C2C Advanced Systems Limited
Bookbuilding IPO · NSE
- Price band
- ₹214 - ₹226
- Lot size
- 600 shares
- Issue amount
- ₹99.07 cr
- Total subscription
- 125.43×
- Opens
- 22 Nov 2024
- Closes
- 28 Nov 2024
- Allotment
- 2 Dec 2024
- Listing
- 3 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 43,83,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,400
- Fresh issue
- ₹99.07 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,35,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,22,57,568
- Shares after issue
- 1,66,41,168
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 600 | ₹1,35,600 |
| HNI | 2 | 1,200 | ₹2,71,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 50 |
| NIB | — | 37,265 |
| RETAIL | — | 3,22,408 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 18.82 | 594.95 |
| RETAIL | 32.94 | 4,371.85 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 7.94 | 14.29 | 14.29 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 11.29 | 16.21 | 114.03 |
| Pre IPO | 22.56 | 0 | 0 |
| Post IPO | 19.33 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
C2C Advanced Systems Limited, founded in 2018, is a defense electronics solutions provider that develops advanced, indigenous technology products for India’s defense sector. The company focuses on C4I systems, big data analytics using AI/ML, integration of real-time IIOT data, and embedded/FPGA designs. Its four main service areas include Virtual Supply Chain, Virtual Logistics, Virtual Maintenance, and AI/ML solutions, which help defense clients improve operational awareness, decision making, and system performance in tough environments. The company offers multiple products such as Combat Management Systems, Anti-Drone C2 systems, Air Defense Subsystems, and integrated vessel management solutions, and had 190 employees as of October 30, 2024.
Strengths
- Wide Product Range: Provides advanced defense systems like CMS and anti-drone solutions.
- Strong R&D: Develops cutting-edge tech with AI/ML focus.
- Strategic Advantage: Benefits from Atmanirbhar Bharat and global customer reach.
Risk factors
- Govt Dependency: Heavy reliance on government defense contracts makes revenue sensitive to policy changes.
- Customer Concentration: Losing major clients could impact revenue and growth.
- Cash Flow Strain: Long receivable/payable cycles may affect liquidity and operations.
Promoters
C2C Innovations Private Limited
PVR Multimedia Private Limited
Lakshmi Chandra
Maya Chandra
Subrahmanya Srinivasa Narendra Lanka
Kuriyedath Ramesh
Murtaza Ali Soomar
Registrar & documents
Lead manager
Mark Corporate Advisors Private Limited, Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No.86, Wings of Eagles, SS Commercial Estate, Varthur Road, Nagavarapalya Main Road, C V Raman Nagar, Bengaluru - 560093
+91 80 4372 4052
[email protected]Company website ↗Understanding C2C IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.