Concord Control Systems
BSE SME₹110,000 / 2000 Shares
Concord Control Systems IPO Details
The Concord Control Systems IPO price band is set between ₹53 to ₹55 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 27 Sep, 2022 and closes on 29 Sep, 2022. Investors can check the allotment status on 4 Oct, 2022, while the listing date is tentatively scheduled for 10 Oct, 2022.
The total issue size is 1,532,000 shares of ₹10 , aggregating up to ₹8.31 Cr. Stay tuned for the latest Concord Control Systems IPO review and GMP updates.
Concord Control Systems IPO Review, Rating & Analysis
Concord Control Systems IPO Review
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Concord Control Systems IPO Highlights
IPO Date
Sep 27, 2022 - Sep 29, 2022
Listing Date
10 Oct, 2022
Face Value
₹10 Per Equity Share
Price Band
₹53 to ₹55 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Concord Control Systems IPO Lot Size
The minimum market lot for Concord Control Systems IPO is 2000 shares with an application amount of ₹1,10,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,20,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,90,000 |
| B-HNI (Min) | 10 | 20000 | ₹11,00,000 |
Concord Control Systems IPO Timeline
Issue Price
₹53 to ₹55 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Hem Securities LimitedIssue 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)Concord Control Systems IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Mar 22 | 1467.22 | 3173.54 | 258.99 | - | - | - |
| 31 Mar 21 | 1251.35 | 1760.91 | 143.21 | - | - | - |
| 31 Mar 20 | 838.01 | 1589.25 | 104.57 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Nitin Jain
- Mr. Gaurav Lath
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | N/A% |
About 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 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 |
Frequently Asked Questions about Concord Control Systems IPO
When will Concord Control Systems IPO open for subscription?
The Concord Control Systems IPO opens on 27 Sep, 2022 and closes on 29 Sep, 2022.
What is the investors portion for Concord Control Systems IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 502000.
How to apply for Concord Control Systems IPO?
You can apply for Concord Control Systems IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Concord Control Systems IPO?
The issue size of Concord Control Systems IPO is approx ₹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) crores.
What is the price band of Concord Control Systems IPO?
The price band for Concord Control Systems IPO is ₹53 to ₹55 per equity share to ₹undefined.
What is the lot size of Concord Control Systems IPO?
The minimum bid (lot size) for Concord Control Systems IPO is N/A shares with an investment of approx ₹110,000 .
What is the allotment date of Concord Control Systems IPO?
The allotment date for Concord Control Systems IPO is 4 Oct, 2022.
What is the listing date of Concord Control Systems IPO?
The listing date for Concord Control Systems IPO is expected to be 10 Oct, 2022.
What is the GMP of Concord Control Systems IPO?
The latest Grey Market Premium (GMP) for Concord Control Systems IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.