C2C Advanced Systems IPO Detail: Open Date, Close Date, GMP, Price Band

C2C Advanced Systems IPO subscription opens on Friday, November 22, 2024, and closes on Tuesday, November 26, 2024. It is a book-built issue of worth up to Rs 99.07 crores of equity shares. This upcoming IPO is an entirely fresh issue of 43.83 lakh equity shares.

C2C Advanced Systems IPO Price Band

C2C Advanced Systems IPO price band is Rs 214 to Rs 226 per share. The minimum investment required for retail investors is Rs 1,35,600 (226 x 600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,71,200 (226 x 1,200 shares).

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C2C Advanced Systems IPO GMP

Currently, C2C Advanced Systems IPO GMP (grey market premium) is at Rs 200. It is expected that the listing price will be near Rs 426. However, if the subscription is oversubscribed, then C2C Advanced Systems IPO GMP may go up.

C2C Advanced Systems Allotment Status

C2C Advanced Systems IPO Allotment status will be available on its registrar Link Intime India Private Limited website on Wednesday, November 27, 2024, once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

C2C Advanced Systems Listing Date

C2C Advanced Systems IPO listing date is decided on November 29, 2024. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

C2C Advanced Systems IPO: Listing Date, Lot Size, Issue Size, Price Band

C2C Advanced Systems IPO: About the Company

C2C Advanced Systems Limited, incorporated in 2018 (previously C2C – DB Systems Private Limited), is a leading defence electronics solutions provider in India, focusing on indigenously developed defence products. Specializing in C4I systems, AI/ML-driven big data analytics, IIOT enterprise integration, and embedded/FPGA designs, the company supports the defence sector with advanced situational awareness and decision support tools.

C2C Advanced Systems' business model emphasizes four primary services: Virtual Supply Chain for actionable sensor data, Virtual Logistics with ruggedized COTS components, Virtual Maintenance for real-time data integration, and AI/ML applications in all product lines. Key offerings include Combat Management Systems, C4I Systems, Anti-Drone Command Systems, Air Defence Subsystems, and Integrated Management Systems.

C2C Advanced Systems IPO Objectives

The company plans to utilize the Net Proceeds from the issue to fund capital expenditure for purchasing fixed assets, including hardware and software, for its existing operations, which involve upgrading the current Experience Centre and setting up a new Training Centre in Bengaluru, as well as establishing an Experience Centre in Dubai. The funds will also be used for fit-outs at the new premises in both Bengaluru and Dubai, to cover the security deposit for the new Bengaluru premises, to meet working capital requirements, and for general corporate purposes.

C2C Advanced Systems IPO: Key Dates, Allotment, Listing Date

C2C Advanced Systems IPO Subscription Details, IPO Reservation

C2C Advanced Systems IPO subscription reservations are as follows: Not less than 35% of the net offer is reserved for the retail category, not more than 50% of the net offer is reserved for Qualified Intuitional Buyers, and not less than 15% of the net offer is reserved for the HNI category.

C2C Advanced Systems IPO Lot Size Details

C2C Advanced Systems IPO lot size is set at 600 shares per lot. The minimum investment required for retail investors is Rs 1,35,600 (226 x 600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,71,200 (226 x 1200 shares).

C2C Advanced Systems IPO Promoter Holdings

C2C Advanced Systems IPO promoters are C2C Innovations Private Limited, PVR Multimedia Private Limited, Lakshmi Chandra, Maya Chandra, Subrahmanya Srinivasa Narendra Lanka, Kuriyedath Ramesh and Murtaza Ali Soomar. The promoter's combined shareholdings before the IPO was 56.52%; however, post-IPO their shareholdings will decline.

C2C Advanced Systems Limited Company Financials (Amt in Lakhs)

Lead manager and Registrar of C2C Advanced Systems IPO

The IPO is managed by Mark Corporate Advisors Private Limited and Beeline Capital Advisors Private Limited, which is the book-running lead manager for this public issue. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

How to apply to C2C Advanced Systems IPO

Interested investors who want to apply to the C2C Advanced Systems IPO can directly apply from the Bigul trading app, or you can apply here. You can also check the details of other upcoming IPO on the Bigul platform.

C2C Advanced Systems IPO FAQs

1. What are the core details available of the C2C Advanced Systems IPO?

C2C Advanced Systems IPO is a book-built issue worth up to Rs 99.07 crores. This upcoming IPO is an entirely fresh issue of 43.83 lakh equity shares.

2. What is the C2C Advanced Systems IPO open date and close date?

C2C Advanced Systems IPO subscription opens on Friday, November 22, 2024, and closes on Tuesday, November 26, 2024.

3. What is C2C Advanced Systems IPO GMP?

Currently, C2C Advanced Systems IPO GMP (grey market premium) is at Rs 200. It is expected that the listing price will be near Rs 426. However, if the subscription is oversubscribed, then C2C Advanced Systems IPO GMP may go up.

4. How do you check the IPO Allotment status?

C2C Advanced Systems IPO Allotment details are available on its registrar Link Intime India Private Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who is the registrar and lead managers for C2C Advanced Systems IPO?

The IPO is managed by Mark Corporate Advisors Private Limited and Beeline Capital Advisors Private Limited, which is the book-running lead manager for this public issue. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?