Concord Enviro Systems Limited IPO (Concord Enviro IPO)

Concord Enviro Systems Limited, established in July 1999, is a globally recognized leader in water and wastewater treatment and reuse solutions, with expertise in advanced zero-liquid discharge (ZLD) technology. The company provides end-to-end solutions, covering design, manufacturing, installation, operation, maintenance (O&M), and digitalization using IoT for enhanced process optimization. Its focus lies in delivering integrated wastewater treatment and ZLD solutions that prioritize energy efficiency and resource recovery, enabling industries to meet their water conservation and sustainability goals.

Concord Enviro Systems specializes in:

• Manufacturing and selling water and wastewater treatment systems, reuse and ZLD plants, and turnkey solutions.
• Offering operations and maintenance services to ensure system efficiency and reliability.
• Producing consumables and spare parts, including membranes and chemicals, for uninterrupted functionality.
• Installing compressed biogas (CBG) plants to support sustainable energy initiatives.

 As of March 31, 2024, Concord Enviro Systems has a diverse customer base of 377 clients worldwide, including 353 domestic and 24 international clients from industries such as pharmaceuticals, chemicals, food and beverage, automotive, defence, steel, and textiles. Its global reach extends to North America, Latin America, Africa, the Middle East, and Southeast Asia.

The company’s prestigious clients include Grasim Industries Limited, AB Mauri, Anthem Biosciences Private Limited, LANXESS India Private Limited, and Diageo Mexico Operaciones, S.A. De C.V., among others. Significant projects include the implementation of ZLD solutions for a distillery in La Barca, Jalisco, Mexico, and a factory in New York, USA.

With two manufacturing facilities in Vasai, India, and Sharjah, UAE, Concord Enviro Systems is supported by a dedicated in-house R&D team of 21 professionals as of March 31, 2024. The company continues to innovate and deliver sustainable solutions, positioning itself as a trusted partner for industries aiming to enhance water management and achieve environmental goals.

Concord Enviro Systems Limited IPO

The book-built IPO of Concord Enviro Systems Limited is scheduled to start at ₹500.33 crores. The offering comprises a fresh issue of 0.25 crore shares totaling ₹175 crores and an offer for sale of 0.46 crore shares amounting to ₹325.33 crores.

On December 19, 2024, the IPO bidding period begins, and it ends on December 23, 2024. The allotment is expected to be finalized on December 24, 2024, with a tentative listing date on the BSE and NSE set for December 27, 2024.

The Concord Enviro IPO has a price band set at ₹665 to ₹701 per share. Retail investors can apply with a minimum lot size of 21 shares, requiring an investment of ₹14,721. For sNII (small Non-Institutional Investors), the minimum application size is 14 lots (294 shares), amounting to ₹2,06,094, while for bNII (big Non-Institutional Investors), it is 68 lots (1,428 shares), totaling ₹10,01,028.

Motilal Oswal Investment Advisors Limited and Equirus Capital Private Limited are the book-running lead managers for the IPO, with Link Intime India Private Ltd serving as the registrar. For complete details, refer to the Concord Enviro IPO RHP.

Concord Enviro IPO Objectives

The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:

1. Investment in the 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 the treatment of water, wastewater and related membrane modules (the “U.A.E Project”);
2. Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”), for financing its capital expenditure requirements for the brownfield project to expand the manufacturing facilities, storage and supporting activities (the “Vasai Project”);
3. Funding capital expenditure requirements of the Company for the purchase of plant and machinery;
4. Investment in our wholly owned Subsidiary, Concord Enviro FZE, for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Concord Enviro FZE;
5. Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
6. Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business;
7. Investment in technology and other growth initiatives to access new markets; and
8. General corporate purposes. (collectively, referred to herein as “Objects”)

Concord Enviro IPO Details

Open and Close Date of Concord Enviro IPO

Concord Enviro IPO opens on December 19, 2024, and closes on December 23, 2024.

Concord Enviro IPO Share Price

The price band for the Concord Enviro IPO

Concord Enviro IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

Concord Enviro Limited Financial Information (Restated)

Concord Enviro Systems Limited’s revenue increased by 46% and profit after tax (PAT) rose by 655% between the financial year ending with March 31, 2024 and March 31, 2023.

Concord Enviro IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: concordenviro.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html

Contact Details

Concord Enviro Systems Limited
101, HDIL Towers,
nant Kanekar Marg,
Bandra (East), Mumbai-400051
Phone: +912267049000
Email: cs@concordenviro.in
Website: https://www.concordenviro.in/

Concord Enviro IPO Prospectus 

• Concord Enviro IPO DRHP
• Concord Enviro IPO RHP
• Anchor Investors in Concord Enviro IPO

You can Apply for this IPO by clicking on this link:
How to apply for Concord Enviro IPO

Step by step guide to apply for the Concord Enviro IPO

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