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Concord Control Systems Ltd IPO Details on Libord Brokerage

Concord Control Systems Ltd IPO Details on Libord Brokerage

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Category : ipo news

Concord Control Systems Ltd. Details:

Concord Control Systems Ltdhas announced public offering of 1512000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 831.60 lakhs..

The company's initial public offer (IPO) will open on 27 September 2022 and is expected to close on 29 September 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 53.00-55.00 per share.

The IPO includes a fresh Issue of 1512000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Concord Control Systems Ltd. anticipates using the proceeds of the issue for

To meet working capital requirements

General Corporate Purpose

To meet issue expenses.

Hem Securities Ltd as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.

If the Concord Control Systems Ltd. is something that you’re looking to invest in come 27 September 2022, it would be a good idea to start the demat account opening process right away.

Apply online IPO or Contact Libord Broking now to open demat account online within minutes, and install the LibordEasy app from google play store.

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