C2C Advanced Systems IPO Allotment Status

Summary

C2C Advanced Systems IPO has received an overwhelming response from investors, achieving a remarkable subscription of 125.35 times by November 26, 2024, at 5:34:00 PM (Day 3). The public issue witnessed extraordinary demand across all categories, underscoring strong market confidence.

The Non-Institutional Investors (NII) segment led with a staggering 233.13 times subscription, reflecting unprecedented enthusiasm. The Retail Investors category followed closely with an impressive 132.73 times subscription, showcasing robust interest from individual investors. The Qualified Institutional Buyers (QIB) category also demonstrated significant participation with a subscription of 31.61 times. The Anchor Investors and Market Maker portions were fully subscribed at 1.00 times each, ensuring stability in the offering.

The IPO comprised a total of 43,83,600 equity shares, with 14,57,400 shares allocated to retail investors, 8,32,800 shares to QIBs, and 6,24,600 shares to NIIs. Retail investors placed bids for 19,34,44,800 shares, contributing ₹4,371.85 crores, while NIIs bid for 14,56,11,000 shares, amounting to ₹3,290.81 crores. QIBs bid for 2,63,25,000 shares, contributing ₹594.95 crores.

In total, C2C Advanced Systems IPO raised ₹8,257.61 crores (based on the upper price of the issue range) and received 3,59,723 applications, highlighting its exceptional market appeal.

How to Check C2C Advanced Systems IPO Allotment Status:

How do you Check C2C Advanced Systems IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Link Intime India Private Ltd (https://linkintime.co.in/initial_offer/public-issues.html)

Step 2: From the selection menu, choose C2C Advanced Systems IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check C2C Advanced Systems IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the C2C Advanced Systems IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "C2C Advanced Systems Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

C2C Advanced Systems IPO Timeline:

C2C Advanced Systems IPO Subscription Status

C2C Advanced Systems IPO received 125.35 times subscription with 3,59,723 applications. By 26th November 2024 at 5:34:00 PM (Day 3), the detailed subscription status was:

Subscription Day 3 (as of 5:34:00 PM)

• Total Subscription: 105.21 times
• QIB: 31.61 times
• NII: 233.13 times 
• Retail investors: 132.73 times 
   

Subscription Day 2 (November 25, 2024)

• Total Subscription: 108.02 times
• QIB: 6.00 times
• NII: 123.45 times
• Retail investors: 159.70 times
   

Subscription Day 1 (November 22, 2024)

• Total Subscription: 27.19 times
• QIB: 0.53 times
• NII: 26.68 times
• Retail investors: 42.64 times

C2C Advanced Systems IPO Details 

C2C Advanced Systems' initial public offering (IPO) is a book built issue of ₹99.07 crores. This offering consists entirely of a fresh issue of 43.84 lakh shares.

The bidding process commenced on 22nd November 2024 and will conclude on 26th November 2024. The allotment results are anticipated to be finalised on 27th November 2024. Furthermore, the shares of C2C Advanced Systems are set to be listed on NSE SME, with a provisional listing date scheduled for 29th November 2024.

The price band has been established between ₹214 and ₹226 per share. Investors must apply for a minimum lot size of 600 shares, which requires a minimum investment of ₹135,600 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (1,200 shares), totalling ₹271,200.

Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd serve as the book running lead managers for the IPO, while Link Intime India Private Ltd is designated as the registrar for this offering. Spread X Securities is the market maker for this offering.