Concord Enviro Systems, a leader in industrial wastewater solutions, is launching its IPO to raise funds for various business developments. Known for their innovation in Reverse Osmosis and Green ZLD (Zero Liquid Discharge) solutions, the company has played a pivotal role in shaping the circular economy since its inception in 1992. With over 30 years of experience, Concord Enviro Systems has continued to innovate and develop cutting-edge technologies to treat wastewater and create sustainable solutions for industries worldwide.

About Concord Enviro Systems IPO

The Concord Enviro Systems IPO, with a size of ₹500.33 Crores, is structured as a combination of a Fresh Issue and an Offer for Sale. The Fresh Issue consists of 24.96 Lakh shares worth ₹175.00 Crores, and the Offer for Sale is of 46.40 Lakh shares, totaling ₹325.32 Crores. The IPO will open for subscription on December 19, 2024, and close on December 23, 2024. The price band for this IPO is ₹665 to ₹701 per equity share.

For those interested in subscribing, the market capitalization at the upper price band of ₹701 will be ₹1,450.80 Crores. The lot size for the IPO is 21 shares, and the retail investors need to invest a minimum of ₹14,721. High Net-Worth Individuals (HNIs) are required to invest in 14 lots (294 shares), totaling ₹2,06,094.

Concord Enviro Systems IPO Subscription Status

As of December 23, 2024, the IPO has been subscribed 2.04 times. This means there is strong interest in the IPO, indicating that investors are anticipating positive returns once the shares are listed. For more live updates on the subscription status, you can visit Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News.

Concord Enviro Systems IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) of Concord Enviro Systems IPO is currently ₹154, indicating a 21.97% premium over the IPO price. This suggests a positive sentiment towards the IPO, with investors expecting good listing gains. However, the GMP is a reflection of market sentiment and does not guarantee actual listing price.

Note: Trading in the grey market is unregulated, and it is not recommended as a basis for making investment decisions. The GMP can fluctuate based on demand and supply in the unregulated market.

Objectives of Concord Enviro Systems IPO

Concord Enviro Systems plans to use the proceeds from the IPO for multiple purposes:

1. Investment in Subsidiaries: A significant portion will be directed towards their wholly owned subsidiary, Concord Enviro FZE, for setting up new projects and expanding manufacturing facilities.
2. Debt Reduction: Part of the proceeds will be utilized to repay outstanding borrowings, helping reduce the company's liabilities and improve its financial health.
3. Working Capital Needs: The IPO will also fund the working capital requirements of their subsidiaries, ensuring smooth operations.
4. Technological Advancements: Concord Enviro Systems intends to invest in technology and infrastructure to enhance their product offerings and access new markets.

How to Check Concord Enviro Systems IPO Allotment Status

The allotment of shares for Concord Enviro Systems IPO is expected to be finalized on December 24, 2024. Investors can check their allotment status through the registrar's website by following these steps:

1. Visit the registrar's allotment status page.
2. Select Concord Enviro Systems IPO from the dropdown.
3. Enter your application number, PAN, or DP Client ID.
4. Submit the details to check your allotment status.

Remember: Only those who have been allotted shares will see their application status as "Allotted."

Should You Invest in Concord Enviro Systems IPO?

Based on the company's financial performance, including a Revenue of ₹5,122.74 Million in the fiscal year 2023, and a P/E ratio of 30.79x, Concord Enviro Systems IPO is fairly priced compared to the industry average of 49x. The Return on Capital Employed (ROCE) for FY24 is 14.07%, and the Return on Equity (RoE) is 13.73%, making it a potentially strong investment for long-term growth.

However, given the negative profit reported for the period ending August 31, 2024, investors should carefully consider the risks involved. IPO valuation metrics suggest that the IPO is priced attractively, but a cautious approach is advisable.

Conclusion: For investors looking for a long-term investment in the wastewater treatment and industrial sustainability sectors, Concord Enviro Systems offers a promising opportunity. However, those aiming for listing gains should evaluate market conditions and consider waiting for post-listing performance.

The Upcoming IPOs in this week and coming weeks are Solar91 Cleantech, Anya Polytech, Rosmerta Digital, Indo Farm, and Avanse Financial. The Current active IPO is Unimech Aerospace, Ventive Hospitality, Senores Pharmaceuticals, Carraro India, Transrail Lighting, Mamata Machinery, DAM Capital, Sanathan Textiles, Concord Enviro and Newmalayan Steel. For more details on upcoming IPOs, you can visit our page at  and stay updated with the latest news on IPO updates on . Join our  for regular Stock Market Trading and Investment Calls by  - SEBI Registered Research Analyst &  for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance SaathiTop News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance SaathiTrading with CA Abhay Telegram ChannelCA Abhay VarnFinance Saathi Telegram ChannelChoice Broking FinX.