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Concord Control Systems IPO Details

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Subscription StatusAllotment StatusListing Date

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

Concord Control Systems IPO

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

DescriptionIPO Details
Public IssueInitial Public Issue of upto 15,12,000 Equity Shares of ₹ 10 (aggregating up to ₹ 2602.36 lakhs)
Issue Open  Date27-Sep-22
Issue Close Date29-Sep-22
Issue TypeBook 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 InvestorRs. 2,00,000
Listing BSE SME
NSE SymbolCCSL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Concord IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum12000₹ 1,10,000
Maximum12000₹ 1,10,000

Concord IPO Lead Managers

  • Hem Securities Limited

Concord IPO Registrar

Concord Control IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on27-Sep-22
Bid / Offer Closes on29-Sep-22
Finalisation of Basis of Allotment04-Oct-22
Initiation of refunds 06-Oct-22
Credit of the Equity Shares07-Oct-22
Listing Date10-Oct-22

Company Registered Office

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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?

Check the step by step process here – Click here

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