Concord Control Systems Limited is engaged in the manufacturing and supply of bus and electrification related products to the Indian Railways and other railway suppliers. The company manufactures products required in railcars such as intercar coupler, emergency lighting system, brushless DC fan, exhaust fans, cable jackets, bellows etc. It is an approved dealer of Research Design and Standards Organization (RDSO). It is accredited with ISO 9001:2015 Quality Management System for TUV-SUD South Asia Pvt. Ltd.
Currently the company has two manufacturing units situated at Lucknow, Uttar Pradesh with a total size admeasuring over 1880 sq. Mtrs.
The company’s major clients include various zones of Indian Railways such as Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, Northern Frontier Railway, East Central Railway, Central Organization for Electrification of Railways (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.
Competitive Strengths
- We offer a diversified range of products
- Quality Assurance
- Long Standing Relationship with our customers
- Experienced and Qualified Management and Employee base
Company Promoters
- Mr. Nitin Jain
- Mr. Gaurav Lath
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
|---|---|---|---|
| Total Revenue | 3,173.54 | 1,760.91 | 1,589.25 |
| Total Expense | 2,825.10 | 1,573.67 | 1,443.01 |
| Profit Before Tax | 348.44 | 187.24 | 146.25 |
| Profit After Tax | 258.99 | 143.21 | 104.57 |
Object Of The Issue
- To meet working capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Concord Control Systems IPO – Details
| IPO Opening Date | 27 September 2022 |
| IPO Closing Date | 29 September 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹8.31 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹53 – ₹55 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Concord Control Systems IPO – Date Schedule
| IPO Open Date | 27 September 2022 |
| IPO Close Date | 29 September 2022 |
| Basis of Allotment Date | 04 October 2022 |
| Initiation of Refunds | 06 October 2022 |
| Credit of Shares to Demat Account | 07 October 2022 |
| IPO Listing Date | 10 October 2022 |
Concord Control Systems IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,10,000 |
| Maximum | 1 | 2000 | 1,10,000 |
Concord Control Systems IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Concord Control Systems IPO Prospectus
Company Contact Information
| Concord Control Systems Limited G-36 U.P.S.I.D.C, Industrial Area, Deva Road, Chinhat, Lucknow-226019 Phone: +91-78000 08745 Email: info@concordgroup.in Website: http://www.concordgroup.in/ |
Concord Control Systems IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Concord Control Systems IPO Lead Manager(s)
| 1. Hem Securities Limited |
Concord Control Systems IPO FAQs
| What is Concord Control Systems IPO? Concord Control Systems IPO is a SME IPO. The issue is priced at ₹55 per equity share. The IPO is to be listed on BSE SME. |
| When Concord Control Systems IPO will open? The IPO is to open on 27 September 2022 for NII and Retail Investors. |
| What is Concord Control Systems IPO Investors Portion? The investors’ portion for QIB-50%, NII-15%, and Retail 35%. |
| How to Concord Control Systems IPO? You can apply Concord Control Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Concord Control Systems IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Concord Control Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Concord Control Systems IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Concord Control Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Concord Control Systems IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Concord Control Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Concord Control Systems IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Concord Control Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Concord Control Systems IPO Size? Concord Control Systems IPO size is ₹8.31 crores. |
| What is Concord Control Systems IPO Price Band? Concord Control Systems IPO Price Band is ₹55. |
| What is Concord Control Systems IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,10,000 amount while the maximum bid is 2000 shares with ₹1,10,000. |
| What is the Concord Control Systems IPO Allotment Date? Concord Control Systems IPO allotment date is 04 October 2022. |
| What is the Concord Control Systems IPO Listing Date? Concord Control Systems IPO listing date is 10 October 2022. The IPO is to list on BSE SME. |
