Concord Enviro Systems IPO

Concord Enviro Systems IPO: Check IPO Date, Live Subscription and Key Details

Founded in 1999, Concord Enviro Systems Limited is a global leader in Zero Liquid Discharge (ZLD) technology and water treatment solutions. The company offers end-to-end services, including design, manufacturing, O&M, and IoT-driven digitalization to help industries meet sustainability goals. With 377 clients across pharmaceuticals, chemicals, and food & beverage, Concord Enviro operates in North America, Africa, the Middle East, and Asia, serving clients like Grasim Industries, LANXESS India, and Diageo Mexico Operaciones.

Min Investment
₹14721
Price Range
₹665.0 - ₹701.0
Issue Size
₹500.33 Cr
IPO Type
Mainboard

Key Metrics

Face Value
₹5
EPS
0.6
P/E Ratio
1171.52
RoNW
12.92%
ROE
13.73%
Debt to Equity
0.47

Timeline

IPO Opens

19 Dec

IPO Closes

23 Dec

Allotment

24 Dec

Listing

27 Dec

IPO Objectives

  • Investment in the 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 the treatment of water, wastewater and related membrane modules (the U.A.E Project)
  • Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (RSSPL), for financing its capital expenditure requirements for the brownfield project to expand the manufacturing facilities, storage and supporting activities (the Vasai Project)
  • Funding capital expenditure requirements of the Company for the purchase of plant and machinery
  • Investment in our 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 the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE
  • Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business
  • Investment in technology and other growth initiatives to access new markets
  • General corporate purposes. (collectively, referred to herein as Objects)

Strengths

  • The company is a leader in zero liquid discharge (ZLD) technology in India and is positioned to tap into global opportunities in industrial wastewater reuse, ranking among the top two ZLD providers in India by revenue.
  • With integrated manufacturing facilities, the company offers a full range of wastewater reuse solutions, ensuring lower costs of ownership for customers throughout the product lifecycle.
  • It has a strong international presence, exporting products and services to over 14 countries in Asia, North Africa, Latin America, and Europe as of August 31, 2024.
  • The company serves a diverse customer base across various industries and regions.

Weaknesses

  • The company relies heavily on its top 10 customers, with over 50% of its revenue coming from them.
  • A significant portion of its revenue is tied to contracts in the Order Book, which may be adjusted, canceled, or suspended, meaning the Order Book may not reflect future revenue or profit.
  • As of August 31, 2024, the Order Book was ₹501.74 crore, with ₹463.19 crore for Fiscal 2024.
  • The company does not own some of its manufacturing facilities and corporate offices, including a proposed assembly unit, and its operations rely on facilities in Vasai and Sharjah.

Financial Performance

Period Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets (₹ Cr.)640.09627.68592.22536.9
Revenue (₹ Cr.)208.02512.27350.5536.9
PAT (₹ Cr.)0.5241.445.4916.48
Net Worth (₹ Cr.)319.71320.82279.23266.81

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Praj Industries11.3248.9823.11830
Ion Exchange..9.3247.2819.72659
Triveni Engg..3.4932.3410.781762

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