Concord Control Systems Limited
ListedSMECapital Goods / Industrial Engineering · BSE
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.
Price Band
₹55
Issue Size
₹8.32 Cr
Lot Size
2000 shares
GMP
₹75
+136.4%
Est. Listing
₹130
at current GMP
Subscribed
202.41x
overall
Open
27 Sep 2022
Close
29 Sep 2022
Allotment
4 Oct 2022
Refund
5 Oct 2022
Demat Credit
6 Oct 2022
Listing
10 Oct 2022
Last updated 12 days ago
Key Highlights
- •Leading player in the Capital Goods / Industrial Engineering segment
- •Price band established at ₹55 - ₹55 per equity share
- •Minimum bid lot is 2000 shares
- •Estimated listing target of ₹130 based on current grey market activity