C2C Advanced Systems IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 22 Nov 2024
Close Date
Tue, 26 Nov 2024
Price Band
₹ 214 – 226
Lot Size
600
Issue Size
₹ 99.07 Cr
Minimum Investment
₹ 271,200 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
C2C Advanced Systems IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹99.07 Crore, comprising a fresh issue of 43.84 Lakh equity shares aggregating to ₹99.07 Crore.
The C2C Advanced Systems IPO remained open for subscription from November 22, 2024, to November 26, 2024. The basis of allotment was finalized on November 27, 2024, and the company's shares were listed on NSE SME Platform on November 29, 2024.
The company had fixed the price band at ₹214 to ₹226 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹271,200 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Mark Corporate Advisors Private Limited, and Beeline Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, C2C Advanced Systems Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
C2C Advanced Systems IPO Timeline (Tentative)
- IPO Open Date
- Fri, 22 Nov 24
- IPO Close Date
- Tue, 26 Nov 24
- Basis of Allotment
- Wed, 27 Nov 24
- Initiation of Refunds
- Thu, 28 Nov 24
- Credit of Shares to Demat
- Thu, 28 Nov 24
- Listing Date
- Fri, 29 Nov 24 — NSE & BSE
Open Date
22 November 2024
Close Date
26 November 2024
Basis Of Allotment
27 November 2024
Listing Date
29 November 2024
IPO Subscription
Check Live Subscription →The C2C Advanced Systems IPO has received bids for 36,56,00,400 shares against 29,14,800 shares offered, resulting in an overall subscription of 125.43x. the NII category is subscribed 233.48x, Retail Investors 132.73x, and QIBs 31.61x.
QIB
31.61x
NII
233.48x
RII
132.73x
Total
125.43x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 14,57,400 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,32,800 shares (0%), while Non-Institutional Investors (NIIs) receive 6,24,600 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 219,600 | 0% |
| Anchor Investors | 1,249,200 | 0% |
| Qualified Institutions | 832,800 | 0% |
| Non-Institutional | 624,600 | 0% |
| Retail Investors | 1,457,400 | 0% |
| Total | 4,383,600 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
C2C Advanced Systems Limited KPI Information
| Particular | KPI as of September 30, 2024. |
|---|---|
| Debt / Equity | 0.15 |
| RoNW % | 11.29 |
| PbW | 3.62 |
| Pat Margin % | 22.51 |
Peers Comparison
No Peer Comparision Available
About C2C Advanced Systems Limited
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.
C2C Advanced Systems IPO 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%
C2C Advanced Systems IPO Objective
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.
C2C Advanced Systems Limited Address / Contact Details
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
C2C Advanced Systems IPO Lot Size
The C2C Advanced Systems IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹1,35,600 by applying for 1 lot (600 shares). The maximum application allowed for the retail category is 1 lots (600 shares), requiring an investment of ₹1,35,600.
| 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 |
Issue Reservation
Book Running Lead Managers
- Mark Corporate Advisors Private Limited
- Beeline Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the C2C Advanced Systems IPO?
C2C Advanced Systems IPO is a Book-building IPO with a total issue size of ₹99.07 crore. The C2C Advanced Systems IPO price band is ₹214 to 226 per share. The C2C Advanced Systems IPO subscription opens on Fri, Nov 22, 2024, and closes on Tue, Nov 26, 2024. The C2C Advanced Systems IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the C2C Advanced Systems IPO.
When will the C2C Advanced Systems IPO open for subscription?
The C2C Advanced Systems IPO opens on Fri, Nov 22, 2024 and closes on Tue, Nov 26, 2024
What is C2C Advanced Systems IPO Price Band?
C2C Advanced Systems IPO Price Band is ₹214 to 226 per share.
What is C2C Advanced Systems IPO Lot Size?
C2C Advanced Systems IPO lot size is 600 shares, Retail investors need a minimum investment of ₹271200 based on the upper price band
What is the minimum investment for C2C Advanced Systems IPO?
The minimum investment for C2C Advanced Systems IPO is ₹271200, based on one lot of 600 shares at the upper price band of ₹226 per share.
How to apply for C2C Advanced Systems IPO?
Investors can apply for the C2C Advanced Systems IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Nov 26, 2024. The application amount remains blocked until the C2C Advanced Systems IPO allotment is finalized.
What is C2C Advanced Systems IPO Issue Size?
C2C Advanced Systems IPO issue size is ₹99.07 crores.
What is the C2C Advanced Systems IPO Allotment Date?
C2C Advanced Systems IPO allotment date is Wed, Nov 27, 2024.
Who is the C2C Advanced Systems IPO Registrar?
The registrar for C2C Advanced Systems IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check C2C Advanced Systems IPO allotment status, refund processing, and other IPO-related information.
What is the C2C Advanced Systems IPO GMP?
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 86.28% over the issue price.
Who is the C2C Advanced Systems IPO Lead Manager?
The book-running lead managers (BRLMs) for the C2C Advanced Systems IPO are Mark Corporate Advisors Private Limited , and Beeline Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the C2C Advanced Systems IPO Red Herring Prospectus (RHP).