Business Standard

Concord Enviro Systems Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

- cr

Price Range (₹)

0

Lot Size

-

Min Investment (₹)

-

Listing Exchange

MumbaiNSE

Open Date

-

Close Date

-

Listing Date

-

Concord Enviro Systems Ltd News

    Concord Enviro Systems Ltd IPO Details

    Initial public offering of up to [*] equity shares of face value of Rs. 5 each (Equity Shares) of the company for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores (the Offer) comprising a fresh issue of up to [*] equity shares of face value of Rs. 5 each aggregating up to Rs. 192.30 crores by the company (Fresh Issue) and an offer for sale of up to 5,194,520 equity shares of face value of Rs. 5 each (The offered shares) comprising of up to 4,740,000 equity shares by af holdings, up to 150,600 equity shares by prayas goel, up to 150,500 equity shares by prerak goel, up to 29,500 equity shares by namrata goel, up to 31,500 equity shares by nidhi goel and up to 92,420 equity shares by pushpa goel aggregating up to Rs. [*] crores (the selling shareholders and such offer, the offer for sale). The offer will constitute [*]% of the post-offer paid up equity share capital of the company. The face value of the equity share is Rs. 5 each and the offer price is [*] times the face value of the equity shares. The price band, and the minimum bid lot will be decided by the company.

    Objective of issue

    Investment in its wholly owned subsidiary CEF for financing its capital exp requirements for the greenfield projects to develop an assembly unit to assemble sysytems and plants for treatment of water waste and related membrane modules. Investment in its wholly ownded subsidiary Rochem Sepration Systems (India) Pvt Ltd (RSSPL) for financing its capital exp requirements for the brown field project to expand the mfg facilities storage and supporting activities. Funding capital exp requirements of the company for purchase of plant and machinery. Investment in its wholly ownded 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. Investment in its wholly ownded subsidiary CEF for funding working capital exp of CEF. Investment in its joint venture Roserve Enviro Pvt Ltd to grow its pay per use/pay as you treat business. Investment in technology and other growth initiatiives for access to new markets. General corporate purposes.

    Concord Enviro Systems Ltd Contact Details

    Concord Enviro Systems Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@concordenviro.in

    Website - www.concordenviro.in