C2C Advanced Systems is set to launch an IPO worth Rs 99.07 crores as a book-built issue, consisting entirely of a fresh issue of 43.84 lakh shares.
The IPO opens for subscription on November 22, 2024, and closes on November 26, 2024. The allotment of shares is expected to be finalized on Wednesday, November 27, 2024. The company plans to list its shares on the NSE SME platform, with the tentative listing date scheduled for Friday, November 29, 2024. The dates have changed after SEBI’s directive for audit. Please refer table below for updated dates.
C2C Advanced Systems operates in the defence electronics solutions sector. They specialize in developing complex systems for the defence, homeland security, and aerospace sectors. Their offerings include hardware, software, and firmware design, as well as mechanical engineering, product prototyping, and functional testing.
The price band for the IPO is set between ₹214 and ₹226 per share, with a minimum application lot size of 600 shares. Retail investors are required to invest a minimum of ₹135,600. HNI investors must invest in at least 2 lots (1,200 shares), amounting to ₹271,200.
Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd are the book-running lead managers for the C2C Advanced Systems IPO. Link Intime India Private Ltd serves as the registrar, while Spread X Securities is the market maker for the issue.
C2C Advanced Systems IPO Details:
| Company Name | C2C Advanced Systems Limited |
| Sector | Defense Electronics Solutions |
| IPO Type | SME |
| IPO Open date | 22nd Nov 2024 |
| IPO Close date | 26th Nov 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
C2C Advanced Systems IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 600 | 1,35,600 |
| HNI (Min) | 2 | 1200 | 2,71,200 |
C2C Advanced Systems IPO Timeline:
| IPO Open Date | 22nd Nov 2024 |
| IPO Close Date | 26th Nov 2024 |
| Basis of Allotment | 29th Nov 2024 |
| Refund Initiation Date | 29th Nov 2024 |
| Shares Credit to Demat | 29th Nov 2024 |
| Listing Date | 02nd Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review C2C Advanced Systems’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Defense Electronics Solutions Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in C2C Advanced Systems and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
