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Concord Control Systems Limited IPO

Concord Control Systems Limited IPO

IPO Date :
Issue Price :
Allotment Date :
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Listed Price: ₹ 109.95 (+99.91%)

Concord Control Systems Limited's has transitioned to a publicly listed entity following its IPO debut on 10-10-2022 at the BSE exchange. The public offering successfully raised 15,12,000 Shares, consisting of 15,12,000 Sharesin new capital.

The IPO featured a competitive price range of ₹55 to ₹55 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between 27-09-2022 and 29-09-2022, reflecting investor appetite for the offering.

Allotment of shares was completed on 04-10-2022, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Concord Control IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Concord Control IPO Key Performance Indicator
Company Financials ( In Lakhs )

Concord Control IPO About Company

Concord Control Systems Limited, incorporated in 2011, manufactures and supplies coach-related and electrification products for Indian Railways and other railway contractors. The company produces items for railway coaches, including inter-vehicular couplers, emergency lighting systems, brushless DC carriage fans, exhaust fans, cable jackets, and bellows, as well as electrification products like 200 AH and 40 AH battery chargers and tensile testing machines. An approved vendor of the Research Design and Standards Organisation (RDSO), Concord operates two manufacturing units in Lucknow, Uttar Pradesh, spanning over 1,880 sq. meters. Its key clients include multiple Indian Railways zones such as Eastern Railway, South Eastern Railway, Northern Railway, East Coast Railway, and organizations like KEC International Limited, Larsen & Toubro Limited, Kalpataru Power Transmission Ltd., Rail Vikas Nigam Limited, Fedders Lloyd Corporation Limited, and Tata Projects Limited. The company’s revenue from operations for FY 2022, 2021, and 2020 stood at Rs. 31.45 crore, Rs. 17.27 crore, and Rs. 15.58 crore, respectively.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Concord Control IPO Strength Factors

NA


Concord Control IPO Risk Factors

NA


Concord Control IPO Lead Manager(s)

  • Hem Securities Limited

Concord Control IPO Promoter(s)

  1. Mr. Nitin Jain
  2. Mr. Gaurav Lath

Concord Control IPO Company Details

Concord Control Systems Limited
Phone:
address:

Concord Control IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Concord Control IPO FAQs