C2C Advanced Systems Ltd. launched its Initial Public Offering (IPO) on November 22, 2024, with a price band set between ₹214 and ₹226 per share. The company aims to raise ₹99.07 crore by issuing 43.84 lakh shares. Retail investors can participate by investing a minimum of ₹135,600 for a lot of 600 shares. As of today, the C2C Advanced Systems IPO GMP price is reported at ₹245, indicating that shares may list at around ₹471 per share, suggesting a potential gain of about 108%. The IPO subscription period runs until November 26, with allotment on November 27 and listing expected on the NSE SME platform on November 29.
C2C Advanced Systems: A Brief Overview
C2C Advanced Systems is a prominent player in the defence electronics sector, established in 2018. The company specializes in providing advanced solutions such as C4I systems, AI/ML analytics, and embedded design systems. By aligning with India’s Atmanirbhar Bharat initiative, C2C Advanced Systems focuses on indigenously developed technologies to cater to both military and security needs, both domestically and internationally.
C2C Advanced Systems IPO Details: Company Background
- Founded: 2018
- Sector: Defence Electronics
- Technologies: C4I systems, AI/ML analytics, Embedded design systems
- Primary Markets: India and International
C2C Advanced Systems IPO Details: Financial Performance
C2C Advanced Systems has shown remarkable growth over recent years, making it an attractive investment opportunity. Here’s a breakdown of their financial performance:
| Financial Year | Revenue (₹ Cr) | Net Profit (₹ Cr) |
|---|---|---|
| FY23 | ₹8.06 | ₹2.87 |
| FY24 | ₹41.29 | ₹12.27 |
| FY25 (Q1) | ₹43.24 | ₹9.72 |
The company has shown significant growth in both revenue and profit, which enhances the appeal of the C2C Advanced Systems IPO details for potential investors.
C2C Advanced Systems IPO GMP Price: What Does It Mean?
The C2C Advanced Systems IPO GMP price currently stands at ₹245, which is significantly higher than the upper price band of ₹226. This suggests a potential listing price of around ₹471 per share, which represents an expected gain of approximately 108% for investors. The C2C Advanced IPO GMP reflects strong investor interest, indicating a high possibility of listing gains for those who participate in the IPO.
C2C Advanced Systems IPO Review: Is It Worth Investing?
The C2C Advanced Systems IPO review suggests that the company’s financial growth and its strategic alignment with national defense initiatives make this IPO an appealing option for investors. Let’s break down the C2C Advanced Systems share price and its potential:
- Industry Growth: Defence electronics is a growing sector with substantial long-term prospects, especially with the government’s push for indigenization.
- Company Performance: The C2C Advanced Systems IPO details reveal a strong revenue increase and net profit growth.
- Expected Listing Gains: The C2C Advanced IPO GMP indicates an expected listing price of ₹471, offering significant short-term gains for investors.
C2C Advanced Systems IPO Subscription Status: How Is It Performing?
Currently, the C2C Advanced Systems IPO subscription status shows no bids from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), or Retail Individual Investors (RIIs), but this could change quickly as the subscription period progresses. Investors can follow the IPO subscription status updates on the official platforms during the subscription period, which ends on November 26, 2024.
C2C Advanced Systems IPO Subscription Dates
- Start Date: November 22, 2024
- End Date: November 26, 2024
- Allotment Date: November 27, 2024
- Listing Date: November 29, 2024
C2C Advanced Systems IPO Listing Price: What Can Investors Expect?
The C2C IPO listing price is highly anticipated by investors, with a grey market premium (GMP) of ₹245 suggesting a listing price of around ₹471 per share. If this expected price holds true, early investors in the IPO could see an impressive gain of 108% based on the upper price band of the offer. This makes the C2C Advanced Systems IPO details even more exciting for potential investors looking for quick gains.
C2C Advanced Systems IPO Listing Date: Key Event
The C2C Advanced Systems IPO listing date is scheduled for November 29, 2024. This will be when the shares of the company are expected to start trading on the NSE SME platform. Based on the C2C Advanced Systems IPO GMP price, the shares are likely to list at ₹471, which would represent an impressive gain for those who have participated in the IPO.
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