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Concord Control Systems IPO is a Book Building IPO listing on BSE SME exchange. The company is based in Lucknow and caters to Engineering - Heavy Machinery sector. Hem Securities is the merchant banker of Concord Control Systems IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 8th September 2022.
Concord Control Systems IPO open date is 27th September 2022 and close date is 29th September 2022. IPO Allotment Date is 4th October 2022 and Listing date is 10th October 2022.
IPO
Size:
₹ 8.32 Cr.
Avg IPO Size (Sector Based)
: ₹
28.38 cr.
Sector: Engineering - Heavy Machinery
SME
IPO so far:
6
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
126
City:
Lucknow
SME
IPO so far:
3
Revenue (annualised):
₹
31.74
cr. 
PE
Ratio:
12.14x
Average Sector PE Ratio: 15.35x
Concord Control Systems IPO size is ₹ 8.32 Cr. with IPO price of ₹ 55.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Concord Control Systems IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Securities Limited for Concord Control Systems IPO.
Concord Control Systems IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| India - Ahead | 182,000.00 | ₹ 55.00 | ₹ 10,010,000.00 |
| Maven India Fund | 246,000.00 | ₹ 55.00 | ₹ 13,530,000.00 |
Concord Control Systems IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Concord Control Systems IPO, based in Lucknow, operates in the Engineering - Heavy Machinery sector with a focus on . The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Concord Control Systems IPO size is ₹ 8.32 Cr. with fresh issue size of ₹ 8.32 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Concord Control Systems IPO is expected to be 4th October 2022, after the finalization of basis of allotment. Investors can check Concord Control Systems IPO allotment status on the registrars website, Bigshare Services Private Limited. Concord Control Systems IPO refund dates are 6th October 2022.
Concord Control Systems IPO is expected to be listed on 10th October 2022.
The upper price band for the Concord Control Systems IPO is set at ₹ 55.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Concord Control Systems IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Concord Control Systems IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 29th September 2022. After submission, funds are blocked until the basis of allotment of Concord Control Systems IPO is finalised.
The merchant banker for Concord Control Systems IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Concord Control Systems IPO RHP for further details.
The registrar for Concord Control Systems IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Concord Control Systems IPO through their official website or helpline.
Concord Control Systems IPO was subscribed 202.41 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 8.32 Cr.
Avg IPO Size (Sector Based)
:
₹ 28.38 Cr.
Sector: Engineering - Heavy Machinery
SME
IPO so far:
6
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
126
City:
Lucknow
SME
IPO so far:
3
Revenue (annualised):
₹ 31.69 cr.
PE
Ratio:
12.14x
Average Sector PE Ratio: 15.35x
Concord Control Systems IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Concord Control Systems Financial Review Page
Merchant Banker(s) of Concord Control Systems IPO: Hem Securities Limited
Concord Control Systems IPO subscription was 202.41 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Concord Control Systems IPO listed at a listing price of 115.40 against the offer price of 55.00.
The current market price of Concord Control Systems is 1370.05.
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