C2C Advanced Systems Limited IPO, GMP, Details, Price, And Review IPO Details
| 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 | 43,83,600 shares (aggregating up to ₹ 99.07 Cr) |
| Fresh Issue | 43,83,600 shares (aggregating up to ₹ 99.07 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,22,57,568 |
| Shareholding post issue | 1,66,41,168 |
| Market Maker portion | 2,19,600 shares Spread X Securities |
About 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:
1. Virtual Supply Chain: Developing software solutions that leverage real-time data from various sensors to generate actionable insights instantly.
2. Virtual Logistics: Utilizing commercial off-the-shelf (COTS) electronic boards and advanced engineering to integrate complex systems into rugged enclosures that can endure harsh environmental conditions.
3. Virtual Maintenance: Integrating various subsystems to deliver comprehensive systems that provide real-time data for situational awareness, enabling defense leaders to make informed decisions.
4. AI/ML Applications: Leveraging artificial intelligence and machine learning technologies in all offerings, as well as in standalone product development and engineering initiatives
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
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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 |
section class="card" id="investororsDetails">
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 |
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 Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
4,324.97
₹ Crore
Profit After Tax
972.99
₹ Crore
Net Worth
8,618.72
₹ Crore
Total Borrowing
1,329.02
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 11,058.01 | 4,324.97 | 972.99 | 8,618.72 | 1,329.02 | ||||
| 31 Mar 2024 | 8,583.51 | 4,129.82 | 1,227.69 | 7,645.73 | — | ||||
| 31 Mar 2023 | 1,849.78 | 806.73 | 287.52 | 252.14 | 944.74 | ||||
| 31 Mar 2022 | 903.18 | 34.79 | -238.21 | 136.57 | 554.77 | ||||
| Amount in ₹ Crore | |||||||||
C2C Advanced Systems Limited IPO, GMP, Details, Price, And Review 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 |
Frequently Asked Questions
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Competitive Strengths
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".
Download regulatory filings
C2C Advanced Systems Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,600 |
| Retail (Max) | 1 | 600 | ₹135,600 |
| HNI (Min) | 2 | 1,200 | 271,200 |