Concord Control Systems Limited IPO Message Board (Page 1)

@GSMR,
I bought first time today at around 192 - 5 lots, with long term view.

Thanks

Of 304,000 shares sold today, 216,000 were bought in bulk deals by 3 entities-
Deal Date      Client Name      Deal Type      Quantity      Price
10 Oct 2022      VINOD H BIYANI      P      86000      109.95
10 Oct 2022      BONANZA COMMODITY BROKERS PRIVATE LIMITED      P      80000      115.40
10 Oct 2022      VISHAL BIPINCHANDRA DOSHI      P      50000      115.40

@Mravi sir, @Lokes sir @Norrul sir and other experts, Your comments are welcome on this.

Interesting observations:
1. Total stock float is 15 lacs shares. Out of which QIB hold 7.5 lacs.
2. Total of 12 lacs shares of order is pending today. There is huge demand for these shares among all the recently listed sme's.
3. One first day 2lacs shares bought by three entities out-of 3lacs shares.
4. Out-of 7.5 lacs shares issued to retailers and hni. 2 lacs shares moved to big entities and many big HNI may hold in decent numbers.
5. Most of the retailers move out of this share on the first day, out of 5 lacs share allotted to retailers 3 lacs moved out of retailers hands on the first day. Now HNI trying for the remaining 2lac shares.
I think no wonder its following the Jayant infra journey.... If company start deliver the decent results in upcoming quarters. This stock may do better than Jayant Infra.
P.S: I am holding one lot, my views are may be biased. Please consult your financial advisor for your buy/sell calls.

@pvn: since you bought in preopen so your buying price is good as per risk/reward ratio for holding for longer term....can't say about returns as jayant etc but yes it good to hold for long term for 4-5X returns....

Which one is better Concord or insolation for long term bet

Both listed at high because of subscription nothing else.
Insolation is better than concord in terms of financials but both are subject to operator run so be careful while investing.

**** I did not buy both*****

50% of the QIB portion will be in lock-in for 30 days post allotment and remaining 50% for 90 days. So, how are QIBs affecting the price of the share. Please help me I am new to this.

Further, how are Insolation's financials better, when I checked I found that their raw material cost is squeezing their margin as they made much less PAT for higher revenue compared YoY. Please reply

@gsmr
If i am not wrong the lock in period given is only for anchor investors and not entire qib and even with lock in period for anchor they are the one gaining from this stock growth and not us at the end of 30 or 90 days.

And this concord craze is only due to recently listed Jayant infratech (similar to concord).
Pe and p/b are more or less similar.considering the performance of insolation in its industry.i prefer insolation over concord.
in general both are at 100% premium i don't buy both.