Concord Enviro Systems Ltd
Concord Enviro Systems Ltd, a global leader in water and wastewater treatment solutions, is set to launch its Initial Public Offering (IPO) on December 19, 2024. This article provides a comprehensive overview of the IPO, including key details and important dates for potential investors.
Company Overview
Incorporated in 1999, Concord Enviro Systems specializes in providing integrated wastewater treatment and zero-liquid discharge (ZLD) solutions. The company offers in-house solutions across the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization, such as IoT technology for analysis of customer data. With a diverse customer base across industries like pharmaceuticals, chemicals, food and beverage, defense, automotive, steel, and textiles, Concord Enviro Systems has a significant presence both domestically and internationally. As of March 31, 2024, the company has served over 353 domestic and 24 international customers.
IPO Timeline
- IPO Opening Date: December 19, 2024
- IPO Closing Date: December 23, 2024
- Basis of Allotment Date: December 24, 2024
- Initiation of Refunds: December 26, 2024
- Credit of Shares to Demat Accounts: December 26, 2024
- Listing Date: December 27, 2024
Price Band and Lot Size
- Price Band: ₹665 to ₹701 per equity share
- Face Value: ₹5 per share
- Lot Size: 21 shares
- Minimum Investment: ₹14,721 for one lot
Financials
Concord Enviro Systems has demonstrated consistent financial performance in recent years:
- FY 2024 Revenue: ₹512.27 crore
- FY 2024 Net Profit: ₹41.44 crore
- 5 Months Ended August 31, 2024 Revenue: ₹208.02 crore
- 5 Months Ended August 31, 2024 Net Profit: ₹0.52 crore
Strengths
- Comprehensive Solutions: Provides end-to-end wastewater treatment and ZLD solutions.
- Technological Integration: Utilizes IoT technology for enhanced operational efficiency.
- Diverse Clientele: Serves a wide range of industries across multiple geographies.
Risks
- Market Dependency: Performance is closely tied to industrial demand for wastewater treatment solutions.
- Competitive Industry: Faces competition from other established players in the environmental solutions sector.
IPO Anchor Investors Details
The anchor book for the issue opens on December 18, 2024. Details regarding anchor investors will be available after the allocation on this date.
IPO Promoter Holding
The promoters of Concord Enviro Systems Ltd are:
- AF Holdings
- Namrata Goel
- Prayas Goel
- Prerak Goel
- Pushpa Goel
- Nidhi Goel
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| AF Holdings | [Data not available] | [Data not available] |
| Namrata Goel | [Data not available] | [Data not available] |
| Prayas Goel | [Data not available] | [Data not available] |
| Prerak Goel | [Data not available] | [Data not available] |
| Pushpa Goel | [Data not available] | [Data not available] |
| Nidhi Goel | [Data not available] | [Data not available] |
IPO Grey Market Premium (GMP)
As of December 17, 2024, the Grey Market Premium for Concord Enviro Systems Ltd’s IPO is approximately ₹85 per share, indicating a potential listing gain of around 12.13%.
| Date | GMP (₹) | Expected Listing Price (₹) |
|---|---|---|
| December 17, 2024 | 85 | 750 – 786 |
Final Thoughts
Concord Enviro Systems Ltd’s upcoming IPO offers investors an opportunity to invest in a company with a strong presence in the wastewater treatment and ZLD solutions sector. However, potential investors should carefully consider the associated risks and conduct thorough due diligence before making investment decisions.