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Concord Control Systems Ltd.

Concord Control Systems Ltd.

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹55
₹55
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹55
Based on GMP
Min. Investment
₹110,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
27 Sep 2022
Close Date
29 Sep 2022
Allotment
04 Oct 2022
Listing Date
10 Oct 2022
Exchange
BSE SME
Price Band
₹55
Listing Price
See chart
Allotment Status
Price Band
₹55
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
15,12,000 shares (aggregating up to ₹8.32 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹110,000
1 lot
Pre-IPO Holding
42,00,000 shares
Promoters
Post-IPO Holding
57,12,000 shares
Promoters
P/E (Pre)
12.14x
 
UPI Deadline
2022-09-29
Mandate
Anchor AllotmentMon, 26 Sep 2022
Basis of AllotmentTue, 04 Oct 2022
Refund InitiationThu, 06 Oct 2022
Demat CreditFri, 07 Oct 2022
Listing DayMon, 10 Oct 2022
UPI Mandate Deadline2022-09-29
Sale TypeFresh Capital
Net Offer to Public14,34,000 shares (aggregating up to ₹7.89 Cr)
Market Maker Quota78,000 shares (aggregating up to ₹0.4290 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Concord Control Systems Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Sep 2022.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
78,000
₹0.43
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
1,512,000
100% ₹8.32
IPO Shares Offered
Concord Control Systems Ltd. IPO total issue size: ₹8.32 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 78,000 ₹0.43
5.16%
Total 1,512,000 ₹8.32
100.00%
* Based on upper price band ₹55 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹55.00
Upper Band
Min Investment
₹110,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹220,000
Retail (Max — 13 Lots)1326,000₹1,430,000
S-HNI (Min — 14 Lots)1428,000₹1,540,000
B-HNI (Min — 68 Lots)68136,000₹7,480,000
* Issue Price ₹55 × Lot Size 2,000 shares
IPO Schedule
Anchor
26 Sep 2022
✓ Done
IPO Open
27 Sep 2022
✓ Done
IPO Close
29 Sep 2022
✓ Done
Allotment
04 Oct 2022
✓ Done
Refunds
06 Oct 2022
✓ Done
Demat Credit
07 Oct 2022
✓ Done
Listing Day
10 Oct 2022
✓ Done
Concord Control Systems Ltd. — Live Price LIVE
₹55.00
INR · BSE
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Issue ₹55.00 Live Price
About Concord Control Systems Ltd.
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.
Objects of the Issue
1
1 To meet working capital requirements
2
2 General Corporate Purpose
Concord Control Systems Ltd. Financials (Amount in Lakhs)
Revenue from Operations
₹3,173.5
31-Mar-22
₹1,760.9
31-Mar-21
₹1,589.3
31-Mar-20
Profit After Tax (PAT)
₹259.0
31-Mar-22
₹143.2
31-Mar-21
₹104.6
31-Mar-20
Particulars31-Mar-2031-Mar-2131-Mar-22
Revenue from Operations 1589.25 1760.91 3173.54
EBITDA N/A N/A N/A
Profit After Tax (PAT) 104.57 143.21 258.99
Net Worth 350.58 495.47 754.24
Total Assets 838.01 1251.35 1467.22
Reserves & Surplus 330.25 474.90 733.86
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered15,12,000 (100.00%)
Net Offer to Public14,34,000 shares (aggregating up to ₹7.89 Cr)
Reserved for Market Maker78,000 shares (aggregating up to ₹0.4290 Cr)
Pre-Issue Promoter Holding42,00,000 shares
Post-Issue Promoter Holding57,12,000 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Hem Securities Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Concord Control Systems Ltd. IPO subscribed?

Concord Control Systems Ltd. IPO is subscribed 1.00 times by Sep 29, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Concord Control Systems Ltd. IPO retail subscription status?

The Concord Control Systems Ltd. IPO retail category is subscribed 1.00 times as of 29 Sep 2022. The retail portion is oversubscribed.

How to subscribe Concord Control Systems Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 27 Sep 2022 and closes 29 Sep 2022. Min investment: ₹110,000 (1 lot = 2,000 shares). UPI mandate: 2022-09-29.

How many times Concord Control Systems Ltd. IPO subscribed?

The Concord Control Systems Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Concord Control Systems Ltd. IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Oct 2022. Refunds: on 06 Oct 2022.

When Concord Control Systems Ltd. IPO will be listed?

The Concord Control Systems Ltd. IPO listing date is 10 Oct 2022, Monday. Listed on: BSE SME. Issue price: ₹55. Estimated listing: ₹55. GMP: NIL.

When Concord Control Systems Ltd. IPO close?

The Concord Control Systems Ltd. IPO closes on 29 Sep 2022, Thursday. UPI mandate: 2022-09-29. Allotment: 04 Oct 2022. Listing: 10 Oct 2022.