IPO Key Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 19 December, 2024 |
| IPO Close Date | 23 December, 2024 | |
| Pricing Information | Face Value | ₹5 per share |
| Price Band | ₹665 to ₹701 per share | |
| Offer for Sale | 46,40,888 Equity Shares of ₹5 (amounting up to ₹325.33 Cr) | |
| Offer Structure | Total Issue Size | 71,37,321 Equity Shares (amounting up to ₹500.33 Cr) |
| Fresh Issue | 24,96,433 Equity Shares (amounting up to ₹175.00 Cr) | |
| Investor Details | Lot Size | 21 Shares |
| Listing Exchange | BSE, NSE | |
| IPO Type | Book Built Issue |
Key Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | 19 December, 2024 (Thursday) |
| IPO Closing Date | 23 December, 2024 (Monday) |
| Finalisation of Basis of Allotment | 24 December, 2024 (Tuesday) |
| Initiation of Refunds | 26 December, 2024 (Thursday) |
| Credit of Shares to Demat Account | 26 December, 2024 (Thursday) |
| Listing Date | 27 December, 2024 (Friday) |
What is GMP of Concord Enviro System IPO Today?
As of December 20, 2024, the Grey Market Premium (GMP) for the Concord Enviro Systems IPO is ₹70. This indicates that the shares are expected to list at approximately ₹771 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standing
| Period | FY 24 (₹ Crore) | FY 23 (₹ Crore) | FY 22 (₹ Crore) |
|---|---|---|---|
| Total Assets | 627.68 | 592.22 | 536.9 |
| Total Revenue | 512.27 | 350.5 | 337.57 |
| Total Expense | 467.57 | 343.3 | 319.88 |
| Profit After Tax | 41.44 | 5.49 | 16.48 |
| Company’s Net Worth | 320.82 | 279.23 | 266.81 |
| Total Reserves & Surplus | 303.09 | 258.64 | 261.12 |
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 14.07% |
| Return on Equity (ROE) | 13.73% |
| Debt to Equity Ratio | 0.47 |
| Return on Net Worth (RoNW) | 12.92% |
| EBITDA Margin (%) | 16.33% |
| After Tax Profit Margin (%) | 8.34% |
| Net Asset Value (NAV) | ₹177.23 |
| Earnings Per Share (EPS) | ₹22.77 |
| Price to Book Value (P/BV) | * |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 21 | ₹14,721 |
| Retail Investor (Maximum Lot) | 13 | 273 | ₹1,91,373 |
| Small HNI Investor (Minimum Lot) | 14 | 294 | ₹2,06,094 |
| Small HNI Investor (Maximum Lot) | 67 | 1,407 | ₹9,86,307 |
| Big HNI Investor (Minimum Lot) | 68 | 1,428 | ₹10,01,028 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 75% of the Net Issue |
| Shares Reserved for Retail Investors | 10% of the Net Issue |
| Shares Reserved for Non-Institutional Investors (NII) | 15% of the Net Issue |
Cash Flow Overview
| Net Cash Flow | FY 2024 (₹ in crores) | FY 2023 (₹ in crores) | FY 2022 (₹ in crores) |
|---|---|---|---|
| Net Cash Flow from Operating Activities | -346.68 | 1,173.63 | 490.34 |
| Net Cash Flow from Investing Activities | -32.69 | -498.30 | -278.85 |
| Net Cash Flow from Financing Activities | -40.67 | -268.79 | -119.70 |
| Net Increase/(Decrease) in Cash and Cash Equivalents | -420.04 | 406.54 | 91.79 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | Face Value (₹) | EPS Basic (₹) | P/E Ratio |
|---|---|---|---|
| Concord Enviro Systems Limited | 5.00 | 22.77 | N.A. |
| Praj Industries Limited | 2.00 | 15.42 | 50.42 |
| Ion Exchange (India) Limited | 1.00 | 16.53 | 41.80 |
| VA Tech Wabag Limited | 2.00 | 39.49 | 34.41 |
| Thermax Limited | 2.00 | 57.28 | 76.41 |
| Triveni Engineering and Industries Limited | 1.00 | 18.05 | 24.99 |
Key Objectives of this IPO
The funds raised through this issue will be used for the following purposes.
- Set up a new assembly unit for water treatment systems.
- Expand manufacturing facilities in India.
- Buy plant and machinery for operations.
- Repay outstanding loans.
- Working capital requirements.
- Invest in technology for market expansion.
- General corporate expenses.
Commonly Asked Questions
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Concord Enviro Systems IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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