Concord Enviro Systems made a stellar entry into the stock market on December 27, listing at ₹832 on the BSE—a robust 18.69% above its issue price of ₹701. The NSE wasn’t far behind, with shares opening at ₹826, marking a 17.83% premium. With a share price ranging from ₹665 to ₹701, the IPO sought to generate ₹500 crore at its highest price point. This consisted of fresh shares worth ₹175 crore and an offer for sale (OFS) totaling ₹325.33 crore. Promoters such as Namrata Goel, Nidhi Goel, and others, along with the investor AF Holdings, sold their shares through the OFS. The company plans to channel the fresh funds into strategic initiatives, including investments in subsidiaries like Concord Enviro FZE and Rochem Separation Systems. Capital will also fund greenfield and brownfield projects, manufacturing expansion, and working capital needs. Other uses include purchasing machinery, prepaying borrowings, pursuing joint ventures (like Reserve Enviro Private Limited), and advancing technology to unlock new markets.