CONCORD ENVIRO SYSTEMS LIMITED INITIAL PUBLIC OFFERING TO OPEN ON THURSDAY DECEMBER 19, 2024

• Price Band fixed at ₹ 665 to ₹ 701 per equity share of face value of ₹5 each (“Equity Shares”).

• The Bid /Offer Period will open on Thursday, December 19, 2024 and close on Monday, December 23, 2024. The Anchor Investor Bid/Offer Period opens and closes on Wednesday, December 18, 2024.

• Bids can be made for a minimum of 21 Equity Shares and in multiples of 21 Equity Shares thereafter.

• RHP Link: https://www.concordenviro.in/investors.php

• For complete details including risk factor, please do refer to statutory advertisement published on page 12- 13 of Financial Express newspaper dated December 16, 2024

Bhubaneswar: Concord Enviro Systems Limited (“CESL” or “The Company”), shall open the Bid / Offer Period in relation to its initial public offer of the Equity Shares on  Thursday,  December 19, 2024.

The Anchor Investor Bid/Offer Period opens and closes on Wednesday, December 18, 2024. The Bid/Offer Period will close on Monday, December 23, 2024. (“Bid Details”)

The Price Band of the Offer has been fixed at ₹ 665 to ₹ 701 per Equity Share (“Price Band”). Bids can be made for a minimum of 21 Equity Shares and in multiples of 21 Equity Shares thereafter. (“Bid Lot”).

The Company proposes to utilize the net proceeds towards funding (i) investment in  its wholly owned Subsidiary, Concord Enviro FZE (“CEF”) for financing its capital expenditure requirements for the greenfield project to develop an assembly unit to assemble systems and plants for treatment of water, waste water and related membrane modules, estimated to ₹250 million [ ₹25.00 crore]; (ii) investment in its wholly owned subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”) for financing its capital expenditure requirements for the brown field project to expand the manufacturing facilities, storage and supporting activities estimated to ₹105.05 million [ ₹10.50 crore]; (iii) funding capital expenditure requirements of the Company for purchase of plant and machinery estimated to ₹32.07 million [ ₹3.21 crore]; (iv) investment in its wholly owned Subsidiary, CEF for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by CEF estimated to ₹500 million [ ₹50.00 crore]; (v) investment in CEF, for funding working capital requirements of CEF estimated to ₹200 million [ ₹20.00 crore]; (vi) investment in its  joint venture, Roserve Enviro Private Limited to grow the Company’s pay per use/pay as you treat business estimated to ₹100 million [ ₹10.0 crore]; (vii) investment in technology and other growth initiatives for access to new markets estimated to ₹235 million [ ₹23.50 crore] and balance amount general corporate Pprposes. (“The Objects of Offer”)

The Offer comprises of fresh issue of Equity Shares aggregating upto 1,750.00 million and the offer for sale comprises of up to 4,186,368 Equity Shares by AF Holdings (“Investor Selling Shareholder”); up to 150,600 Equity Shares by Prayas Goel, up to 150,500 Equity by Prerak Goel (together with Prayas Goel, the “Promoter Selling Shareholders”); up to 92,420 Equity Shares by Pushpa Goel, up to 31,500 Equity Shares by Nidhi Goel and up to 29,500 Equity Shares by Namrata Goel (together with Pushpa Goel and Nidhi Goel, the “Promoter Group Selling Shareholder” and together with the Investor Selling Shareholder, Promoter Selling Shareholders, the “Selling Shareholders”)

This Equity Shares are being offered through the Red Herring Prospectus of the Company dated December 14, 2024 filed with the Registrar of Companies, Maharashtra at Mumbai. (“ROC”)

The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange. (“Listing Details”)

Motilal Oswal Investment Advisors Limited and Equirus Capital Private Limited are the book running lead managers to the Offer (“BRLMs”)

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”). The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis by our Company, in consultation with the BRLMs, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”). In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (the “Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price.

Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders (“Non-Institutional Portion”), in accordance with the SEBI ICDR Regulations, of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹ 200,000 and up to ₹ 1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹ 1,000,000 and under- subscription in either of these two sub-categories of the Non-Institutional Portion may be allocated to Bidders in the other sub-category of the Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, not less than 35% of the Offer shall be available for allocation to Retail Individual Portion (“Retail Portion”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in the Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or pursuant to the UPI Mechanism, as the case may be. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see “Offer Procedure” on page 501.