C2C Advanced Systems IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 22 to Nov 26 2024
Price Band
₹214 - 226
Current GMP
₹429.4 (90.0%)
Subscription
125.35 times
IPO Details
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | Tuesday, December 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹214 to ₹226 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 4,383,600 shares (aggregating up to ₹99.07 Cr) |
| Fresh Issue | 4,383,600 shares (aggregating up to ₹99.07 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,257,568 |
| Share holding post issue | 16,641,168 |
| Market Maker portion | 219,600 shares Spread X Securities |
IPO Date
November 22, 2024 to November 26, 2024
Listing Date
Tuesday, December 3, 2024
Face Value
₹10 per share
Price Band
₹214 to ₹226 per share
Lot Size
600 Shares
Total Issue Size
4,383,600 shares (aggregating up to ₹99.07 Cr)
Fresh Issue
4,383,600 shares (aggregating up to ₹99.07 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
12,257,568
Share holding post issue
16,641,168
Market Maker portion
219,600 shares Spread X Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 31.61 |
| Non-Institutional Buyers*** | 233.13 |
| Retail Investors | 132.73 |
| Total ** | 125.35 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
31.61
Non-Institutional Buyers***
233.13
Retail Investors
132.73
Total **
125.35
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Nov 22, 2024 | 0.53 | 26.68 | 42.64 | 27.19 |
| Day 2 Nov 25, 2024 | 6.00 | 123.45 | 159.70 | 108.02 |
| Day 3 Nov 26, 2024 | 31.61 | 233.13 | 132.73 | 125.35 |
DayDay 1
Nov 22, 2024
QIB0.53
NII*26.68
Retail42.64
Total27.19
DayDay 2
Nov 25, 2024
QIB6.00
NII*123.45
Retail159.70
Total108.02
DayDay 3
Nov 26, 2024
QIB31.61
NII*233.13
Retail132.73
Total125.35
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-12-2024 | 226.00 | 240(106.19%) | 466 |
| 02-12-2024 | 226.00 | 240(106.19%) | 466 |
| 01-12-2024 | 226.00 | 195(86.28%) | 421 |
| 30-11-2024 | 226.00 | 195(86.28%) | 421 |
| 29-11-2024 | 226.00 | 195(86.28%) | 421 |
| 28-11-2024 | 226.00 | 190(84.07%) | 416 |
| 27-11-2024 | 226.00 | 145(64.16%) | 371 |
| 26-11-2024 | 226.00 | 120(53.1%) | 346 |
| 25-11-2024 | 226.00 | 170(75.22%) | 396 |
| 24-11-2024 | 226.00 | 245(108.41%) | 471 |
| 23-11-2024 | 226.00 | 245(108.41%) | 471 |
| 22-11-2024 | 226.00 | 245(108.41%) | 471 |
| 21-11-2024 | 226.00 | 245(108.41%) | 471 |
| 20-11-2024 | 226.00 | 245(108.41%) | 471 |
| 19-11-2024 | 226.00 | 225(99.56%) | 451 |
| 18-11-2024 | 226.00 | 225(99.56%) | 451 |
| 17-11-2024 | 226.00 | 220(97.35%) | 446 |
| 16-11-2024 | 226.00 | 220(97.35%) | 446 |
| 15-11-2024 | 226.00 | 220(97.35%) | 446 |
| 14-11-2024 | 226.00 | 200(88.5%) | 426 |
Date03-12-2024
Price226.00
GMP240(106.19%)
Estimate List Price466
Date02-12-2024
Price226.00
GMP240(106.19%)
Estimate List Price466
Date01-12-2024
Price226.00
GMP195(86.28%)
Estimate List Price421
Date30-11-2024
Price226.00
GMP195(86.28%)
Estimate List Price421
Date29-11-2024
Price226.00
GMP195(86.28%)
Estimate List Price421
Date28-11-2024
Price226.00
GMP190(84.07%)
Estimate List Price416
Date27-11-2024
Price226.00
GMP145(64.16%)
Estimate List Price371
Date26-11-2024
Price226.00
GMP120(53.1%)
Estimate List Price346
Date25-11-2024
Price226.00
GMP170(75.22%)
Estimate List Price396
Date24-11-2024
Price226.00
GMP245(108.41%)
Estimate List Price471
Date23-11-2024
Price226.00
GMP245(108.41%)
Estimate List Price471
Date22-11-2024
Price226.00
GMP245(108.41%)
Estimate List Price471
Date21-11-2024
Price226.00
GMP245(108.41%)
Estimate List Price471
Date20-11-2024
Price226.00
GMP245(108.41%)
Estimate List Price471
Date19-11-2024
Price226.00
GMP225(99.56%)
Estimate List Price451
Date18-11-2024
Price226.00
GMP225(99.56%)
Estimate List Price451
Date17-11-2024
Price226.00
GMP220(97.35%)
Estimate List Price446
Date16-11-2024
Price226.00
GMP220(97.35%)
Estimate List Price446
Date15-11-2024
Price226.00
GMP220(97.35%)
Estimate List Price446
Date14-11-2024
Price226.00
GMP200(88.5%)
Estimate List Price426
IPO Important Dates
| IPO Open Date | Friday, November 22, 2024 |
| IPO Close Date | Tuesday, November 26, 2024 |
| Basis of Allotment | Friday, November 29, 2024 |
| Initiation of Refunds | Monday, December 2, 2024 |
| Credit of Shares to Demat | Monday, December 2, 2024 |
| Listing Date | Tuesday, December 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2024 |
IPO Open Date
Friday, November 22, 2024
IPO Close Date
Tuesday, November 26, 2024
Basis of Allotment
Friday, November 29, 2024
Initiation of Refunds
Monday, December 2, 2024
Credit of Shares to Demat
Monday, December 2, 2024
Listing Date
Tuesday, December 3, 2024
Cut-off time for UPI mandate confirmation
5 PM on November 26, 2024
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 |
ApplicationRetail (Min)
Lots1
Shares600
Amount₹135,600
ApplicationRetail (Max)
Lots1
Shares600
Amount₹135,600
ApplicationHNI (Min)
Lots2
Shares1,200
Amount₹271,200
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 11,058.01 | 8,583.51 | 1,849.78 |
| Revenue | 4,324.97 | 4,129.82 | 806.73 |
| Profit After Tax | 972.99 | 1,227.69 | 287.52 |
| Net Worth | 8,618.72 | 7,645.73 | 252.14 |
| Reserves and Surplus | 6,864.52 | 96.69 | |
| Total Borrowing | 1,329.02 | 944.74 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 202411,058.01
31 Mar 20248,583.51
31 Mar 20231,849.78
Period EndedRevenue
30 Sep 20244,324.97
31 Mar 20244,129.82
31 Mar 2023806.73
Period EndedProfit After Tax
30 Sep 2024972.99
31 Mar 20241,227.69
31 Mar 2023287.52
Period EndedNet Worth
30 Sep 20248,618.72
31 Mar 20247,645.73
31 Mar 2023252.14
Period EndedReserves and Surplus
30 Sep 2024
31 Mar 20246,864.52
31 Mar 202396.69
Period EndedTotal Borrowing
30 Sep 20241,329.02
31 Mar 2024
31 Mar 2023944.74
Key Performance Indicator
| Debt/Equity | 0.15 |
| RoNW | 11.29% |
| P/BV | 3.62 |
| PAT Margin (%) | 22.51 |
| EPS (Rs) | 10.02 |
Debt/Equity
0.15
RoNW
11.29%
P/BV
3.62
PAT Margin (%)
22.51
EPS (Rs)
10.02
IPO Reservation
| Anchor Investor Shares Offered | 1,249,200 (28.50%) |
| Market Maker Shares Offered | 219,600 (5.01%) |
| QIB Shares Offered | 832,800 (19.00%) |
| NII (HNI) Shares Offered | 624,600 (14.25%) |
| Retail Shares Offered | 1,457,400 (33.25%) |
| Total Shares Offered | 4,383,600 (100%) |
Anchor Investor Shares Offered
1,249,200 (28.50%)
Market Maker Shares Offered
219,600 (5.01%)
QIB Shares Offered
832,800 (19.00%)
NII (HNI) Shares Offered
624,600 (14.25%)
Retail Shares Offered
1,457,400 (33.25%)
Total Shares Offered
4,383,600 (100%)
Information about company
C2C Advanced Systems Limited, formerly known as C2C â DB Systems Private Limited, incorporated in 2018, is a vertically integrated defense electronics solutions provider catering to the indigenously developed defense products industry in India. The company's core competencies include C4I systems for effective situational awareness and decision support, AI/ML based big data analytics, enterprise integration of real-time data from IIOT, and embedded/FPGA designs.
The company's business model for digital transformation focuses on four main services:
Virtual Supply Chain: The company provides software development based on real-time and continuous data provided by various sensors, generating usable data that is immediately actionable.
Virtual logistics: The company delivers using commercial off-the-shelf (COTS) electronic boards and complex engineering to integrate and deliver in an engineered enclosure that can withstand harsh environmental conditions (subsystems)
Virtual Maintenance: The company integrates various subsystems to deliver systems that extract real-time data and create situational awareness for defense leadership to take action (systems).
Application of AI/ML technologies in all offerings and as standalone product development and engineering.
The company's product list includes Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defence Subsystems, Integrated Platform Management Systems and Integrated Vessel Management Systems.
Competitive strengths:
A broad range of products and solutions for defense applications
Strong R&D capabilities with a focus on innovation
Well positioned to benefit from the government initiatives âAtmanirbhar Bharatâ and "Make in India"
Strong relationships with a diverse and global customer base
Experienced management team
As of October 30, 2024, the company employed 190 employees.
Objectives of IPO
The company intends to utilize the proceeds of the net issue in the following manner:
Funding of capital expenditure towards the purchase of fixed assets (both hardware and software) for its existing operations (the upgradation of the existing Experience Centre and set up of Training Centre at Bengaluru) and the proposed set up of Experience Centre at Dubai.
Towards fit-outs at the new premises at both Bengaluru and Dubai.
Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
To fund the working capital requirements of the Company.
To fund expenditure towards general corporate purposes.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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