About Concord Enviro Systems:
The company is a provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (ZLD) technology. ZLD systems are designed to recycle and recover clean water from industrial effluents, leaving behind solid waste or residue. The company possesses in-house capabilities to develop solutions across the entire value chain, including design, manufacturing, installation, commissioning, operations and maintenance (O&M), and digitalization solutions such as IoT. Revenue is generated through (i) sale of systems and plants, (ii) O&M of installed plants, and (iii) supplying consumables and spares for installed plants. The company’s reach spans diverse regions, with exports to North America, Latin America, Africa, the Middle East, and Southeast Asia, serving 310 customers as of August 31, 2024, and 377 customers as of March 31, 2024.
About the Industry in which Concord Enviro Systems operates:
Industrial water and wastewater management involves sourcing chemicals, treatment agents, and equipment, as well as managing water sources. It includes treating raw water and wastewater through various processes to convert it into environmentally suitable effluent that meets national and international standards for return to the water cycle. The industrial wastewater treatment market caters to a wide range of end-users, including refineries, chemicals, power, textiles, and pharmaceuticals sectors. Industry suppliers provide products such as pumps, piping, electrical and instrumentation systems, control systems, and membranes, while key participants include EPC companies, design consultants, and system integrators.
| Important Information and Timelines of the IPO of Concord Enviro Systems: | |
|---|---|
| Open Date | 19 December 2024 |
| Close Date | 23 December 2024 |
| Total Issue Size – Number of Shares | 7137321 |
| Minimum Bid Price | 665 |
| Maximum Bid Price | 701 |
| Lot Size | 21 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 26 December 2024 |
| Listing Date | 27 December 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Concord Enviro Systems:
| Category | Lots | Shares | Amount (in â‚ą) |
|---|---|---|---|
| Retail – Minimum | 1 | 21 | 14721 |
| Retail – Maximum | 13 | 273 | 191373 |
| sHNI – Minimum | 14 | 294 | 206094 |
| sHNI – Maximum | 67 | 1407 | 986307 |
| bHNI – Minimum | 68 | 1428 | 1001028 |
Objective of the IPO of Concord Enviro Systems:
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Invest in its wholly owned subsidiary, Concord Enviro FZE (CEF), to support capital expenditure for a greenfield project to develop an assembly unit for water and wastewater treatment systems and related membrane modules.
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Invest in Rochem Separation Systems (India) Private Limited (RSSPL) to fund capital expenditure for expanding manufacturing facilities and storage in a brownfield project.
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Finance the purchase of plant and machinery for the company.
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Invest in CEF for prepayment or repayment of outstanding liabilities.
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Provide funding to CEF for its working capital needs.
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Invest in the joint venture, Roserve Enviro Private Limited, to expand the “pay per use/pay as you treat” business model.
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Invest in technology and growth initiatives to access new markets.
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Allocate funds for general corporate purposes.
Financials of Concord Enviro Systems:
| Particulars | As of and for the five-month period ended August 31, 2024 | As of and for the Financial Year ended March 31, 2024 | As of and for the Financial Year ended March 31, 2023 | As of and for the Financial Year ended March 31, 2022 | |
|---|---|---|---|---|---|
| Equity share capital | 91.00 | 91.00 | 91.00 | 4.26 | |
| Net Worth | 3,197.12 | 3,208.19 | 2,792.26 | 2,668.10 | |
| Revenue from Operations | 2,061.71 | 4,968.59 | 3,432.19 | 3,293.66 | |
| Net profit | 5.16 | 414.39 | 54.87 | 164.77 | |
| Total Income | (11.07) | 415.93 | 125.14 | 192.44 | |
| Earnings per share | |||||
| - Basic | 0.28 | 22.77 | 3.01 | 9.05 | |
| - Diluted | 0.28 | 22.77 | 3.01 | 9.05 | |
| Net Asset Value per equity share | 176.62 | 177.23 | 154.38 | 147.55 | |
| Total borrowings | 1,675.33 | 1,531.87 | 1,310.61 | 1,257.56 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Concord Enviro Systems. You will receive a UPI mandate after 10:00 AM on 19 December 2024.
###1. How to apply for the IPO of Concord Enviro Systems on Dhan?
You can apply for the IPO of Concord Enviro Systems from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Concord Enviro Systems be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 26 December 2024. However, you will be able to see the shares of Concord Enviro Systems on Dhan before the market starts on the listing date which is 27 December 2024.