Concord Enviro Systems Limited offer integrated industrial wastewater reuse and zero liquid discharge (ZLD) solutions. Our internal positions span the entire value chain, including design, component manufacturing, installation and commissioning, operation and maintenance (O&M), and digitalization solutions like Internet of Things (“IoT”) technology for client data analysis. Concord Enviro Systems IPO will hit the stock market in November 2022.
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About Concord Enviro Systems
In terms of revenue, they were the second-largest Indian solution provider for industrial water recycle and reuse systems in fiscal 2021, according to Frost & Sullivan.
Additionally, they were India’s leading ZLD solutions provider in terms of revenue in Fiscal 2021, and with their recycling solutions, they have helped their clients conserve water and achieve sustainability. (Report by F&S, June 2022)
They served over 356 domestic clients and 27 overseas customers in a variety of industries, including pharmaceutical, chemical, food and beverage, defense and offshore, automotive and auto ancillaries, steel, and textiles, for the nine months that concluded on December 31, 2021.
They have two production sites, one in Vasai, Maharashtra, India, and the other in Sharjah, the United Arab Emirates.
Business Model
To help customers avoid significant capital outlays, they provide their solutions to them as turnkey packages or as rentals under their “pay per use/pay as you treat” business model.
Their integrated solutions comprise their own distinctive designs for systems and facilities, such as effluent treatment facilities, membrane-based systems for reverse osmosis, ultra-filtration, and nano-filtration.
Additionally, they provide a full range of O&M services, including spare parts, to its clients. In order to provide data capture and analysis platforms that enable real-time monitoring, troubleshooting, and preventative maintenance of their installed systems and plants, they have also adopted digitalization solutions (including IoT).
Their own R&D team designs industry-specific membranes for their systems and creates new technologies and procedures to develop their solutions.
Clients
Their clientele is geographically and industry-sector-diversified. Over 18 countries in Asia, North Africa, Latin America, and Europe received their products & services during the nine months that ended on December 31, 2021, and throughout Fiscal 2021. AB Mauri & East Africa Breweries, a division of Diageo Great Britain Ltd., are two of our top international clients.
They have a track record of having a high client retention rate, and a sizable amount of our revenue comes from repeat customers (defined as customers who have used us again within the last three fiscal years) as a result of our previous engagements’ successful completion.
Their top ten clients represented 38.60% of their combined revenue from operations for the nine months ending December 31, 2021.
Concord Enviro Systems IPO
Concord Enviro Systems Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 175 Crore and 3,569,180 Equity Shares on 30 June 2022.
The offer includes a fresh issue of INR 175 Crore and there is offer for sale (OFS) of 3,569,180 equity shares by the promoters mentioned in the DRHP. They are looking for a Pre-IPO placement INR 35 Crores in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 516.47 | 517.97 | 520.68 | 413.21 | |
| Total Revenue | 221.65 | 352.80 | 385.04 | 300.09 | |
| Profit After Tax | 3.03 | 19.81 | 7.86 | 15.85 | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2021 | 321.57 | 321.57 | 3 |
| Financial Year 2020 | 127.58 | 127.58 | 2 |
| Financial Year 2019 | 257.29 | 257.29 | 1 |
| Weighted Average | 246.19 | 246.19 | |
| 31 Dec 2021 | 29.93 | 29.93 |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the offer price:
- Poised to take advantage of opportunities in zero liquid discharge and wastewater reuse.
- Provider of integrated systems with backward-integrated production facilities.
- Consumer base that is diverse in terms of geography and industry sectors.
- Strong innovation emphasis supported by R&D and design skills.
- Good financial results to encourage expansion.
- Promoters and management staff with experience.
Concord Enviro Systems Peer Comparison
In India, there are no publicly traded businesses that operate in a similar industry as their Company. As a result, it is impossible to compare their company to others in its industry.
Concord Enviro Systems IPO Details
| IPO Opening Date | November 2022 |
| IPO Closing Date | November 2022 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | – |
| Fresh Issue | 175 Crore |
| Offer for Sale | 3,569,180 Equity Shares |
Concord Enviro Systems IPO Date
Concord Enviro Systems Limited IPO opening date is November 2022, and the closing date is November 2022. The Concord Enviro Systems issue may list in November 2022.
| IPO Opening Date | November 2022 |
| IPO Closing Date | November 2022 |
| Basis of Allotment Date | November 2022 |
| Initiation of Refunds | November 2022 |
| Credit of Shares to Demat Account | November 2022 |
| IPO Listing Date | November 2022 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 10 | Minimum 1 lot based on availability |
Concord Enviro Systems India Limited IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Concord Enviro Systems IPO.
Concord Enviro Systems IPO GMP
Concord Enviro Systems Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
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Check Out the GMP of all Other IPOs
Concord Enviro Systems Limited IPO Review
Concord Enviro Systems Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Concord Enviro Systems IPO is good or bad.
Concord Enviro Systems Limited IPO Risk
- Their Order Book is not a guarantee of their future revenue or profit because the contracts in it could be changed, canceled, or suspended by their clients.
- Their manufacturing facilities are situated in Vasai, Maharashtra, and Sharjah, United Arab Emirates, putting them at risk for legal issues as well as risks related to their geographic location, such as labor unrest, terrorist attacks, other violent crimes, and the occurrence of natural and man-made disasters.
- For their future success, they are reliant on their research and development efforts.
- Laws & regulations governing the environment, worker health, and safety apply to their operations.
- Their business, operating results, and financial situation could all suffer significantly if they are unable to meet their working capital needs.
Other Threats
- Concord Enviro is reliant on a small number of consumers, from whom they receive a sizable amount of their revenue.
- There are unrelated entities in India having a name that sounds similar to theirs. Any inability to distinguish between their Company and other unconnected businesses could be detrimental to their business.
- Their subsidiaries, Rochem Separation Systems (India) Private Limited (“RSSPL”), Blue Water Technologies (“BWT”), and Concord Enviro FZE (“CEF”), plan to prepay or refund all or a portion of certain outstanding borrowings.
- In the event that they don’t meet the requirements of the contract, they may suffer damages under their rental agreements with their clients, be subject to legal action, or face other penalties that could materially harm their business.
Revenue
As of April 30, 2022, their Order Book was 1,723.51 million (including advance purchase orders), of which 46.24% comprised system and plant orders and 53.76% comprised after-sales revenue (including consumables and spares orders and O&M services orders). As of December 31, 2021, their Order Book was 1,399.03 million (including advance purchase orders).
In their “Order Book,” which includes signed contracts for which all requirements for entry into force have been satisfied and letters of acceptance given by the client before execution of the final contract, are anticipated revenues from the unfulfilled portions of current contracts and purchase orders.
Concord Enviro Systems Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Concord Enviro Systems IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Concord Enviro Systems Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| November 2022 | 1 | |||||
| November 2022 | 2 | |||||
| November 2022 | 3 |
Concord Enviro Systems Limited Management
They are managed by a capable and experienced management team with the know-how and vision to run and expand their company and advance their sustainability objectives.
Their Chairman and Managing Director from fiscal 2009 is their promoter, Mr. Prayas Goel. Mr. Kamlesh Kumar Goel, the Promoters’ father, founded the company in 1991. With an emphasis on corporate strategy, product development, equipment and process standardization, strategic vendor management, and domestic sales function, Mr. Prayas Goel manages their business.
Mr. Prerak Goel, their promoter, has been an executive director of their company since 2003, and he is in charge of the departments of sales, finance, and human resources. With committed senior and mid-level management teams, they operate their firm professionally.
Concord Enviro Systems Limited‘ Promoters
- Prayas Goel
- Prerak Goel
Promoter’s Holding
| Pre Issue Share Holding | 54.13% |
| Post Issue Share Holding |
Concord Enviro Systems Limited Prospectus
Contact Details
Concord Enviro Systems Limited
101, HDIL Towers,
Anant Kanekar Marg, Bandra (East),
Mumbai- 400051, Maharashtra, India
Tel: +91 (22) 6704 9000
E-mail: [email protected]
Website: www.concordenviro.in
Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 (22) 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Lead Manager(s)
- DAM Capital Advisors Limited
- Equirus Capital Private Limited
We hope we are able to answer all your questions about Concord Enviro Systems IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Concord Enviro Systems Limited IPO Opening Date?
Concord Enviro Systems Limited IPO will open in November 2022.
Concord Enviro Systems Limited IPO Listing Date?
Concord Enviro Systems Limited IPO will list in November 2022.
Concord Enviro Systems IPO GMP Today?
Concord Enviro Systems IPO Grey Market Premium is INR 0 .
Concord Enviro Systems Limited IPO Allotment Date?
Concord Enviro Systems Limited IPO basis of allotment will be in November 2022.
Lot size for Concord Enviro Systems Limited IPO?
Lot size for Concord Enviro Systems Limited IPO is 0.
