The C2C Advanced Systems IPO was heavily subscribed on its first day of subscription, with the overall subscription standing at 26.84x as of 5:00 PM on November 22. The Qualified Institutional Buyers (QIB) segment saw a subscription of 0.53x, while the Non-Institutional Investors (NII) subscribed 26.48x, and the Retail Individual Investors (RII) subscribed 41.81x.
C2C Advanced Systems IPO Details
The C2C Advanced Systems IPO opened for subscription on Friday, November 22, and will close on November 26, 2024, as per the scheduled timeline. The price band for the IPO is set between ₹214 and ₹226 per share, with a face value of ₹10.
C2C Advanced Systems IPO Subscription Status
As of the first day, the company received bids for 7,80,68,400 shares, against an offer of 29,14,800 shares. The subscription details are as follows:
- QIB Subscription: 0.53x
- NII Subscription: 26.48x
- RII Subscription: 41.81x
About C2C Advanced Systems
C2C Advanced Systems is a prominent player in India’s cutting-edge technology sector, specializing in systems for the defense, security, and aerospace industries. The company has a competitive technological edge, offering superior margins and globally competitive products. C2C Advanced Systems focuses on “Intelligent Platforms” and is expanding into “Digital Transformation” with a focus on sensors for applications in Industry 4.0 and transportation. Their successful implementation of the Combat Management System (CMS) for the Royal Malaysian Navy highlights their capabilities in highly competitive markets.
C2C Advanced Systems Financials
The company reported a significant revenue increase, posting ₹41.06 crore in 2024, up from ₹8.07 crore in 2023. The profit also rose sharply, with ₹12.28 crore in 2024 compared to ₹2.88 crore in the previous year.
C2C Advanced Systems IPO Grey Market Premium (GMP)
As of November 22, the C2C Advanced Systems IPO has a Grey Market Premium (GMP) of ₹200, indicating that the stock is trading at ₹426 in the grey market, a premium over the issue price of ₹226.
