Concord Enviro Systems IPO
Concord Enviro Systems IPO — date, price band, lot size & details 2024
Concord Enviro Systems listed on 27 Dec 2024 at ₹826, 17.8% above the ₹701 issue price.
Concord Enviro Systems provides water and wastewater treatment and reuse solutions, including zero liquid discharge systems, from design to O&M. Its total income was Rs 512.27 crore in FY2024.
Stock price
Concord Enviro Systems is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 19 Dec 2024
- Close 23 Dec 2024
- Allotment 24 Dec 2024
- Refund/credit 26 Dec 2024
- Listing 27 Dec 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 23 Dec, 2024 |
|---|---|
| Price Band | ₹665 – ₹701 |
| Face Value | ₹5 |
| Lot Size | 21 Shares |
| Issue Size | ₹500.33 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,721 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 21 shares at the ₹701 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 21 | ₹14,721 |
| Retail (max) | 13 | 273 | ₹1,91,373 |
| S-HNI (min) | 14 | 294 | ₹2,06,094 |
| S-HNI (max) | 67 | 1,407 | ₹9,86,307 |
| B-HNI (min) | 68 | 1,428 | ₹10,01,028 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 337.57 crore in FY2022 to Rs 512.27 crore in FY2024.
- 02Profit after tax rose from Rs 5.49 crore in FY2023 to Rs 41.44 crore in FY2024.
- 03The pre-issue P/E was 30.79 at the upper band of Rs 701, based on EPS of Rs 22.77.
- 04Rs 175.00 crore of the issue was fresh capital.
- 05It offers ZLD technology across design, manufacturing and O&M, and net worth was Rs 319.71 crore.
Risks · 5
- 01Profit was only Rs 0.52 crore in the five months to 31 August 2024.
- 02Profit swings sharply, from Rs 16.48 crore in FY2022 to Rs 5.49 crore in FY2023.
- 03Rs 325.33 crore of the issue was offer for sale.
- 04Total borrowing rose to Rs 167.53 crore on 31 August 2024, and orders depend on industrial capex.
- 05Promoters and the promoter group held 60.93% before the issue and 51.39% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Concord Enviro Systems offer document.
| Metric | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 640.09 | 627.68 | 592.22 | 536.90 |
| Total Income | 208.02 | 512.27 | 350.50 | 337.57 |
| Profit After Tax | 0.52 | 41.44 | 5.49 | 16.48 |
| NET Worth | 319.71 | 320.82 | 279.23 | 266.81 |
| Total Borrowing | 167.53 | 153.19 | 131.06 | 125.76 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Concord Enviro Systems RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Concord Enviro Systems IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹22.77 | ₹0.60 |
| P/E Ratio (x) | 30.79 | 1,171.52 |
| Market Cap at Offer Price (₹ Cr) | ₹16.01 | ₹607.53 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹701 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹162.90 Cr of the issue is earmarked to named objects.
About the company
ZLD systems recycle and recover clean water from industrial effluent, leaving only solid waste. It has in-house skills across the value chain, from design and manufacturing to installation, commissioning and operations and maintenance.
Its promoters are Prayas Goel and Prerak Goel.
The IPO was Rs 500.33 crore, with Rs 175.00 crore of fresh issue and Rs 325.33 crore of offer for sale by investor AF Holdings and promoter group members. Fresh money was planned for its subsidiaries, new technologies and repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Concord Enviro Systems IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Motilal Oswal Investment Advisors
58 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: R K Swamy (-13.2%).
Equirus Capital Pvt.Ltd.
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Concord Enviro Systems?
The current Grey Market Premium is ₹107, or 15% over the issue price.
What is the Concord Enviro Systems IPO price band?
₹665 to ₹701, on a face value of ₹5.
When is the allotment?
The basis of allotment is 24 December 2024, with listing on 27 December 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
