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Concord Control Systems IPO is a book build issue of ₹8.32 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹8.32 crore.
Concord Control Systems IPO bidding started from Sep 27, 2022 and ended on Sep 29, 2022. The allotment for Concord Control Systems IPO was finalized on Oct 4, 2022. The shares got listed on BSE SME on Oct 10, 2022.
Concord Control Systems IPO price band is set at ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,06,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Concord Control Systems IPO RHP for detailed Information.
| IPO Date | September 27, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹53 to ₹55 per share |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,12,000 shares (aggregating up to ₹8.32 Cr) |
| Reserved for Market Maker | 78,000 shares Hem Securities Ltd. (aggregating up to ₹0.4290 Cr) |
| Net Offered to Public | 14,34,000 shares (aggregating up to ₹7.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 42,00,000 shares |
| Share Holding Post Issue | 57,12,000 shares |
Concord Control Systems IPO offers total 15,12,000 shares. Out of which 7,16,000 (47.35%) allocated to QIB, 2,88,000 (19.05%) allocated to QIB, 2,16,000 (14.29%) allocated to NII, 5,02,000 (33.20%) allocated to RII and 4,28,000 (28.31%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.16%) |
| QIB Shares Offered | 7,16,000 (47.35%) |
| − Anchor Investor Shares Offered | 4,28,000 (28.31%) |
| − QIB (Ex. Anchor) Shares Offered | 2,88,000 (19.05%) |
| NII (HNI) Shares Offered | 2,16,000 (14.29%) |
| Retail Shares Offered | 5,02,000 (33.20%) |
| Total Shares Offered | 15,12,000 (100.00%) |
Concord Control Systems IPO raises ₹2.35 crore from anchor investors. Concord Control Systems IPO Anchor bid date is September 26, 2022. Concord Control Systems IPO Anchor Investors list
| Bid Date | September 26, 2022 |
| Shares Offered | 4,28,000 |
| Anchor Portion Size (In Cr.) | 2.35 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 3, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 2, 2023 |
Concord Control Systems IPO opens on September 27, 2022, and closes on September 29, 2022.
| IPO Open Date | Tue, Sep 27, 2022 |
| IPO Close Date | Thu, Sep 29, 2022 |
| Tentative Allotment | Tue, Oct 4, 2022 |
| Initiation of Refunds | Thu, Oct 6, 2022 |
| Credit of Shares to Demat | Fri, Oct 7, 2022 |
| Tentative Listing Date | Mon, Oct 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 29, 2022 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 | |||||
The market capitalization of Concord Control Systems IPO is ₹31.42 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.14 |
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.
[Dilip Davda] 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...
| Listing Date | October 10, 2022 |
| BSE Script Code | 543619 |
| NSE Symbol | |
| ISIN | INE0N0J01014 |
| Final Issue Price | ₹55 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹109.95 |
| Low | ₹109.95 |
| High | ₹115.40 |
| Last Trade | ₹115.40 |
Concord Control Systems Ltd.
G-36 U.P.S.I.D.C, Industrial Area,
Deva Road, ,
Chinhat
Lucknow, Uttar Pradesh, 226019
Phone: +91-78000 08745
Email: info@concordgroup.in
Website: http://www.concordgroup.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Concord Control Systems IPO is a SME IPO of 15,12,000 equity shares of the face value of ₹10 aggregating up to ₹8.32 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on September 27, 2022, and closes on September 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
Visit Zerodha IPO Application Process Review for more detail.
The Concord Control Systems IPO opens on September 27, 2022 and closes on September 29, 2022.
Concord Control Systems IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Concord Control Systems IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Concord Control Systems IPO will be done on Tuesday, October 4, 2022, and the allotted shares will be credited to your demat account by Friday, October 7, 2022. Check the Concord Control Systems IPO allotment status.
The Concord Control Systems IPO listing date is on Monday, October 10, 2022.
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