December 21, 2024
admin
Concord Enviro Systems IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
+A legacy of 31 Years.
+India`s Oldest Investment & IPO website.
+Most Trusted by Investors across India.
Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Concord Enviro Systems IPO?
The company will enter the market on 19th December2024 and IPO will close on 23 December. The listing
Concord Enviro Systems IPO Subscription Status
Concord Enviro Systems Limited IPO Subscriptions (Day 2)Price Rs. 701 Lot 21 shares, Net Rs. 500.33 Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 0.01 | 0.52 | 2.00 | 1.01 | 2.02 | 1.25 |
| Applications: 2,08,631 / (?x) Amount wise Bids recd. Rs. ? Crore |
|||||
Concord Enviro Systems IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who is the promoter of Concord Enviro Systems IPO?
The company’s promoters are PRAYAS GOEL AND PRERAK GOEL
What are the Objects of Concord Enviro Systems IPO?
The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:
1. Investment in our 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 treatment of water, waste water and related membrane modules (the “U.A.E Project”);
2. Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”) for financing its capital expenditure requirements for the brown field project to expand the manufacturing facilities, storage and supporting activities (the “Vasai Project”);
3.Funding capital expenditure requirements of our Company for purchase of plant and machinery; 4.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;
5.Investment in our wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
6.Investment in our joint venture, Roserve Enviro Private Limited to grow our pay per use/pay as you treat business;
7.Investment in technology and other growth initiatives for access to new markets; and
8.General corporate purposes.
What is the business of Concord Enviro Systems?
Concord Enviro Systems is a leading global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology, in terms of revenue from operations, as on March 31, 2024. It has in-house capabilities to develop solutions across the entire value chain including designing, manufacturing, installation and commissioning, operation and maintenance (“O&M”) and digitalization solutions including Internet of Things (“IoT”). It is an integrated provider of wastewater treatment and ZLD solutions, with focus upon energy optimization and recovery helping industries achieve water conservation and sustainability goals. Its reach extends to diverse regions, with exports to countries in North America, Latin America, Africa, Middle East and Southeast Asia and a large customer base of 377 customers across the globe as of March 31, 2024.
In Fiscal 2024, it serviced over 353 domestic customers and 24 international customers across a diverse set of industries such as pharmaceuticals, chemicals, food and beverage, defence and energy, automotive and auto ancillaries, steel and textiles, and has a presence in two countries. It services both Indian and Multinational customers such as 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. Further it is currently executing 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.
For more information, click www.concordenviro.in
Concord Enviro Systems IPO GMP grey market premium, review, Subscription, allotment, listing estimate
|
Concord Enviro Systems IPO Details |
|
| IPO opens on | 19 December 2024 |
| IPO closes on | 23 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 7137322 Shares / Rs 500.33 Crore |
| * Fresh Issue | 2496434 Shares / Rs 175 Crore |
| * Offer for Sale | 4640888 shares/ Rs.325.33 Crore |
| Face Value per share: | Rs. 5 |
| Price Band | Rs.665-701 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 21 Shares |
| Listing will at | BSE, NSE |
|
Shares offered in |
Shares | Rs. in Crore |
| QIB (50 %) | 3568661 | 250.16 |
| NII (15 %) | 1070598 | 75.05 |
| RII (35 %) | 2498063 | 175.12 |
| Employees | – | – |
| Total Shares | 7137322 | 500.33 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Concord Enviro Systems IPO? |
Amount Rs. |
|
| Min Retail Application | 21 shares |
14721 |
| Max Retail Application | 273 Shares | 191373 |
| Small HNI (Min) application | 294 Shares | 206094 |
| Small HNI (Max) application | 1407 Shares | 986307 |
| Big HNI Application | 1428 Shares | 1001028 |
|
What is the timetable of Concord Enviro Systems IPO? |
|
| IPO opens on | 19 December 2024 |
| IPO Closes on | 23 December 2024 |
| IPO Allotment on | 24 December 2024 |
| Unblocking of ASBA | 26 December 2024 |
| Credit of Shares | 26 December 2024 |
| Listing on | 27 December 2024 |
| Registered Office of Concord Enviro Systems | |
| 101, HDIL Towers, Anant Kanekar Marg, Bandra (East), Mumbai- 400051, Maharashtra, India | |
| Who are the Lead Managers of Concord Enviro Systems IPO? Motilal Oswal Investment Advisors Ltd Equirus Capital Private Limited |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
|
Concord Enviro Systems IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 338 | 16.48 | 9.05 | 6.18 |
| 2022-23 | 350 | 5.49 | 3.01 | 1.97 |
| 2023-24 | 512 | 41.44 | 22.77 | 12.92 |
| Book Value of the Share on 31.03.2024 |
Rs. | 177.23 | ||
| BV after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 701 | ||
| Concord Enviro Systems IPO Ratio Analysis |
|
| Price /EPS | 30.78 |
| Price/Book Value Ratio | 3.96 |
| Price/BV after IPO | ? |
How Concord Enviro Systems IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Concord Enviro | 5 | 498 | 30.78 |
| Praj Industries | 2 | 3510 | 50.42 |
| ION Exchange | 1 | 2392 | 41.80 |
| Triveni Engineering | 1 | 5220 | 24.99 |
| VA Tech Wabag | 2 | 2856 | 34.41 |
| Thermax ltd | 2 | 9323 | 76.41 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Concord Enviro Systems IPO Review
Concord Enviro Systems is a leading global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology, in terms of revenue from operations, as on March 31, 2024. It has in-house capabilities to develop solutions across the entire value chain including designing, manufacturing, installation and commissioning, operation and maintenance (“O&M”) and digitalization solutions including Internet of Things (“IoT”). In Fiscal 2024, it serviced over 353 domestic customers and 24 international customers across a diverse set of industries such as pharmaceuticals, chemicals, food and beverage, defence and energy, automotive and auto ancillaries, steel and textiles, and has a presence in two countries.
The net size of the IPO, excluding the anchor portion, is Rs. 350.23 crore, with the HNI portion amounting to Rs. 75.05 crore. A significant oversubscription for both the HNI portion and the overall IPO is expected. Currently, there is no grey market premium for this IPO, but once the subscription figures are released, a sharp increase in the grey market is anticipated. The offer price, with a PE multiple of 30.78, is highly attractive, leaving ample potential for both listing gains and post-listing returns.
Quicklinks
