C2C Advanced Systems IPO Allotment Expected Today; Strong Listing Anticipated
The allotment for the C2C Advanced Systems IPO is expected to be finalized today, November 29, 2024. The IPO is creating a buzz in the market, as the Grey Market Premium (GMP) has climbed to ₹190 per share, indicating a potential listing price of ₹416 per share against the IPO price of ₹226 per share. This surge reflects strong investor interest and a promising debut on the exchanges.
C2C Advanced Systems IPO Subscription Status: Exceptional Response from Investors
The C2C Advanced Systems IPO received an overwhelming subscription of 125.35 times, showcasing robust demand across all investor categories. By the close of the issue on November 26, 2024, the retail category was subscribed 132.73 times, while the Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) categories recorded subscriptions of 233.13 times and 31.61 times, respectively.
Detailed Subscription Figures (as of Day 3, November 26, 2024):
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ Cr) |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 31.61 | 832,800 | 2,63,25,000 | 594.95 |
| Non-Institutional Investors (NII)* | 233.13 | 624,600 | 14,56,11,000 | 3,290.81 |
| Retail Investors | 132.73 | 1,457,400 | 19,34,44,800 | 4,371.85 |
| Employees | – | – | – | – |
| Others | – | – | – | – |
| Total | 125.35 | 2,914,800 | 36,53,80,800 | 8,257.61 |
*The total amount is calculated based on the final issue price or the upper price range.
Note: Market Maker’s portion of 219,600 equity shares is not included.
Day-Wise Subscription Details
Here’s a snapshot of the IPO subscription progress across the three-day bidding period:
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| November 22, 2024 (Day 1) | 0.53 | 26.68 | 42.64 | 27.19 |
| November 25, 2024 (Day 2) | 6.00 | 123.45 | 159.70 | 108.02 |
| November 26, 2024 (Day 3) | 31.61 | 233.13 | 132.73 | 125.35 |
The remarkable response from retail and institutional investors highlights the strong market sentiment toward C2C Advanced Systems, driven by its growth potential and strategic positioning.
Key Takeaways for Investors
- Strong GMP: A Grey Market Premium of ₹190 suggests that the stock could debut with significant listing gains.
- High Subscription Figures: The IPO has witnessed phenomenal demand, particularly from the NII and retail categories.
- Robust Valuation: With a subscription total of 125.35 times and a cumulative application count of 359,723, the IPO demonstrates exceptional investor confidence.
C2C Advanced Systems IPO Timeline:
Here’s the tentative timeline for the C2C Advanced Systems IPO 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 Account: Thursday, November 28, 2024
- Listing Date: Friday, November 29, 2024
- Cut-off Time for UPI Mandate Confirmation: 5 PM on November 26, 2024
C2C Advanced Systems IPO Lot Size & Investment:
Investors can bid for a minimum of 600 shares and in multiples thereof. Here’s a breakdown of the investment required for retail and HNI (High Net-Worth Individual) investors:
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,600 |
| Retail (Max) | 1 | 600 | ₹135,600 |
| HNI (Min) | 2 | 1,200 | ₹271,200 |
About C2C Advanced Systems Limited:
Formerly known as C2C – DB Systems Private Limited, C2C Advanced Systems Limited was established in 2018. The company is a key player in the defense electronics industry, providing cutting-edge solutions to India’s defense sector. C2C specializes in C4I systems, AI/ML-based analytics, and embedded designs, with a focus on real-time data integration for situational awareness.
Company’s Core Offerings:
- Virtual Supply Chain: Software development based on real-time data from sensors.
- Virtual Logistics: Engineering and integration of systems to withstand harsh environments.
- Virtual Maintenance: Real-time data systems for defense decision-making.
- AI/ML Technologies: Standalone products and engineering applications across all offerings.
C2C Advanced Systems has developed several key products, including:
- Combat Management Systems
- Anti-Drone Command and Control Systems
- Integrated Vessel Management Systems
With strong R&D capabilities and alignment with government initiatives like “Atmanirbhar Bharat” and “Make in India”, the company is well-positioned for future growth.
Financial Highlights of C2C Advanced Systems
Here are the key financials for C2C Advanced Systems, showing a substantial increase in both revenue and profits:
| Period Ended | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|
| 30 Sep 2024 | 4,324.97 | 972.99 | 8,618.72 |
| 31 Mar 2024 | 4,129.82 | 1,227.69 | 7,645.73 |
| 31 Mar 2023 | 806.73 | 287.52 | 252.14 |
| 31 Mar 2022 | 34.79 | -238.21 | -136.57 |
The company has experienced a 412% increase in revenue and a 327% rise in PAT from FY 2023 to FY 2024.
C2C Advanced Systems IPO Subscription Status
The C2C Advanced Systems IPO is expected to garner strong interest across multiple categories, including retail investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Subscription details will be updated on the official registrar’s website as the IPO progresses. Investors can monitor the real-time subscription status to gauge demand and plan their investment accordingly.
For those new to IPOs, a high subscription rate often indicates a strong demand for shares, which can be a positive sign for potential listing gains.
Grey Market Premium (GMP) Insights
The Grey Market Premium (GMP) is an essential factor when evaluating the C2C Advanced Systems IPO. While the GMP tends to fluctuate during the IPO period, a higher GMP generally suggests an increased likelihood of listing gains post-IPO. Investors looking to gauge market sentiment should keep an eye on the GMP trends as the subscription closes.
Should You Invest in the C2C Advanced Systems IPO?
With a competitive price band and strong growth prospects, the C2C Advanced Systems IPO offers an intriguing opportunity, particularly for those interested in the defense technology sector. However, IPO investments come with inherent risks, including market volatility and post-listing price fluctuations.
Investors should carefully assess their risk tolerance and consider factors like GMP trends, company growth potential, and alignment with government initiatives such as Make in India. For those seeking stable returns, alternative investment options like bond investments and asset leasing might also be worth exploring.
Frequently Asked Questions (FAQ)
1. What is the tentative timeline for the C2C Advanced Systems IPO?
- IPO Open Date: November 22, 2024
- IPO Close Date: November 26, 2024
- Listing Date: November 29, 2024
2. How much can I invest in the C2C Advanced Systems IPO?
Retail investors can bid for a minimum of 600 shares, amounting to ₹135,600. High Net-Worth Individuals (HNIs) can invest a minimum of ₹271,200 (1,200 shares).
3. What is the Grey Market Premium (GMP) for the C2C Advanced Systems IPO?
The GMP fluctuates as the IPO date approaches. A higher GMP often suggests strong demand and potential post-listing gains.
4. Should I invest in the C2C Advanced Systems IPO?
While the IPO offers strong growth potential, it’s crucial to assess the company’s financials, GMP, and your risk appetite before making an investment decision.
Conclusion
The C2C Advanced Systems IPO presents a promising opportunity to invest in a leading defense electronics solutions provider. With robust financial growth, cutting-edge technology offerings, and alignment with government initiatives like Make in India, C2C Advanced Systems is poised for future success. As always, investors should weigh the risks and potential rewards, keeping an eye on GMP trends and subscription status for optimal timing.
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