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Issue Open Date
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19-Dec-24
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Issue Closing Date
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23-Dec-24
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Application Money
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100
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Allotment Money
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Price Band
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665
-
701
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Minimium Application No.
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21
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Issue Size (Shares)
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5015356
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Market Lot
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1
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Objective
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1.Investment in our 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 treatment of water, waste water and related membrane modules (the “U.A.E Project”);2. Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”) for financing its capital expenditure requirements for the brown field project to expand the manufacturing facilities, storage and supporting activities (the “Vasai Project”);3. Funding capital expenditure requirements of our Company for purchase of plant and machinery;4. 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;5. Investment in our wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;6. Investment in our joint venture, Roserve Enviro Private Limited to grow our pay per use/pay as you treat business;7. Investment in technology and other growth initiatives for access to new markets; and8. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1090870
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15488928
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14.1986927864915
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Qualified Institutional Buyers
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1379122
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23882166
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17.3169349774712
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Retail Individual Investors
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2545364
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14163492
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5.56442693461525
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Business Description
We are a leading global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology, in terms of revenue from operations, as on March 31, 2024 (Source: 1Lattice Report). We have in-house capabilities to develop solutions across the entire value chain including designing, manufacturing, installation and commissioning, operation and maintenance (“O&M”) and digitalization solutions including Internet of Things (“IoT”). We are an integrated provider of wastewater treatment and ZLD solutions, with focus upon energy optimization and recovery helping industries achieve water conservation and sustainability goals. (Source: 1Lattice Report) Our reach extends to diverse regions, with exports to countries in North America, Latin America, Africa, Middle East and Southeast Asia and a large customer base of 377 customers across the globe as of March 31, 2024.
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Promoter's Holding
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Total Share Capital
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27975609
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Offered to Public
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7272466
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Promoter's Holding (Pre-Issue)
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60.93
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Promoter's Holding (Post-Issue)
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51.39
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Address |
101
H D I L Towers
Anant Kanekar Marg
Bandra (East)
Mumbai,
Maharashtra,
400051
Phone : 022 67049000
Email : cs@concordenviro.in
Website : www.concordenviro.in
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Equirus Capital Pvt Ltd
Motilal Oswal Investment Advisors Pvt Ltd
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Promoters |
Prayas Goel
Prerak Goel
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