Concord Control Systems IPO 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 – Overview
| IPO Dates | 27-29 sept 2022. |
| IPO Price | INR 55 per share |
| Fresh issue | 1,512,000 shares (INR 8.32 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,512,000 shares (INR 8.32 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE Emerge |
Concord Control Systems IPO -Tentative Dates
| IPO Offer Opening Date | 27 September 2022 |
| IPO Closing Date | 29 September 2022 |
| Finalisation of Basis of Allotment | 4 October 2022 |
| Initiation of refunds | 6 October 2022 |
| Transfer of shares to demat accounts | 7 October 2022 |
| IPO Listing Date | 10 October 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 2011, Concord Control Systems Limited is engaged in the business of manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors. The company 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.
Concord Control Systems Limited is an approved vendor by Research Design and Standards Organization (“RDSO”) to manufacture and supply these products for the Indian Railways.
Currently the company has two manufacturing units situated at Lucknow, Uttar Pradesh with a total size admeasuring over 1880 sq. Mtrs.
The key clients of the company 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 Organization 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.
Competitive Strengths
- Wide range of logistics services and solutions.
- Diversified customer base across varied industry verticals.
- Long standing relationship with Customers.
- Strong relationship with constituents of logistics value chain.
- Experienced Management team.
Objects of the Issue
- Funding additional Working capital requirements
- General Corporate Purposes
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 1467.22 | 1251.35 | 838.01 |
| Total Revenue | 3173.54 | 1760.91 | 1589.25 |
| Profit After Tax | 258.99 | 143.21 | 104.57 |
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/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
