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CNCRDSME / BSEListed
Concord Control Systems

Concord Control Systems Limited, incorporated in 2011, manufactures and supplies coach-related and electrification products for Indian Railways and other railway contractors. The company produces items for railway coaches, including inter-vehicular couplers, emergency lighting systems, brushless DC carriage fans, exhaust fans, cable jackets, and bellows, as well as electrification products like 200 AH and 40 AH battery chargers and tensile testing machines. An approved vendor of the Research Design and Standards Organisation (RDSO), Concord operates two manufacturing units in Lucknow, Uttar Pradesh, spanning over 1,880 sq. meters. Its key clients include multiple Indian Railways zones such as Eastern Railway, South Eastern Railway, Northern Railway, East Coast Railway, and organizations like KEC International Limited, Larsen & Toubro Limited, Kalpataru Power Transmission Ltd., Rail Vikas Nigam Limited, Fedders Lloyd Corporation Limited, and Tata Projects Limited. The company’s revenue from operations for FY 2022, 2021, and 2020 stood at Rs. 31.45 crore, Rs. 17.27 crore, and Rs. 15.58 crore, respectively.

₹55 - ₹55202.41x sub
Listed Price₹109.95
Listing Gain+99.91%

IPO Schedule & Timeline

Bookbuilding IPO
Open27 Sep 2022
Close29 Sep 2022
Allotment04 Oct 2022
Listing10 Oct 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker78,000 shares
5.16%
QIB7,16,000 shares
47.35%
Nii (hni)2,16,000 shares
14.29%
Retail5,02,000 shares
33.2%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,10,000
HNI2 Lots (4,000 shares)
₹2,20,000

Company Promoters

Mr. Nitin JainMr. Gaurav Lath

Company Background

Concord Control Systems Limited, incorporated in 2011, manufactures and supplies coach-related and electrification products for Indian Railways and other railway contractors. The company produces items for railway coaches, including inter-vehicular couplers, emergency lighting systems, brushless DC carriage fans, exhaust fans, cable jackets, and bellows, as ...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-20 )₹1589.25 Cr
Growth-49.9%
Revenue Trend (₹ in Crores)
0.01.2k2.4k3.6kMar-22 Mar-21 Mar-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-20 1589.25 104.57838.010
Mar-21 1760.91143.21 1251.350
Mar-22 3173.54258.991467.220

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
04 Oct 2022
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
10 Oct 2022

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Concord Control Systems. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization04 Oct 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date10 Oct 2022Trading commences on exchange

How to Check Concord Control Systems Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Concord Control Systems IPO

Complete issue overview for Concord Control Systems (CNCRD) IPO. The issue features an equity share price band of ₹55 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,10,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions