Concord Control Systems Ltd - IPO

Concord Control Systems Ltd IPO Details

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.

Objective of issue

To meet working capital requirements. General corporate purposes.

Concord Control Systems Ltd Contact Details

Concord Control Systems Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@concordgroup.in

Website - www.concordgroup.in