Business Business: The share price of a small company, Concorde Control Systems Limited, has skyrocketed. The share price of Concorde Control Systems has increased from Rs 55 to Rs 1,800 in the last two years. The company’s IPO took place on September 27, 2022 and was open to the public till September 29. The share price of the company at the time of IPO was Rs 55. Concorde Control Systems shares closed at Rs 1,886 on October 4, 2024. The share price of this company has increased by 3330% compared to the issue price of Rs 55.
The share price of Concorde Control Systems Limited has increased by more than 175% in the last six months. The share price of this company was Rs 684 on April 4, 2024. Concorde Control Systems shares closed at Rs 1,886 on October 4, 2024. Concord Control Systems shares are up 115% so far this year. The highest share price of the company in the last 52 weeks was Rs 2062.05. At the same time, the lowest price of the company in the last 52 weeks is Rs 538.
The share price of Concord Control Systems Limited has increased by 215% in the last year. On October 4, 2023, the share price of the company was Rs 598. On October 4, 2024, the share price of this company reached Rs 1886. On October 10, 2022, the company’s shares were trading at Rs 109.95 with a premium of almost 100%. On the day of launch, the company’s shares closed at Rs 115.40.
Concord Control Systems Limited was founded in 2011. The company manufactures and supplies passenger car related products and electrical equipment for Indian Railways and other railway companies. This company manufactures products required for railway passenger cars. The company manufactures products such as emergency lighting, brushless DC cart fans, cable covers and exhaust fans. A total of 202.41 applications were received for the company’s IPO. The quota of retail investors for this company’s IPO was recorded 424.26 times more than the prescribed limit. At the same time, the share of non-institutional investors was recorded 307.40 times.
