Concord Control Systems IPO subscription is to open on Sep 27, 2022 and will close on Sep 29, 2022, the price band of the Concord Control Systems IPO is fixed at ₹ 53 – ₹ 55. Concord Control Systems is engaged in the business of manufacturing and supply of coach related and electrification products for Indian Railways and other Railway Contractors
- About Concord Control Systems
- Objects of the Issue
- Concord Control Systems Limited Financials:
- Concord Control Systems IPO Details
- Concord IPO DRHP & RHP
- Concord IPO Lot Size
- Concord IPO Lead Managers
- Concord IPO Registrar
- Concord Control IPO Allotment Date, Listing Date and other Important Dates
- Company Registered Office
- Company Promoters
- Concord Control Systems IPO FAQS
About Concord Control Systems
Concord Control Systems is engaged in the business of manufacturing and supply of coach related and electrification products for Indian Railways and other Railway Contractors. Concord Control Systems manufacture 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 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 are approved vendor by Research Design and Standards Organisation (“RDSO”) to manufacture and supply these products for the Indian Railways.
Objects of the Issue
- To meet working capital requirements
- General Corporate Purpose
- To meet issue expenses
Concord Control Systems Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 1,467.22 | 1,251.35 | 838.01 |
| Total income | 3,173.54 | 1,760.91 | 1,589.25 |
| Total Expenses | 2,825.10 | 1,573.67 | 1,443.01 |
| Profit After Tax | 258.99 | 143.21 | 104.57 |
Concord Control Systems IPO Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 15,12,000 Equity Shares of ₹ 10 (aggregating up to ₹ 2602.36 lakhs) |
| Issue Open Date | 27-Sep-22 |
| Issue Close Date | 29-Sep-22 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 53 – ₹ 55 |
| Face Value | ₹ 10 |
| Market Lot | 2000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 2000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE SME |
| NSE Symbol | CCSL |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Concord IPO DRHP & RHP
Concord IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 2000 | ₹ 1,10,000 |
| Maximum | 1 | 2000 | ₹ 1,10,000 |
Concord IPO Lead Managers
- Hem Securities Limited
Concord IPO Registrar
Concord Control IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 27-Sep-22 |
| Bid / Offer Closes on | 29-Sep-22 |
| Finalisation of Basis of Allotment | 04-Oct-22 |
| Initiation of refunds | 06-Oct-22 |
| Credit of the Equity Shares | 07-Oct-22 |
| Listing Date | 10-Oct-22 |
Company Registered Office
G-36, U.P.S.I.D.C, Industrial Area,
Deva Road, Chinhat,
Lucknow-226019,
Uttar Pradesh, India.
Website: www.concordgroup.in
Company Promoters
- Mr. Nitin Jain
- Mr. Gaurav Lath
Concord Control Systems IPO FAQS
What is the Concord IPO Price?
The Concord IPO price band is ₹ 53 – ₹ 55 per share
When Concord IPO will open?
The Concord IPO opens on Sep 27, 2022 and closes on Sep 29, 2022
What is the lot size of Concord IPO?
The Concord IPO lot size is 2000 Equity Shares and the minimum order quantity is 2000 Equity Shares
Who is the Registrar for Concord Control Systems IPO?
The Registrar for Concord Control Systems IPO is Bigshare Services Private Limited
How to apply in Concord Control Systems IPO through UPI?
Check the step by step process here – Click here
How to apply in Concord Control Systems IPO through Zerodha?
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