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C2C Advanced Systems IPO is a book built issue of Rs 99.07 crores. The issue is entirely a fresh issue of 43.84 lakh shares.
C2C Advanced Systems IPO opens for subscription on November 22, 2024 and closes on November 26, 2024. The allotment for the C2C Advanced Systems IPO is expected to be finalized on Wednesday, November 27, 2024. C2C Advanced Systems IPO will list on NSE SME with tentative listing date fixed as Friday, November 29, 2024.
C2C Advanced Systems IPO price band is set at ₹214 to ₹226 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹135,600. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹271,200.
Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd are the book running lead managers of the C2C Advanced Systems IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for C2C Advanced Systems IPO is Spread X Securities.
Refer to C2C Advanced Systems IPO RHP for detailed information.
| 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 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| 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 |
C2C Advanced Systems IPO raises Rs 28.23 crore from anchor investors. C2C Advanced Systems IPO Anchor bid date is November 21, 2024.
| 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 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 |
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 |
| Lot Size Calculator | |||
C2C Innovations Private Limited, PVR Multimedia Private Limited, Lakshmi Chandra, Maya Chandra, Subrahmanya Srinivasa Narendra Lanka, Kuriyedath Ramesh and Murtaza Ali Soomar are the company's promoters.
| Share Holding Pre Issue | 56.52% |
| Share Holding Post Issue |
C2C Advanced Systems Limited, formerly known as C2C – DB Systems Private Limited, incorporated in 2018, is a vertically integrated defense electronics solutions provider catering to the indigenously developed defense products industry in India. The company's core competencies include C4I systems for effective situational awareness and decision support, AI/ML based big data analytics, enterprise integration of real-time data from IIOT, and embedded/FPGA designs.
The company's business model for digital transformation focuses on four main services:
The company's product list 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:
As of October 30, 2024, the company employed 190 employees.
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 | ||||||||||||||||||||||||||||||||||||||||
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 |
The company intends to utilize the proceeds of the net issue in the following manner:
[Dilip Davda] The company is engaged in providing digital transformation systems and related services that are tailor made with specialized features. Due to specialization in critical product development and its servicing, it enjoys good margins. The management is confident of repeating its track record post completion of ongoing expansion. Investors may park funds for medium to long term. Read detail review...
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/
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
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Check our SME IPO Guide 
C2C Advanced Systems IPO is a SME IPO of 4,383,600 equity shares of the face value of ₹10 aggregating up to ₹99.07 Crores. The issue is priced at ₹214 to ₹226 per share. The minimum order quantity is 600 Shares.
The IPO opens on November 22, 2024, and closes on November 26, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in C2C Advanced Systems IPO using UPI as a payment gateway. Zerodha customers can apply in C2C Advanced Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in C2C Advanced Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The C2C Advanced Systems IPO opens on November 22, 2024 and closes on November 26, 2024.
C2C Advanced Systems IPO lot size is 600 Shares, and the minimum amount required is ₹135,600.
You can apply in C2C Advanced Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for C2C Advanced Systems IPO will be done on Wednesday, November 27, 2024, and the allotted shares will be credited to your demat account by Thursday, November 28, 2024. Check the C2C Advanced Systems IPO allotment status.
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