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Concord Control Systems IPO Subscription Details (Live Status)

Concord Control Systems IPO Details

IPO Open Sep 27, 2022
IPO Close Sep 29, 2022
IPO Price ₹55
Face Value ₹10
IPO Size ₹8.32 Cr
Listing At BSE SME
Lot Size 2000
Open an Instant Account with Zerodha

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 Sep 29, 2022.

Investor CategorySubscription (times)
Qualified Institutions15.18
Non-Institutional Buyers307.40
Retail Investors424.26
Employees[.]
Others[.]
Total202.41

Concord Control Systems IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
Sep 27, 2022
0.404.9524.689.59
Day 2
Sep 28, 2022
2.3038.90103.2043.13
Day 3
Sep 29, 2022
15.18307.40424.26202.41

Concord Control Systems IPO Shares Offered

Concord Control Systems IPO is a public issue of 1,434,000 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.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB716,0003.9449.93%
NII216,0001.1915.06%
Retail502,0002.7635.01%
Total1,434,0007.89100%

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 Sep 29, 2022.

Concord Control Systems IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional15.18
Non Institutional307.40
Retail Individual424.26
Employee Reservations[.]
Others[.]
Total Subscription202.41

Retail category of Concord Control Systems IPO subscribed 424.26 times as of date Sep 29, 2022. The public issue closes on Sep 29, 2022 for bidding.

An investor can apply in Concord Control Systems IPO online via bank (using ASBA) or the broker (using UPI). The Concord Control Systems IPO shares are offered online only.

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

The Concord Control Systems IPO allotment status is expected on or around Oct 4, 2022. Visit Concord Control Systems IPO allotment status to check.

The Concord Control Systems IPO listing date is not yet announced. The Concord Control Systems IPO is planned to list on Oct 10, 2022, at BSE SME.

Visit Concord Control Systems IPO subscription status page for real-time bidding information about Concord Control Systems IPO.

Concord Control Systems IPO Timetable

IPO Opens OnSep 27, 2022
IPO Closes OnSep 29, 2022
Finalisation of Basis of AllotmentOct 4, 2022
Initiation of RefundsOct 6, 2022
Credit of Shares to Demat AccountOct 7, 2022
IPO Listing DateOct 10, 2022