Concord Enviro Systems Limited IPO

BSE, NSEClosed

Check Allotment

Dec 19, 2024Open Date

Dec 23, 2024Close Date

TBAAllotment Date

Dec 27, 2024Listing Date

Subscription Details

View Subscription Details

Retail5.53x

QIB17.32x

NIIs (Non-Institutional Investors)Main Category

14.19x

↳ NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

14.38x

bHNI (> ₹10L)

Bids above ₹10L

14.09x

Overall Subscription

Total Bids Received

10.66x

Updated: 10 Jul, 06:09 pm

Concord Enviro Systems Limited IPO Issue Details

Issue Price₹665-701 Per Equity Share

Face Value₹5 Per Equity Share

Fresh Share24,96,433 shares(aggregating up to ₹175 crore)

Listing AtBSE, NSE

Listing DateDec 27, 2024

RegistrarLink Intime India Private Ltd

Reservation Details

Category	Shares Offered	%
NII	10,90,870	15.24%
QIB	13,79,122	19.27%
Anchor	21,41,195	29.92%

Valuations

EPS (Pre-IPO)

22.77

EPS (Post-IPO)

0.60

P/E (Pre-IPO)

30.79

RoNW

12.92%

PAT Margin

8.34%

P/B Value

3.96

Financial Information (₹ in Crores)

Metric	FY 24	FY 23	FY 22
Total Assets	627.68	592.22	536.9
Total Revenue	512.27	350.5	337.57
Profit After Tax	41.44	5.49	16.48
Net Worth	320.82	279.23	266.81

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

1Investment 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)
2Investment 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)
3Funding capital expenditure requirements of the Company for the purchase of plant and machinery
4Investment 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
5Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE
6Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business
7Investment in technology and other growth initiatives to access new markets
8General corporate purposes. (collectively, referred to herein as Objects)