The C2C Advanced Systems IPO is set as a book-built issue amounting to ₹99.07 crores, consisting entirely of a fresh issue of 43.84 lakh shares.
The subscription for the C2C Advanced Systems IPO will be open from November 22, 2024, to November 26, 2024. The allotment of shares is expected to be finalized on November 27, 2024. The IPO will be listed on the NSE SME, with the tentative listing date scheduled for November 29, 2024.
The price band for the IPO has been determined between ₹214 and ₹226 per share. A minimum lot size of 600 shares is required for an application. Retail investors need to invest at least ₹135,600, while the minimum investment for HNIs is 2 lots (1,200 shares), amounting to ₹271,200.
Get the C2C Advanced Systems IPO RHP for detailed information.
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | November 29, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 214 to ₹ 226 / Share |
| Lot Size | 600 Shares |
| Total Issue Size | ₹99.07 Cr |
| Fresh Issue | ₹99.07 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,257,568 |
| Share holding post issue | 16,641,168 |
| Market Maker portion | 219,600 shares |
C2C Advanced Systems Limited IPO opens on November 22, 2024, and closes on November 26, 2024.
| IPO Open Date | November 22, 2024 |
| IPO Close Date | November 26, 2024 |
| Basis of Allotment | November 27, 2024 |
| Initiation of Refunds | November 28, 2024 |
| Credit of Shares to Demat | November 28, 2024 |
| Listing Date | November 29, 2024 |
| Cut-off time for UPI mandate confirmation | November 26, 2024 |
A minimum of 600 shares and multiples thereof can be bid by investors. The table below shows the minimum and maximum investment requirements for retail investors and HNIs, presented in terms of shares and investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | Rs.135,600 |
| Retail (Max) | 1 | 600 | Rs.135,600 |
| S-HNI (Min) | 2 | 1,200 | Rs.271,200 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 56.52% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | 2024-11-21 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 28.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 25, 2025 |
C2C Advanced Systems Limited, previously known as C2C – DB Systems Private Limited and incorporated in 2018, is recognized as a vertically integrated defense electronics solutions provider. It serves the indigenously developed defense products industry in India. The company's core strengths encompass C4I systems designed for enhanced situational awareness and decision support, AI/ML-based big data analytics, enterprise integration of real-time data from IIOT, as well as embedded/FPGA design capabilities.
The business model of the company for digital transformation is centered around four key services:
The company's product portfolio includes Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defence Subsystems, Integrated Platform Management Systems, and Integrated Vessel Management Systems.
Competitive strengths:
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| 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 |
The company intends to utilize the proceeds from the net issue in the following manner:
C2C Advanced Systems Limited No.86, Wings of Eagles, SS Commercial Estate, Varthur Road, Nagavarapalya Main Road, C V Raman Nagar, Bengaluru, 560093 Phone: +91 80 4372 4052 Email: compliance@c2c-as.com Website: http://www.c2c-as.com/ |
Phone: +91-22-4918 6270 Email: c2csme.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
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