Concord Enviro Systems IPO Allotment Status: Check Allotment Status Online on BSE, NSE & Link Intime India

Use of Proceeds

The Net Proceeds from the Fresh Issue are intended to be utilised for several purposes, including investment in the wholly-owned subsidiary, Concord Enviro FZE (CEF), to finance its capital expenditure for a greenfield project in the UAE aimed at developing an assembly unit for water, wastewater treatment systems, and related membrane modules. 

Additionally, funds will be used for investment in another wholly-owned subsidiary, Rochem Separation Systems (India) Private Limited (RSSPL), to expand the manufacturing facilities under a brownfield project in Vasai. 

The proceeds will also support the company’s capital expenditure for purchasing plant and machinery, as well as funding working capital and repaying or prepaying certain borrowings of CEF. 

Further, funds will be allocated for investment in the joint venture, Reserve Enviro Private Limited, to grow its pay-per-use/pay-as-you-treat business, along with investments in technology and other growth initiatives to enter new markets. 

Any remaining proceeds will be used for general corporate purposes.

Checking the Allotment Status

Steps to Check Allotment Status on BSE 

1. Visit the IPO allotment page on the BSE website here.  
2. Select the issue type as 'Equity.'  
3. Select 'Concord Enviro Systems' from the dropdown menu.  
4. Enter your application number or PAN (Permanent Account Number).  
5. Clear the 'Captcha' to verify that you are not a robot. 
6. Click on the 'Search' option to see your allotment status.

Steps to Check Allotment Status on NSE

1. Visit NSE’s IPO bid verification page here.
2. Register on the website if you are a new user.
3. Select ‘Concord Enviro Systems’.
4. Enter details such as your application number.
5. Click on ‘Get Data’.

Steps to Check Allotment Status on Link Intime India

1. Visit the link.
2. From the list of available IPOs, select ‘Concord Enviro Systems’.
3. You may be required to select one of the four modes: application number, DP /Client ID, PAN, or Account number/IFSC.
4. Click on "Submit" to view your allotment status.

Concord Enviro Systems Business Overview

The company offers a wide range of in-house solutions that cover the entire value chain, from design and manufacturing to installation, operation, and maintenance (O&M), along with digitalisation through technologies such as the Internet of Things (IoT). It specializes in integrated wastewater treatment and Zero-Liquid Discharge (ZLD) solutions, emphasizing energy optimization and recovery to help industries meet their water conservation and sustainability goals.

The company's operations can be divided into the following segments:

• Manufacturing and sales of water and wastewater treatment systems, reuse and ZLD systems, as well as turnkey solutions;
• Operations and maintenance services;
• Manufacture and sale of consumables and spare parts, including membranes, plants, chemicals, and other consumables; and
• Installation of compressed biogas plants (CBG Plants).

IPO Day 3 Subscription Status 

(December 23, 2024, End of Day)

By the end of the third day of bidding, the Concord Enviro Systems IPO subscribed 10.67 times the total shares available. Non-institutional investors (NIIs) subscribed to 14.2 times the allocated portion, while Retail investors subscribed to 5.56 times the shares set aside for them. Qualified institutional buyers (QIBs) saw a 17.32 times subscription rate.

 Financial Highlights

• Revenue increased by 44.76% from Rs 343 crore in FY23 to Rs 497 crore in FY24.
• Profit after tax (PAT) increased by 655% between the financial year ending March 31, 2023 and March 31, 2024, from Rs 5 crore to Rs 41 crore.