Concord Enviro shares list at 18% premium over IPO price on NSE

Concord Enviro Systems shares were listed on both NSE and BSE on December 27.

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26 Aug, 2025 12:21

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Concord Enviro shares made a healthy stock market debut on December 27 after its shares were listed at a premium of 18 percent over its issue price on the National Stock Exchange (NSE).

Concord Enviro Systems Ltd stock listed at Rs 826 per share on the NSE, a premium of 17.83 percent against the IPO price of Rs 701 apiece. The company's market valuation post listing of shares stood at Rs 1,709.51 crore.

Shares of the company listed at Rs 832 per share on the BSE.

Mumbai-based Concord Enviro IPO received 10.67 times subscription to its Rs 500.33 crore issue. The IPO had a price range of Rs 665-701 per share.

The IPO had a fresh issuance of equity shares worth Rs 175 crore and an Offer-for-Sale (OFS) of 46.41 lakh equity shares valued at Rs 325.33 crore, at the upper-end of the price band, by promoters and an investor.

The proceeds from the fresh issue will be invested in Concord Enviro FZE (CEF) for setting up a new assembly unit for water treatment systems as well as its working capital requirement.

Concord Enviro Systems is an integrated solutions provider for industrial water reuse and zero liquid discharge solutions, with an in-house position across the value chain.

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Given the mixed signals in financial performance and valuation metrics, analysts recommend a cautious approach for investors.

Sagar Shetty, Research Analyst at StoxBox, sounds caution due to Concord Enviro’s inconsistent financial performance and aggressive dilution of promoter holdings. "Negative operating cash flow in FY24 and subdued investor confidence reflected in the low GMP suggest caution. Investors allocated shares should consider booking profits on listing gains and monitor future performance closely," he advised.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.