHNI | 14 | 294 | ₹2,06,094 |
| bHNI | 68 | 1,428 | ₹10,01,028 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 2,428 | 6,994 |
| HNIs (2-10L) | 1,214 | 17,263 |
| Retail | 1,18,955 | 5,76,514 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 100.07 | 1,674.14 |
| RETAIL | 175.11 | 992.86 |
| NIB | 75.05 | 1,085.77 |
| HNIs 2+ | 25.02 | 367.37 |
| HNIs 10+ | 50.03 | 718.4 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Aug-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0.28 | 22.77 | 3.01 |
| ROE | 0.16 | 13.73 | 2 |
| ROCE | 2.08 | 14.07 | 6.96 |
| RONW | 0.16 | 12.92 | 1.97 |
| Pre IPO | 0 | 30.79 | 0 |
| Post IPO | 1,171.52 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Concord Enviro Systems Limited, established in July 1999, is a global provider of advanced water and wastewater treatment and reuse solutions, with a strong focus on zero-liquid discharge (ZLD) systems. The company delivers end-to-end services—from design, manufacturing, and installation to operation, maintenance, and IoT-enabled digital monitoring—serving industries such as pharmaceuticals, chemicals, food and beverage, and textiles. With two manufacturing facilities in India and the UAE, Concord Enviro supports a worldwide client base of 377 customers across North America, Latin America, Africa, the Middle East, and Southeast Asia. The company is known for executing major ZLD and sustainability-focused projects for multinational clients, including Diageo Mexico and others in Mexico and the United States. Its in-house R&D team, comprising 21 specialists as of March 31, 2024, drives innovation in water treatment and energy-efficient solutions.
Strengths
- Market Leadership: A leading player in ZLD technology, helping industries meet sustainability targets.
- Integrated Solutions: Provides end-to-end water and wastewater treatment systems with backward-integrated manufacturing.
- Global Presence: Strong export footprint across North America, Latin America, Africa, the Middle East, and Southeast Asia.
Risk factors
- Manufacturing Dependency: The company is highly dependent on its Vasai and Sharjah manufacturing units. Any operational disruption, cost escalation, or downtime at these facilities can directly impact production and overall business continuity.
- Low Capacity Utilization: Persistent low capacity utilization has elevated production costs and compressed profit margins. This trend may continue to weigh on future financial performance unless utilization improves.
- Customer Concentration: More than 50% of revenue is derived from the top 10 customers. Additionally, significant reliance on government clients exposes the business to risks such as order delays, cancellations, and unpredictable payment cycles.
Promoters
Prayas Goel
Prerak Goel
Registrar & documents
Lead manager
Motilal Oswal Investment Advisors Limited, Equirus Capital Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
101, Hdil Tower, Anant Kanekar Marg, D Block BKC, Naupada, Bandra East, Mumbai, Maharashtra 400051
+912267049000
[email protected]Company website ↗Understanding CEWATER IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.