C2C Advanced Systems IPO - Day 3 Subscription at 105.21 Times

C2C Advanced Systems' initial public offering (IPO) has received overwhelming investor interest over the three-day period. The IPO witnessed exceptional growth in demand, with subscription rates growing from 27.19 times on day one, to 108.02 times on day two, and reaching an impressive 105.21 times by 11:21 AM on the final day.

C2C Advanced Systems IPO, which opened on 22nd November 2024, has seen phenomenal participation across categories. The Retail Investors segment has shown extraordinary interest reaching 146.17 times subscription, while Non-Institutional Investors demonstrated exceptional participation at 141.93 times. The QIB portion secured 6.01 times subscription.

This overwhelming response comes amid positive sentiment in the Indian stock market, particularly towards companies in the defense electronics sector.

Subscription Status of C2C Advanced Systems IPO:

*As of 11:21 AM

Here are the subscription details for C2C Advanced Systems IPO as of Day 3 (26th November 2024, 11:21 AM):
 

Total Applications: 3,86,863

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors and market makers is not included in the total shares offered.

Key Highlights:

• Overall subscription maintained strong at 105.21 times on the final day
• Retail investors showed phenomenal response with 146.17 times subscription
• Non-institutional investors demonstrated exceptional interest at 141.93 times
• QIB portion secured decent participation at 6.01 times
• Total bids received for 30,66,75,000 shares worth ₹6,930.86 crores
• The retail portion attracted bids for 21,30,21,600 shares worth ₹4,814.29 crores
• NII portion received bids for 8,86,50,000 shares worth ₹2,003.49 crores
• Total applications reached 3,86,863, including 3,55,036 retail applications
• The subscription trend indicated overwhelming investor confidence across categories

C2C Advanced Systems IPO - Day 2 Subscription at 108.02 Times

Key Highlights:

Overall subscription soared to 108.02 times, showing exceptional momentum
Retail investors led with a massive 159.70 times subscription
Non-institutional investors showed strong interest at 123.45 times
QIB portion improved significantly to 6.00 times
The total application count showed a substantial increase from day one
The retail portion continued to attract maximum investor interest
The NII segment demonstrated robust participation growth
QIB portion witnessed a notable improvement
The subscription trend indicated strong investor confidence across segments

C2C Advanced Systems IPO - Day 1 Subscription at 27.19 Times

Key Highlights:

• Overall subscriptions opened strong at 27.19 times
• Retail investors showed robust interest with 42.64 times subscription
• Non-institutional investors demonstrated strong interest at 26.68 times
• QIB portion started with 0.53 times subscription
• Total applications indicated a strong opening-day response
• The retail portion led the subscription statistics
• The NII segment showed significant first-day participation
• Opening day momentum remained strong across categories
• The subscription trend indicated exceptional investor confidence

About C2C Advanced Systems Limited

C2C Advanced Systems Limited, incorporated in 2018, has established itself as a vertically integrated defence electronics solutions provider catering to India's Indigenous defence products industry. The company specialises in delivering critical defence technologies, including C4I systems, AI/ML-based big data analytics, enterprise integration of real-time data from IIOT, and embedded/FPGA designs. Their comprehensive business model encompasses four core digital transformation services: Virtual Supply Chain for actionable real-time sensor data, Virtual Logistics for harsh-environment electronics integration, Virtual Maintenance for defence leadership decision support, and AI/ML Technologies applied across all offerings.

The company has built an impressive product portfolio including Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defence Subsystems, and Integrated Platform Management Systems. With 190 employees as of October 2024, their strong R&D capabilities and focus on innovation have positioned them well to benefit from government initiatives like "Atmanirbhar Bharat" and "Make in India". The company maintains strong relationships with a diverse and global customer base, supported by an experienced management team.

Highlights of the C2C Advanced Systems IPO

• IPO type: Book Built Issue
• IPO size: ₹99.07 crores
• Fresh Issue: 43.84 lakh shares
• Face value: ₹10 per share
• Price band: ₹214 to ₹226 per share
• Lot size: 600 shares
• Minimum investment for retail investors: ₹135,600
• Minimum investment for HNI: ₹271,200 (2 lots)
• Listing at: NSE SME
• IPO opens: November 22, 2024
• IPO closes: November 26, 2024
• Allotment date: November 27, 2024
• Refund initiation: November 28, 2024
• Credit of shares: November 28, 2024
• Listing date: November 29, 2024
• Lead Managers: Mark Corporate Advisors Private Limited, Beeline Capital Advisors Pvt Ltd
• Registrar: Link Intime India Private Ltd
• Market Maker: Spread X Securities