Concord Enviro Systems Ltd IPO Opens On December 19. Check IPO Details Issue Date Price

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Concord Enviro Systems Ltd IPO Opens On December 19. Check IPO Details Issue Date Price

December 19, 2024
Concord Enviro Systems Ltd IPO Opens On December 19. Check IPO Details Issue Date Price

Concord Enviro Systems Ltd is coming out with a fresh public issue to raise Rs. 500.33 crores from the market.

Below are the details of the Concord Enviro Systems Ltd IPO:

  • Issue opens – December 19th (Thursday)
  • Issue closes – December 23rd (Monday)
  • Issue size – Rs. 500.33 crores
  • Price band – Rs. 665 to 701 per equity share
  • Bid lot – 21 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Concord Enviro Systems Limited is a global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology. They have 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”).
  • The sources through which they generate their revenue include (i) sale of systems and plants (ii) operations and maintenance of installed plants, and (iii) supplying consumables and spares for installed plants. Their business operations include: Systems and Plants: the manufacture and sale water and wastewater treatment, reuse and ZLD of systems and plants and turnkey solutions and includes effluent treatment plants, anaerobic digestors, membrane bio-reactors, sewage treatment plants, membrane-based systems including ultra- iltration (“UF”), nano-filtration (“NF”), reverse osmosis (“RO”), desalination systems and waste heat evaporators (“WHE”). O&M: operations and maintenance; and Consumables and Spares: the manufacture and sale of consumables and spare parts (including membranes, plants chemicals and consumables).
  • They have also implemented digitalization solutions (including IoT) to provide data capture and analysis platforms that enable real-time monitoring, troubleshooting and preventative maintenance of their installed systems and plants.
  • They are an integrated provider of wastewater treatment and ZLD solutions, with focus upon energy optimization and recovery helping industries achieve water conservation and sustainability goals. (Source: 1Lattice Report) Their 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 310 customers across the globe as of August 31, 2024.

Issue Size : Rs. 500.33 Cr.

Issue break-up :

QIB - 50 % of the offer - Rs. 250.16 Cr.
NIB - 15 % of the offer - Rs. 75.05 Cr.
RET - 35 % of the offer - Rs. 175.11 Cr.

Listing: BSE & NSE

Registrar: Link Intime India Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Monday, December 23, 2024.

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