C2C Advanced Systems is leading player in providing cutting-edge technologies systems for defence, security, and aerospace sectors. It is vertically integrated defence electronic solutions provider company delivering services to entire spectrum of defence and aerospace platform – Space, Air, Land, Sea, and Autonomous systems. It has expertise in architecture design, data acquisition, data analytics and modelling, AI/ML has dual use in the civilian applications. It has successfully sold Combat Management System (CAS) to Royal Malaysian Navy. The company aims to build next domain in “Digital Transformation” based on sensors in Industry 4.0 and transportation.
C2C Advanced Systems IPO open date is November 22, 2024 and the IPO will close on November 26, 2024. C2C Advanced Systems is a Book Built Issue. C2C Advanced Systems IPO price band is ₹214 to ₹226. The retail quota is 35%, QIB is 50%, and HNI is 15%. C2C Advanced Systems IPO to list on NSE on November 29, 2024. The allotment of C2C Advanced Systems IPO date is November 27, 2024. The company reported revenue of ₹41.06 crores in 2024 against ₹8.07 crore in 2023. The company reported profit of ₹12.28 crores in 2024 against profit of ₹2.88 crores in 2023.As per the financials the IPO investors should apply the IPO for a long term.
C2C Advanced Systems SME IPO Details
| SME IPO Issue Opening Date: | 22nd Nov 2024 |
| SME IPO Issue Closing Date: | 26th Nov 2024 |
| SME IPO Issue Price: | ₹214.00-226.00 Per Share |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹99.07 Cr |
| Fresh Issue: | ₹99.07 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 56.52% |
C2C Advanced Systems IPO Timeline
The C2C Advanced Systems IPO date is November 22, 2024 and the close date is November 26, 2024. The C2C Advanced Systems IPO allotment will be finalized on November 27, 2024 and the IPO listing on November 29, 2024.
| IPO Open Date: | November 22, 2024 |
| IPO Close Date: | November 26, 2024 |
| Basis of Allotment: | November 27, 2024 |
| Refunds: | November 28, 2024 |
| Credit to Demat Account: | November 28, 2024 |
| IPO Listing Date: | November 29, 2024 |
C2C Advanced Systems IPO: Market Lot Size
The C2C Advanced Systems IPO minimum market lot is 600 shares with ₹1,35,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹1,35,600 |
| Retail Maximum | 1 | 600 | ₹1,35,600 |
| HNI Minimum | 2 | 1,200 | ₹271200 |
Financial Highlights of C2C Advanced Systems Limited
C2C Advanced Systems Limited’s revenue increased by 412% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11,058.01 | 8,583.51 | 1,849.78 | 903.18 |
| Revenue | 4,324.97 | 4,129.82 | 806.73 | 34.79 |
| Profit After Tax | 972.99 | 1,227.69 | 287.52 | -238.21 |
| Net Worth | 8,618.72 | 7,645.73 | 252.14 | -136.57 |
| Reserves and Surplus | 6,864.52 | 96.69 | ||
| Total Borrowing | 1,329.02 | 944.74 | 554.77 |
