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    Concord Enviro Systems Limited

    CLOSED

    IPO Date: 19 Dec - 23 Dec 2024

    Listing Date: 27 Dec 2024

    Price Range

    ₹665 to ₹701 per share

    Issue Size

    500.33 Cr

    Min Investment

    ₹13,965

    Lot Size

    21 Shares

    View IPO Document

    Schedule of Concord Enviro Systems Limited

    Issue open date

    19 Dec 2024

    Issue close date

    23 Dec 2024

    UPI mandate deadline

    23 Dec 2024 (5 PM)

    Allotment finalization

    24 Dec 2024

    Share credit

    26 Dec 2024

    Listing date

    27 Dec 2024

    Mandate end date

    N/A

    Issue size

    Funds Raised in the IPOAmount
    Overall500.33 Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date24 Dec 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

    DateIpo PriceGMPEstimated Listing Price
    27 Dec 2024₹701₹138₹839 (19.69%)
    26 Dec 2024₹701₹138₹839 (19.69%)
    25 Dec 2024₹701₹134₹835 (19.12%)
    24 Dec 2024₹701₹75₹776 (10.7%)
    23 Dec 2024₹701₹55₹756 (7.85%)
    22 Dec 2024₹701₹40₹741 (5.71%)
    21 Dec 2024₹701₹40₹741 (5.71%)
    20 Dec 2024₹701₹55₹756 (7.85%)
    19 Dec 2024₹701₹70₹771 (9.99%)
    18 Dec 2024₹701₹70₹771 (9.99%)
    17 Dec 2024₹701₹0₹701 (0%)

    Performance Concord Enviro Systems Limited

    Issue PriceListing GainCurrent Market PriceP/L
    ₹665 to ₹701 per share₹ 6498 (17.99%) ₹ 504.8-27.99%

    About Concord Enviro Systems Limited

    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 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:-1. The manufacture and sale of water and wastewater treatment, reuse and ZLD of systems and plants and turnkey solutions;2. Operations and maintenance;3. The manufacture and sale of consumables and spare parts (including membranes, plants, chemicals and consumables); and4. 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.

    Founded in1999
    Managing director
    Parent organization

    Financial Overview

    Strengths

    • 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

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)17.32
      Non-Institutional Investors (NIIs)14.2
      Retail Individual Investors (RIIs)5.56
      EmployeeN/A
      Total10.67