Mumbai: C2C Advanced Systems IPO, a book built issue of Rs 99.07 crore, will open for subscription on November 22, 2024 and end on 26th November. The initial public offer is creating a huge buzz in the grey market as its GMP is already hovering around 97 per cent. C2C Advanced Systems IPO raised Rs 28.23 crore from anchor investors.
C2C Advanced Systems IPO price band is set in the range of Rs 214 to Rs 226 per equity share. The investors who are planning to bid for the IPO will have to apply for a minimum lot size of 600 shares. The retail investors are required to bid for a single lot with a minimum amount of investment of Rs 135,600. The HNI category applicants are mandated to bid for 2 lots, amounting to Rs 271,200.
C2C Advanced Systems IPO GMP, allotment date
The shares of C2C Advanced Systems IPO are predicted to make a Bumper listing on NSE SME. Investorgain reported that the C2C Advanced Systems IPO GMP stood at Rs 220 on November 15 morning. With the price band Rs 226, the stock is expected to be listed with gains of over 97 per cent at Rs 446 apiece. Imprtant note: GMP is not an official figure.
C2C Advanced Systems IPO allotment expected on November 27, 2024.
The process to initiate refunds is likely to take place on 28th November.
The share will be credited to the demat accounts of eligible shareholders on November 28.
The stock will list on NSE with a tentative date November 29.
C2C Advanced Systems IPO details
C2C Advanced Systems IPO book running lead managers: Beeline Capital Advisors Pvt Ltd and Mark Corporate Advisors Private Limited. Link Intime India Private Ltd is the registrar for the issue while Spread X Securities is the market maker of the public offer.
C2C Advanced Systems provides a several range of products, professional services, and product engineering solutions which are based on AI/ML big data analytics, enterprise integration of real time data from IIOT and embedded/FPGA designs.
In its draft papers, C2C Advanced Systems has said that the proceeds will be used for the following purposes:
Purchase of Fixed Assets (both hardware and software) for company’s existing operations and Dubai Experience Centre
Towards Fit-outs at the premises at Bengaluru and Experience Centre in Dubai
Towards security deposit for our new premises in Bengaluru
Funding the working capital requirement of the Company
General corporate purposes
C2C Advanced Systems Financials
(Below-mentioned figures are in Rs in lakhs, except percentage and ratios)
Particulars
March 31, 2023
Equity Share capital
150
Net worth
252.14
Revenue from operations
804.87
Profit after tax for the period / years
287.52
Earnings per Equity Share (basic and diluted)
14.29
Earnings per Equity Share (basic and diluted) after adjusting bonus (in ₹)
14.29
Net asset value (per Equity Share)
16.81
Net asset value per share after adjusting bonus (in ₹)
16.81
Total borrowings
944.74
Some of its products include, Combat Management Systems, Integrated Platform Management Systems, Communication Systems, Integrated Vessel Management, Digital Conference Table, Integrated Bridge Systems, AI/ML Based Big Data Analytics Framework for Defence Services, Security Agencies, DRDO, PSUs and Public & Private Industries, AI/ML-based Advance Analytics Layer for existing and underdevelopment C4I Systems, LLMs driven Knowledge Management System and other products.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
SME IPO upcoming: C2C Advanced Systems IPO GMP is going very strong. The shares of the company are expected to make a debut with around 97 per cent gains. The IPO will open on November 22, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
