Listed
Concord Enviro Systems IPO
Concord Enviro IPO is a book built issue of Rs 500.33 crores. The issue is a combination of fresh issue of 0.25 crore shares aggregating to Rs 175.00 crores and offer for sale of 0.46 crore shares aggregating to Rs 325.33 crores. Concord Enviro IPO bidding started from December 19, 2024 and ended on December 23, 2024. The allotment for Concord Enviro IPO was finalized on Tuesday, December 24, 2024. The shares got listed on BSE, NSE on December 27, 2024.
Min Investment
₹14,721
Lot Size
21 Shares
Price Range
₹665.0 - 701.0
Issue Size (₹ Cr.)
₹500.33 Cr
IPO Type
Mainboard
Key Metrics
Face Value
₹ 5 per share
GMP
Subscription
10.67x
EPS
₹ 0.60
P/E Ratio
1171.52 x
RoNW
12.92%
ROE
13.73%
Debt to Equity (₹ Cr.)
0.49
Timeline
IPO Opened19/12/2024Thursday
IPO Closed23/12/2024Monday
Allotted24/12/2024Tuesday
Refunded26/12/2024Thursday
Listed27/12/2024Friday
Strengths
- Strong Financial Performance – The company has shown consistent revenue growth and an improving Return on Equity (ROE) of 13.73%, indicating strong profitability.
- Moderate Debt Levels – With a Debt-to-Equity ratio of 0.49, Concord Enviro maintains a healthy financial structure, reducing financial risk while supporting expansion.
- Leading Position in Water & Wastewater Management – A key player in the sustainable water treatment industry, benefiting from government policies and environmental regulations supporting eco-friendly infrastructure.
- Diversified Client Base – Serves industries like power, textiles, pharmaceuticals, and chemicals, reducing dependency on a single sector and ensuring revenue stability.
- Strong IPO Subscription & Market Confidence – The IPO was oversubscribed 10.67 times, with a 17.83% listing premium, reflecting high investor demand and growth potential.
Weaknesses
- Dependency on Government & Industrial Projects – A significant portion of revenue comes from infrastructure and industrial contracts, making it vulnerable to policy changes and economic slowdowns.
- Competitive Industry – Faces strong competition from global and domestic players in the water and wastewater management sector, which can impact pricing power and market share.
- Working Capital Intensive Business – Requires high capital investment for project execution, leading to potential cash flow challenges if client payments are delayed.
- Regulatory & Compliance Risks – Operating in environmental infrastructure means strict adherence to government and global environmental regulations, which can lead to project delays or cost overruns.
- Fluctuating Profit Margins – While revenues are growing, profit margins can be inconsistent due to rising raw material costs, project execution risks, and economic fluctuations.
Financials
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹Cr) | 640.09 | 627.68 | 592.22 | 536.9 |
| Revenue (₹Cr) | 208.02 | 512.27 | 350.5 | 337.57 |
| Profit After Tax (₹Cr) | 0.52 | 41.44 | 5.49 | 16.48 |
| Net Worth (₹Cr) | 319.71 | 320.82 | 279.23 | 266.81 |
| Reserves and Surplu (₹Cr) | 300.59 | 303.09 | 258.64 | 261.12 |
| Total Borrowing(₹Cr) | 167.53 | 153.19 | 131.06 | 125.76 |
Subscription Details
IPO Bidding Live Updates from BSE, NSE
| Day | # of Share Offered | Number of Lots Offered | 19th Dec 2024 19:04 | 20th Dec 2024 18:56 | 23rd Dec 2024 18:21 |
|---|---|---|---|---|---|
| QIB | 13,79,122 | 65672 | 0.00x | 0.01x | 17.32x |
| NII | 10,90,870 | 51946 | 0.35x | 1.01x | 14.20x |
| S-NII | 3,63,623 | 17315 | 0.74x | 2.00x | 14.41x |
| B-NII | 7,27,247 | 34631 | 0.16x | 0.52x | 14.09x |
| RII | 25,45,364 | 121208 | 1.04x | 2.02x | 5.56x |
| Total | 50,15,356 | 238826 | 0.60x | 1.25x | 10.67x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 13,79,122 | 2,38,82,166 | 1,674.14 | ||
| NII | 10,90,870 | 1,54,88,340 | 1,085.73 | ||
| Small NII | 3,63,623 | 52,40,088 | 367.33 | ||
| Big NII | 7,27,247 | 1,02,48,252 | 718.40 | ||
| RII | 25,45,364 | 1,41,62,841 | 992.82 | ||
| Total | 50,15,356 | 5,35,33,347 | 3,752.69 |
Company Details
- 101, HDIL Towers, nant Kanekar Marg, Bandra (East), Mumbai-400051
+91 2267049000
- cs@concordenviro.in
- https://www.concordenviro.in/
