Concord Enviro Systems Limited – Globe Capital Market LTD.
Concord Enviro Systems Limited
Closed
Price Band
₹665 to ₹701 per share
IPO Issue Period
December 19, 2024 to December 23, 2024
Issue Size
₹500.33 Cr
Face value
₹5 per share
Fresh issue
₹ 175.00 Cr
Offer for sale
₹325.33 Cr
Minimum Shares for Retail
21 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Friday, December 27, 2024
QIB
50%
NII
15%
Retail
35%

Motilal Oswal Investment Advisors Limited
Equirus Capital Private Limited

Concord Enviro Systems Limited is a global water and wastewater treatment and reuse solutions provider, including zero-liquid discharge (ZLD) technology. The company offers in-house solutions across the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization, such as IoT. The company provides integrated wastewater treatment and zero liquid discharge (ZLD) solutions, focusing on energy optimization and recovery to aid industries in achieving water conservation and sustainability goals.

Its 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-filtration (“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).

For the year/period ended (Rs. in Cr.)

FY24 FY23 FY22
Total Revenue 512.27 350.5 337.57
Profit After Tax 41.44 5.49 16.48
EPS 22.77 3.01 9.05
OPM (%) 16.33% 14.45% 18.65%
PATM (%) 8.34% 1.60% 5.00%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Concord Enviro Systems Limited 1,275 701 3.95 31.8 512.27 41.44
EMS Ltd. 4,786 861.9 5.41 27.91 793.31 152.66
Ion Exchange (India) Ltd. 10,221 696.9 9.32 47.29 2,347.85 193.82
VA Tech Wabag Ltd. 11,258 1,810.30 5.72 43.15 2,856.40 259.9

 

 

 

  • Expertise in ZLD technology in India and well placed to harness global industry opportunities;
  • Integrated solutions provider supported by backward integrated manufacturing facilities;
  • Established presence in large international markets;
  • Diversified customer base across multiple industries and geographies;
  • Focus on innovation supported by R&D and design capabilities; and
  • Promoters and management team delivering financial performance.
  • Investment in its wholly owned Subsidiary, Concord Enviro FZE (“CEF”) for financing its capital expenditure requirements for the greenfield project to develop an assembly unit to assemble systems and plants for treatment of water, waste water and related membrane modules (the “U.A.E Project”);
  • Investment in its wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”) for financing its capital expenditure requirements for the brown field project to expand the manufacturing facilities, storage and supporting activities (the “Vasai Project”);
  • Funding capital expenditure requirements of our Company for purchase of plant and machinery;
  • Investment in its wholly owned Subsidiary, Concord Enviro FZE for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Concord Enviro FZE;
  • Investment in its wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
  • Investment in its joint venture, Roserve Enviro Private Limited to grow its pay per use/pay as you treat business;
  • Investment in technology and other growth initiatives for access to new markets; and
  • General corporate purposes.

The company is a global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology. Considering the future growth prospects, well-informed investors may subscribe this IPO for medium to long term.

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