Concord Enviro Systems IPO (initial public offerings) is now open. The bidding dates of the IPO are 19 Dec to 23 December. The issue size of the IPO is Rs. 500.33 Crore where Rs. 175 Crore is the fresh issue. The company offers solutions and services related to water treatment. Concord Enviro Systems IPO GMP (grey market premium) Today is trading at a higher level due to high demand in the grey market.
Concord Enviro Systems Ltd is a small-cap company with huge potential to give good returns in the long term. It is because, all over the world the drinkable water is limited and the company is engaged in the business of water treatment.
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Concord Enviro Systems IPO GMP Today
As of 11 Dec 2024, Concord Enviro Systems IPO GMP (grey market premium) Today is trading at Rs. 62. As per the GMP, the estimated listing price of the IPO in NSE and BSE is Rs. 763 (8.84%).
Disclaimer: You should not completely rely on the IPO GMP as it is not an accurate indicator, and its trend may change rapidly anytime. Before applying for an IPO, you should check various things like Brokerage or Expert view, Subscription Levels or Status, Risks Involved, Financials, Industry and Market Conditions, Valuations, Company Fundamentals, Promoters and management, etc.
| Date | Live IPO GMP | EST. Listing Gains | Price Band | IPO Size | Bidding Dates |
|---|---|---|---|---|---|
| 20 Dec 2024 (Today) | ₹62 | ₹763 (8.84%) | ₹665 – ₹701 | ₹500.33 Crore | 19 Dec – 23 Dec 2024 |
About Concord Enviro Systems Ltd
Concord Enviro Systems Ltd company was established in 1991. The company is engaged in providing water and wastewater treatment solutions with its high-tech advanced products. The company provides its services and solutions globally.
The company provides its services to various sectors like Pharmaceuticals, Textiles, Chemicals, distilleries, Automobiles, Food & Beverage, and many more.
Concord Enviro Systems Ltd is a small-cap company with low debt and zero promoter pledges. As per the FY24 report, the company generates 42% of its revenue from exports and 58% from domestic.
IPO Details
Concord Enviro Systems Ltd IPO bidding date starts on 19 December 2024 and closes on 23 December 2024. The price band of the IPO is set to Rs. 665 to Rs. 701. From the IPO, the company is going to raise nearly Rs. 500.33 Crore.
The allotment date of the IPO is set to 20 December, the demat credit date is 26 December and the IPO is going to list in the market on 27 December 2024.
| IPO Type | Mainboard |
| IPO Open Date | 19 December 2024 |
| IPO Close Date | 23 December 2024 |
| IPO Listing Date | 27 December 2024 |
| Refund Date | 26 December 2024 |
| IPO Allotment Date | 24 December 2024 |
| IPO Demat Credit Date | 26 December 2024 |
| IPO Price Band | ₹665 to ₹701 Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹500.33 Crore |
| Fresh Issue | Approx ₹175 Crore |
| Offer For Sale | Approx 46,40,888 Equity Shares |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 50% |
| Retail Quota | Not More Than 35% |
| Prospectus | Click Here |
Profit and Loss
Currently, 5 years of profit and loss data of the company is available. In the profit and loss data, you can see that the company is profitable but its annual profits are not stable. In a few years, the annual net profit is higher but in the next year, the net profit dropped badly.
5 years of annual net profit of the company are, Rs. 8 crore net profit in March 2020, Rs. 20 Crore in March 2021, Rs. 16 Crore in March 2022, Rs. 5 Crore in March 2023, and Rs. 41 Crore in March 2024.
FAQs
As of 20 December, the Concord Enviro Systems IPO GMP (grey market premium) today is trading at Rs. 62. As per the current GMP, the stock is likely to list in the NSE and BSE at Rs. 763 i.e. at a premium of 8.84%.
This is a decent listing gain for the company and investors. The recent IPOs have also given up to 90% of listing gains. MobiKwik is one of those stocks.
Concord Enviro Systems is a small-cap company engaged in the business of water and wastewater treatment. The company offers various services, products, and solutions for water and wastewater treatment in many sectors. The company has a presence globally.
There is low debt i.e. Rs. 159 Crore on the company and cash of Rs. 31.6 Crore. The promoter pledge of the company is zero.
It is the basic company overview, for better decisions you should check the top and leading players of the industry and compare them with the Concord Enviro Systems IPO or company. By comparing, you can automatically understand whether you should apply for the IPO or not.
Praj Industries Ltd, Ion Exchange (India) Ltd, Va Tech Wabag Ltd, Thermax Ltd, Triveni Engineering & Industries Ltd, etc. companies are considered Concord Enviro Systems PEERs.
The Bottom Line
Concord Enviro Systems Ltd is a small-cap company with low debt and zero promoter pledges. The company provides water and wastewater treatment solutions, products, and services to many sectors. It is a probable company from the last few years. Check the Concord Enviro Systems IPO GMP (grey market premium) today.