Concord Control Systems and Cargotrans Maritime IPO receive stellar investor response

 Both issues subscribe 262 and 140 times respectively

Concord Control Systems public issue of 15.12 lakh equity shares at a price band of Rs 53 -55 per share, received a whopping investor response for its SME IPO that was available for subscription at BSE SME from 27 to 30 September 2022. The issue was subscribed 262 time attracting over Rs 1600 crore for its 8.32 Crore IPO.  

 

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, and Tensile Testing Machine.

Cargotrans Maritime Limited IPO

Incorporated in 2012, Cargotrans Maritime Limited, an international logistics solutions provider, IPO was subscribed 140 times attracting worth Rs 680 crore for its public issue of 10.80 lakh equity shares of the face value of ₹10 aggregating up to ₹4.86 Crores. The issue was priced at ₹45 per share with the minimum order quantity of 3000 Shares. The IPO that closed on Sep 29, 2022, will to be listed on BSE SME.

 

Event	Date
Cargotrans Maritime IPO Opening Date	Sep 27, 2022
Cargotrans Maritime IPO Closing Date	Sep 29, 2022
Basis of Allotment	Oct 4, 2022
Initiation of Refunds	Oct 6, 2022
Credit of Shares to Demat	Oct 7, 2022
Cargotrans Maritime IPO Listing Date	Oct 10, 2022

 

The company's core business is providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, customs clearance, warehousing and other value-added services to clients.

The company operates at 4 seaports in Gujarat i.e., Mundra, Hazira, Kandla and Pipavav. Currently, Cargotrans Maritime operates a fleet of 9 owned commercial trailers for moving containers and apart from this company also hires third-party transport operators to meet the shipping demand of the customers. Cargotrans Maritime Limited offers the following services: Ocean Freight Forwarding, Custom Clearance, Warehousing Services and Transportation Services.

Lead Manager to both issues, Prateek Jain and Gaurav Jain, Directors at Hem Securities Ltd said “We were confident of good investor response for these IPOs as the investor sentiments remain positive for the SME primary market.  The valuations are right, and these Companies have shown strong growth in financials and bottom-line.”

Hem Securities Ltd, is also the lead manager to Lloyds Luxuries, Cargosol Logistics, Silicon Rental Solutions and Vedant Asset.

 

Cargosol Logistics Limited IPO

The SME issue of 2,700,000 equity shares of the face value of ₹10 aggregating up to ₹7.56 Crores is available for subscription from 28 to 30 September. Investors can bid for a minimum of 3,000 shares at an issue price of Rs 45.  Hem Securities is the lead manager for the issue, which will list on BSE

 

Incorporated in 2003, Cargosol Logistics Limited is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain involving multimodal transport operations (MTO), owning and operating container, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo. The company also provides warehousing facilities to the customers and the warehouses are well connected to several manufacturing and consumption clusters located in Thane, Maharashtra.

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LLoyds Luxuries IPO

​The Rs 22.88-crore issue of LLoyds Luxuries that opened for subscription on September 28 will close on 30 September 2022.  Investors can make an application for a minimum share lot of 3,000 equity shares at an issue price of Rs 40. The shares of the company shall list on NSE Emerge.

 

Company Background

Established in 2013, Lloyds Luxuries Limited is among the organized player of salon services and beauty products in India, focused on grooming men to perfection. The company owns the exclusive franchisee of Truefitt & Hill, which is an international brand offering a wide range of beauty products and salon services for men through luxury barbershops operating across many countries.

 

As of March 31, 2022, Lloyds Luxuries Limited operates 14 barber stores under the brand Truefitt & Hill across 7 cities in India. The Company holds the Master Franchise Agreement of "Truefitt & Hill" up to 2043. The company owns exclusive rights to open stores under the brand name of "Truefitt & Hill" either directly or through sub-franchisee arrangements in India, Nepal, Sri Lanka, Bhutan, Vietnam, Myanmar and Bangladesh. As of March 31, 2022.

 

In addition, the company has obtained an exclusive franchise for MARY COHR in 2019 for 10 years, a French Beauty Salon which has a presence across the Globe

 

Silicon Rental Solutions IPO

​The Rs 20.09-crore issue of Silicon Rental Solutions that opened for subscription on September 28 will close on 30 September 2022. Investors can make an application for a minimum share lot of 1,600 equity shares at an issue price of Rs 78. The shares of the company shall list on BSE

Incorporated in 2016, Silicon Rentals Solutions Limited is an IT equipment outsourcing company, engaged in providing end-to-end IT equipment on a rental and returnable basis in India. The company provides laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices, etc., mainly to small, medium and large corporate.

 

The company supports enterprises by providing them with the required IT products and equipment of major brands for a short period ranging from 1 day to a longer period up to 36 months based on the customer requirements.

 

The company provides IT renting services to the client base present in almost 16 states and 3 Union Territories across India. Silicon Rentals Solutions also has a trained and dedicated team of engineers who are capable of providing the support and maintenance of the hired equipment.

 

The company has a registered office located in Mumbai and Branch offices in Pune, New Delhi and Kolkata.

Vedant Asset Limited IPO

Vedant Asset IPO is a SME IPO of 750,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 equity shares

 

The Vedant Asset IPO will open 30 September and close on 4^th October 2022.

 

The shares are proposed to be listed on BSE SME.

Incorporated in 2015, Vedant Asset Limited is engaged in the business as a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB) and Madhya Pradesh Gramin Bank (MPGB) and as Mutual Funds Distribution through a partner base of more than 350 Vedant Mitra partners working in various rural and semi-urban locations and handling more than 100 crores of assets under our Mutual fund distribution business.