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Concord Control Systems IPO is a book built issue of Rs 8.32 crores. The issue is entirely a fresh issue of 15.12 lakh shares.
Concord Control Systems IPO bidding started from September 27, 2022 and ended on September 29, 2022. The allotment for Concord Control Systems IPO was finalized on Tuesday, October 4, 2022. The shares got listed on BSE SME on October 10, 2022.
Concord Control Systems IPO price band is set at ₹53 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.
Hem Securities Limited is the book running lead manager of the Concord Control Systems IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Concord Control Systems IPO is Hem Securities.
Refer to Concord Control Systems IPO RHP for detailed information.
| IPO Date | September 27, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,512,000 shares (aggregating up to ₹8.32 Cr) |
| Fresh Issue | 1,512,000 shares (aggregating up to ₹8.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,200,000 |
| Share holding post issue | 5,712,000 |
| Market Maker portion | 78,000 shares Hem Securities |
Concord Control Systems IPO offers 1,940,000 shares. 716,000 (36.91%) to QIB, 216,000 (11.13%) to NII, 502,000 (25.88%) to RII 428,000 (22.06%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 428,000 (22.06%) |
| Market Maker Shares Offered | 78,000 (4.02%) |
| QIB Shares Offered | 716,000 (36.91%) |
| NII (HNI) Shares Offered | 216,000 (11.13%) |
| Retail Shares Offered | 502,000 (25.88%) |
| Total Shares Offered | 1,940,000 (100%) |
Concord Control Systems IPO opens on September 27, 2022, and closes on September 29, 2022.
| IPO Open Date | Tuesday, September 27, 2022 |
| IPO Close Date | Thursday, September 29, 2022 |
| Basis of Allotment | Tuesday, October 4, 2022 |
| Initiation of Refunds | Thursday, October 6, 2022 |
| Credit of Shares to Demat | Friday, October 7, 2022 |
| Listing Date | Monday, October 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2022 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
| Lot Size Calculator | |||
Mr. Nitin Jain and Mr. Gaurav Lath are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.53% |
Incorporated in 2011, 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.
As per the Restated Consolidated Financial statements, the company's revenue from operations for the Financial year ended on March 31, 2022, 2021 and 2020 were Rs. 3144.69 lakhs, Rs. 1727.05 lakhs and Rs. 1558.48 lakhs.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 838.01 | 1589.25 | 104.57 | 350.58 | 330.25 |
| 31-Mar-21 | 1251.35 | 1760.91 | 143.21 | 495.47 | 474.9 |
| 31-Mar-22 | 1467.22 | 3173.54 | 258.99 | 754.24 | 733.86 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Concord Control Systems IPO is Rs 31.42 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.14 |
The company intend to utilize the proceeds of the Issue to meet the following objects:-
1. To meet working capital requirements.
2. General Corporate Purpose.
3. To meet issue expenses.
[Dilip Davda] CCSL is engaged in railway coach-related products supplying and has posted steady growth in its top and bottom lines. The only major concern is its dependency on the government which may result in delayed payments/changes in policy etc. Based on FY22 earnings, the issue appears fully priced. Cash surplus investors may consider an investment with a medium to long-term perspective. Read detail review...
The Concord Control Systems IPO is subscribed 202.41 times on September 29, 2022 6:59:00 PM. The public issue subscribed 424.26 times in the retail category, 15.18 times in the QIB category, and 307.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 15.18 |
| NII | 307.40 |
| Retail | 424.26 |
| Total | 202.41 |
| Listing Date | October 10, 2022 |
| BSE Script Code | 543619 |
| NSE Symbol | |
| ISIN | INE0N0J01014 |
| Final Issue Price | ₹55 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹55.00 |
| ₹109.95 |
| ₹109.95 |
| ₹115.40 |
| ₹115.40 |
Concord Control Systems Limited
G-36 U.P.S.I.D.C, Industrial Area,
Deva Road, Chinhat,
Lucknow-226019
Phone: +91-78000 08745
Email: info@concordgroup.in
Website: http://www.concordgroup.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Concord Control Systems IPO is a SME IPO of 1,512,000 equity shares of the face value of ₹10 aggregating up to ₹8.32 Crores. The issue is priced at ₹53 to ₹55 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 27, 2022, and closes on September 29, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Concord Control Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Concord Control Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Concord Control Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Concord Control Systems IPO opens on September 27, 2022 and closes on September 29, 2022.
Concord Control Systems IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
You can apply in Concord Control Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Concord Control Systems IPO will be done on Tuesday, October 4, 2022, and the allotted shares will be credited to your demat account by Friday, October 7, 2022. Check the Concord Control Systems IPO allotment status.
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