About
Concord Enviro Systems Limited, founded in July 1999, provides water and wastewater treatment solutions, including zero-liquid discharge (ZLD) technology. The company offers integrated solutions covering design, manufacturing, installation, operation and maintenance (O&M), and digitalization with IoT. Its services include the manufacture and sale of water treatment systems, O&M services, consumables and spare parts, and the installation of compressed biogas plants (CBG). The company focuses on energy optimization and recovery, supporting industries in water conservation and sustainability. It serves both domestic and international customers across various industries.
Issue size
| Funds to be Raised in the IPO |
Amount |
| Overall |
₹500.33 crores |
| Fresh Issue |
₹175.00 crores |
| Offer for sale |
₹325.33 crores |
The utilisation of proceeds:
| Purpose |
INR crores (%) |
| Investment in Concord Enviro FZE |
25.00 (14.29%) |
| Investment in Rochem Separation Systems |
10.51 (6.00%) |
| Capital expenditure for plant and machinery |
3.21 (1.83%) |
| Prepayment of borrowings by Concord Enviro FZE |
50.00 (28.57%) |
| Working capital funding for Concord Enviro FZE |
20.00 (11.43%) |
| Investment in joint venture |
10.00 (5.71%) |
| Investment in technology and growth |
23.50 (13.43%) |
| General Corporate Purposes |
TBA |
Financial Snapshot
| Financial Year Ended |
March 2022 |
March 2023 |
March 2024 |
August 2024 |
| Total Assets |
536.9 |
592.22 |
627.68 |
640.09 |
| Revenue |
337.57 |
350.5 |
512.27 |
208.02 |
| Profit After Tax |
16.48 |
5.49 |
41.44 |
0.52 |
*All figures are in ₹ Crores.
Strengths
- Expertise in Zero Liquid Discharge (ZLD) technology with strong in-house R&D capabilities.
- Integrated solutions provider across design, manufacturing, installation, and maintenance.
- Cost-effective, end-to-end wastewater reuse solutions with in-house membrane manufacturing.
- Advanced IoT technology for real-time monitoring and preventive maintenance.
- Long-term relationships with top customers contribute a major share of revenue.
Risk factors
- Dependence on manufacturing facilities exposes the business to risks from equipment failure and external factors.
- Low capacity utilization increases production costs and lowers profitability.
- Reliance on the top 10 customers exposes the business to risks from cancellations or delays.
- Disruptions in raw material supply or price fluctuations could affect pricing and supply.
- Dependence on R&D for the timely development of wastewater treatment solutions poses risks.
- Violation of the Companies Act regarding an unsecured loan may result in financial liabilities or penalties.
IPO Schedule
| Issue Period |
19th December to 23th December 2024 |
| Price band |
₹ 665 - 701 |
| Minimum Bid quantity |
21 shares |
| UPI Mandate Deadline |
5 PM, 23 December 2024 |
| Allotment Finalization |
24 December 2024 |
| Refund Initiation |
26 December 2024 |
| Share Credit |
26 December 2024 |
| Listing Date |
27 December 2024 |
| Mandate end date |
07 January 2025 |
| Lock-In End Date for Anchor Investors (50%) |
23 January 2025 |
| Lock-In End Date for Anchor Investors (Remaining) |
24 March 2025 |
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