C2C Advanced Systems IPO
- IPO Date22 Nov, 2024 to 26 Nov, 2024
- Listing Date29 Nov, 2024
- Face Value₹10 per share
- Issue Price₹214 to ₹226 per share
- Lot Size600 Shares
- Minimum Investment₹1,35,600
- Listing AtNSE SME
- Total Issue Size43,83,600 Shares
(aggregating up to ₹99.07 Cr) - Fresh Issue43,83,600 Shares
(aggregating up to ₹99.07 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,22,57,568
- Shareholding post issue1,66,41,168
IPO Dates
Closing Date
26 Nov, 2024
Initiation of Refunds
28 Nov, 2024
Listing Date
29 Nov, 2024
22 Nov, 2024
Opening Date
27 Nov, 2024
Basis of Allotment
28 Nov, 2024
Credit of Shares
C2C Advanced Systems 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 |
|---|---|---|---|
| S-HNI (Min) | 2 | 1200 | ₹2,71,200 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 600 | ₹1,35,600 |
| Retail (Min) | 1 | 600 | ₹1,35,600 |
| B-HNI (Min) | - | - | - |
C2C Advanced Systems Promoter Holding
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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 56.52% | - |
C2C Advanced Systems COMPANY INFORMATION
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.
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:
- Virtual Supply Chain: The company provides software development based on real-time and continuous data provided by various sensors, generating usable data that is immediately actionable.
- Virtual logistics: The company delivers using commercial off-the-shelf (COTS) electronic boards and complex engineering to integrate and deliver in an engineered enclosure that can withstand harsh environmental conditions (subsystems)
- Virtual Maintenance: The company integrates various subsystems to deliver systems that extract real-time data and create situational awareness for defense leadership to take action (systems).
- Application of AI/ML technologies in all offerings and as standalone product development and engineering.
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:
- A broad range of products and solutions for defense applications
- Strong R&D capabilities with a focus on innovation
- Well positioned to benefit from the government initiatives “Atmanirbhar Bharat” and "Make in India"
- Strong relationships with a diverse and global customer base
- Experienced management team
As of October 30, 2024, the company employed 190 employees.
C2C Advanced Systems IPO
IPO Overview and Key Highlights
C2C Advanced Systems, a technology-driven company specializing in innovative solutions, is launching its Initial Public Offering (IPO) of up to 43,83,600 equity shares with a face value of Rs 10 each. This IPO is a 100% fresh issue, with no Offer for Sale (OFS). The proceeds will support business expansion, working capital, and other corporate purposes. Shares are proposed to be listed on the NSE Emerge Platform.
Key IPO Details
- Type of Issue: 100% Book Built
- Total Issue Size: 43,83,600 equity shares
- Face Value: Rs 10 per share
- Offer Opens: November 22, 2024
- Offer Closes: November 26, 2024
- Listing Exchange: NSE Emerge Platform.
Company Overview
Founded in 2018 and headquartered in Bengaluru, C2C Advanced Systems provides cutting-edge technology solutions across industries, including software development, digital transformation, and data analytics. Backed by experienced promoters such as C2C Innovations Private Limited and others, the company focuses on scalability and client-centric approaches to drive growth.
Financial Overview
C2C Advanced Systems has demonstrated stable revenue growth, supported by its expanding portfolio of technology solutions. The IPO proceeds will enhance its financial structure and enable investment in advanced technologies and business expansion.
Key Strengths of C2C Advanced Systems
- Innovative Technology Solutions: Focus on scalable, future-ready solutions.
- Experienced Promoters: Leadership with extensive expertise in the technology sector.
- Market Growth: Positioned to capitalize on the growing demand for digital transformation services.
IPO Pros and Cons
Pros
- Growing Demand: Rising adoption of digital solutions drives growth potential.
- Focused Expansion: Proceeds will strengthen operations and enable strategic expansion.
- Emerging Platform Visibility: Listing on NSE Emerge enhances credibility and market reach.
Cons
- Competitive Landscape: Intense competition in the technology sector may impact growth.
- Market Dependency: Heavy reliance on specific markets or clients.
- First Public Issue: Uncertainty surrounding stock performance post-listing.
Risk Factors
Investors should evaluate the following risks:
- Regulatory Compliance: Adherence to evolving data and technology regulations.
- Economic Sensitivity: Dependent on global and domestic technology spending.
- Operational Risks: Managing rapid growth and maintaining service quality.
Conclusion
The C2C Advanced Systems IPO offers an exciting opportunity for investors to enter the technology space through a growing and innovative company. With a focus on scalable solutions and strategic growth, the company is poised for success. However, investors should carefully assess risks, including competitive pressures and regulatory dependencies, before investing.
FAQs About C2c Advanced Systems Ipo
C2C Advanced Systems IPO will open on 22 Nov, 2024 and close on 26 Nov, 2024. Investors must apply within this period to participate.
The C2C Advanced Systems IPO price band is set between ₹214.00 and ₹226.00 per share. The minimum lot size is 600, requiring an investment of at least ₹135600.00.
The C2C Advanced Systems IPO shares are expected to be listed on 29 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your C2C Advanced Systems IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The C2C Advanced Systems IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.