C2C Advanced Systems IPO

C2C Advanced Systems Ltd

₹1,28,400 /600 sharesMinimum Investment

C2C Advanced Systems IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹226.00₹429.40₹203.40 (90.00%)

C2C Advanced Systems IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
22 Nov ‘24 - 26 Nov ‘24₹1,28,400600₹214 - ₹226
Issue SizeIPO Doc
99.07Cr
RHP PDF

Subscription rate

As of 26 Nov'24, 04:00 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total107.32x

About C2C Advanced Systems

C2C Advanced Systems Limited operates as a provider of defence electronics solutions with a focus on providing products for India's defence sector. The company supports a range of defence platforms, both aerial and maritime. C2C's core competencies consist of hardware, software, and firmware design and development, mechanical engineering, product prototyping, functional testing and validation, environmental testing and verification, and engineering services. The company claims that its design capabilities include areas such as processors, power systems, radio frequencies (RF), radars, and microwave technologies, along with embedded software and firmware. The company also develops C4I systems for enhanced situational awareness and decision support, using AI/ML for big data analytics and integrating real-time data from Industry Internet of Things (IIoT) within complex defence, security, and aerospace systems and subsystems.;
Founded in
2018
Managing director
Ms. Lakshmi Chandra
Parent organisation
C2C Advanced Systems Ltd

Strengths & Financials of C2C Advanced Systems

Strengths
Risks
C2C Advanced Systems claims to excel in creating bespoke software, hardware, and firmware solutions by utilising its own intellectual property and collaborations with third-party partners.
The company maintains a technology-driven approach in the design and development of advanced systems and subsystems. It claims to specialise in delivering customised software and systems that manage mission-critical defence applications for both Indian and global military and security sectors.
C2C Advanced Systems leverages its expertise in mission-critical systems to develop 'dual-use' solutions, particularly focusing on Industry 4.0 products. These solutions include AI/ML-based advanced analytics tailored for civilian sectors such as manufacturing.
The company has expanded its operations across India and internationally, including in Canada, the United States, Malaysia, Singapore, the United Kingdom, and France, covering all aspects of the project lifecycle and providing after-sale services.
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 0.35 crore in FY22 to Rs 8.05 crore in FY23 to Rs 41.06 crore in FY24.
C2C Advanced Systems relies on contracts from the Government of India (GoI) and its associated entities, including defence public sector undertakings and government organisations involved in defence. A significant portion of its domestic revenue comes from these contracts, with sales totalling Rs 2.74 crore (6.34%), Rs 0.90 crore (11.19%), and Rs 0.35 crore (100%) during the six months ended September 30, 2024, FY23, and FY22, respectively. Any changes in government priorities or a decrease in contracts from them could adversely impact the company’s operations and finances.
A majority of the company’s revenue is generated from its top 10 customers. These customers contributed 100% of its revenues for the year ended March 31, 2024, and 99.05% for the period ended September 30, 2024. Any loss of any of these customers or failure to retain them can adversely affect the company’s revenue.
A large portion of the company's revenue comes from projects with government entities or agencies, which often include client-favourable terms. These projects are awarded through a competitive selection process based on specific criteria and are typically non-negotiable in terms of conditions. Any changes in government policies or delays in payment could adversely impact the company’s operations.
The company witnessed a financial loss of Rs 2.38 crore in FY22 and does not guarantee non-occurrence in future.
C2C Advanced Systems depends significantly on exports for revenue. Exports contributed Rs 30.90 crore (75.25%), Rs 19.21 crore (87.09%), and Rs 7.15 crore (88.81%) to the revenue from operations respectively in FY24, FY23, and FY22, respectively. Any adverse developments in foreign relations, export restrictions, and other regulatory changes could affect the company’s business performance and financial condition.
As of September 30, 2024, the company’s total borrowings (unsecured) amounted to Rs 13.29 crore. Any inability to repay or service these loans can harm the company’s financial standing.
C2C Advanced Systems is currently involved in certain legal proceedings. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.

C2C Advanced Systems Financials

*All values are in Rs. Cr
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Application Details of C2C Advanced Systems IPO

Apply asPrice bandApply upto
Regular214 - 226₹2 - 5 Lakh
High Networth Individual214 - 226₹2 - 5 Lakh
For C2C Advanced Systems IPO, eligible investors can apply as Regular.