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Concord Enviro Systems Limited IPO

Concord Enviro Systems Limited IPO

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Listed Price: ₹ 826.00 (+17.83%)

Concord Enviro Systems Limited's successfully completed its Initial Public Offering and commenced trading on 27-12-2024 at the NSE, BSE exchange. The company raised 71,37,321 Shares through this public offering, comprising 24,96,433 Shares in fresh capital and ₹325.33 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹665 to ₹701, with minimum application lots of 21 shares. The offering attracted significant investor interest during its subscription period from 19-12-2024 to 23-12-2024.

Share allotment was finalized on 24-12-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Concord Enviro IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Concord Enviro IPO Key Performance Indicator
Company Financials ( In Crores )

Concord Enviro IPO About Company

Concord Enviro Systems Limited, established in July 1999, is a global provider of advanced water and wastewater treatment and reuse solutions, with a strong focus on zero-liquid discharge (ZLD) systems. The company delivers end-to-end services—from design, manufacturing, and installation to operation, maintenance, and IoT-enabled digital monitoring—serving industries such as pharmaceuticals, chemicals, food and beverage, and textiles. With two manufacturing facilities in India and the UAE, Concord Enviro supports a worldwide client base of 377 customers across North America, Latin America, Africa, the Middle East, and Southeast Asia. The company is known for executing major ZLD and sustainability-focused projects for multinational clients, including Diageo Mexico and others in Mexico and the United States. Its in-house R&D team, comprising 21 specialists as of March 31, 2024, drives innovation in water treatment and energy-efficient solutions.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Concord Enviro IPO Strength Factors

  1. Market Leadership: A leading player in ZLD technology, helping industries meet sustainability targets.
  2. Integrated Solutions: Provides end-to-end water and wastewater treatment systems with backward-integrated manufacturing.
  3. Global Presence: Strong export footprint across North America, Latin America, Africa, the Middle East, and Southeast Asia.

Concord Enviro IPO Risk Factors

  1. Manufacturing Dependency: The company is highly dependent on its Vasai and Sharjah manufacturing units. Any operational disruption, cost escalation, or downtime at these facilities can directly impact production and overall business continuity.
  2. Low Capacity Utilization: Persistent low capacity utilization has elevated production costs and compressed profit margins. This trend may continue to weigh on future financial performance unless utilization improves.
  3. Customer Concentration: More than 50% of revenue is derived from the top 10 customers. Additionally, significant reliance on government clients exposes the business to risks such as order delays, cancellations, and unpredictable payment cycles.

Concord Enviro IPO Lead Manager(s)

  • Motilal Oswal Investment Advisors Limited
  • Equirus Capital Private Limited

Concord Enviro IPO Promoter(s)

  1. Prayas Goel
  2. Prerak Goel

Concord Enviro IPO Company Details

Concord Enviro Systems Limited
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Concord Enviro IPO Registrar

Link Intime India Private Limited
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Concord Enviro IPO FAQs