Concord Enviro IPO
- IPO Date19 Dec, 2024 to 23 Dec, 2024
- Listing Date27 Dec, 2024
- Face Value₹5 per share
- Issue Price₹665 to ₹701 per share
- Lot Size21 Shares
- Minimum Investment₹14,721
- Listing AtBSE, NSE
- Total Issue Size71,37,321 Shares
(aggregating up to ₹500.33 Cr) - Fresh Issue24,96,433 Shares
(aggregating up to ₹175.00 Cr)
- Offer for Sale46,40,888 Shares
(aggregating up to ₹325.33 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,81,99,800
- Shareholding post issue2,06,96,233
IPO Dates
Closing Date
23 Dec, 2024
Initiation of Refunds
26 Dec, 2024
Listing Date
27 Dec, 2024
19 Dec, 2024
Opening Date
24 Dec, 2024
Basis of Allotment
26 Dec, 2024
Credit of Shares
Concord Enviro Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,721 |
| B-HNI (Min) | 68 | 1428 | ₹10,01,028 |
| S-HNI (Min) | 14 | 294 | ₹2,06,094 |
| Retail (Max) | 13 | 273 | ₹1,91,373 |
| S-HNI (Max) | 67 | 1407 | ₹9,86,307 |
Concord Enviro COMPANY INFORMATION
Concord Enviro IPO is a book built issue of Rs 500.33 crores. The issue is a combination of fresh issue of 0.25 crore shares aggregating to Rs 175.00 crores and offer for sale of 0.46 crore shares aggregating to Rs 325.33 crores. Concord Enviro IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The allotment for the Concord Enviro IPO is expected to be finalized on Tuesday, December 24, 2024. Concord Enviro IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 27, 2024. Concord Enviro IPO price band is set at ₹665 to ₹701 per share. The minimum lot size for an application is 21. The minimum amount of investment required by retail investors is ₹14,721. The minimum lot size investment for sNII is 14 lots (294 shares), amounting to ₹2,06,094, and for bNII, it is 68 lots (1,428 shares), amounting to ₹10,01,028. Motilal Oswal Investment Advisors Limited, Equirus Capital Private Limited are the book running lead managers of the Concord Enviro IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Concord Enviro IPO RHP for detailed information.
Founded in July 1999, Concord Enviro Systems 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 domestic and 24 international customers in pharmaceuticals, chemicals, food and beverage, defence, automotive, steel, and textiles, with a presence in two countries.
The company's clients include Diageo Mexico Operaciones, S.A. De C.V., Grasim Industries Limited, AB Mauri, Anthem Biosciences Private Limited, Bhopal Glues and Chemicals Private Limited, Kasyap Sweetners Private Limited, LANXESS India Private Limited, Puja Spintex Private Limited, SFC Environmental Technologies Private Limited, SMS Limited and Tagros Chemicals India Private Limited. Furthermore, the company currently executes projects for multinational companies like Diageo Mexico Operaciones, S.A. De C.V.that include implementing a ZLD solution for their distillery in La Barca, Jalisco, Mexico and a ZLD solution for another customer at their factory in New York, United States of America.
The company has two manufacturing facilities: one in Vasai, India, and another in Sharjah, UAE. Their in-house R&D team, comprising 21 employees as of March 31, 2024, develops the solutions.
- Market leadership in ZLD technology in India, well placed to harness global industry opportunities
- Integrated solutions provider supported by backward integrated manufacturing facilities
- Established presence in international markets
- Diversified customer base across multiple industries and geographies
FAQs About Concord Enviro Ipo
Concord Enviro IPO will open on 19 Dec, 2024 and close on 23 Dec, 2024. Investors must apply within this period to participate.
The Concord Enviro IPO price band is set between ₹665.00 and ₹701.00 per share. The minimum lot size is 21, requiring an investment of at least ₹14721.00.
The Concord Enviro IPO shares are expected to be listed on 27 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Concord Enviro IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Concord Enviro IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.