Concord Control Systems IPO

Concord Control Systems IPO

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 nameConcord Control Systems Limited
IndustryElectric products
Company Website

Objects of the Issue

  • For working capital requirements.
  • For issue expenses.
  • General Corporate Purpose.

Dates to remember

IPO Opening date27 September 2022
IPO Closing29 September 2022
Basis of Allotment04 October 2022
Initiation Refunds06 October 2022
Credit to Demat Account07 October 2022
Listing Date10 October 2022

Concord Control Systems IPO Details

Concord Control Systems IPO DateSep 27, 2022 to Sep 29, 2022
Concord Control Systems Face Value₹10 per share
Concord Control IPO Price₹53 to ₹55 per share
Lot Size2000 Shares
Issue Size1,532,000 shares of ₹10
(aggregating up to ₹8.31 Cr)
Fresh Issue1,532,000 shares of ₹10
(aggregating up to ₹8.31 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME

Concord Control Systems IPO Lot Size

Retail (Min)12000₹110,000
Retail (Max)12000₹110,000

Concord Control Systems IPO Reservation Details

NII (HNI) Shares Offered15%
Retail Shares Offered35%
QIB Shares Offered50%

Concord Control Systems Financial Performance

Net income104.57143.21258.99
(Figures are in ₹Lakhs)

Concord Control Systems Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio
RONW (%)29.8328.9134.35
Debt/Equity ratio0.42

Company Promoters

  • Mr. Nitin Jain
  • Mr. Gaurav Lath

Concord Control Systems IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

  • Hem Securities Limited

Concord Control Systems Registrar

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

Concord Control Systems Contact Details

Concord Control Systems Limited
G-36, U.P.S.I.D.C Industrial Area
Deva Road, Chinhat
Uttar Pradesh, India
Phone: +91-78000 08745

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

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