C2C Advanced Systems IPO – Subscription Dates, Price Band, and Key Details

The C2C Advanced Systems IPO is set to raise ₹99.07 crores by offering 43.84 lakh shares in a fresh issue. The IPO will open for subscription from November 22, 2024, and close on November 26, 2024, with the allotment expected to be finalized on November 27, 2024. Investors can expect the shares to be credited to their Demat accounts by November 28, 2024, and the listing is tentatively scheduled for November 29, 2024, on the NSE SME.

The C2C Advanced Systems IPO comes with a price band of ₹214 to ₹226 per share, with a minimum lot size of 600 shares. Retail investors need to invest a minimum of ₹135,600, while HNI investors* will need to apply for a minimum of 1,200 shares (2 lots) amounting to ₹271,200. This IPO is a book-built issue, and it offers a fresh issue of shares, with all proceeds going toward funding the company’s expansion plans, including new experience centers and enhancing existing operations.

With a robust business model focused on defense electronics, AI/ML-based solutions, and government initiatives like “Atmanirbhar Bharat,” C2C Advanced Systems is well-positioned for growth.

Let’s take a look at the key details:

C2C Advanced Systems IPO Details

C2C Advanced Systems IPO Timeline:

C2C Advanced Systems IPO Lot Size

Investors can apply for a minimum of 600 shares. Here’s a breakdown of the lot sizes:

C2C Advanced Systems IPO Reservation

C2C Advanced Systems IPO Anchor Investors

C2C Advanced Systems IPO raised ₹28.23 crore from anchor investors on November 21, 2024. The lock-in period for anchor investors is as follows:

About C2C Advanced Systems

C2C Advanced Systems Limited, formerly known as C2C – DB Systems Private Limited, was incorporated in 2018. It provides defence electronics solutions, focusing on indigenously developed defence products. The company’s main services include C4I systems, AI/ML-based analytics, real-time data integration, and embedded design solutions for defence applications.

Competitive Strengths:

• Diverse product range for defense applications
• Strong research and development focus
• Benefits from government initiatives like “Atmanirbhar Bharat” and “Make in India”
• Solid relationships with global customers

C2C Advanced Systems IPO Objectives

The company intends to use the funds raised through this IPO for:

• Capital expenditure on fixed assets, including hardware and software
• Establishing Experience Centres in Bengaluru and Dubai
• Funding working capital requirements
• General corporate purposes

C2C Advanced Systems Financials