C2C Advanced Systems IPO To Open for Subscription on November 22

Founded in 2018, C2C Advanced Systems Limited (formerly C2C-DB Systems Private Limited) is a vertically integrated defense electronics solutions provider serving India’s domestically produced defense product market. Big data analytics based on AI/ML, enterprise integration of real-time IIOT data, embedded/FPGA designs, and C4I systems for efficient situational awareness and decision support are among the company’s core competencies. The financial year that ended on March 31, 2024, saw a 412% increase in revenue and a 327% increase in profit after tax (PAT) for C2C Advanced Systems Limited.

Details of the C2C Advanced Systems IPO

The book-built C2C Advanced Systems IPO is worth Rs. 99.07 crores. The 43.84 lakh shares being issued is a completely new issue. The C2C Advanced Systems initial public offering (IPO) will go live on November 22, 2024, and end on November 26, 2024. It is anticipated that the allocation for the C2C Advanced Systems IPO will be finalized on Wednesday, November 27, 2024. The tentative date of the C2C Advanced Systems IPO listing on the NSE SME is set for Friday, November 29, 2024.

The IPO of C2C Advanced Systems is priced between Rs. 214 and Rs. 226 per share. An application must have a minimum lot size of 600 shares. Retail investors must make a minimum investment of Rs. 135,600. HNI requires a minimum investment of two lots (1,200 shares), or Rs. 271,200. The book-running lead managers for the C2C Advanced Systems IPO are Beeline Capital Advisors Pvt Ltd and Mark Corporate Advisors Private Limited, and the issue’s registrar is Link Intime India Private Ltd. Spread X Securities is the market maker for C2C Advanced Systems’ initial public offering.

C2C Advanced Systems Limited’s IPO Objective

The C2C Advanced Systems IPO’s main goals are to finance a number of strategic projects and operational improvements. The money raised will go toward capital projects, such as buying hardware and software to upgrade the current Experience Center and build a new Training Center in Bengaluru. In Dubai, the business also intends to open a new Experience Center. Along with general business expenses, the money will also be used to pay for the fit-out of new buildings in Bengaluru and Dubai, pay a security deposit for the Bengaluru location, and meet working capital needs.

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.