C2C Advanced Systems IPO Doubled the Investors Amount on Debut

C2C Advanced Systems is a reliable supplier of a wide variety of products, professional services, and engineering solutions aimed at helping clients achieve outstanding outcomes. With more than 25 years of experience, the company’s team of experts has consistently utilised rigorous processes and maintained the highest quality standards to ensure the delivery of premium products and services to customers around the globe.

C2C Advanced Systems Bumper IPO Listing 

C2C Advanced Systems, a provider of vertically integrated defence electronics solutions, experienced a significant launch on the NSE SME today. The company’s shares commenced trading at ₹429.40 each, reflecting a 90% premium over the initial public offering allotment price of ₹226.

Within just 15 minutes of trading, the stock continued to climb and reached the upper circuit limit at ₹450.85 each, achieving an impressive total increase of 99.49% compared to the issue price. 

SEBI Cap Listing Gain on IPO

The listing performance was in line with grey market expectations, as the company’s unlisted shares were trading at a premium of ₹240 above the issue price. This indicated a grey market premium (GMP) of 106.19%.

However, the Securities and Exchange Board of India (SEBI) has set a limit on listing gains, capping them at 90% above the issue price for small and medium-sized enterprises (SME) stocks. It is worth noting that the company experienced a delay in its listing because SEBI mandated the appointment of independent auditors and the submission of an independent financial report.

Purpose Of The Fundraise Via IPO

The funds raised will be allocated towards purchasing fixed assets, improving operations at our Dubai Experience Centre, and facilitating fit-outs at our new premises in Bengaluru. Furthermore, the money will be used to cover the security deposit for the Bengaluru location, meet working capital requirements, and support general corporate activities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.