C2C Advanced Systems Limited...
16 Nov 2024
C2C Advanced Systems Limited IPO, GMP, Details, Price, And Review
C2C Advanced Systems Limited, formerly known as C2C – DB Systems Private Limited, was founded in 2018 and is a vertically integrated provider of defense electronics solutions. The company specializes in delivering indigenously developed defense products in India.
C2C Advanced Systems' expertise lies in C4I systems for enhanced situational awareness and decision support, AI/ML-based big data analytics, enterprise integration of real-time data from IIoT (Industrial Internet of Things), and embedded/FPGA design solutions.
The company's business model for digital transformation revolves around four key service areas:
C2C Advanced Systems IPO Overview:
- ● Total Issue Size: ₹99.07 crores
- ○ Fresh Issue: 43.84 lakh shares
- ● Price Per Share: ₹214 to ₹226 per share
- ● Minimum Lot Size: 600 shares
- ● Issue Opening Date: November 22, 2024
- ● Issue Closing Date: November 26, 2024
- ● Book Running Lead Managers: Mark Corporate Advisors Private Limited & Beeline Capital Advisors Pvt Ltd
- ● Registrar: Link Intime India Private Ltd
- ● Market Maker: Spread X Securities
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
C2C Advanced Systems Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 226 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
C2C Advanced Systems Limited IPO Overview
| Detail | Description |
|---|---|
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 |
| Shareholding pre issue | 12,257,568 |
| Shareholding post issue | 16,641,168 |
| Market Maker portion | 219,600 shares Spread X Securities |
C2C Advanced Systems Limited IPO (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
C2C Advanced Systems IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
C2C Advanced Systems IPO Promoter Holding
| Share Holding Pre Issue | 56.52% |
| Share Holding Post Issue | - |
C2C Advanced Systems IPO Anchor Investors Details
| Bid Date | November 21, 2024 |
| Shares Offered | 1,249,200 |
| Anchor Portion Size (In Cr.) | 28.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 25, 2025 |
Competitive Strength:
- ● A broad range of products and solutions for defense applications.
- ● Strong R&D capabilities with a focus on innovation.
- ● Experienced management team.
- ● Strong relationships with a diverse and global customer base.
- ● Well positioned to benefit from the government initiatives “Atma Nirbhar Bharat” and "Make in India".
C2C Advanced Systems Limited Financial Information
| 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 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 0.15 |
| RoNW | 11.29% |
| P/BV | 3.62 |
| PAT Margin (%) | 22.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.02 | 11.69 |
| P/E (x) | 22.56 | 19.33 |
C2C Advanced Systems IPO Objectives :-
-
The company intends to utilize the proceeds of the net issue in the following manner:
- 1. 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.
- 2. Towards fit-outs at the new premises at both Bengaluru and Dubai.
- 3. Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
- 4. To fund the working capital requirements of the Company.
- 5. To fund expenditure towards general corporate purposes
C2C Advanced Systems IPO FAQs
-
What is the C2C Advanced Systems IPO?
C2C Advanced Systems IPO is a SME IPO. The company is going to raise ₹99.07 Crores via IPO. The issue is priced at ₹214 to ₹226 per equity share. The IPO is to be listed on NSE.
-
When will the C2C Advanced Systems IPO open for subscription?
The IPO is to open on November 22, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 26, 2024.
-
What is C2C Advanced Systems IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is C2C Advanced Systems Issue Size?
C2C Advanced Systems issue size is ₹99.07 crores.
-
What is C2C Advanced Systems IPO Price Band?
C2C Advanced Systems IPO Price Band is ₹214 to ₹226.
-
What is C2C Advanced Systems IPO Lot Size?
The minimum bid is 600 Shares with ₹135,600 amount.
-
What is the C2C Advanced Systems IPO Allotment Date?
C2C Advanced Systems IPO allotment date is November 27, 2024.
-
What is the C2C Advanced Systems IPO Listing Date?
C2C Advanced Systems IPO listing date is November 29, 2024 . The IPO is to be listed on NSE.
-
What is the C2C Advanced System’s current GMP?
The current GMP of the C2C Advanced Systems is ---.
RHP:
RHP of C2C Advanced Systems Limited IPO
DRHP:
DRHP of C2C Advanced Systems Limited IPO
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