Concord Control Systems Limited
September 27, 2022 – September 29, 2022
| Price | ₹55 - ₹55 |
| Premium | ₹75 |
|---|---|
| Lot size | 2000 |
| Allotment | Oct 4, 2022 |
| Listing | Oct 10, 2022 |
Concord Control Systems Limited
G-36 U.P.S.I.D.C, Industrial Area,
Deva Road, Chinhat,
Lucknow-226019
Phone: +91-78000 08745
Email: info@concordgroup.in
Website: http://www.concordgroup.in/
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 15.18 |
| Non-Institutional Buyers | 307.40 |
| Retail Investors | 424.26 |
| Employees | [.] |
| Others | [.] |
| Total | 202.41 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 110000 | 0 |
| HNI | 2 | 4000 | 220000 | 0 |
Incorporated in 2011, Concord Control Systems Limited is engaged in the business of manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors. The company manufactures products required in railway coaches like Inter-Vehicular Coupler, Emergency Lighting System, Brushless DC carriage fan, Exhaust fans, Cable Jackets, Bellows etc. and products required in the electrification of coaches and broad gauge network of Indian Railways like Battery Charger 200 AH, Battery Charger 40 AH, Tensile Testing Machine.
Concord Control Systems Limited is an approved vendor by Research Design and Standards Organisation ("RDSO") to manufacture and supply these products for the Indian Railways.
Currently the company has two manufacturing units situated at Lucknow, Uttar Pradesh with a total size admeasuring over 1880 sq. Mtrs.
The key clients of the company include various zones of the Indian Railways like Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, North Frontier Railway, East Central Railway, Central Organisation For Railway Electrification (CORE) and organizations like KEC International Limited, Larsen & Toubro Limited, Kalpataru Power Transmission Ltd., Rail Vikas Nigam Limited, Fedders Lloyd Corporation Limited, Tata Projects Limited and many more.
As per the Restated Consolidated Financial statements, the company's revenue from operations for the Financial year ended on March 31, 2022, 2021 and 2020 were Rs. 3144.69 lakhs, Rs. 1727.05 lakhs and Rs. 1558.48 lakhs.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 838.01 | 1589.25 | 104.57 | 350.58 | 330.25 |
| 31-Mar-21 | 1251.35 | 1760.91 | 143.21 | 495.47 | 474.9 |
| 31-Mar-22 | 1467.22 | 3173.54 | 258.99 | 754.24 | 733.86 |
| Amount in ₹ Lakhs | |||||