C2C Advanced Systems Day 2 Live Updates: Key Highlights, Subscription Status, and Insights
C2C Advanced Systems, a key player in the defence technology sector, is open for subscription from November 22 to November 26, 2024. The allotment Date is fixed at November 27, 2024, while the shares are expected to be listed on the NSE SME platform, Emerge, on November 29, 2024.
C2C Advanced Systems IPO Details
The total issue size is ₹99.07 crore, entirely through a fresh issue of shares. The IPO has already secured ₹28.23 crore from anchor investors, indicating robust institutional interest. The IPO price band has been set at ₹214 to ₹226 per share, with a minimum lot size of 600 shares, translating to a base investment of ₹1,35,600. Here’s an overview of the details and potential of this IPO.
Investor Category Shares Offered
|
Investor Category |
(%) |
|
Anchor Investor |
28.5% |
|
Market Maker |
5.01% |
|
QIB |
19% |
|
NII (HNI) |
14.25% |
|
Retail |
33.25% |
Use of Proceeds
The funds will support:
- Infrastructure expansion: Including fit-outs for Bengaluru and Dubai Experience Centres.
- Fixed asset purchases: For hardware and software upgrades.
- Working capital: Strengthening operational capacity.
- General corporate purposes
C2C Advanced Systems IPO Subscription Status
(November 25, 2024, 12:46:00 PM)
- The C2C Advanced Systems IPO has been subscribed 66.34 times.
- Qualified Institutions: 4.23 times
- Non-Institutional Buyers: 69.81 times
- Retail Investors: 100.35 times
C2C Advanced Systems IPO Day 1 Subscription Status
- The IPO was subscribed 27.19 times on the first day, November 22, 2024.
- Qualified Institutions: 0.53 times
- Non-Institutional Buyers: 26.68 times
- Retail Investors: 42.64 times
C2C Advanced Systems Overview
C2C Advanced Systems specialises in indigenously developed defence electronics, offering solutions in C4I systems, real-time data integration, AI/ML analytics, and embedded design systems. Founded in 2018, the company aligns with government initiatives like Atmanirbhar Bharat and Make in India, making it a strong prospect in India’s growing defence sector.
C2C Advanced Systems’ business model on digital transformation centres around four main deliveries:
- Virtual supply chain
- Virtual logistics
- Virtual maintenance
- Application of AI/ML technologies across all offerings and as standalone product development and engineering
C2C Advanced Systems Financial Highlights
- The company has demonstrated strong financial growth.
- Revenue for the year ended March 2024 is ₹41.06 crore, up from ₹8.05 crore in FY23.
- Net profit for the same period was ₹12.39 crore, up from ₹2.87 crore in FY23.
- Net worth: ₹76.46 crore as of March 2024, up from ₹2.52 crore in FY23.
Disclaimer: Investing in SME IPOs involves a high degree of risk due. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.