Concord Enviro Systems Limited, a well-known name in the water and wastewater treatment industry, is gearing up to launch its Initial Public Offering (IPO) on December 19, 2024. The company plans to raise ₹500.33 crore through the issue, with a price band set at ₹665 to ₹701 per equity share. However, Concord Enviro Systems IPO Grey Market Premium for the IPO, as of December 18, 2024, stands at ₹0, signaling that there is no premium in the grey market currently. Let’s dive into the details and explore whether this IPO deserves your attention.
Concord Enviro Systems IPO Grey Market Premium
The Grey Market Premium (GMP) is often used as a barometer to gauge the demand and sentiment for an IPO before it gets listed. For Concord Enviro Systems, the GMP is currently ₹0, which means there isn’t any premium being offered over the issue price. While this doesn’t always reflect the future performance, it’s worth noting that a neutral GMP may indicate muted enthusiasm among early investors.
Concord Enviro Systems IPO Details
| Particulars | Details |
|---|---|
| Issue Size | ₹500.33 crore (₹175 crore fresh issue + OFS of 46.40 lakh shares) |
| Price Band | ₹665 to ₹701 per equity share |
| Lot Size | 21 shares and multiples thereof |
| IPO Type | Book Built Issue |
| Qualified Institutional Buyers (QIB) | Up to 50% of the issue size |
| Non-Institutional Investors (NII) | Up to 15% of the issue size |
| Retail Individual Investors (RII) | Up to 35% of the issue size |
| IPO Open Date | December 19, 2024 |
| IPO Close Date | December 23, 2024 |
| Basis of Allotment Finalization | December 24, 2024 |
| Refunds Initiation | December 26, 2024 |
| Credit of Shares to Demat Account | December 26, 2024 |
| Listing Date | December 27, 2024 |
Concord Enviro Systems Company Overview and Operating Model
Founded in 1999, Concord Enviro Systems specializes in designing and delivering end-to-end water and wastewater treatment solutions. The company’s expertise lies in advanced zero-liquid discharge (ZLD) systems, which are critical for industries aiming for sustainable waste management. Concord Enviro not only designs and manufactures these systems but also handles their installation, operation, and maintenance. With a strong focus on integrating digital tools like IoT into its systems, the company serves industries such as pharmaceuticals, chemicals, food and beverage, and steel.
Concord Enviro Systems– Financial Results
| Period | Revenue from Operations (₹ in crore) | EBITDA (₹ in crore) | Profit After Tax (₹ in crore) |
|---|---|---|---|
| FY 2021-22 (Ended March 31, 2022) | ₹329.37 | ₹61.43 | ₹16.48 |
| FY 2022-23 (Ended March 31, 2023) | ₹343.22 | ₹49.58 | ₹5.49 |
| FY 2023-24 (Ended March 31, 2024) | ₹496.86 | ₹81.15 | ₹41.44 |
| 5 Months Ended August 31, 2024 | ₹206.17 | ₹15.11 | ₹0.52 |
Key Review: Should You Apply?
Concord Enviro Systems operates in a niche sector with growing relevance, thanks to the increasing demand for sustainable water treatment solutions. Its focus on advanced technologies like ZLD positions it as a key player in the industry. However, the lack of a Grey Market Premium and modest profitability raise questions about immediate returns. Potential investors should weigh the company’s growth prospects against their investment goals and risk appetite.
Pravin Bhosale
I am finance blogger with a Bachelor’s degree in Electrical Engineering. Since stepping into the world of trading in 2019, i have gained valuable experience navigating the markets, have knowldge in indices like Bank Nifty, Nifty IT, Sensex, Bankex, and Finifty. our blog aims to make finance approachable, offering practical insights for readers to better understand and act on market trends.
Top 5 FAQs
- What are the IPO dates for Concord Enviro Systems?
The IPO opens on December 19, 2024, and closes on December 23, 2024. - What is the price band for the Concord Enviro Systems IPO?
The price band is set between ₹665 and ₹701 per equity share. - What is the Grey Market Premium (GMP) for the IPO?
As of now, the GMP is ₹0, indicating neutral sentiment in the grey market. - What is the minimum lot size for investors?
The minimum lot size is 21 shares, and bids must be made in multiples of 21 shares. - When will the shares be listed on the stock exchanges?
The shares are expected to be listed on December 27, 2024, on both the BSE and NSE.
With Concord Enviro Systems IPO drawing attention, it’s crucial to assess the company’s strengths and financial health before making a decision. Use this detailed review to guide your choice!