Concord Control Systems Limited IPO

BSE SME

Listed On: Oct 10, 2022 at ₹ 109.95

₹ 110000 /2000 Shares

Check Allotment

Concord Control Systems IPO Details

27 Sep, 2022

Open Date

29 Sep, 2022

Close Date

04 Oct, 2022

Allotment Date

10 Oct, 2022

Listing Date

Issue Price

₹53 to ₹55 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

109.95

Listing Date

2022-10-10

Market Lot

2000 Shares (₹110,000/-)

Lead Manager

Hem Securities Limited

Issue Size

1,532,000 shares of ₹10 (aggregating up to ₹8.31 Cr)

#Fresh Issue: 1,532,000 shares of ₹10 (aggregating up to ₹8.31 Cr)

Retail Portion

N/A

Subscription

262.06 times

IPO Docs

DRHP RHP

Concord Control Systems IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	2,88,000 / 2,94,000	5,02,000	10,84,000
Day 1 - 27-09-22 06:00 PM	1.00 / 3.57 x	24.68 x	12.66 x
Day 2 - 28-09-22 06:00 PM	5.72 / 24.67 x	103.20 x	56.0 x
Day 3 - 29-09-22 06:00 PM	37.75 / 205.79 x	423.70 x	262.06 x

Concord Control Systems Valuations

Earnings Per Share (EPS)

₹6.17/-

P/E Ratio

N/A

RoNW

34.35%

Net Asset Value (NAV) - Post Issue

₹17.95/-

Concord Control Systems Company Financials All values are in ₹ Lakh

	30-Mar-22	31-Mar-21	31-Mar-20
Assets	1467.22	1251.35	838.01
Revenue	3173.54	1760.91	1589.25
Profit After Tax	258.99	143.21	104.57

About The Company

Concord Control Systems Limited is engaged in the business of manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors. The company manufactures products required in railway coaches like Inter-Vehicular Coupler, Emergency Lighting System, Brushless DC carriage fan, Exhaust fans, Cable Jackets, Bellows etc. and products required in the electrification of coaches and broad gauge network of Indian Railways like Battery Charger 200 AH, Battery Charger 40 AH, Tensile Testing Machine.

Concord Control Systems Limited is an approved vendor by Research Design and Standards Organisation ("RDSO") to manufacture and supply these products for the Indian Railways.

Currently the company has two manufacturing units situated at Lucknow, Uttar Pradesh with a total size admeasuring over 1880 sq. Mtrs.

The key clients of the company include various zones of the Indian Railways like Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, North Frontier Railway, East Central Railway, Central Organisation For Railway Electrification (CORE) and organizations like KEC International Limited, Larsen & Toubro Limited, Kalpataru Power Transmission Ltd., Rail Vikas Nigam Limited, Fedders Lloyd Corporation Limited, Tata Projects Limited and many more.

Concord Control Systems - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: N/A%

Company Promoter(s)

Mr. Nitin Jain
Mr. Gaurav Lath

Concord Control Systems IPO - Issue Objectives

To meet working capital requirements.
General Corporate Purpose.
To meet issue expenses.

Concord Control Systems IPO - FAQs

Ans. Concord Control Systems Limited IPO is a SME IPO. The issue is priced at ₹53 to ₹55 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 27, 2022, and closes on Sep 29, 2022. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Concord Control Systems Limited IPO opens on Sep 27, 2022 and closes on Sep 29, 2022.

Ans. The size of Concord Control Systems Limited IPO is 1,532,000 shares of ₹10 (aggregating up to ₹8.31 Cr) #Fresh Issue: 1,532,000 shares of ₹10 (aggregating up to ₹8.31 Cr).

Ans. The IPO price band is set between ₹53 to ₹55 per equity share.

Ans. To apply for Concord Control Systems Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Concord Control Systems Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Concord Control Systems Limited IPO is Oct 4, 2022.

Ans. The Concord Control Systems Limited IPO will be listed on Oct 10, 2022.

Ans. Follow the steps to check the allotment status for Concord Control Systems Limited IPO here.