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.
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 Dates | 27 – 29 September 2022 |
| Price Band | INR 53 – 55 per share |
| Fresh issue | 15,12,000 shares (INR 8.01 – 8.32 crore) |
| Offer For Sale | Nil |
| Total IPO size | 15,12,000 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 Allocation | 35% |
| Listing On | BSE SME |
Concord Control Systems Financial Performance
| Â | FY2020 | FY2021 | FY2022 |
| Revenue | 1,589.25 | 1,760.91 | 3,173.54 |
| Expenses | 1,443.01 | 1,573.67 | 2,825.10 |
| Net income | 104.57 | 143.21 | 258.99 |
Concord Control Systems Offer News
Concord Control Systems Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.49 | 3.41 | 6.17 |
| PE ratio | – | – | 8.59 – 8.91 |
| RONW (%) | 29.83 | 28.91 | 34.35 |
| NAV | 8.35 | 11.80 | 17.95 |
| Debt/Equity ratio | – | – | 0.42 |
Concord Control Systems IPO GMP Daily Trend
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 8 Oct 2022 | 42 | – | – |
| 7 Oct 2022 | 40 | – | – |
| 6 Oct 2022 | 35 | – | 77,000 |
| 4 Oct 2022 | 30 | – | 77,000 |
| 3 Oct 2022 | 25 | – | 75,000 |
| 1 Oct 2022 | 20 | – | 72,000 |
| 30 Sep 2022 | 15 | – | 65,000 |
| 29 Sep 2022 | 12 | – | 53,000 |
| 28 Sep 2022 | 7 | – | 45,000 |
| 27 Sep 2022 | 5 | – | 37,000 |
| 26 Sep 2022 | 5 | – | 40,000 |
| 24 Sep 2022 | 7 | – | 45,000 |
| 23 Sep 2022 | 5 | – | 40,000 |
Concord Control Systems IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 716,000 | 216,000 | 502,000 | 1,434,000 |
| Day 1 | 0.40 | 4.95 | 24.68 | 9.59 |
| Day 2 | 2.30 | 33.57 | 103.20 | 42.33 |
| Day 3 | 15.18 | 307.40 | 424.26 | 202.41 |
| *CONCORD CONTROL SYSTEMS LIMITED* Last updated on 29 Sep 2022 | 07:00:00 PM |
Concord Control Systems IPO Lead Manager
HEM SECURITIES LIMITED
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]
Website: www.hemsecurities.com
Concord Control Systems Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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:Â [email protected]
Website:Â www.bigshareonline.com
Concord Control Systems IPO Contact Details
Concord Control Systems Limited
G-36, U.P.S.I.D.C Industrial Area
Deva Road, Chinhat
Lucknow-226019
Uttar Pradesh, India
Phone: +91-78000 08745
Email: [email protected]
Website: www.concordgroup.in
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 Date | 27 September 2022 |
| IPO Closing Date | 29 September 2022 |
| Finalisation of Basis of Allotment | 4 October 2022 |
| Initiation of refunds | 6 October 2022 |
| Transfer of shares to demat accounts | 7 October 2022 |
| Listing Date | 10 October 2022 |
| Opening Price on BSE SME | INR109.95 per share (up 99.91%) |
| Closing Price on BSE SME | Coming 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.
