IPO

Concord Enviro Systems Ltd. IPO

Concord Enviro Systems Ltd., established in 1999, operates in the Water Supply & Management sector. The company's IPO opened on December 19, 2024 and closed on December 23, 2024, with an issue price ... Read more

Min Investment
₹ 14,721 / 21 shares
Price Range
₹665 - ₹ 701
Bidding Dates
19 Dec '24 - 23 Dec '24
Total Issue Value
500.33 Cr
Lot Size
21
Total Issue Size
500.33 Cr
Listing At
BSE, NSE
BSE Price
744.05 (6.14%)
NSE Price
745.40 (6.33%)

IPO Timeline

  • 19 Dec 2024
    Bidding Starts
  • 23 Dec 2024
    Bidding Ends
  • 24 Dec 2024
    Allotment Finalization
  • 27 Dec 2024
    Listing

About Concord Enviro Systems Ltd.

We are a provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology. ZLD systems are wastewater treatment solutions designed to recycle and recover clean water from industrial effluents, leaving behind solid waste or residue. We ... Read more

Parent organisation
Founded
Concord Enviro Systems Ltd.
1999

Concord Enviro Systems Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 21,41,196 (30%)
Non Institutional Investors 10,70,598 (15%)
Qualified Institutional Buyers (QIBs) 14,27,465 (20%)
Retail Individual Investors (RIIs) 24,98,063 (35%)

Concord Enviro Systems Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 40.29 Cr 2.32 Cr 34.37 Cr
31 Mar 2023 7.08 Cr -8.43 Cr 32.06 Cr

Concord Enviro Systems Ltd. Background

Major Events And Milestones
  • 1993
    • Company received an enquiry for the supply of a reverse osmosis distillation plant to the Indian Navy for user and evaluation trials.
  • 1995
    • Company ventured into offshore seawater desalination equipment supply via our Subsidiary, Rochem Separation Systems (India) Private Limited
    • Order from Goa Shipyard Limited for supply of RO type fresh-water generators for survey vessel yards
    • Investment by Rochem Group S.A., Switzerland, into 50% equity share capital of our Subsidiary, Rochem Separation Systems (India) Private Limited
  • 1996
    • First order for RO system to be installed on submarines
  • 2001
    • Expanded into industrial wastewater reuse through our Subsidiary, Rochem Separation Systems (India) Private Limited by industrial installation along with Aurobindo Pharma Limited
  • 2007
    • Set up operations in Sharjah Airport International Free Zone through incorporation of our Subsidiary, Blue Water Trading and Treatment (FZE)
    • Acquisition by Concord Shipping Private Limited of 50% of the equity share of our joint venture from Rochem AG by purchase of shares of Rochem Separation Systems (India) Private Limited held by Rochem AG
  • 2009
    • Company expanded its customer segment through our Subsidiary, Rochem Separation Systems (India) Private Limited to the oil and gas sector
    • Earned a total income of ₹1,000 million in the financial year 2009-10
  • 2010
    • Our Company acquired the entire shareholding in Reva Enviro Systems Private Limited pursuant to a share purchase agreement dated June 2,
  • 2011
    • Expanded our manufacturing and export facilities in the UAE through incorporation of our Subsidiary, Concord Enviro FZE
    • Company expanded its customer segment through our Subsidiary, Rochem Separation Systems (India) Private Limited to the food and beverage sector
  • 2014
    • Expanded product portfolio with High Pressure Reverse Osmosis (“HPRO”) and Low Pressure Reverse Osmosis (“LPRO”) plants
  • 2015
    • Sold NF membrane plant through our Subsidiary, Rochem Separation Systems (India) Private Limited
  • 2017
    • Incorporation of Roserve Enviro Private Limited, to carry on business of owning and providing on rent/ lease, operating/ maintaining and buying, selling, reselling, all kinds of reverse osmosis plants and allied equipment, machinery, plants, and other equipment
  • 2018
    • Rochem Separation Systems (India) Private Limited installed its first HPRO System
  • 2019
    • Commercialization of waste heat evaporators by our Subsidiary, Rochem Separation Systems (India) Private Limited
    • Commencement of exports to China and Africa, by our Subsidiary Concord Enviro FZE
  • 2022
    • Largest export order till date received from one of our international customers namely Diageo Mexico Operaciones, S.A. De C.V.
  • 2024
    Orders received for:
    • Integrated membrane brine concentrator for RO rejects from Ranjan Polysters Limited; and
    • Complete wastewater package from refinery sector from Megha Engineering & Infrastructures Limited.
Concord Enviro Systems Ltd. Object of Issues

1. Investment in our wholly owned Subsidiary, Concord Enviro FZE (“CEF”) for financing its capital expenditure requirements for the greenfield project to develop an assembly unit to assemble systems and plants for treatment of water, waste water and related membrane modules
2. Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”) for financing its capital expenditure requirements for the brown field project to expand the manufacturing facilities, storage and supporting activities
3. Funding capital expenditure requirements of our Company for purchase of plant and machinery 32.07
4. Investment in our wholly owned Subsidiary, CEF for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by CEF
5. Investment in our wholly owned Subsidiary, CEF, for funding working capital requirements of CEF
6. Investment in our joint venture, Roserve Enviro Private Limited to grow our “pay per use/pay as you treat” business
7. Investment in technology and other growth initiatives for access to new markets
8. General Corporate Purposes

Concord Enviro Systems Ltd. IPO Listing Details
Listing Date
27 Dec 2024
BSE Script Code
CONCORDENV
NSE Symbol
CONCORDENV
ISIN
INE037Z01029
Final Issue Price
₹ 701
Concord Enviro Systems Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 701.00 ₹ 701.00
Open ₹ 832.00 ₹ 826.00
Low ₹ 800.50 ₹ 801.00
High ₹ 859.95 ₹ 860.00
Last Trade ₹ 828.45 ₹ 827.10
Concord Enviro Systems Ltd. Company Promoters

1. Prayas Goel
2. Prerak Goel

Industry Overview

Industrial water and wastewater management encompasses sourcing chemicals, treatment agents, and equipment, along with managing water sources. It involves treating raw water and wastewater through various processes. Wastewater treatment aims to convert wastewater into environmentally suitable ... Read more

Concord Enviro Systems Ltd. Contact Details
Address: 101, HDIL Towers, Anant Kanekar Marg, Bandra (East), Mumbai Maharashtra - 400051
Phone no:67049000
67049000
|
Concord Enviro Systems Ltd. IPO Registrar
Link Intime India Pvt. Ltd.
C-101, 1st Floor, 247 Park, Lal Bahadur Shashtri Marg, Vikhroli (West), Mumbai Maharashtra - 400083
8108114949
Concord Enviro Systems Ltd. IPO Lead Manager(s)
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai Maharashtra - 400025
39804380

FAQs

When does Concord Enviro Systems Ltd. IPO opens and closes?

Concord Enviro Systems Ltd. IPO opens from 19th December to 23rd December 2024.

What is the size of Concord Enviro Systems Ltd. IPO?

The size of the Concord Enviro Systems Ltd. IPO is ₹500.33 Cr.

What is the price range of Concord Enviro Systems Ltd. IPO?

The price range of Concord Enviro Systems Ltd. IPO is at ₹665 to ₹701 per share.

What is the minimum investment and lot size required for the Concord Enviro Systems Ltd. IPO?

The minimum investment required is ₹14,721 and minimum lot size is 21 shares.

When is Concord Enviro Systems Ltd. IPO listing date?

The Concord Enviro Systems Ltd. IPO will be listed on 27th December 2024.

What is the objective of Concord Enviro Systems Ltd. IPO?

1. Investment in our wholly owned Subsidiary, Concord Enviro FZE (“CEF”) for financing its capital expenditure requirements for the greenfield project to develop an assembly unit to assemble systems and plants for treatment of water, waste water and related membrane modules
2. Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”) for financing its capital expenditure requirements for the brown field project to expand the manufacturing facilities, storage and supporting activities
3. Funding capital expenditure requirements of our Company for purchase of plant and machinery 32.07
4. Investment in our wholly owned Subsidiary, CEF for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by CEF
5. Investment in our wholly owned Subsidiary, CEF, for funding working capital requirements of CEF
6. Investment in our joint venture, Roserve Enviro Private Limited to grow our “pay per use/pay as you treat” business
7. Investment in technology and other growth initiatives for access to new markets
8. General Corporate Purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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