Concord Control Systems IPO GMP, Review, Price, Allotment


Last updated on October 10, 2022

Concord Control Systems IPO GMP

Concord Control Systems IPO description – The company is engaged in the business of manufacturing and supply of coach related and electrification products for Indian Railways and other Railway Contractors. The company manufacture 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 electrification of coaches and broad gauge network of Indian Railways like: Battery Charger 200 AH, Battery Charger 40 AH, Tensile Testing Machine. The company is an approved vendor by Research Design and Standards Organisation (RDSO) to manufacture and supply these products for the Indian Railways.

Concord Control Systems

The company has two manufacturing units situated at Lucknow, Uttar Pradesh with total size admeasuring to over 1880 sq. mtrs. The company has a well-equipped laboratory, modern technology and testing equipment to ensure that the products confirm with the predetermined standards. The company’s R&D capabilities include product engineering, product simulation, prototyping and testing which are mainly undertaken at our manufacturing facilities.

The company’s key clients 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.

Promoters of Concord Control Systems – Mr. Nitin Jain and Mr. Gaurav Lath

Concord Control Systems IPO Details

Subscription Dates27 – 29 September 2022
Price BandINR 53 – 55 per share
Fresh issue15,12,000 shares (INR 8.01 – 8.32 crore)
Offer For SaleNil
Total IPO size15,12,000 shares (INR 8.01 – 8.32 crore)
Minimum bid (lot size)2,000 share (INR 1,10,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE SME

Concord Control Systems Financial Performance

Revenue1,589.25 1,760.913,173.54
Expenses 1,443.011,573.672,825.10
Net income 104.57 143.21258.99
Figures in INR Lakh unless specified otherwise

Concord Control Systems Offer News

Concord Control Systems Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio8.59 – 8.91
RONW (%)29.8328.9134.35
NAV 8.3511.8017.95
Debt/Equity ratio0.42

Concord Control Systems IPO GMP Daily Trend

DateDay-wise IPO GMPKostakSubject to Sauda
8 Oct 202242
7 Oct 202240
6 Oct 20223577,000
4 Oct 20223077,000
3 Oct 20222575,000
1 Oct 20222072,000
30 Sep 20221565,000
29 Sep 20221253,000
28 Sep 2022745,000
27 Sep 2022537,000
26 Sep 2022540,000
24 Sep 2022745,000
23 Sep 2022540,000

Concord Control Systems IPO Subscription – Live Updates

Shares Offered716,000216,000502,0001,434,000
Day 10.404.9524.689.59
Day 22.3033.57103.2042.33
Day 315.18307.40424.26202.41
Last updated on
29 Sep 2022 | 07:00:00 PM

Concord Control Systems IPO Lead Manager

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: [email protected]
Investor Grievance Email: [email protected]

Concord Control Systems Offer Registrar

Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: +91 22 6263 8200
E-mail: [email protected]

Concord Control Systems IPO Contact Details

Concord Control Systems Limited
G-36, U.P.S.I.D.C Industrial Area
Deva Road, Chinhat
Uttar Pradesh, India
Phone: +91-78000 08745
Email: [email protected]

Concord Control Systems IPO Allotment Status

Concord Control Systems IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.

Concord Control Systems IPO Timetable

IPO Opening Date27 September 2022
IPO Closing Date29 September 2022
Finalisation of Basis of Allotment4 October 2022
Initiation of refunds6 October 2022
Transfer of shares to demat accounts7 October 2022
Listing Date10 October 2022
Opening Price on BSE SMEINR109.95 per share (up 99.91%)
Closing Price on BSE SMEComing soon

Concord Control Systems IPO FAQs

What is Concord Control Systems offer size?

Concord Control Systems offer size is INR 8.32 crore.

What is Concord Control Systems IPO Price Band?

Concord Control Systems public offer price is INR 53-55 per share.

What is the lot size of Concord Control Systems IPO?

Concord Control Systems offer lot size is 2,000 shares.

What is Concord Control Systems IPO GMP today?

Concord Control Systems IPO GMP today is INR 42 per share.

What is Concord Control Systems kostak rate today?

Concord Control Systems kostak rate today is NA per application.

What is Concord Control Systems Subject to Sauda rate today?

Concord Control Systems Subject to Sauda rate today is INR NA per application.


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