C2C Advanced Systems IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Subscription Status
C2C Advanced Systems is launching a book-built IPO valued at ₹99.07 crores, consisting entirely of a fresh issue of 43.84 lakh shares.
The IPO opened for subscription on November 22, 2024, and will close on November 26, 2024. Allotments are expected to be finalized by Wednesday, November 27, 2024. The IPO is scheduled to list on the NSE SME platform with a tentative listing date of Friday, November 29, 2024.
The price band for the C2C Advanced Systems IPO is set between ₹214 and ₹226 per share. Retail investors can apply for a minimum lot size of 600 shares, requiring an investment of ₹135,600. For High Net-Worth Individuals (HNIs), the minimum lot size is 1,200 shares (2 lots), with a total investment of ₹271,200.
C2C Advanced Systems IPO Details
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | – |
| Face Value | ₹10 per share |
| Price Band | ₹214 to ₹226 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 4,383,600 shares (aggregating up to ₹99.07 Cr) |
| Fresh Issue | 4,383,600 shares (aggregating up to ₹99.07 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,257,568 |
| Share holding post issue | 16,641,168 |
| Market Maker portion | 219,600 shares |
C2C Advanced Systems IPO Date
C2C Advanced Systems IPO opens on November 22, 2024, and closes on November 26, 2024.
| IPO Open Date | Friday, November 22, 2024 |
| IPO Close Date | Tuesday, November 26, 2024 |
| Basis of Allotment | Wednesday, November 27, 2024 |
| Initiation of Refunds | Thursday, November 28, 2024 |
| Credit of Shares to Demat | Thursday, November 28, 2024 |
| Listing Date | Friday, November 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2024 |
C2C Advanced Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,600 |
| Retail (Max) | 1 | 600 | ₹135,600 |
| HNI (Min) | 2 | 1,200 | ₹271,200 |
| Lot Size Calculator | |||
C2C Advanced Systems IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 12,49,200 (28.5%) |
| Market Maker Shares Offered | 2,19,600 (5.01%) |
| QIB Shares Offered | 8,32,800 (19%) |
| NII (HNI) Shares Offered | 6,24,600 (14.25%) |
| Retail Shares Offered | 14,57,400 (33.25%) |
| Total Shares Offered | 43,83,600 (100%) |
About C2C Advanced Systems Limited
Founded in 2018, C2C Advanced Systems Limited is a defense electronics provider specializing in C4I systems, AI/ML-based analytics, and embedded/FPGA designs. The company offers products like Combat Management Systems, Anti-Drone Systems, and Air Defence Subsystems, focusing on digital transformation through services like Virtual Supply Chain, Logistics, and Maintenance. C2C benefits from government initiatives like “Atmanirbhar Bharat” and “Make in India” and has a strong R&D focus. As of October 2024, the company employs 190 people.
C2C Advanced Systems Limited Financial Information – Net Profit (Amount in Lakh)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11,058.01 | 8,583.51 | 1,849.78 | 903.18 |
| Revenue | 4,324.97 | 4,129.82 | 806.73 | 34.79 |
| Profit After Tax | 972.99 | 1,227.69 | 287.52 | -238.21 |
| Net Worth | 8,618.72 | 7,645.73 | 252.14 | -136.57 |
| Reserves and Surplus | 6,864.52 | 96.69 | ||
| Total Borrowing | 1,329.02 | 944.74 | 554.77 |
KPI as of September 30, 2024
| KPI | Values |
|---|---|
| Debt/Equity | 0.15 |
| RoNW | 11.29% |
| P/BV | 3.62 |
| PAT Margin (%) | 22.51 |
