Concord Control Systems IPO will open for subscription from 27 September 2022. the company aims for an issue size of ₹8.31 Cr through this IPO.
Concord Control Systems Limited
The company is engaged in the business of manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors. It 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. Company is an approved vendor by Research Design and Standards Organisation (RDSO) to manufacture and supply these products for the Indian Railways.
The company has two manufacturing units situated at Lucknow, Uttar Pradesh with a total size admeasuring over 1880 sq. mtrs. The company has a well-equipped laboratory, modern technology, and testing equipment to ensure that the products confirm the predetermined standards. The company’s R&D capabilities include product engineering, product simulation, prototyping, and testing which are mainly undertaken at our manufacturing facilities.
The company’s key clients 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.
Basic details about the company
| Full name | Concord Control Systems Limited |
| Sector | Manufacturer |
| Industry | Electric products |
| Company Website | https://www.concordgroup.in/ |
Objects of the Issue
- For working capital requirements.
- For issue expenses.
- General Corporate Purpose.
Dates to remember
| IPO Opening date | 27 September 2022 |
| IPO Closing | 29 September 2022 |
| Basis of Allotment | 04 October 2022 |
| Initiation Refunds | 06 October 2022 |
| Credit to Demat Account | 07 October 2022 |
| Listing Date | 10 October 2022 |
Concord Control Systems IPO Details
| Concord Control Systems IPO Date | Sep 27, 2022 to Sep 29, 2022 |
| Concord Control Systems Face Value | ₹10 per share |
| Concord Control IPO Price | ₹53 to ₹55 per share |
| 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 |
Concord Control Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
Concord Control Systems IPO Reservation Details
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
| QIB Shares Offered | 50% |
Concord Control Systems Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Revenue | 1,589.25 | 1,760.91 | 3,173.54 |
| Expenses | 1,443.01 | 1,573.67 | 2,825.10 |
| Net income | 104.57 | 143.21 | 258.99 |
Concord Control Systems Valuations & Margins
| 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 |
Company Promoters
- Mr. Nitin Jain
- Mr. Gaurav Lath
Concord Control Systems IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Hem Securities Limited
Concord Control Systems Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: +91 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Concord Control Systems Contact Details
Concord Control Systems Limited
G-36, U.P.S.I.D.C Industrial Area
Deva Road, Chinhat
Lucknow-226019
Uttar Pradesh, India
Phone: +91-78000 08745
Email: info@concordgroup.in
Website: www.concordgroup.in
Concord Control Systems IPO Allotment Status
Concord Control Systems IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Concord Control Systems IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
