Concord Enviro IPO: Price, GMP and Date

 


The Concord Enviro IPO is gearing up to raise ₹500.33 crore through the issue of 71,37,321 shares. The IPO will open on December 19, 2024, and close on December 23, 2024, with shares expected to list on December 27, 2024.

Concord Enviro Systems Limited, founded in July 1999, is a leading provider of water and wastewater treatment solutions. The company specializes in Zero Liquid Discharge (ZLD) technology and offers comprehensive services such as water treatment, manufacturing, installation, maintenance, and IoT-driven digital solutions.

Business Overview

  1. Manufacturing & Sales: Designs and builds water and wastewater treatment systems, including ZLD solutions.

  2. Operations & Maintenance: Provides turnkey plant management and maintenance services.

  3. Consumables & Spare Parts: Supplies membranes, chemicals, and spare parts.

  4. Compressed Biogas Plants: Installs and manages biogas plants.

Global Presence and Clients

Concord Enviro has a strong presence across North America, Latin America, Africa, the Middle East, and Southeast Asia. As of March 31, 2024, the company serves 377 customers, including 353 domestic and 24 international clients. Their diverse customer base spans industries such as pharmaceuticals, chemicals, food & beverages, defence, textiles, and automotive.

Key clients include:

  • Diageo Mexico Operaciones

  • Tagros Chemicals India Pvt Ltd

  • Grasim Industries Ltd

  • Anthem Biosciences Pvt Ltd

  • LANXESS India Pvt Ltd

The company operates two manufacturing plants located in Vasai, India, and Sharjah, UAE.

Concord Enviro IPO Details

  • Concord Enviro IPO Date: December 19, 2024 - December 23, 2024

  • Issue Price: ₹665 - ₹701 per share

  • Face Value: ₹5 per share

  • Lot Size: 21 shares

  • Total Issue Size: ₹500.33 crore

  • Fresh Issue: ₹175 crore (25 lakh shares)

  • Offer for Sale (OFS): ₹325.33 crore (46 lakh shares)

  • Listing Exchanges: BSE, NSE

  • Registrar: Link Intime India Pvt Ltd

  • Lead Managers: Motilal Oswal, Equirus Capital

Financial Performance

The company has demonstrated robust growth:

  • Revenue Growth: 46% increase from FY 2023 to FY 2024

  • Profit After Tax (PAT): Jumped by 655% during the same period

Key Financials (₹ Crore)

  • Total Revenue (FY 2024): ₹512.27

  • PAT (FY 2024): ₹41.44

  • Net Worth: ₹320.82

  • Reserves & Surplus: ₹303.09

Objectives of the Concord Enviro IPO

  1. New Projects: Establishing new assembly and manufacturing facilities in UAE and Vasai, India.

  2. Debt Repayment: Clearing debts of Concord Enviro FZE.

  3. Working Capital: Supporting operational requirements.

  4. Joint Ventures: Investment in Reserve Enviro Pvt Ltd to enhance services.

  5. Technology and Expansion: Expanding into new global markets.

  6. General Corporate Purposes.

Strengths of Concord Enviro IPO

  1. Leader in ZLD Technology: Strong foothold in domestic and international markets.

  2. Integrated Facilities: Efficient and streamlined manufacturing processes.

  3. Global Operations: Presence in multiple regions.

  4. Diverse Clientele: Serving top industries like chemicals, pharmaceuticals, and food & beverages.

Challenges and Weaknesses

  1. Economic Sensitivity: Performance linked to industrial growth.

  2. Regulatory Compliance: Adhering to different country-specific regulations.

  3. Intense Competition: Competing with established players in the wastewater treatment sector.

Valuation and Concord Enviro IPO GMP Today

The IPO is priced at a P/E ratio of 30.78x, based on FY24 EPS of ₹22.77. This valuation is attractive compared to the industry average P/E of 49.82x. Competitors like Praj Industries, Ion Exchange, and Thermax Ltd have higher valuations.

The Concord Enviro IPO GMP Today (as of December 17, 2024) is ₹0, indicating no premium.

Conclusion

The Concord Enviro IPO offers a promising investment opportunity, supported by robust financial growth, a strong global presence, and leadership in water and wastewater solutions. However, potential investors should evaluate risks like economic sensitivity and regulatory challenges before making a decision.

Excited about this upcoming IPO? Open your Demat Account today and stay updated on the Concord Enviro IPO allotment and subscription!

Comments

Post a Comment

Popular posts from this blog

Ventive Hospitality IPO: Date, Price & GMP Today

Image
  The Ventive Hospitality IPO is among the most anticipated upcoming IPOs in 2024 , attracting significant attention from investors eager to explore its potential. With a price band set between Rs. 610 and Rs. 643, this IPO aims to raise Rs. 1600 crore through a fresh issue of 2.49 crore shares. Here's a comprehensive overview of the Ventive Hospitality IPO details , IPO GMP , and more. Ventive Hospitality IPO Details IPO Dates : The IPO opens on December 20, 2024, and closes on December 24, 2024. Price Band : Rs. 610 to Rs. 643 per share. Face Value : Rs. 1 per share. Lot Size : 23 shares. Minimum Investment : Rs. 14,789 for retail investors (1 lot). Listing : Shares will be listed on the NSE and BSE on December 30, 2024. The IPO proceeds will be utilized for partial repayment of borrowings, funding general corporate purposes, and investing in its subsidiaries. What is Ventive Hospitality? Ventive Hospitality Limited, established in 2002, operates luxury hotels and resorts across ...
Read more

Newmalayalam Steel IPO: Complete Details, Date, Price, GMP, and Review

Image
  Newmalayalam Steel IPO is one of the most anticipated SME IPOs, attracting significant attention from investors. In this blog, we provide comprehensive details about the Newmalayalam Steel IPO, including its launch date, price band, grey market premium (GMP), listing details, and more. About Newmalayalam Steel Newmalayalam Steel is a reputed company in the steel industry, known for its innovative solutions and commitment to quality. With robust manufacturing capabilities and a strong customer base, the company is now entering the equity markets to fuel its expansion and growth plans. Objectives of the IPO The funds raised through the Newmalayalam Steel IPO will be utilized for the following purposes: Expansion of production facilities. Working capital requirements. General corporate purposes. Newmalayalam Steel IPO GMP (Grey Market Premium) Grey Market Premium (GMP) is a significant indicator for IPO investors. As of [Insert Date], the GMP for Newmalayalam Steel IPO stands at [I...
Read more

Car Loan EMI Calculator – Effortlessly Manage Your Car Loan Payments

Image
  Introduction Purchasing a vehicle is an exciting milestone, but managing your finances is equally important. A car loan EMI calculator is a useful tool to help you understand your monthly repayment obligations. Whether you are buying a new or used car, our comprehensive guide explains how a car loan EMI calculator can simplify the process and give you control over your financial planning. What is a Car Loan EMI Calculator? A car loan EMI calculator is a simple tool that helps you calculate your Equated Monthly Installment (EMI) based on factors like the loan amount, interest rate, and loan tenure. It offers an easy way to estimate your monthly payments, ensuring you are financially prepared before making a decision. How to Use a Car Loan EMI Calculator? Using our car loan EMI calculator is straightforward: Enter Loan Amount – Specify the total loan amount you wish to borrow. Provide Interest Rate – Enter the applicable annual interest rate for your loan. Select Loan Tenure – Cho...
Read more