C2C Advanced Systems IPO
Open SmeCurrent GMP
₹195 (+86.28%)
Price Band
₹ 214 – 226
Lot Size
600
Issue Size
₹99.07 Cr
Minimum Investment
₹271200 (1200 Shares)
Listing Date
29 November 2024
Subscription
125.43x
About the Company
C2C Advanced Systems Limited is an Indian defense technology company focused on delivering cutting-edge solutions for the defense, security, and aerospace sectors. The company was incorporated in 2018 and, after rebranding in 2023, has emerged as a leading player in the indigenously developed defense products market. The company's core strengths lie in its vertical integration, providing software, hardware, and firmware solutions for complex mission-critical systems.
Key Areas of Expertise:
- Intelligent Platforms: C2C specializes in developing intelligent systems for the military, leveraging advanced technologies such as AI/ML, big data analytics, and system integration for improved situational awareness and command and control.
- Combat Management Systems (CMS): A significant achievement includes the successful deployment of its CMS for the Royal Malaysian Navy, showcasing its capabilities in developing advanced defense systems.
- Digital Transformation and Industry 4.0: C2C also focuses on civilian applications, particularly in Industry 4.0, by utilizing sensors, real-time data analytics, and AI/ML technologies for logistics, maintenance, and supply chain management.
- System Integration: The company has strong capabilities in system architecture, design, integration, and testing across a broad range of defense platforms, including air, land, sea, and autonomous systems.
Business Model and Approach:
C2C does not manufacture traditional hardware components but focuses on software, system integration, and data analytics to enhance the performance and operational effectiveness of defense platforms. Their solutions cater to both defense and civilian sectors, particularly leveraging dual-use technologies that can be applied to military and industrial applications.
Core Competencies:
- AI/ML and Big Data Analytics: Advanced data-driven solutions for defense and security applications, as well as industrial operations.
- Legacy System Upgrades: Expertise in retrofitting and modernizing legacy military systems to meet current warfare requirements.
- Design and Engineering: In-house capabilities for hardware and software design, prototyping, testing, and validation.
- Mission-Critical Systems: Specialized in developing systems that support critical decision-making, situational awareness, and resource allocation for military leadership.
Promoters
- C2C Innovations Private Limited
- PVR Multimedia Private Limited
- Lakshmi Chandra
- Maya Chandra
- Subrahmanya Srinivasa Narendra Lanka
- Kuriyedath Ramesh
- Murtaza Ali Soomar
Promoters Holding
Holding Pre Issue
56.52%
Holding Post Issue
0.00%
Objects of the Issue
The company intends to utilize the proceeds of the net issue in the following manner:
- Funding of capital expenditure towards the purchase of fixed assets (both hardware and software) for its existing operations (the upgradation of the existing Experience Centre and set up of Training Centre at Bengaluru) and the proposed set up of Experience Centre at Dubai.
- Towards fit-outs at the new premises at both Bengaluru and Dubai.
- Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
- To fund the working capital requirements of the Company.
- To fund expenditure towards general corporate purposes.
Address / Contact Info
C2C Advanced Systems Limited
No.86, Wings of Eagles, SS Commercial
Estate, Varthur Road, Nagavarapalya Main
Road, C V Raman Nagar,
Bengaluru– 560093 Karnataka
Phone: +91 80 4372 4052
Email: compliance@c2c-as.com
Website: http://www.c2c-as.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 22 November 2024
IPO Close Date
Tuesday, 26 November 2024
Basis of Allotment
Wednesday, 27 November 2024
Initiation of Refunds
Thursday, 28 November 2024
Credit of Shares to Demat
Thursday, 28 November 2024
Listing Date
Friday, 29 November 2024 — NSE & BSE
Important Dates
Open Date
22 November 2024
Close Date
26 November 2024
Basis Of Allotment
27 November 2024
Listing Date
29 November 2024
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 11058.01 | 8583.51 | 1849.78 | 903.18 |
| Revenue | 4324.97 | 4129.82 | 806.73 | 34.79 |
| Profit After Tax | 972.99 | 1227.69 | 287.52 | -238.21 |
| Net Worth | 8618.72 | 7645.73 | 252.14 | -136.57 |
| Reserve & Surplus | 0 | 6864.52 | 96.69 | 0 |
| Total Borrowings | 1329.02 | 0 | 944.74 | 554.77 |
EPS Pre
10.02%
EPS Post
11.69%
P/E Pre
22.56
P/E (Post Issue)
19.33x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of September 30, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0.15 |
| RoNW % | 11.29 |
| PbW | 3.62 |
| Pat Margin % | 22.51 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 219600 | 0 | 0 |
| Anchor Investors | 1249200 | 0 | 0 |
| Qualified Institutions | 832800 | 0 | 0 |
| Non-Institutional | 624600 | 0 | 0 |
| Retail Investors | 1457400 | 0 | 0 |
| Total | 4383600 | 0 | 0 |
Subscription Status ( Tue, 26 Nov 24 01:27 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 832800 | 26325000 | 31.61x |
| Non-Institutional | 624600 | 145830600 | 233.48x |
| Retail Investors | 1457400 | 193444800 | 132.73x |
| Total | 2914800 | 365600400 | 125.43x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 135,600.00 |
| Retail (Max) | 1 | 600 | 135,600.00 |
| S-HNI (Min) | 2 | 1,200 | 271,200.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Mark Corporate Advisors Private Limited
- Beeline Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
C2C Advanced Systems IPO is a Book-building IPO worth ₹99.07 crores. The price band is ₹214 to 226 per share. The IPO opens on Fri, Nov 22, 2024 and closes on Tue, Nov 26, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The C2C Advanced Systems IPO opens on Fri, Nov 22, 2024 and closes on Tue, Nov 26, 2024
C2C Advanced Systems IPO Price Band is ₹214 to 226.
C2C Advanced Systems IPO lot size is 600, and the minimum amount required for application is ₹271200.
The minimum investment for C2C Advanced Systems IPO is approximately ₹271200 based on the upper price band.
To apply for the C2C Advanced Systems IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Nov 26, 2024. After submission, funds are blocked until the basis of allotment of C2C Advanced Systems IPO is finalised.
C2C Advanced Systems IPO issue size is ₹99.07 crores.
C2C Advanced Systems IPO allotment date is Sat, Jun 27, 2026.
The registrar for C2C Advanced Systems IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to C2C Advanced Systems IPO through their official website or helpline.
The C2C Advanced Systems IPO GMP (Grey Market Premium) is ₹195 as of Fri, Nov 29, 2024. Based on the upper price band of ₹226 per share, the estimated C2C Advanced Systems IPO listing price is ₹421, indicating a potential listing gain of approximately 31% over the issue price.