Concord Enviro Systems
Book Building issueMainboardNSE₹500 Cr issue
+18.69%
Listing gain over issue price
Issue size
₹500 Cr
1 lot at cut-off
₹14,721
Lot size
21shares
Open
19 Dec 2024
Close
23 Dec 2024
Allotment
24 Dec 2024
Listing
27 Dec 2024
Listing performance
Issue price
₹701
Listed at
₹832
Listing-day close
₹828.45
Latest price
₹229.90
Close on 23 Oct 2026
Listing gain
+18.69%
Return since issue
-67.20%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 19 Dec 2024 – 23 Dec 2024
- Listing date
- 27 Dec 2024
- Face value
- ₹5 per share
- Issue price
- ₹701 per share
- Lot size
- 21 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹500 Cr
- Market cap at offer price
- ₹1,451 Cr
- Promoter holding
- 60.93% → 51.39% pre-issue → post-issue
- ISIN
- INE037Z01029
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Motilal Oswal Investment Advisors Ltd.
- Registered office
- 101, HDIL Towers, nant Kanekar Marg, Bandra (East), Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 21,41,195 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 21 shares per lot, in multiples, at ₹701
| Application | 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 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
21,41,195
Anchor portion
₹150 Cr
at ₹701 per share
Valuation and performance
Valuation at offer price
₹701 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 22.77 | 0.60 |
| P/E (×) | 30.79 | 1,168.33 |
| Price to book (×) | 3.96 | — |
| Market cap | — | ₹1,451 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 12.92%
- ROCE
- 14.07%
- Debt / equity
- 0.47
- PAT margin
- 8.34%
- NAV per share
- ₹177.23
- Price to book
- 3.96
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Concord Enviro Systems
Concord Enviro Systems Limited, incorporated in 1999 and converted to a public company in 2022, is a provider of water and wastewater treatment and reuse solutions, including zero liquid discharge technology. The company develops comprehensive solutions across the entire value chain including designing, manufacturing, installation and commissioning, operations and maintenance (O&M), and digitalization solutions including IoT. It serves 310 customers worldwide as of August 31, 2024, with 55.61% revenue from domestic customers and 44.39% from international customers during the five-month period ended August 31, 2024. The company generates revenue through three main sources: sale of systems and plants, operations and maintenance of installed plants, and supply of consumables and spares for installed plants. It exports to North America, Latin America, Africa, the Middle East, and Southeast Asia.
Company Analysis
from RHPConcord Enviro Systems Limited provides water and wastewater treatment, reuse, and zero liquid discharge (ZLD) solutions spanning industrial effluent management, membrane-based systems, and operations & maintenance services.
Concord Enviro Systems Limited, incorporated in 1999 and converted to a public company in 2022, is a provider of water and wastewater treatment and reuse solutions, including zero liquid discharge technology. The company develops comprehensive solutions across the entire value chain including designing, manufacturing, installation and commissioning, operations and maintenance (O&M), and digitalization solutions including IoT. It serves 310 customers worldwide as of August 31, 2024, with 55.61% revenue from domestic customers and 44.39% from international customers during the five-month period ended August 31, 2024. The company generates revenue through three main sources: sale of systems and plants, operations and maintenance of installed plants, and supply of consumables and spares for installed plants. It exports to North America, Latin America, Africa, the Middle East, and Southeast Asia.
water and wastewater treatmentindustrial effluent managementzero liquid discharge (ZLD) technologymembrane-based treatment systemsoperations and maintenance services
Objects of the Issue
- Investment in 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 ₹250.00 million p.25
- Investment in 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 ₹105.05 million p.25
- Funding capital expenditure requirements of our Company for purchase of plant and machinery ₹32.07 million p.25
- Investment in wholly owned Subsidiary, CEF for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by CEF ₹500.00 million p.25
- Investment in wholly owned Subsidiary, CEF, for funding working capital requirements of CEF ₹200.00 million p.25
- Investment in joint venture, Roserve Enviro Private Limited to grow our 'pay per use/pay as you treat' business ₹100.00 million p.25
- Investment in technology and other growth initiatives for access to new markets ₹235.00 million p.25
- General Corporate Purposes p.25
- Investment in wholly owned Subsidiary Concord Enviro FZE 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 ₹250.00 million p.83
- Investment in wholly owned Subsidiary Rochem Separation Systems (India) Private Limited for financing its capital expenditure requirements for the brown field project to expand the manufacturing facilities, storage and supporting activities ₹105.05 million p.83
- Funding capital expenditure requirements of the Company for purchase of plant and machinery ₹32.07 million p.84
- Investment in 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 ₹500.00 million p.84
- Investment in wholly owned Subsidiary Concord Enviro FZE for funding working capital requirements of Concord Enviro FZE ₹200.00 million p.84
- Investment in joint venture Roserve Enviro Private Limited to grow pay per use/pay as you treat business ₹100.00 million p.84
- Investment in technology and other growth initiatives for access to new markets ₹235.00 million p.84
- General corporate purposes p.84
- Investment in 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 (U.A.E. Project) ₹250.00 million p.131
- Investment in 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 (Vasai Project) ₹105.05 million p.131
- Funding capital expenditure requirements of our Company for purchase of plant and machinery ₹32.07 million p.131
- Investment in 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 CEF ₹500.00 million p.131
- Investment in wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE ₹200.00 million p.131
- Investment in joint venture, Roserve Enviro Private Limited to grow pay per use/pay as you treat business ₹100.00 million p.131
- Investment in technology and other growth initiatives for access to new markets ₹235.00 million p.131
- General corporate purposes p.131
- Working capital requirements of the subsidiary CEF (Concord Enviro FZE) for Fiscal 2025 to Fiscal 2027 ₹200.00 million p.143
- Investment in joint venture, Roserve Enviro Private Limited to grow the pay per use/pay as you treat business ₹100.00 million p.145
- Investment in technology and other growth initiatives for access to new markets ₹235.00 million p.147
- General corporate purposes p.148
- Add new capacity for the manufacture of membrane modules, WHE modules and containerised plants by building a new assembly unit near its existing facility in Sharjah ₹250.00 million p.257
Issue Structure
- Total Issue
- Up to [●] Equity Shares of face value of ₹5 each, aggregating up to ₹[●] million
- Fresh Issue
- Up to [●] Equity Shares of face value of ₹5 each, aggregating up to ₹1,750.00 million
- Offer for Sale
- Up to 4,640,888 Equity Shares of face value of ₹5 each, aggregating up to ₹[●] million by the Selling Shareholders
- Price Band
- [●] per Equity Share (Floor Price) to [●] per Equity Share (Cap Price)
- Lot Size
- [●] Equity Shares
- Face Value
- ₹5 each
Business Model
The company operates through a three-pronged revenue model: (1) sale of water and wastewater treatment systems and plants, which accounted for 48.01% of revenue in the five-month period ended August 31, 2024; (2) operations and maintenance (O&M) services for installed plants, representing 32.09% of revenue; and (3) sale of consumables and spare parts, contributing 19.89% of revenue. The company has in-house capabilities for designing, manufacturing, installation, commissioning, and O&M services.
Business Segments
Manufacture and sale of water and wastewater treatment, reuse and zero liquid discharge systems and plants and turnkey solutions including effluent treatment plants, anaerobic digestors, membrane bio-reactors, sewage treatment plants, membrane-based systems including ultra-filtration, nano-filtration, reverse osmosis, desalination systems and waste heat evaporators
Operation and maintenance services for installed plants
Supply of consumables and spare parts for installed plants
Manufacturing and selling water and wastewater treatment systems and plants including reverse osmosis plants, membrane bioreactors, waste heat evaporators, and integrated ZLD solutions
Supplying consumables, spare parts, membranes, chemicals, and other replacement components for water treatment systems
Providing operations and maintenance services for water treatment systems under rental agreements and service contracts
Manufacture and sale of water and wastewater treatment, reuse and ZLD systems and turnkey solutions including effluent treatment plants, anaerobic digestors, membrane bio-reactors, sewage treatment plants, membrane-based systems including ultra-filtration (UF), nano-filtration (NF), reverse osmosis (RO), desalination systems and waste heat evaporators (WHE)
Operations and maintenance services
Manufacture and sale of consumables and spare parts (including membranes, plants chemicals and consumables)
Manufacture and sale of water and wastewater treatment, reuse and ZLD systems and plants including turnkey solutions and effluent treatment plants, anaerobic digestors, membrane bio-reactors, sewage treatment plants, membrane-based systems including ultra-filtration (UF), nano-filtration (NF), reverse osmosis (RO), desalination systems and waste heat evaporators (WHE). This includes both turnkey basis and pay-per-use basis offerings.
Operations and maintenance services for installed systems and plants.
Manufacture and sale of consumables and spare parts including membranes, plant chemicals and consumables.
Manufacture and sale of water and wastewater treatment, reuse and ZLD systems and plants including effluent treatment plants, anaerobic digestors, membrane bio-reactors, sewage treatment plants, membrane-based systems (ultra-filtration, nano-filtration, reverse osmosis), desalination systems and waste heat evaporators.
Operations and maintenance services for installed plants, including providing trained manpower, preventive maintenance, and supply of consumables and spare parts. O&M contracts typically range from one to three years.
Manufacture and sale of consumables and spare parts including membranes, plant chemicals and consumables for installed plants.
Treatment plants including membrane-based plants and waste heat evaporators for industrial wastewater reuse and ZLD solutions, sold on turnkey basis or rental basis
Supply of consumable and spare parts required for normal operations of installed systems, including membranes, modules, electromechanical parts, and chemicals
All-in-one O&M contracts including operations, maintenance and supply of consumables and spares, typically for 1-3 year terms, with 146 customers as of August 31, 2024
Manufacture and sale of water and wastewater treatment, reuse and ZLD systems and plants and turnkey solutions including effluent treatment plants, anaerobic digestors, membrane bio-reactors, sewage treatment plants, membrane-based systems including ultra-filtration (UF), nano-filtration (NF), reverse osmosis (RO), desalination systems and waste heat evaporators (WHE)
Operations and maintenance services including supervision service, technical consultancy, design services and manpower management services
Manufacture and sale of consumables and spare parts including membranes, plant chemicals and consumables required for maintaining RO plants
SWOT Analysis
Strengths
- • In-house design, manufacturing, installation, commissioning and O&M capabilities across entire value chain(p.23)
- • Diversified revenue streams from systems sales, O&M services, and consumables/spares(p.23)
- • Global geographic reach across multiple regions and 310+ customers as of August 31, 2024(p.23)
- • Strong order book of ₹5,017.46 million as of August 31, 2024(p.39)
- • Advanced pre-treatment technology with enhanced energy recovery(p.46)
- • Innovative ultrafiltration module with high recovery rates and low operating costs(p.46)
- • Cost-effective RO technology for high-TDS wastewater handling(p.46)
- • Waste heat evaporator capability with corrosive material handling(p.46)
- • Solvent and chlorine-resistant membranes with reduced fouling(p.46)
- • Global manufacturing presence with facilities in India and UAE(p.93)
- • International revenue diversification across Asia, Middle East, Africa and Europe(p.93)
- • Significant order book for systems and plants(p.133)
- • Integrated solutions provider with backward-integrated manufacturing capabilities(p.146)
- • Leading position in ZLD solutions market in India(p.146)
- • First-mover advantage with innovative UHPRO technology(p.146)
- • Global presence and established international markets(p.146)
- • Strong revenue growth trajectory(p.156)
- • Significant operating margin improvement(p.156)
- • Successful diversification into CBG plants(p.146)
- • Strong manufacturing capacity with offshore operations(p.146)
- • Leading ZLD solutions provider in India with advanced proprietary technology(p.252)
- • Integrated end-to-end solutions across entire value chain from design to O&M(p.252)
- • In-house membrane manufacturing and proprietary UHPRO technology reducing energy consumption by 30%(p.252)
- • Strong repeat business with 92.82% revenue from repeat customers in FY24(p.249)
- • Gross margin of 47.10% significantly outperforming peer average(p.244)
- • Established global presence with operations in North America, Latin America, Africa, Middle East and Southeast Asia(p.253)
- • Strong revenue growth of 44.76% YoY in FY24 driven by international expansion(p.256)
Weaknesses
- • Low capacity utilization at manufacturing facilities(p.35)
- • High dependence on limited number of top 10 customers representing over 50% of revenue(p.37)
- • Reliance on leased premises for manufacturing facilities and corporate office with no ownership(p.41)
- • Significant dependence on limited supplier base with top 10 suppliers representing 43.80% of COGS(p.43)
- • Multiple subsidiaries incurring losses in recent periods(p.44)
- • Low R&D investment at only 0.31% of total expenses as of August 31, 2024(p.45)
- • Significant R&D execution risk with high upfront costs and uncertain timelines(p.46)
- • Heavy dependence on a few large customers driving revenue(p.73)
- • Untraceable corporate records and regulatory compliance gaps(p.57)
- • Past violation of Companies Act regarding unsecured loans to related parties(p.58)
- • High working capital requirements and reliance on bank financing(p.53)
- • Delays in statutory dues payment(p.60)
- • Low PAT margins and significant finance costs(p.58)
- • Outstanding litigation including logo infringement suit(p.58)
- • Low and volatile capacity utilization at manufacturing facilities(p.133)
- • Significant outstanding debt burden requiring repayment(p.141)
- • Concentrated manufacturing capacity with narrow production focus(p.94)
- • Weak profitability in recent periods(p.97)
- • Significant working capital requirements(p.143)
- • High debtor days indicating prolonged payment collection(p.156)
- • Substantial inventory holding requirements(p.156)
- • Dependence on capital-intensive business model(p.146)
- • High attrition rate in workforce(p.157)
- • High customer concentration with top 10 customers accounting for 54.69% of FY25 H1 revenue(p.255)
- • Significant deterioration in profitability with PAT margin declining to 0.25% in FY25 H1 from 8.34% in FY24(p.256)
- • Sharp rise in Net Debt/EBITDA ratio to 9.94 in FY25 H1 from 1.50 in FY24 indicating leverage stress(p.256)
- • Decline in EBITDA margin to 7.33% in FY25 H1 from 16.33% in FY24(p.256)
- • Limited R&D team of only 25 employees which is relatively small compared to larger competitors(p.255)
- • Reliance on two manufacturing facilities with one in India and one in UAE presents operational concentration risk(p.248)
- • Low profitability and margins in recent periods(p.441)
- • Significant dependence on top 10 customers for revenue(p.460)
- • High leverage with elevated debt-to-EBITDA ratio(p.441)
- • Substantial trade receivables and collection period issues(p.439)
Opportunities
- • Expansion of assembly unit in UAE for systems and membrane modules manufacturing(p.24)
- • Brownfield expansion of manufacturing facilities at Vasai(p.24)
- • Growth in pay-per-use business model through joint venture investment(p.24)
- • Investment in technology and growth initiatives for new market access(p.24)
- • Expanding operations through new assembly unit in UAE(p.81)
- • Growing CBG Plants installation business(p.59)
- • Expansion of pay-per-use/pay-as-you-treat business model(p.74)
- • Investment in technology and new market access(p.84)
- • Capital expansion in manufacturing facilities(p.83)
- • Expansion through greenfield assembly unit in UAE for systems and plants(p.135)
- • Brownfield expansion at Vasai to consolidate manufacturing and improve efficiency(p.135)
- • Growth in emerging markets and international business(p.133)
- • New product development including waste heat evaporators and containerized plants(p.133)
- • Expansion of pay-per-use/pay-as-you-treat business model(p.145)
- • Investment in emerging technologies and IoT solutions(p.146)
- • Growing global water and wastewater treatment market(p.199)
- • India's increasing water stress and regulatory push for ZLD(p.191)
- • Stringent state-level wastewater regulations and ZLD mandates(p.196)
- • Growing focus on circular economy and ESG compliance(p.198)
- • India's GDP growth and rising industrialization(p.185)
- • Rising demand for advanced membrane technologies(p.203)
- • Global wastewater recycling market projected to grow at 10.1% CAGR from US$30B in CY23 to US$48.6B in CY28(p.252)
- • India's industrial wastewater market growing at 13.5% CAGR with market size reaching US$3.9B by FY29(p.216)
- • Expansion into new sectors including refineries, CETPs, power plants and solar panel manufacturing(p.257)
- • New CBG business vertical with India targeting 5,000 CBG plants and 15M tonnes production by 2023-24(p.258)
- • Government initiatives driving ZLD adoption with 23.4% penetration representing US$54.9M market in FY24(p.229)
- • Expansion into new geographic markets with focus on Africa, Latin America, Europe and Asia(p.257)
- • New assembly unit in Sharjah expected to produce 2,000 membrane modules per month and 36 containerized plants per year(p.257)
- • Growth in international markets and export orders(p.441)
- • Expansion of O&M (Operations and Maintenance) services business(p.448)
- • Increasing revenue from consumables and spare parts(p.450)
Threats
- • Dependence on continuous electricity and water supply for manufacturing operations(p.35)
- • Order book contracts subject to cancellation, adjustment or suspension by customers(p.39)
- • Risk of delay in project execution and payment delays from government customers(p.39)
- • Volatility and supply disruptions in raw material and component sourcing(p.43)
- • Reliance on overseas suppliers for over 54% of raw materials with currency risk(p.43)
- • Regulatory changes in environmental and health-safety laws(p.52)
- • Rapid technological change in water treatment industry(p.59)
- • Intense competition from larger domestic and multinational competitors(p.65)
- • Foreign exchange volatility affecting overseas revenues(p.78)
- • Seasonality in systems and plants sales(p.67)
- • Concentration of manufacturing in two geographic locations(p.81)
- • Dependence on third-party transportation providers(p.87)
- • Risk of project cancellations and scope changes(p.82)
- • Global economic downturn and financial instability affecting customers and credit access(p.93)
- • International trade barriers, tariffs and sanctions restricting exports(p.94)
- • Impact of Russia-Ukraine conflict on global markets and commodity prices(p.93)
- • Natural calamities and health epidemics affecting operations(p.94)
- • Regulatory uncertainty in India and UAE affecting compliance costs(p.94)
- • Rising inflation increasing operational costs(p.95)
- • Foreign exchange rate fluctuations affecting profitability and shareholder returns(p.99)
- • Intense competition in global water treatment market(p.155)
- • Dependence on capital expenditure cycles and project execution risks(p.199)
- • Fluctuations in industrial demand and economic cycles(p.156)
- • Regulatory and compliance risks across multiple geographies(p.204)
- • Climate change and water availability unpredictability(p.198)
- • Technology obsolescence and rapid innovation requirements(p.146)
- • Volatility in commodity and input prices(p.192)
- • High operating leverage and fixed cost structure(p.156)
- • High capital expenditure requirements and stringent compliance costs for advanced wastewater treatment technologies(p.219)
- • High energy consumption costs and operational expenses remain significant market challenges(p.219)
- • Intense competition from established global and Indian players like Thermax, Ion Exchange, Praj Industries and VA Tech Wabag(p.233)
- • Regulatory variability across regions complicating compliance and requiring multiple treatment strategies(p.219)
- • Infrastructure challenges and inadequate sewage treatment capacity with only 28% of daily sewage being treated(p.208)
- • Municipal wastewater treatment faces infrastructure challenges with high raw costs and poor management practices(p.233)
- • Shortage of trained personnel and difficulty retaining skilled workforce in Indian wastewater sector(p.233)
- • Environmental and regulatory litigation related to waste-to-energy facility(p.470)
- • High finance costs and interest rate risk(p.447)
- • Seasonality of revenue with concentration in Q4(p.460)
- • Material pending litigation including trademark disputes(p.469)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Prayas Goel | Promoter | 27.96% | — |
| Prerak Goel | Promoter | 17.60% | — |
| AF Holdings | Shareholder | 39.07% | — |
| Prayas Goel | Promoter | 27.96% | — |
| Prerak Goel | Promoter | 17.60% | — |
| Pushpa Goel | Promoter | 9.14% | — |
| Nidhi Goel | Promoter | 3.12% | — |
| Namrata Goel | Promoter | 2.92% | — |
| AF Holdings | Promoter/Promoter Group | 39.07% | — |
| Prayas Goel | Promoter/Promoter Group | 27.96% | — |
| Prerak Goel | Promoter/Promoter Group | 17.60% | — |
| Pushpa Goel | Promoter Group | 9.14% | — |
| Nidhi Goel | Promoter Group | 3.11% | — |
| Namrata Goel | Promoter Group | 2.92% | — |
| Prayas Goel | Promoter | — | — |
| Prerak Goel | Promoter | — | — |
| Prayas Goel | Promoter | — | — |
| Prerak Goel | Promoter | — | — |
| Prayas Goel | Promoter | 9.14% | — |
| Prerak Goel | Promoter | 27.96% | — |
| Pushpa Goel | Promoter Group | 17.60% | — |
| AF Holdings, Mauritius | Promoter Group | 39.07% | — |
| Mr. Prayas Goel | Promoter | — | — |
| Mr. Prerak Goel | Promoter | — | — |
| Prayas Goel | Promoter | — | — |
| Prerak Goel | Promoter | — | — |
| Prayas Goel | Promoter/Selling Shareholder | — | — |
| Prerak Goel | Promoter/Selling Shareholder | — | — |
| Pushpa Goel | Selling Shareholder | — | — |
| Namrata Goel | Selling Shareholder | — | — |
| Nidhi Goel | Selling Shareholder | — | — |
| AF Holdings | Selling Shareholder | — | — |
Leadership
Prayas Goel · Chairman and Managing Director
Prerak Goel · Executive Director
Sudarshan Gopinath Kamath · Chief Financial Officer
Priyanka Aggarwal · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Concord Enviro Systems IPO FAQs
What is the lot size of Concord Enviro Systems IPO?
The minimum lot size of Concord Enviro Systems IPO is 21 shares. One lot costs ₹14,721 at the cut-off price.
When does Concord Enviro Systems IPO open and close?
Concord Enviro Systems IPO opened for subscription on 19 Dec 2024 and closed on 23 Dec 2024.
What is the listing date of Concord Enviro Systems IPO?
Concord Enviro Systems IPO listed on 27 Dec 2024.