Concord Enviro Systems Limited (MAINBOARD)
Dec 19, 2024 - Dec 23, 2024
| Price | ₹665 - ₹701 |
| Premium | ₹138 |
|---|---|
| Lot size | 21 |
| Allotment | Dec 24, 2024 |
| Listing | Dec 27, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 21 | 14721 | 118955 |
| sHNI | 14 | 294 | 206094 | 1214 |
| bHNI | 68 | 1428 | 1001028 | 2428 |
Last updated on 23-Dec-2024 18:33:10
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1427464 | 23882166 | 16.73 |
| HNIs | 1070599 | 15488928 | 14.47 |
| HNIs 10+ | 713732 | 10248252 | 14.36 |
| HNIs 2+ | 356867 | 5240676 | 14.69 |
| Retail | 2498063 | 14163492 | 5.67 |
| Total | 4996126 | 53534586 | 10.72 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2428 | 6994 | 2.88 |
| HNIs (2-10L) | 1214 | 17263 | 14.22 |
| Retail | 118955 | 576514 | 4.85 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 100.07 | 1674.14 | 16.73 |
| FIIs | - | 857.71 | - |
| DIIs | - | 535.24 | - |
| Mutual funds | - | 173 | - |
| Others | - | 108.19 | - |
| HNIs | 75.05 | 1085.77 | 14.47 |
| HNIs 10+ | 50.03 | 718.4 | 14.36 |
| HNIs 2+ | 25.02 | 367.37 | 14.69 |
| Retail | 175.11 | 992.86 | 5.67 |
| Total | 350.23 | 3752.77 | 10.72 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹15.7 | @8% ₹18 | @9% ₹20.2 | @10% ₹22.5 | @11% ₹24.7 | @12% ₹27 |
IPO Details
| Issue Size | 71,37,321 shares (aggregating up to 500.33 Cr) |
| Fresh Issue | 2,496,434 shares (aggregating up to 175 Cr) |
| Offer For Sale | 4,640,888 shares (aggregating up to 325.33 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE,NSE |
| Share holding pre issue | 1,81,99,800 shares |
| Share holding post issue | 2,06,96,233 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Isssue |
Key Performance Indicators
| KPI | Aug-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 0.16% | 13.73% | 2.00% |
| ROCE | 2.08% | 14.07% | 6.96% |
| RONW | 0.16% | 12.92% | 1.97% |
| D/E | 0.52 | 0.47 | 0.47 |
| EPS (basic) | 0.28 | 22.77 | 3.01 |
| P/E Pre IPO | 30.79 | ||
| P/E Post IPO | 1171.52 |
Financial Details (Restated) In Crores.
| Period Ended | Aug-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 640 | 628 | 592 | 537 |
| Revenue | 208 | 512 | 351 | 338 |
| Profit After Tax | 1 | 41 | 5 | 16 |
| Net Worth | 320 | 321 | 279 | 267 |
| Reserves and Surplus | 301 | 303 | 259 | 261 |
| Total Borrowing | 168 | 153 | 131 | 126 |
About Company
Concord Enviro Systems Limited, founded in July 1999, is a global provider of water and wastewater treatment and reuse solutions, including zero-liquid discharge (ZLD) technology. The company offers integrated services across design, manufacturing, installation, operation and maintenance (O&M), and IoT-driven digitalization, catering to industries such as pharmaceuticals, chemicals, food and beverage, and textiles. With two manufacturing facilities in India and the UAE, an in-house R&D team, and a customer base spanning 377 clients across North America, Latin America, Africa, the Middle East, and Southeast Asia, the company focuses on sustainability and energy optimization. Key projects include implementing ZLD solutions for multinational clients like Diageo Mexico and others in Mexico and the United States.Their in-house R&D team, comprising 21 employees as of March 31, 2024, develops the solutions.
Equirus Capital Private Limited
Market Leadership: A recognized leader in ZLD technology in India, enabling industries to achieve sustainability goals.
Integrated Solutions: Offers end-to-end water and wastewater treatment solutions supported by backward-integrated manufacturing facilities.
Global Reach: Strong international presence with exports to North America, Latin America, Africa, the Middle East, and Southeast Asia.
Manufacturing Dependency: The business heavily relies on its Vasai and Sharjah facilities, with significant operating costs and risks that could impact operations if disruptions occur.
Low Capacity Utilization: Consistently low capacity utilization increases production costs and reduces profitability, potentially affecting future financial performance.
Customer Concentration: Over 50% of revenue comes from the top 10 customers, and dependency on government clients exposes the company to risks like order delays, cancellations, and payment uncertainties.
Phone: +91-22-4918 6270
Email: concordenviro.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html