September 27, 2022 - September 29, 2022

Concord Control Systems IPO Subscription Details

Concord Control Systems IPO Subscription Status Live

Concord Control Systems IPO subscribed 202.41 times. The public issue subscribed 424.26 times in the retail category, 15.18 times in QIB, and 307.40 times in the NII category by September 29, 2022 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	15.18	716,000	1,08,72,000	59.80
Non-Institutional Buyers	307.40	216,000	6,63,98,000	365.19
Retail Investors	424.26	502,000	21,29,80,000	1,171.39
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	202.41	1,434,000	29,02,50,000	1,596.38

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 78,000 equity shares not included.

Concord Control Systems IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 September 27, 2022	0.40	4.95	24.68	9.59
Day 2 September 28, 2022	2.30	38.90	103.20	43.13
Day 3 September 29, 2022	15.18	307.40	424.26	202.41

Concord Control Systems IPO Shares Offered

Concord Control Systems IPO is a public issue of 1,940,000 equity shares. The issue offers 502,000 shares to retail investors, 716,000 shares to qualified institutional buyers, and 216,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	428,000	2.35	22.06%
Market Maker	78,000	0.43	4.02%
QIB	716,000	3.94	36.91%
NII	216,000	1.19	11.13%
Retail	502,000	2.76	25.88%
Total	1,940,000	10.67	100%

Concord Control Systems IPO Anchor Investor Allocation

A total of 428,000 shares at a price of Rs 55 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Maven India Fund	246,000	55	57.48	13,530,000
2	India-Ahead Venture Fund	182,000	55	42.52	10,010,000
		428,000		100	23,540,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Concord Control Systems IPO Subscription FAQs

The Concord Control Systems IPO is subscribed 202.41 by September 29, 2022.