Concord Enviro Systems IPO Details, Financials, Valuation & Peers

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Explore Concord Enviro Systems IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

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Status
Closed
Biding Dates
19 Dec - 23 Dec 2024
Price Range
₹665 - ₹701
Min Investment
14,721
Lot Size
21 shares
Issue Size
₹500.33 crore

Overview

Concord Enviro Systems Limited is a global provider of water and wastewater treatment solutions, specializing in Zero Liquid Discharge (ZLD) technology. The company offers integrated solutions across the value chain, including design, manufacturing, installation, commissioning, operation and maintenance (O&M), and digitalization solutions powered by Internet of Things (IoT). Concord Enviro serves diverse industries such as pharmaceuticals, chemicals, food and beverage, energy, automotive, steel, and textiles. With two advanced manufacturing facilities in Vasai, India, and Sharjah, UAE, the company caters to both domestic and international markets, exporting to regions like North America, Latin America, Africa, the Middle East, and Southeast Asia. Concord Enviro has a strong R&D team that drives innovation in energy optimization, custom membrane development, and reducing carbon footprints in ZLD solutions.

Key Points:

  • Business Operations:
    • Systems and Plants: Manufacture and turnkey solutions for water and wastewater treatment, reuse, and ZLD systems.
    • O&M Services: Comprehensive operations and maintenance for installed systems.
    • Consumables and Spares: Sale of membranes, chemicals, and spare parts for water treatment plants.
  • Global Presence: Exports to North America, Latin America, Africa, the Middle East, and Southeast Asia, serving 21 international and 289 domestic customers as of August 2024.
  • Advanced Solutions: Utilizes IoT-enabled digitalization for real-time monitoring, predictive maintenance, and troubleshooting of systems.
  • Industries Served: Caters to pharmaceuticals, chemicals, food and beverage, defence, energy, automotive, steel, and textiles.
  • Strong R&D Capabilities:
    • In-house R&D team of 25 employees focused on developing energy-efficient membranes and reducing carbon footprints.
    • Four patents awarded in India and nine additional patent applications filed.
    • Industry-specific membrane designs and innovative waste heat evaporators (WHE) for energy recovery.
  • Key Projects and Clients:
    • Executing ZLD projects for Diageo Mexico Operaciones and other international clients.
    • Serves renowned companies like Grasim Industries Limited, LANXESS India Private Limited, and Anthem Biosciences Private Limited.

IPO Docs

Objects of the Issue

  • 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 treatment of water, waste water and related membrane modules (the “U.A.E Project”)
  • Investment in the 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 (the “Vasai Project”);
  • Funding capital expenditure requirements of the Company for purchase of plant and machinery;
  • Investment in the 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;
  • Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
  • Investment in the joint venture, Roserve Enviro Private Limited to grow the pay per use/pay as you treat business;
  • Investment in technology and other growth initiatives for access to new markets
  • General corporate purposes

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates19 Dec - 23 Dec 2024
IPO Price Band₹665 - ₹701 per share
Fresh Issue₹175 crore
Offer For Sale4,640,888 shares (₹325.33 crore)
Total IPO Size₹500.33 crore
Face Value₹5
Listing OnBSE, NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date19 Dec 2024
IPO Closing Date23 Dec 2024
Basis Of Allotment24 Dec 2024
Refunds26 Dec 2024
Demat Transfer26 Dec 2024
IPO Listing Date27 Dec 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202231st March 202331st March 2024Aug 2024
Total Income337.57350.50512.27208.08
Total Expenses319.88343.30467.57206.56
Net Profit/Loss16.485.4941.440.52
NPM (*)5.001.608.340.25
Total Assets536.90592.22627.68640.09
Total Liabilities268.35311.26305.12318.64

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202231st March 202331st March 2024Aug 2024
EPS9.053.0122.770.28
ROE (%)12.782.0013.730.16
ROCE (%)10.236.9614.072.08
D/E Ratio0.470.470.470.52
Current Ratio1.731.521.621.56
EBITDA MARGIN (%)18.6514.4516.337.33

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Concord Enviro Systems Limited496.8630.7922.7712.92177.23
Praj Industries Limited3,509.7851.3915.4222.2469.35
Ion Exchange (India) Limited2,391.7343.2816.5319.2486.15
Triveni Engineering and Industries Limited5,220.0924.8618.0513.80132.51
VA Tech Wabag Limited2,856.4048.2839.4915.04235.96
Thermax Limited9,323.4681.3057.2814.80314.96

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

IPO Reservation

Investor TypeShares Offered
Qualified Institutional Buyer (QIB)Not less than 50%
Non-Institutional Investor (NII/HNI)Not less than 15%
Retail Individual Investor (RII)Not less than 35%

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)17.32
Non-Institutional Investor (NII/HNI)14.2
Retail Individual Investor (RII)5.56
Total10.67

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Link Intime India Private Ltd
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/

Company Promoters

  • PRAYAS GOEL
  • PRERAK GOEL

Lead Managers

  • Motilal Oswal Investment Advisors Limited
  • Equirus Capital Private Limited

Company Address

Concord Enviro Systems Limited

101, HDIL Towers, Anant Kanekar Marg, Bandra (East), Mumbai- 400051, Maharashtra, India

Phone: +91 (22) 6704 9000

Email: cs@concordenviro.in

Website: www.concordenviro.in

FAQs

  • What is the issue size of the Concord Enviro Systems IPO?
    The Concord Enviro Systems IPO has an issue size of ₹500.33 crore. This includes a fresh issue of ₹175 crore and an offer for sale (OFS) of 4,640,888 shares (₹325.33 crore).
  • What is the price band of the Concord Enviro Systems IPO?
    The price band for the Concord Enviro Systems IPO is ₹665 - ₹701 per share.
  • What are the bidding dates for the Concord Enviro Systems IPO?
    The Concord Enviro Systems IPO will open for bidding on 19 Dec 2024 and close on 23 Dec 2024.
  • What is the allotment date for the Concord Enviro Systems IPO?
    The allotment date for the Concord Enviro Systems IPO is 24 Dec 2024.
  • What is the minimum lot size and investment required for the Concord Enviro Systems IPO?
    The minimum lot size for the Concord Enviro Systems IPO is 21 shares and the minimum investment required is ₹14,721.
  • What is the listing date for the Concord Enviro Systems IPO?
    The listing date for the Concord Enviro Systems IPO is 27 Dec 2024.
  • What is the Concord Enviro Systems IPO grey market premium?
    The grey market premium (GMP) for the Concord Enviro Systems IPO is currently at ₹138, with an expected listing gain of approximately 19.69%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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