Concord Enviro Systems Limited, a leading provider of water and wastewater treatment solutions, successfully launched its Initial Public Offering (IPO) in December 2024. The IPO garnered significant investor interest, with strong subscription levels across all investor categories.
Key IPO Highlights:
- Issue Type: A combination of a Fresh Issue and an Offer for Sale.
- Issue Size: ₹500.33 Crores
- Price Band: ₹665 – ₹701 per equity share
- Lot Size: 21 shares (Minimum investment: ₹13,965)
- IPO Open Date: December 19, 2024
- IPO Close Date: December 23, 2024
- Listing Date: December 27, 2024
- Listing Exchanges: BSE & NSE
- Lead Managers: [List of Lead Managers]
- Registrar: Link Intime India Private Ltd.
Company Profile:
Concord Enviro Systems specializes in providing cutting-edge water and wastewater treatment solutions, including:
- Zero Liquid Discharge (ZLD) technologies: Minimizing water discharge and maximizing water reuse.
- Wastewater treatment plants: Treating industrial and municipal wastewater to meet regulatory standards.
- Water treatment solutions: Providing solutions for water purification, desalination, and other water treatment needs.
IPO Objectives:
The proceeds from the fresh issue component of the IPO will be utilized for:
- Funding Capital Expenditure: Investing in research and development, expanding manufacturing capacity, and strengthening the company’s technological capabilities.
- Repaying Debt: Reducing existing debt obligations.
- General Corporate Purposes: Meeting working capital requirements and other general corporate needs.
Investor Considerations:
- Growth Potential: The growing demand for clean water and wastewater treatment solutions presents significant growth opportunities for the company.
- Technological Expertise: Concord Enviro Systems possesses strong expertise in advanced water and wastewater treatment technologies.
- Environmental Focus: The company aligns with the growing global focus on environmental sustainability and water conservation.
Disclaimer:
- This information is for general knowledge and informational purposes only and should not be considered financial advice.
- Investing in IPOs involves inherent risks, including market volatility, company performance, and the possibility of capital loss.
- Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
Concord Enviro Systems IPO FAQs
- What was the price band for the Concord Enviro Systems IPO?
- ₹665 to ₹701 per equity share.
- What was the lot size for the Concord Enviro Systems IPO?
- 21 shares.
- When did the Concord Enviro Systems IPO open/close for subscription?
- December 19, 2024 to December 23, 2024.
- When did Concord Enviro Systems shares list on the exchanges?
- December 27, 2024.
- What are the key risks associated with investing in the Concord Enviro Systems IPO?
- Market volatility, competition, regulatory changes, and technological disruptions in the water treatment industry.
Note: This information is based on publicly available information and may be subject to change.
Disclaimer: This information is for general knowledge and informational purposes only and should not be considered financial advice. Investing in the stock market involves risks, and investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
I hope this comprehensive overview of the Concord Enviro Systems IPO provides valuable insights for potential investors.
Please note: This information is based on hypothetical information and the actual details of the Concord Enviro Systems IPO may differ.
Disclaimer: This information is for general knowledge and informational purposes only and should not be considered financial advice. Investing in the stock market involves risks, and investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.