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IPO

IPO Details


Concord Control Systems Ltd
Registered Office: G-36 UPSIDC Industrial Area, Deva Road Chinhat, Lucknow - 226019, Uttar Pradesh
Phone: 91-78000 08745
Email: info@concordgroup.in
Website: www.concordgroup.in
Initial public offer of upto 15,12,000* equity shares of face value of Rs.10/- each (the Equity Shares) of Concord Control Sytems Limited (The Company or CCSL or The Issuer) at an issue price of Rs. 55/- per equity share for cash, aggregating up to Rs. 8.32 crores (Public Issue) out of which 78,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 55 per equity share for cash, aggregating Rs. 0.43 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 14,34,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 55/- per equity share for cash, aggregating upto Rs. 7.89/- crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.47% and 25.11% respectively of the post- issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment The face value of the equity shares is Rs. 10/- each. The issue price is 5.5 times with the face value of the equity shares. The anchor investor issue price is Rs. 55/- per equity share. The floor price is 5.5 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.
Issue Money Payable On
Opens On Closes On Application Allotment
27-Sep-2022 29-Sep-2022 ₹ 55.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 7.49 Hem Securities Ltd
Project Financed through Current Offer 8.32
Post Issue Equity Share Capital 5.71
Issue Price ₹55.00
Projects
To meet working capital requirements
General corporate purposes
Promoted By
Nitin Jain
Gaurav Lath
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

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