Concord Control Systems IPO subscription status started on Tuesday, September 27, 2022 and will close on September 29, 2022. Concord Control Systems IPO to raise around ₹8.31 crores via IPO. The retail quota is 35%, QIB is 50% and HNI is 15%. The price band is fixed at ₹53 to ₹55 per equity share. The IPO to list on BSE.
Concord Control Systems Limited is a manufacturer of Electric and Electronic ranges of products for Indian Railways and other Railway Contractors. The product range includes Railway Electrification (Battery Chargers, Control Panels, Distribution Panels, Testing Machine), and Coach-related products (Emergency Light, Fans, Coupler, Bellows). They have 2 manufacturing units in Lucknow, Uttar Pradesh. They are an Indian Railway/Research, Designs, and Standards Organization (RDSO) approved company for manufacturing and supplying products.
IPOWatch View:
We recommend investors may apply an IPO with Short-term and Long-term Viewws. Investors should also look at the Retail and HNI numbers before investing. You can check the Concord Control Systems IPO allotment status here.
Concord Control Systems IPO Subscription Status
Last Updated on Day 3 at 5:00
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.40 | 2.30 | 15.18 |
| NII | 4.95 | 38.90 | 307.40 |
| RII | 24.68 | 103.20 | 424.26 |
| Total | 9.59 | 43.13 | 202.41 |
Concord Control Systems IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Concord Control Systems IPO Review
- May Apply
Concord Control Systems IPO Date & Price Band
| Concord Control Systems IPO Open: | September 27, 2022 |
| Concord Control Systems IPO Close: | September 29, 2022 |
| Concord Control Systems IPO Size: | Approx ₹8.31 Crores, 1,532,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Concord Control Systems IPO Price Band: | ₹53 to ₹55 Per Equity Share |
| Concord Control Systems IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Concord Control Systems IPO Market Lot
| Minimum IPO Lot Size: | Minimum 2000 shares for 1 lot |
| Minimum Amount: | ₹110,000 for 1 lot |
Concord Control Systems IPO Subscription Dates
| Concord Control Systems IPO Open Date: | September 27, 2022 |
| Concord Control Systems IPO Close Date: | September 29, 2022 |
| Basis of Allotment: | October 4, 2022 |
| Refunds: | October 6, 2022 |
| Credit to Demat Account: | October 7, 2022 |
| Concord Control Systems IPO Listing Date: | October 10, 2022 |
Concord Control Systems IPO Form
How to apply Concord Control Systems IPO? You can apply Concord Control Systems IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Concord Control Systems IPO in the Invest section. The other option you can apply Concord Control Systems IPO via IPO forms download via the BSE website. Check out the Concord Control Systems forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
