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Concord Control Systems Limited IPO (Concord Control Systems IPO) Detail

Sep 27, 2022 - Sep 29, 2022

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.

Company Financials

Concord Control Systems Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20838.011589.25104.57350.58330.25
31-Mar-211251.351760.91143.21495.47474.9
31-Mar-221467.223173.54258.99754.24733.86
Amount in ₹ Lakhs

Objects of the Issue

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.

Concord Control Systems IPO Details

Concord Control Systems IPO Date Sep 27, 2022 to Sep 29, 2022
Concord Control Systems IPO Face Value ₹10 per share
Concord Control Systems IPO Price ₹53 to ₹55 per share
Concord Control Systems IPO Lot Size 2000 Shares
Issue Size1,512,000 shares of ₹10
(aggregating up to ₹8.32 Cr)
Fresh Issue1,512,000 shares of ₹10
(aggregating up to ₹8.32 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
Company Promoters

Mr. Nitin Jain and Mr. Gaurav Lath are the company promoters.

Concord Control Systems IPO Timeline (Tentative Timetable)

Concord Control Systems IPO opens on Sep 27, 2022, and closes on Sep 29, 2022. The Concord Control Systems IPO bid date is from Sep 27, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Concord Control Systems IPO Opening Date Sep 27, 2022
Concord Control Systems IPO Closing Date Sep 29, 2022
Basis of Allotment Oct 4, 2022
Initiation of Refunds Oct 6, 2022
Credit of Shares to Demat Oct 7, 2022
Concord Control Systems IPO Listing Date Oct 10, 2022

Concord Control Systems IPO Lot Size

The Concord Control Systems IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹110,000
Retail (Max) 1 2000 ₹110,000

Concord Control Systems IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.53%

Concord Control Systems IPO Review

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...


Concord Control Systems IPO Subscription Status (Bidding Detail)

The Concord Control Systems IPO is subscribed 9.59 times on Sep 27, 2022 4:58:00 PM. The public issue subscribed 24.68 times in the retail category, 0.40 times in the QIB category, and 4.95 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.40
NII4.95
Retail24.68
Total9.59

Concord Control Systems IPO Prospectus

Concord Control Systems IPO Rating

124
3.7
Rating:Rated 3.7 stars
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Company Contact Information

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/

Concord Control Systems IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Concord Control Systems IPO Review

Concord Control Systems IPO Recommendation Summary

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Members 6 0 0

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Concord Control Systems IPO FAQs

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 Sep 27, 2022, and closes on Sep 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Concord Control Systems IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Concord Control Systems IPO opens on Sep 27, 2022 and closes on Sep 29, 2022.

Concord Control Systems IPO lot size is 2000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Concord Control Systems IPO will be done on Oct 4, 2022, and the allotted shares will be credited to your demat account by Oct 7, 2022. Check the Concord Control Systems IPO allotment status.

The Concord Control Systems IPO listing date is not yet announced. The tentative date of Concord Control Systems IPO listing is Oct 10, 2022.
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