Concord Control Systems IPO

Concord Control Systems IPO Review

Concord Control Systems IPO Overview

Concord Control Systems Limited, a 2011 incorporation, manufactures and supplies electrification and coach-related products to Indian Railways and other railway contractors. The business produces items needed for railroad coaches, such as the Inter-Vehicular Coupler, Emergency Lighting System, Brushless DC carriage fan, Exhaust fans, Cable Jackets, and Bellows, as well as items needed for electrifying coaches and the Indian Railways’ broad gauge network, such as battery chargers 200 AH and 40 AH and tensile testing equipment.

The Research Design and Standards Organisation (“RDSO”) has authorised Concord Control Systems Limited as a vendor for the manufacturing and sale of certain goods to the Indian Railways.

The firm now has two production facilities, totaling approximately 1880 square metres, in Lucknow, Uttar Pradesh.

The Central Organization For Railway Electrification (CORE), the Indian Railways, and businesses like KEC International Limited, Larsen & Toubro Limited, Rail Vikas Nigam Limited,  Kalpataru Power Transmission Ltd., Fedders Lloyd Corporation Limited, and Tata Projects L.P. are some of the company’s major clients.

The company’s operating revenue for the fiscal years ended March 31, 2022, 2021, and 2020 was reported in the restated consolidated financial statements as being Rs. 3144.69 lakhs, Rs. 1727.05 lakhs, and Rs. 1558.48 lakhs, respectively.

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 Size

1,532,000 shares of ₹10

(aggregating up to ₹8.31 Cr)

Fresh Issue

1,532,000 shares of ₹10

(aggregating up to ₹8.31 Cr)

Issue Type

Book Built Issue IPO

Listing At

BSE SME

QIB Shares Offered

Not more than 50% of the Net Offer

NII (HNI) Shares Offered

Not less than 15% of the Net Offer

Retail Shares Offered

Not less than 35% of the Net Offer

Company Promoters

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

Concord Control Systems IPO Financial Performance

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

Concord Control Systems IPO Key Ratios

 

FY 2020

FY 2021

FY 2022

EPS

2.49

3.41

6.17

PE ratio

RONW (%)

29.83

28.91

34.35

NAV

8.35

11.80

17.95

Debt/Equity ratio

0.42

Listing Performance of Concord Control Systems IPO

Listed On : BSE SME

Issue Price : ₹53 to ₹55 per share

Listing Day Close : NA

Listing Day Gain : NA

Concord Control Systems IPO ISIN Number Code

NSE : NA

ISIN CODE : NA

BSE : NA

Concord Control Systems IPO Allotment Status

BSE IndiaClick Here

KfintechClick Here

Link InTimeClick Here

Concord Control Systems IPO Important Dates

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 Contact Details

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 Contact Details

Bigshare Services Pvt Ltd

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

Concord Control Systems IPO Subscription Details

Updated Soon.

Concord Control Systems IPO FAQ's

The Concord Control Systems IPO is a BSE SME IPO of ₹53 to ₹55 per share with a face value of 10 per equity share.
The issue size is priced at 1,532,000 shares of ₹10 (aggregating up to ₹8.31 Cr).
The fresh issue size priced at 1,532,000 shares of ₹10 (aggregating up to ₹8.31 Cr).
The initial public offering (IPO) begins on Sep 27, 2022 and ends on Sep 29, 2022.
The registrar for the IPO is Link Intime India Private Ltd.

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

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

The finalisation 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 status.

The Concord Control Systems IPO listing date is on Oct 10, 2022.

Concord Control Systems IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Concord Control Systems IPO Comments