C2C Advanced Systems IPO Overview

C2C Advanced Systems IPO is a book-built issue aiming to raise ₹99.07 crores through the fresh issuance of 43.84 lakh shares. The IPO subscription opens on November 22, 2024, and closes on November 26, 2024.

The price band for the C2C Advanced Systems IPO is set between ₹214 to ₹226 per share. Retail investors can bid for a minimum lot size of 600 shares, requiring an investment of ₹135,600. High Net-worth Individuals (HNIs) need to apply for a minimum of two lots, amounting to ₹271,200.

Allotment is expected to be finalized on November 27, 2024, with shares likely to be listed on the NSE SME platform on November 29, 2024.

Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd are the book-running lead managers, while Link Intime India Private Ltd is the registrar. Spread X Securities serves as the market maker for the IPO.

For detailed information, refer to the  C2C Advanced Systems IPO RHP .

C2C Advanced Systems IPO Important dates

C2C Advanced Systems IPO opens on November 22, 2024, and closes on November 26, 2024.

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

C2C Advanced Systems IPO Financial Performance

C2C Advanced Systems Limited’s revenue increased by 412% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 11,058.01 8,583.51 1,849.78 903.18
Revenue 4,324.97 4,129.82 806.73 34.79
Profit After Tax 972.99 1,227.69 287.52 -238.21
Net Worth 8,618.72 7,645.73 252.14 -136.57
Reserves and Surplus 6,864.52 96.69
Total Borrowing 1,329.02 944.74 554.77

C2C Advanced Systems IPO Key Performance Indicator

The market capitalization of C2C Advanced Systems IPO is Rs 376.09 Cr.

KPI as of September 30, 2024.

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

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 IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹135,600
Retail (Max) 1 600 ₹135,600
HNI (Min) 2 1,200 ₹271,200

C2C Advanced Systems IPO Details

IPO Date November 22, 2024 to November 26, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹214 to ₹226 per share
Lot Size 600 Shares
Total Issue Size 4,383,600 shares
(aggregating up to ₹99.07 Cr)
Fresh Issue 4,383,600 shares
(aggregating up to ₹99.07 Cr)
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
Spread X Securities

C2C Advanced Systems IPO Company Overview and Services

C2C Advanced Systems Limited, established in 2018 (formerly C2C – DB Systems Private Limited), is a leading defense electronics solutions provider in India. The company specializes in delivering indigenously developed defense products, focusing on C4I systems for situational awareness, AI/ML-based big data analytics, enterprise integration of real-time IIoT data, and embedded/FPGA designs.

The company’s digital transformation services are built around four key offerings:

  • Virtual Supply Chain: Developing real-time actionable data through sensor-based software solutions.
  • Virtual Logistics: Delivering rugged engineered enclosures using COTS electronic boards.
  • Virtual Maintenance: Integrating subsystems to create real-time situational awareness systems for defense leadership.
  • AI/ML Applications: Incorporating AI/ML in all services and standalone product development.

C2C Advanced Systems’ product portfolio includes Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defense Subsystems, Integrated Platform Management Systems, and Integrated Vessel Management Systems.

C2C Advanced Systems IPO SWOT Analysis

Strengths:

  1. Diverse Product Portfolio: Comprehensive offerings, including Combat Management Systems, C4I Systems, and Anti-Drone Command and Control Systems, cater to various defense needs.
  2. Robust R&D Capabilities: Strong focus on innovation and cutting-edge technologies such as AI/ML, embedded systems, and big data analytics.
  3. Government Support: Alignment with key initiatives like “Atmanirbhar Bharat” and “Make in India” enhances its growth potential in the defense sector.
  4. Experienced Team: Backed by a skilled management team and 190 dedicated employees as of October 2024.
  5. Global and Domestic Client Base: Strong relationships with diverse customers, ensuring consistent demand and revenue streams.

Weaknesses:

  1. High Dependency on Defense Sector: A niche focus on defense electronics makes the company vulnerable to fluctuations in defense budgets and policies.
  2. Limited Market Experience: Incorporated in 2018, the company is relatively new, which may pose challenges in competing with established players.
  3. Capital-Intensive Operations: High R&D and manufacturing costs could strain financial resources if not well-managed.

Opportunities:

  1. Expanding Defense Market: Increasing demand for indigenous defense products provides a significant growth opportunity.
  2. Technological Advancements: The integration of AI/ML and IIoT in defense systems positions the company as a future-ready player.
  3. Export Potential: Growing global interest in Indian defense solutions could lead to increased international sales.
  4. Strategic Partnerships: Collaboration with government and private organizations can enhance capabilities and market reach.

Threats:

  1. Intense Competition: Competition from well-established domestic and international defense manufacturers.
  2. Regulatory Risks: Changes in government policies, regulations, or delays in approvals could impact operations.
  3. Economic Uncertainty: Defense budgets may shrink during economic downturns, affecting demand for the company’s products.
  4. Technological Obsolescence: Rapid technological advancements could render existing products less competitive if R&D does not keep pace.

C2C Advanced Systems IPO GMP Details

2C Advanced Systems SME IPO last GMP is ₹245, last updated Nov 22nd 2024. With the price band of 226.00, C2C Advanced Systems SME IPO’s estimated listing price is ₹471 (cap price + today’s GMP).The expected percentage gain/loss per share is 108.41%.

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
22-11-2024 Open 226.00 ₹245  111700 ₹471 (108.41%) 22-Nov-2024
21-11-2024 226.00 ₹245  111700 ₹471 (108.41%) 21-Nov-2024
20-11-2024 226.00 ₹245   111700 ₹471 (108.41%) 20-Nov-2024
19-11-2024 226.00 ₹225  102600 ₹451 (99.56%) 19-Nov-2024
18-11-2024 226.00 ₹225   102600 ₹451 (99.56%) 18-Nov-2024
17-11-2024 226.00 ₹220  100300 ₹446 (97.35%) 17-Nov-2024

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Want to Raise money for your company through SME IPO? Read More

C2C Advanced Systems IPO subscription status 

C2C Advanced Systems IPO subscribed 125.35 times. The public issue subscribed 132.73 times in the retail category, 31.61 times in QIB, and 233.13 times in the NII category by November 26, 2024 (Day 3).

Investor Category Subscription (times) Shares Offered Shares Bid for Total Amount (Rs Cr.)*
Qualified Institutions 31.61 832,800 2,63,25,000 594.95
Non-Institutional Buyers* 233.13 624,600 14,56,11,000 3,290.81
Retail Investors 132.73 1,457,400 19,34,44,800 4,371.85
Employees [.] 0 0 0
Others [.] 0 0 0
Total * 125.35 2,914,800 36,53,80,800 8,257.61

Total Application : 359,723 (148.10 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 219,600 equity shares not included.

Date QIB NII* Retail Total
Day 1
November 22, 2024		 0.53 26.68 42.64 27.19
Day 2
November 25, 2024		 6.00 123.45 159.70 108.02
Day 3
November 26, 2024		 31.61 233.13 132.73 125.35

C2C Advanced Systems IPO Allotment status 

The allotment status of C2C Advanced Systems IPO is expected to be available on November 27, 2024.

To check C2C Advanced Systems IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to c2csme.ipo@linkintime.co.in.

C2C Advanced Systems Contact Details

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/

C2C Advanced Systems IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: c2csme.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html 

C2C Advanced Systems IPO Lead Managers

  1. Mark Corporate Advisors Private Limited
  2. Beeline Capital Advisors Pvt Ltd

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.