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Concord Enviro Systems Ltd.

Engineering - Industrial Equipments

IPO Details
  • Issue Type Book building
  • Price range Rs.665-701
  • Market Lot 21
  • Total Equity Shares 5015356
  • Face Value Rs. 5
  • Listing Date Dec 27, 2024
IPO Timeline
Opening date Dec 19, 2024
Closing date Dec 23, 2024
Listing Date Dec 27, 2024

IPO Details

We are a leading global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology, in terms of revenue from operations, as on March 31, 2024 (Source: 1Lattice Report). We 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”). We 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) Our 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 377 customers across the globe as of March 31, 2024.

Projects

1. Project Name: Invest. in our Material Subsidiary, CEF in relation to the financing the construction of theAssembly

Project Cost: 250

2. Project Name: Investment in our Material Subsidiary, RSSPL for funding its working capital requirements

Project Cost: 105.05

3. Project Name: Funding capital expenditure requirements of our Company for purchase of plant and machinery

Project Cost: 32.07

4. Project Name: Investment in our wholly owned Subsidiary, Concord Enviro FZE for prepayment or repayment, in full

Project Cost: 500

5. Project Name: Investment in our wholly owned Subsidiary, CEF, for funding working capital requirements of CEF

Project Cost: 200

6. Project Name: Investment in our joint venture, Roserve Enviro Private Limited to grow our pay per use/pay as you

Project Cost: 100

7. Project Name: Investment in technology and other growth initiatives for access to new markets

Project Cost: 235

8. Project Name: General Corporate Purposes

Project Cost: 20.68

Promoters

Prmoters Name

1. Prayas Goel

2. Prerak Goel

Prmoters Holdings
  • Pre Share Capital: 27975609
  • Pre Promoter Holding: 60.93
  • Offer to Public: 7272466
  • Post Share Capital: 10635280
  • Post Promoter Holding: 51.39

Registrar

Registrar Name:Link Intime India Pvt Ltd.
Phone: 91-022-25946970/71/72/73/74/75/76/77/78/60320
Email: helpdesk@linkintime.co.in
Website: www.linkintime.co.in

Lead Managers

  • Motilal Oswal Investment Advisors Pvt Ltd
  • Equirus Capital Pvt Ltd

Subscription Details

Field Description Field Value
Ipo Code 2267
Total Equity 5015356

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 1379122
No of Shares Bid For Qualified Institutional Buyers 23882166
Total No of Shares Bid For Qualified Institutional Buyers 17.32
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 12235503
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 2467878
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 9178785
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 1090870
No of Shares Bid For Non-Institutional Buyers 15488928
Total No of Shares Bid For Non-Institutional Buyers 14.20
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 659169
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 14089782
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 739977
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 2545364
No of Shares Bid For Retail Individual Investor 14163492
Total No of Shares Bid For Retail Individual Investor 5.56
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 12460980
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 1702512
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 0
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 0
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 0
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 5015356
No of Shares Bid For All 53534586
Total 10.67