Concord Enviro Systems
Listed
Listed
IPO Timeline
Issue open date
19 Dec 2024Issue close date
23 Dec 2024UPI mandate deadline
23 Dec 2024Allotment finalization
24 Dec 2024Refund initiation
26 Dec 2024Share credit
26 Dec 2024Listing date
27 Dec 2024Mandate end date
7 Jan 2025Lock-in end date for anchor investors (50%)
23 Jan 2025Lock-in end date for anchor investors (remaining)
24 Mar 2025Key Dates
Open
19 Dec 2024Close
23 Dec 2024Listing
27 Dec 2024Quick Stats
Issue Size:500cr
Lot Size:21 shares
About the Company
Concord Enviro Systems Limited, founded in July 1999, provides water and wastewater treatment solutions, including zero-liquid discharge (ZLD) technology. The company offers integrated solutions covering design, manufacturing, installation, operation and maintenance (O&M), and digitalization with IoT. Its services include the manufacture and sale of water treatment systems, O&M services, consumables, and spare parts, and the installation of compressed biogas plants (CBG). The company focuses on energy optimization and recovery, supporting industries in water conservation and sustainability. It serves both domestic and international customers across various industries.
Strengths
- Expertise in Zero Liquid Discharge (ZLD) technology with strong in-house R&D capabilities.
- Integrated solutions provider across design, manufacturing, installation, and maintenance.
- Cost-effective, end-to-end wastewater reuse solutions with in-house membrane manufacturing.
- Advanced IoT technology for real-time monitoring and preventive maintenance.
- Long-term relationships with top customers contribute a major share of revenue.
Risks
- Dependence on manufacturing facilities exposes the business to risks from equipment failure and external factors.
- Low capacity utilization increases production costs and lowers profitability.
- Reliance on the top 10 customers exposes the business to risks from cancellations or delays.
- Disruptions in raw material supply or price fluctuations could affect pricing and supply.
- Dependence on R&D for the timely development of wastewater treatment solutions poses risks.
- Violation of the Companies Act regarding an unsecured loan may result in financial liabilities or penalties.
Concord Enviro Systems IPO – Frequently Asked Questions
- The price band for the Concord Enviro Systems IPO is set at ₹665 to ₹701 per share.
- The Concord Enviro Systems IPO opens on December 19, 2024 and closes on December 23, 2024.
- The tentative listing date for the Concord Enviro Systems IPO is December 27, 2024.
- You can apply for the Concord Enviro Systems IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Concord Enviro Systems, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Concord Enviro Systems IPO is 21 shares. Investors must apply for at least one lot (i.e., 21 shares).