What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Concord Control Systems Limited IPO?

Concord Control Systems Limited IPO has received a total subscription of 202.41 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Concord Control Systems Limited

ListedSME

Capital 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

202.41x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 202.41x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	756,364	—	0.00x
Non-Institutional (NII / HNI)	226,909	—	0.00x
Retail Individual (RII)	529,455	—	0.00x
Total	1,512,728	0	202.41x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 202.41x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	265	53,639	202.41x
HNIs (10L +)	2	405	202.50x
HNIs (2-10L)	8	1,619	202.38x
Total Applications	275	55,663	202.41x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Concord Control Systems Limited Public Issue & Market Profile

Concord Control Systems Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Engineering sector with an aggregate issue size of ₹8.32 Crores. The shares are offered at a price band of ₹55 to ₹55 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2022-09-29, the basis of allotment is scheduled to be finalized on 2022-10-04. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Concord Control Systems Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Concord Control Systems Limited IPO is ₹75 per equity share. Based on the upper price band of ₹55 to ₹55 per equity share, the estimated listing price is ₹130 (+136.4% expected listing gain).

What is the expected profit per lot for Concord Control Systems Limited IPO?

With a lot size of 2000 shares and current GMP of ₹75, the expected profit per application lot is approx ₹1,50,000 (+136.4% gain). Minimum application cost is approx ₹1,10,000.

What is the issue size and price band for Concord Control Systems Limited IPO?

The Concord Control Systems Limited IPO aggregate issue size is ₹8.32 Crores with an equity price band set at ₹55 to ₹55 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,10,000.

How can I check Concord Control Systems Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 202.41x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Concord Control Systems Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2022-10-04. Investors can verify status using PAN card or application number.

When is the listing date for Concord Control Systems Limited IPO?

Concord Control Systems Limited shares are scheduled to list on BSE on 2022-10-10.