Concord Enviro Systems Ltd IPO

Concord Enviro Systems Ltd IPO

We are a provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (ZLD) technology. ZLD systems are wastewater treatment solutions designed to recycle and recover clean water from industrial effluents, leaving behind solid waste or residue. We have in-house capabilities to develop solutions across the entire value chain including designing, manufacturing, installation and commissioning, operations and maintenance (O&M) and digitalization solutions including IoT. The sources through which we generate our revenue include (i) sale of systems and plants (ii) operations and maintenance of installed plants, and (iii) supplying consumables and spares for installed plants. Our reach extends to diverse regions with exports to countries in North America, Latin America, Africa, the Middle East, and Southeast Asia, serving 310 and 377 customers worldwide as of August 31, 2024 and March 31, 2024, respectively.

Concord Enviro Systems Ltd IPO Details

Total Shares Offered

₹ 71,37,321

Offer to Public

46,40,888

Retail Max (Shares)

₹ 24,98,063

Pre Issue Promoters Holding

₹ 1,10,89,800

Exchange

BSE

Issue size

₹ 500.33 Cr

IPO Open Date

Dec 19, 2024

Close Date

Dec 23, 2024

Lot Size

21

Min Investment

₹ 13,965

Issue Type

Book Building

Listing Date

Dec 27, 2024

Concord Enviro Systems Ltd IPO Dates

check-icon
Dec 19, 2024
Opening date
check-icon
Dec 23, 2024
Closing date
check-icon
Dec 24, 2024
Basis of Allotment
check-icon
Dec 26, 2024
Initiation of Refunds
check-icon
Dec 26, 2024
Credit of Shares
check-icon
Dec 27, 2024
Listing date

Details

SectorType
SectorEngineering
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Concord Enviro Systems Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations594.44496.86343.22
EBITDA4.06-0.17-8.38
PAT3.132.32-8.43
Total Assets94.956.432.83
Share Capital10.359.109.10
Total Borrowings13.975.002.48
Operating Activities (Net Cash)3.152.34-8.41
Investing Activities (Net Cash)103.1849.5848.29
Financing Activities (Net Cash)13.975.002.48
Net Cashflow77.430.010.03

About Concord Enviro Systems Ltd

Our Company was originally incorporated as Concord Enviro Systems Private Limited under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated July 1, 1999, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). The name of our Company was subsequently changed to Concord Enviro Systems Limited, upon conversion into a public company, pursuant to a board resolution dated May 23, 2022, and a shareholders' resolution dated May 25, 2022, and a fresh certificate of incorporation was issued by the RoC consequent upon change of name on conversion to public limited company on June 9, 2022.

Industrial water and wastewater management encompasses sourcing chemicals, treatment agents, and equipment, along with managing water sources. It involves treating raw water and wastewater through various processes. Wastewater treatment aims to convert wastewater into environmentally suitable effluent, meeting national and international standards for returning to the water cycle. The industrial wastewater treatment market serves a variety of end-users, such as refineries, chemicals, power, textiles, and pharmaceuticals sectors. Similarly, industries suppliers are suppliers providing products like pumps, piping, electrical and instrumentation systems, control systems and membranes while our participants are EPC Companies, design consultants and system integrators.

We are a provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (ZLD) technology. ZLD systems are wastewater treatment solutions designed to recycle and recover clean water from industrial effluents, leaving behind solid waste or residue. We have in-house capabilities to develop solutions across the entire value chain including designing, manufacturing, installation and commissioning, operations and maintenance (O&M) and digitalization solutions including IoT. The sources through which we generate our revenue include (i) sale of systems and plants (ii) operations and maintenance of installed plants, and (iii) supplying consumables and spares for installed plants. Our reach extends to diverse regions with exports to countries in North America, Latin America, Africa, the Middle East, and Southeast Asia, serving 310 and 377 customers worldwide as of August 31, 2024 and March 31, 2024, respectively.

Peer Comparison:

  • No Listed Industry Peers
  • Praj Industries Ltd
  • Ion Exchange (India) Ltd
  • Triveni Engineering and Industries Ltd
  • Va Tech Wabag Ltd
  • Thermax Ltd

Concord Enviro Systems Ltd Key Points

Strengths

Expertise in ZLD technology in India and well placed to harness global industry opportunities.

Integrated solutions provider supported by backward integrated manufacturing facilities.

Established presence in large international markets.

Diversified customer base across multiple industries and geographies.

Focus on innovation supported by R&D and design capabilities.

Risk

The company's business is dependent and will continue to depends on its manufacturing facilities. For Fiscal 2024 and the five-months ended August 31, 2024, for its manufacturing facilities at Vasai and Sharjah, the company total operating costs were Rs. 1,312.26 million and Rs. 861.68 million, respectively. The company is subject to certain risks in its manufacturing process which are outside the company control. Any such risks if materialised, could have an adverse effect on its business, results of operations, financial condition and cash flows.

Its capacity utilization has been low in the five months ended August 31, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, which exposes it to higher production costs and lower profitability. Low capacity utilisation in the future may adversely affect its business, results of operations and financial condition. Information relating to the installed manufacturing capacity of its two manufacturing facilities included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.

The company is dependent on and derives a substantial portion of its revenue (more than 50%) from its top 10 customers. During August 31, 2024 and Fiscal 2024, our revenue from the company top 10 customers was Rs. 1,127.41 and Rs. 2,779.95 million, which is 54.69% and 55.95% of its revenue from operations respectively. Cancellation by customers or delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition. The company is also have a number of Government customers which exposes it to various risks inherent in doing business with them, which may adversely affect its business, results of operations and financial condition.

Strategy

Add new capacity for the manufacture of membrane modules, WHE modules and containerised plants.

Expand into new sectors for wastewater reuse and zero liquid discharge.

Expand our presence in existing geographies and enter new markets.

Cross sell new products to existing customers.

Leverage our in-house capabilities to address the growing demand for IoT applications in the water and wastewater sector.

How To Apply for Concord Enviro Systems Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Concord Enviro Systems Ltd IPO?

close
Concord Enviro Systems Ltd's IPO offers shares for up to 175 It begins on Dec 19, 2024 and ends on Dec 23, 2024.

What is the price of the Concord Enviro Systems Ltd IPO?

close
The price of Concord Enviro Systems Ltd IPO ranges between ₹665 to ₹701 per share.

What are the open and close dates for the Concord Enviro Systems Ltd IPO?

close
The Concord Enviro Systems Ltd IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.

When will the Concord Enviro Systems Ltd IPO be allotted?

close
The allotment for the Concord Enviro Systems Ltd IPO will be finalised on Dec 24, 2024. The shares will be listed on BSE and NSE on Dec 27, 2024.

What is the minimum lot size required for Concord Enviro Systems Ltd IPO?

close
The minimum lot size for Concord Enviro Systems Ltd IPO is 21 shares, priced between ₹665 to ₹701 per share.

What is the GMP of Concord Enviro Systems Ltd IPO?

close
The GMP (Grey Market Premium) of Concord Enviro Systems Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Concord Enviro Systems Ltd IPO?

close
To check the allotment status of Concord Enviro Systems Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Concord Enviro Systems Ltd IPO getting listed?

close
The Concord Enviro Systems Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 19, 2024, and closes on Dec 23, 2024. The allotment is finalised on Dec 24, 2024.

How do you apply for the Concord Enviro Systems Ltd IPO?

close
To apply for the Concord Enviro Systems Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions