Concord Enviro Systems IPO - Should You Subscribe? Read DRChoksey's Analysis

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Deven Choksey Research Report.Concord Enviro Systems Ltd., a prominent player in the water and wastewater treatment sector will launch its initial public offering on December 19 and the offer closes for subscription on Dec. 23. The company has fixed the price band in the range of Rs 665 to Rs 701 per share. The Rs 500.33 crore IPO comprises of fresh issue size of Rs 175 crore and the remaining Rs 325.33 crore as an offer for sale.The allotment for the Concord Enviro IPO is expected to be finalized on December 24, 2024. The shares will be listed on the exchange on Dec. 27. .Objects of the OfferInvestment in its wholly owned Subsidiary and joint venture,Funding capital expenditure requirements,Investment in technology and other growth initiatives for access to new markets,General Corporate Purposes..Outlook and Valuation: Concord Enviro Systems is a prominent player in the water and wastewater treatment sector, offering end-to-end water treatment services, from design and installation to maintenance and operation. Concord Enviro demonstrates a strong order book of Rs 5,017.5 million as of August 2024, with 74.5% derived from systems and plants and 25.5% from after-sales services, reflecting predictable revenue streams. The water treatment sector’s growth, driven by government regulations, rising water scarcity, and sustainability goals, offers significant long-term expansion opportunities for CES.At the upper end of its IPO price band of Rs 701 (P/E: 35.0x), Concord Enviro presents an attractive opportunity, supported by its strong growth prospects, technological differentiation, and global presence across high-demand regions like India, the UAE, and Mexico. The company’s strategic initiatives, including capacity expansion, IoT adoption, and the Pay-Per-Use business model, position it for scalable growth and sustained profitability. Given Concord Enviro’s robust fundamentals, strong order book, innovative solutions, and alignment with global sustainability trends, we assign a ‘Subscribe’ rating to the IPO..Click on the attachment to read the full IPO report:.Premium Or Discount Listing? Here's What Concord Enviro Systems IPO GMP Indicates Ahead Of Launch.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Concord Enviro Systems IPO - Should You Subscribe? Read DRChoksey's Analysis

The Rs 500.33 crore IPO will open on December 19 with a fixed price band of Rs 665 to Rs 701 per share.

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