C2C Advanced Systems was incorporated on February 21, 2018. The company provides comprehensive defense electronics solutions, offering indigenously developed products for air and sea defense platforms in India
| Bidding Dates |
|---|
| 22 Nov 2024 - 26 Nov 2024 |
| Subscription |
|---|
| 116.64x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,400 | 1 | 1 | 600 | 4.4 M | ₹214 - ₹226 | 40.73 % | ₹938.1 M - ₹990.7 M | RHP DOC |
C2C Advanced Systems Ltd. IPO SUBSCRIPTION STATUS
26 Nov '24C2C Advanced Systems Ltd. IPO overall subscription rate was 116.64 times the total available shares
C2C Advanced Systems Ltd. IPO retail subscription rate was 176.33 times in the retail segment
C2C Advanced Systems Ltd. IPO non-institutional investor subscription rate was 310.17 times in the non-institutional investor category
C2C Advanced Systems Ltd. IPO Qualified Institutional Bidder subscription rate was 16.8 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Nov 2024 (Day 3) | 176.33x | 310.17x | 16.8x |
25 Nov 2024 (Day 2) | 208.86x | 163.71x | 3.19x |
22 Nov 2024 (Day 1) | 55.11x | 35.04x | 0.28x |
C2C Advanced Systems Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 97.3 | 432.2 | -267.7 | -269.1 | 31.8% |
| FY24 | 122.8 | 410.6 | -352.7 | -353.7 | 45.2% |
| FY23 | 28.8 | 80.5 | -48.1 | -48.6 | 48.0% |
| FY22 | -23.8 | 3.5 | -41.6 | -41.6 | -600.5% |
C2C Advanced Systems Ltd. IPO SUBSCRIPTION STATUS DETAILS
C2C Advanced Systems Ltd. had 4.4 M shares on offer
C2C Advanced Systems Ltd. IPO offer price was in the range ₹214 - ₹226
C2C Advanced Systems Ltd. IPO minimum Investment was ₹128400
C2C Advanced Systems Ltd. IPO issue size was ₹ 938.1 M - ₹ 990.7 M
C2C Advanced Systems Ltd. had a minimum lot size of 600 Shares per application
C2C Advanced Systems Ltd. NUMBER OF SHARES ON OFFER
C2C Advanced Systems Ltd. IPO IMPORTANT DATES
| Issue Open Date | 22 Nov 2024 |
| Issue close Date | 26 Nov 2024 |
| Allotment Date | 27 Nov 2024 |
| Refund Date | 28 Nov 2024 |
| Demat Account Credit Date | 28 Nov 2024 |
| Listing Date | 03 Dec 2024 |
| Listing on Exchange(s) | NSE |
| C2C Advanced Systems Ltd. Allotment Status | Exchange |
C2C Advanced Systems Ltd. IPO subscription opened on 22 Nov 2024, and closed on 26 Nov 2024
IPO allotment for C2C Advanced Systems Ltd. was finalized on Wednesday, 27 Nov 2024
IPO listing for C2C Advanced Systems Ltd. was on NSE on Tuesday, 03 Dec 2024
C2C Advanced Systems Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 226.0 |
| Listing Open Price | 429.4 |
| Listing Close Price | 450.9 |
| Listing Gain% | 90.0% |
| Current Gain% | 13.5% |
C2C Advanced Systems Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C2C Advanced Systems Ltd. | 256.5 | 426.8 | 23.3 | -0.6 | 2.6 | 7.8 | 4.9 | 161.7 | 37.6 | 18.3 | -36.4 | 11 | -36.4 |
| Hindustan Aeronautics Ltd. | 4909 | 328301.6 | 36 | 4 | 9.9 | 22.2 | 6.9 | 36788 | 9.7 | 9115.6 | 9 | 136.3 | 9 |
| Bharat Electronics Ltd. | 405.8 | 296667.4 | 48.3 | 4.1 | 10.3 | 25.3 | 13.6 | 28176.1 | 15 | 6062 | 13.9 | 8.4 | 11.7 |
| Mazagon Dock Shipbuilders Ltd. | 2554 | 103023.3 | 36 | 1.1 | 7.7 | 26.5 | 9.4 | 14145.7 | 12.7 | 2583.3 | 7 | 70.8 | 31.7 |
| Bharat Dynamics Ltd. | 1307.6 | 47931.7 | 114 | -4.8 | 19.6 | 9.9 | 2.9 | 2865.6 | -22.5 | 420.3 | -23.5 | 11.5 | -23.5 |
| Garden Reach Shipbuilders & Engineers Ltd. | 2575.4 | 29501.7 | 36.8 | 0.9 | 3.9 | 28.5 | 7 | 7276.5 | 34.5 | 747.9 | 41.8 | 69.9 | 42.9 |
C2C Advanced Systems Ltd. INFORMATION ON IPO ISSUE
About C2C Advanced Systems Ltd.
C2C Advanced Systems was incorporated on February 21, 2018. The company provides comprehensive defense electronics solutions, offering indigenously developed products for air and sea defense platforms in India
Object of the Issue
- Funding of capital expenditure towards the purchase of fixed assets (both hardware and software) for the existing operations (upgradation of an existing Experience Centre and setting up a Training Centre in 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
C2C Advanced Systems Ltd. - PROMOTERS
| Name |
|---|
| Lakshmi Chandra |
| Maya Chandra |
| Kuriyedath Ramesh |
| Subrahmanya Srinivasa Narendra Lanka |
| Murtaza Ali Soomar |
| C2C Innovations Private Limited |
| PVR Multimedia Private Limited |
C2C Advanced Systems Ltd. Lead Manager of the Issue
Mark Corporate Advisors Private Limited
smeipo@markcorporateadvisors.com
Beeline Capital Advisors Private Limited
mb@beelinemb.com
C2C Advanced Systems Ltd. Registrar to the issue
Link Intime India Private Limited
c2csme.ipo@linkintime.co.in
C2C Advanced Systems Ltd. Strengths
Diverse product range
The company offers a broad range of products and solutions tailored to specific customer needs, serving the defense sector in India and globally. Its end-to-end capabilities, from design to testing, ensure it meets exclusive customer requirements.
Benefits from Government initiatives
The company is well-positioned to benefit from the Government's Atmanirbhar Bharat initiative, which aims to empower the Indian defense industry through 'Make in India' projects.
C2C Advanced Systems Ltd. Risks
Dependent on Government contracts
The company’s domestic revenues are significantly dependent on contracts from the Government of India (GoI) and associated entities, including defense public sector undertakings and government organizations. Reprioritization of government requirements could adversely affect the business.
Export restrictions
The company relies on exports for a significant portion of its revenue. Any restrictions on the export of products or changes in regulations could adversely impact the business, operations, and financial condition.
IPO FAQs
The promoters of the company are Lakshmi Chandra, Maya Chandra, Kuriyedath Ramesh, Subrahmanya Srinivasa Narendra Lanka, Murtaza Ali Soomar, C2C Innovations Private Limited and PVR Multimedia Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 214.0 - 226.0.
The IPO application opens on Nov 22, 2024 and closes on Nov 26, 2024.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 128,400.0, the maximum value for this IPO is Rs 135,600.0.
This IPO will be allotted on Nov 27, 2024.
The refund will be credited to your account on Nov 28, 2024.
The allotted shares will be credited to your demat on Nov 28, 2024.
C2C Advanced Systems Ltd.’s shares listed on the stock exchanges on Dec 03, 2024.