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Open
19 Dec 2024
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Close
23 Dec 2024
3
Allotment
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Listing
Fri, Dec 27, 2024
Price Band
₹665 to ₹701
Issue Size
71,37,321 shares (agg. up to ₹500 Cr)
Lot Size
21 Shares
Listing Date
Fri, Dec 27, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.84x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 640.09 | 627.68 | 592.22 | 536.90 |
| Total Income | 208.02 | 512.27 | 350.50 | 337.57 |
| Profit After Tax | 0.52 | 41.44 | 5.49 | 16.48 |
| NET Worth | 319.71 | 320.82 | 279.23 | 266.81 |
| Reserves and Surplus | 300.59 | 303.09 | 258.64 | 261.12 |
| Total Borrowing | 167.53 | 153.19 | 131.06 | 125.76 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Namo eWaste Management Ltd. | SME | ₹51.20 Cr | ₹85 | 20.96 | ₹169.55 | +99.47% | ₹281.30 (-1.99%) |
| VVIP Infratech Ltd. | SME | ₹61.21 Cr | ₹93 | 8.26 | ₹185.53 | +99.49% | ₹134.00 (-3.67%) |
| Effwa Infra & Research Ltd. | SME | ₹51.27 Cr | ₹82 | 10.59 | ₹163.55 | +99.45% | ₹370.75 (-1.40%) |
| GEM Enviro Management Ltd. | SME | ₹44.93 Cr | ₹75 | 15.76 | ₹149.62 | +99.49% | ₹37.05 (+0.68%) |
| Z-Tech (India) Ltd. | SME | ₹37.30 Cr | ₹110 | 13.27 | ₹105.00 | -4.55% | ₹576.65 (+2.84%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the wholly owned Subsidiary, 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 | 25.00 |
| 2 | 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 | 10.51 |
| 3 | Funding capital expenditure requirements of the Company for purchase of plant and machinery | 3.21 |
| 4 | 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 CEF | 50.00 |
| 5 | Investment in the wholly owned Subsidiary, CEF, for funding working capital requirements of CEF | 20.00 |
| 6 | Investment in the joint venture, Roserve Enviro Private Limited to grow the pay per use/pay as you treat business | 10.00 |
| 7 | Investment in technology and other growth initiatives for access to new markets^ | 23.50 |
| 8 | General Corporate Purposes | 20.68 |
About Concord Enviro Systems IPO
Founded in July 1999, Concord Enviro Systems Limited is a global water and wastewater treatment and reuse solutions provider, including zero-liquid discharge (ZLD) technology. 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. The company provides integrated wastewater treatment and zero liquid discharge (ZLD) solutions, focusing on energy optimization and recovery to aid industries in achieving water conservation and sustainability goals. The company's business can be segregated into the following:- The manufacture and sale of water and wastewater treatment, reuse and ZLD of systems and plants and turnkey solutions; Operations and maintenance; The manufacture and sale of consumables and spare parts (including membranes, plants, chemicals and consumables); and Installation of compressed biogas plants (“CBG Plants”). As of March 31, 2024, the company exports its solutions to North America, Latin America, Africa, the Middle East, and Southeast Asia and has a large customer base of 377 customers worldwide. As of FY 2024, the company has served over 353 dom
Contact Details
Concord Enviro Systems Ltd. Address101, HDIL Towersnant Kanekar MargBandra (East)Mumbai, Maharashtra, 400051+912267049000cs@concordenviro.inVisit Website