C2C Advanced Systems IPO
IPO Listing Details
- Listing Date
03 Dec 2024
- Listing Price
₹ 429.40
- Listing Change
90.00%
- Last Traded Price
₹ 816.65
IPO Details
- Open Date
22 Nov 2024
- Close Date
26 Nov 2024
- IPO Price Range
₹ 214 - ₹ 226
- IPO Size
₹ 99.07 Cr
- Listing Exchange
NSE SME
- Listing Date
29 Nov 2024
IPO Timeline
C2C Advanced Systems IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Nov-24 | 0.53 | 26.53 | 42.03 | 26.85 |
| 25-Nov-24 | 6.00 | 123.10 | 158.18 | 107.19 |
| 26-Nov-24 | 31.61 | 233.13 | 132.73 | 125.35 |
Last Updated: 26 November 2024 6:53 PM by 5Paisa
C2C Advanced Systems IPO is set to open on 22 November 2024 and will close on 26 November 2024. C2C Advanced Systems is a vertically integrated defence electronics solutions provider.
The IPO is a fresh issue of 0.44 Cr shares aggregating to ₹99.07 Cr. The price band is set at ₹214 to ₹226 per share and the lot size is 600 shares.
The allotment is scheduled to be finalised on 27 November 2024. It will go public on NSE SME, with a tentative listing date of 29 November 2024.
Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd are the book running lead managers while Link Intime India Private Ltd is the registrar.
C2C Advanced Systems IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹99.07 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹99.07 Cr. |
C2C Advanced Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,600 |
| Retail (Max) | 1 | 600 | ₹135,600 |
| HNI (Min) | 2 | 1,200 | ₹271,200 |
C2C Advanced Systems IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 31.61 | 8,32,800 | 2,63,25,000 | 594.95 |
| NII (HNI) | 233.13 | 6,24,600 | 14,56,11,000 | 3,290.81 |
| Retail | 132.73 | 14,57,400 | 19,34,46,600 | 4,371.89 |
| Total | 125.35 | 29,14,800 | 36,53,82,600 | 8,257.65 |
C2C Advanced Systems IPO Anchor Allocation
| Anchor Bid Date | 21 November, 2024 |
| Shares Offered | 1,249,200 |
| Anchor portion Size (In ₹ Cr.) | 28.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | 27 December, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 25 February, 2025 |
1. Funding of capital expenditure towards the purchase of fixed assets for its existing operations and the proposed set up of Experience Centre at Dubai.
2. Towards fit-outs at the new premises at both Bengaluru and Dubai.
3.Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
4. To fund the working capital requirements of the Company.
5. To fund expenditure towards general corporate purposes.
C2C Advanced Systems, established in 2018 as C2C – DB Systems Private Limited, is a key player in India’s defence electronics sector, specialising in indigenously developed technology solutions. The company offers advanced capabilities in C4I systems for real-time situational awareness, AI/ML-driven data analytics, IIOT-based enterprise integration, and sophisticated embedded/FPGA designs. Its core services span virtual supply chain, logistics, and maintenance solutions, delivering actionable insights and durable, engineered systems for challenging environments.
C2C Advanced Systems' products include Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, and Air Defence Subsystems. Leveraging strong R&D capabilities and a commitment to innovation, the company benefits from government initiatives like “Atmanirbhar Bharat” and "Make in India." Supported by an experienced team of 190 employees, C2C also maintains valuable global partnerships, positioning it for continued growth in defence technology solutions.
Peers
Paras Defence and Space Technologies Ltd.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 41.30 | 8.07 | 0.35 |
| EBITDA | 18.56 | 3.86 | -2.08 |
| PAT | 9.73 | 12.28 | 2.88 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 85.84 | 18.50 | 9.03 |
| Share Capital | 12.26 | 1.50 | 0.50 |
| Total Borrowings | - | 9.45 | 5.55 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -35.27 | -4.81 | -4.16 |
| Net Cash Generated From / (used in) investing activities | -0.82 | -0.11 | -0.04 |
| Net Cash Generated From / (used in) financing activities | 51.50 | 4.88 | 4.14 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 15.40 | -0.04 | -0.07 |
Strengths
1. Broad product range supports critical defence applications, enhancing C2C’s market position and industry relevance.
2. Advanced R&D capabilities drive innovation, positioning C2C as a leader in defence electronics solutions.
3. Strong partnerships with global clients expand market reach and foster international credibility.
4. Alignment with “Atmanirbhar Bharat” and “Make in India” initiatives bolsters domestic and defence opportunities.
5. Experienced management team provides strategic direction, leveraging expertise to drive growth and innovation.
Risks
1. Dependence on government defence budgets may impact revenue stability amid fluctuating budget allocations.
2. Complex regulatory requirements in defence procurement could slow project approvals and impact timelines.
3. Rapid technological advancements require ongoing R&D investment, which may strain financial resources over time.
4. High competition from established global players can challenge C2C’s market share and profitability.
5. Supply chain disruptions for critical components could delay production, impacting delivery schedules and revenue.
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FAQs
C2C Advanced Systems IPO opens from 22 November to 26 November 2024.
The size of C2C Advanced Systems IPO is ₹99.07 Cr.
The price of C2C Advanced Systems IPO is fixed at ₹214 to ₹238 per share.
To apply for C2C Advanced Systems IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the C2C Advanced Systems IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of C2C Advanced Systems IPO is 600 shares and the investment required is ₹135,600.
The share allotment date of C2C Advanced Systems IPO is 27 November 2024
The C2C Advanced Systems IPO will be listed on 29 November 2024.
Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd are the book running lead managers of the C2C Advanced Systems IPO.
C2C Advanced Systems plans to utilize the raised capital from the IPO for:
1. Funding of capital expenditure towards the purchase of fixed assets for its existing operations and the proposed set up of the Experience Centre in Dubai.
2. Towards fit-outs at the new premises at both Bengaluru and Dubai.
3. Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
4. To fund the working capital requirements of the Company.
5. To fund expenditure towards general corporate purposes.
Contact Information
C2C Advanced Systems
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/
C2C Advanced Systems IPO Register
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
C2C Advanced Systems IPO Lead Manager
Mark Corporate Advisors Private Limited
Beeline Capital Advisors Pvt Ltd
