Concord Enviro IPO GMP Today, Concord Enviro IPO Grey Market Premium Updates | Concord Enviro IPO, Latest target, Opening gain
Concord Enviro IPO began on Dec 19, 2024. It will close on Dec 23, 2024. The Total IPO Size is ₹500.33 Crore Approx. The company set its IPO price is ₹665 to ₹701 per share Per Share. There are three basic categories in Concord Enviro IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
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’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”).
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.
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.
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.
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
Concord Enviro IPO Details:
| Issuer | Concord Enviro IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: Dec 19, 2024 | |
| Issue Closes: Dec 23, 2024 | ||
| Price Brand | ₹665 to ₹701 per share | |
| Issue Size | ₹500.33 Cr | |
| Face Value | ₹5 per share | |
| Market Lot | 21 Shares | |
| Retail (Max) | ₹1,91,373 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 71,37,321 shares | |
| UPCOMING IPO 2024 | Best sites for stock market |
| Best Stock Trading Apps 2024 | Best book for stock market beginners |
Concord Enviro IPO GMP Rates day by day
Concord Enviro IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,721 |
| Retail (Max) | 13 | 273 | ₹1,91,373 |
| S-HNI (Min) | 14 | 294 | ₹2,06,094 |
| S-HNI (Max) | 67 | 1,407 | ₹9,86,307 |
| B-HNI (Min) | 68 | 1,428 | ₹10,01,028 |
Concord Enviro IPO Date, Allotment & Listing:
| Concord Enviro IPO Opening Date: | December 19, 2024 |
| Concord Enviro IPO Closing Date: | December 23, 2024 |
| Basis of Allotment: | December 24, 2024 |
| Initiation of Refunds: | December 26, 2024 |
| Credit to Demat Account: | December 26, 2024 |
| Listing Date: | December 27, 2024 |
Concord Enviro Limited Financial Information (Restated)
Concord Enviro Systems Limited’s revenue increased by 46% and profit after tax (PAT) rose by 655% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 640.09 | 627.68 | 592.22 | 536.9 | ||||||||||||||||||||||||||||||||||||
| Revenue | 208.02 | 512.27 | 350.5 | 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.73% |
| ROCE | 14.07% |
| Debt/Equity | 0.47 |
| RoNW | 12.92% |
| PAT Margin | 8.34 |
Objects of the Issue (Concord Enviro IPO Objectives)
The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:
- Investment 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”);
- Investment 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”);
- Funding capital expenditure requirements of the Company for the purchase of plant and machinery;
- Investment 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;
- Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
- Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business;
- Investment in technology and other growth initiatives to access new markets; and
- General corporate purposes. (collectively, referred to herein as “Objects”)
Concord Enviro IPO ALLOTMENT STATUS
How to Apply for Concord Enviro IPO?
If you’re a new investor Open a DEMAT Account for free with Angel One and build wealth with the best stock choices. Join a 1 million+ family of happy customers.
How to Apply Concord Enviro IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Concord Enviro”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Concord Enviro IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Concord Enviro”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date. 
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Concord Enviro IPO?
Concord Enviro IPO is a main-board initial public offering of 71,37,321 Equity shares of the face value of ₹5 aggregating up to ₹500.33 Crores. The issue price of the IPO is ₹665 to ₹701 Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on Dec 19, 2024 and closes on Dec 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Concord Enviro IPO will open?
The Concord Enviro IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.
How to apply for Concord Enviro IPO?
You can apply in Concord Enviro IPO online using either UPI or ASBA as payment method. 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.
When Concord Enviro IPO allotment?
The finalization of Basis of Allotment for Concord Enviro IPO will be done on Dec 24, 2024, and the allotted shares will be credited to your demat account by Dec 26, 2024.
Check the Concord Enviro IPO allotment status.
When is Concord Enviro IPO listing date?
The Concord Enviro IPO listing date is not yet announced. The tentative date of Concord Enviro IPO listing is Dec 27, 2024.
What is the lot size of Concord Enviro IPO?
Concord Enviro IPO lot size is 21 Shares and the minimum order quantity is 1 Shares.