C2C Advanced Systems IPO vs Ganesh Infraworld IPO

Comparision between C2C Advanced Systems IPO and Ganesh Infraworld IPO.

IPO Details

C2C Advanced Systems IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Ganesh Infraworld IPO is a SME Book Built Issue proposed to list at NSE SME.

	C2C Advanced Systems IPO	Ganesh Infraworld IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Mark Corporate Advisors Private Limited Beeline Capital Advisors Pvt Ltd	Vivro Financial Services Private Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker	Spread X Securities Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of C2C Advanced Systems IPO is up to ₹99.07 Cr whereas the issue size of the Ganesh Infraworld IPO is up to ₹98.58 Cr. The final issue price of C2C Advanced Systems IPO is ₹226.00 per share and of Ganesh Infraworld IPO is .

	C2C Advanced Systems IPO	Ganesh Infraworld IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹214.00 per share	₹78.00 per share
Issue Price (Upper)	₹226.00 per share	₹83.00 per share
Issue Price (Final)	₹226.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	43,83,600 shares	1,18,76,800 shares
Fresh Issue Size (Amount)	up to ₹99.07 Cr	up to ₹98.58 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	43,83,600 shares	1,18,76,800 shares
Issue Size Total (Amount)	up to ₹99.07 Cr	up to ₹98.58 Cr

IPO Timetable

C2C Advanced Systems IPO opens on Nov 22, 2024, while Ganesh Infraworld IPO opens on Nov 29, 2024. The closing date of C2C Advanced Systems IPO and Ganesh Infraworld IPO is Nov 26, 2024, and Dec 03, 2024, respectively.

	C2C Advanced Systems IPO	Ganesh Infraworld IPO
Anchor Bid Date	Nov 21, 2024	Nov 28, 2024
Issue Open	Nov 22, 2024	Nov 29, 2024
Issue Close	Nov 26, 2024	Dec 03, 2024
Basis Of Allotment (Tentative)	Nov 27, 2024	Dec 04, 2024
Initiation of Refunds (Tentative)	Nov 28, 2024	Dec 05, 2024
Credit of Share (Tentative)	Nov 28, 2024	Dec 05, 2024
Listing date (Tentative)	Nov 29, 2024	Dec 06, 2024
Anchor Lockin End date 1	Dec 27, 2024	Jan 03, 2025
Anchor Lockin End date 2	Feb 25, 2025	Mar 04, 2025

Financials

C2C Advanced Systems IPO P/E ratio is 22.56, as compared to Ganesh Infraworld IPO P/E ratio of 16.47.

C2C Advanced Systems IPO

Ganesh Infraworld IPO

Financial

C2C Advanced Systems Limited Financial Information (Restated)

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
Amount in ₹ Lakhs

Ganesh Infraworld Limited Financial Information (Restated)

Ganesh Infraworld Limited's revenue increased by 116% and profit after tax (PAT) rose by 198% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,006.17	17,725.32	4,266.89	2,529.77
Revenue	21,232.86	29,181.12	13,504.85	8,115.46
Profit After Tax	1,537.2	1,554.47	520.92	188.75
Net Worth	6,617.24	3,720.04	1,515.22	819.44
Reserves and Surplus	5,075.01	2,622.26
Total Borrowing	1,033.02	3,072.42	708.96	304.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

56.52%

81.84%

Promoter Shareholding (Post-Issue)

P/E Ratio

22.56

16.47

Market Cap

₹376.09 Cr.

₹354.59 Cr.

ROE

29.74%

ROCE

35.17%

Debt/Equity

0.15

0.16

EPS

₹10.02

₹5.04

RoNW

11.29%%

29.74%

Shares Offered

In the C2C Advanced Systems IPO retail investors (RII) are offered 14,57,400 shares while in Ganesh Infraworld IPO retail investors are offered 14,57,400 shares. Qualified institutional buyers (QIB) are offered 8,32,800 shares in C2C Advanced Systems IPO and in Ganesh Infraworld IPO.

	C2C Advanced Systems IPO	Ganesh Infraworld IPO
Anchor Investor Reserveration	12,49,200 shares
Market Maker Reserveration	2,19,600 shares	11,87,200 shares
QIB	8,32,800 shares
NII	6,24,600 shares
RII	14,57,400 shares
Employee	0 shares
Others
Total	29,14,800 shares

Bids Received (Subscription)

C2C Advanced Systems IPO subscribed 27.19x in total, whereas Ganesh Infraworld IPO subscribed .

	C2C Advanced Systems IPO	Ganesh Infraworld IPO
QIB (times)	0.53x
NII (times)	26.68x
Big NII (times)
Small NII (times)
RII (times)	42.64x
Employee (times)
Other (times)
Total (times)	27.19x

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