Concord Enviro Systems Limited has announced its IPO, aggregating up to ₹500.33 crore, through a book-built issue comprising a fresh issue of ₹175 crore and an offer for sale (OFS) of ₹325.33 crore. The IPO is open for subscription from December 19, 2024, to December 23, 2024, with the tentative listing date set for December 27, 2024, on the BSE and NSE.
IPO Details
- Price Band: ₹665 to ₹701 per share
- Lot Size: 21 shares
- Face Value: ₹5 per share
- Issue Size: 71,37,321 shares (₹500.33 crore)
- Fresh Issue: 24,96,433 shares (₹175 crore)
- Offer for Sale: 46,40,888 shares (₹325.33 crore)
Subscription Timeline
- Anchor Investor Bidding Date: December 18, 2024
- IPO Open Date: December 19, 2024
- IPO Close Date: December 23, 2024
- Basis of Allotment: December 24, 2024
- Refund Initiation: December 26, 2024
- Shares Credited to Demat Accounts: December 26, 2024
- Listing Date: December 27, 2024
Lot Size and Investment
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,721 |
| Retail (Max) | 13 | 273 | ₹1,91,373 |
| S-HNI (Min) | 14 | 294 | ₹2,06,094 |
| S-HNI (Max) | 67 | 1,407 | ₹9,86,307 |
| B-HNI (Min) | 68 | 1,428 | ₹10,01,028 |
Anchor Investors
- Anchor Bid Date: December 18, 2024
- Portion Raised: ₹150.10 crore
- Shares Allotted: 21,41,195 shares
- Lock-in Period:
- 50% shares: Until January 23, 2025
- Remaining shares: Until March 24, 2025
Grey Market Premium (GMP)
As of December 19, 2024, the GMP is ₹70 per share, indicating an expected listing price of ₹771, which is a 9.99% gain over the cap price of ₹701.
About Concord Enviro Systems Limited
Established in 1999, Concord Enviro Systems is a leading global provider of water and wastewater treatment solutions, specializing in Zero Liquid Discharge (ZLD) technology. The company offers a comprehensive range of services, including design, manufacturing, installation, and operation & maintenance (O&M). Concord’s innovative solutions prioritize energy optimization and sustainability goals, helping industries achieve water conservation objectives.
The IPO is managed by Motilal Oswal Investment Advisors Limited and Equirus Capital Private Limited, with Link Intime India Private Ltd as the registrar.
