Concord Control Systems Limited IPO
i. Concord Control is engaged in the business of manufacturing and supply of coach related and electrification products for Indian Railways and other Railway Contractors. They manufacture 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 electrification of coaches and broad gauge network of Indian Railways like: Battery Charger 200 AH, Battery Charger 40 AH, Tensile Testing Machine. The comapany is approved vendor by Research Design and Standards Organisation (“RDSO”) to manufacture and supply these products for the Indian Railways.
ii. The company started its operations in the year 2011 when it got approval to manufacture and supply battery charger in traction system of railway electrification. The company further expanded its business in manufacturing products fitted in coaches of Indian Railways in the year 2013 and got approved for Emergency Light Unit which is one of the most critical items of rolling stock application in coaches of Indian Railways for passenger safety. Emergency Light Unit switches on automatically in case of power failure or in case of accidents. Thereafter in the year 2014 they successfully received RDSO approval for manufacturing and supply of Tensile Load Testing Machine for Porcelain & Composite Insulators before installation electrical lines. Eventually the company got approval to Supply Brushless Dc Carriage Fans to Indian railways when it changed its technology of fans from normal DC to Brushless DC. Over the years the company has successfully developed and is supplying a wide range of products.
iii. Currently they have two manufacturing units situated at Lucknow, Uttar Pradesh with total size admeasuring to over 1880 sq. mtrs. Both unit has a well-equipped laboratory, modern technology and testing equipments to ensure that the products confirm with the predetermined standards. The Company has a research and development team dedicated towards developing new products or improving existing products.
Objects of the Concord Control Systems Limited IPO:
Concord Control Systems Limited IPO Details:
|Open Date:||Sep 27 2022|
|Close Date:||Sep 29 2022|
|Issue Type:||Book Built Issue|
|Issue Size:||8.32 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 53-55 Per Equity Share|
Promoters And Management:
Financials of Concord Control Systems Limited IPO:
|Particulars (in crores)||Mar-22||Mar-21||Mar-20|
|Revenue from operations||31||17.00||15.00|
|Cost of Operations||23.00||11.00||10.00|
|Change in inventories||-3||-0.2||-0.1|
|Employee Benifit Expense||2||1||1|
|Profit (Loss) before tax||3||1||1|
|Profit (Loss) for the period||2||1||1|