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About C2C Advanced Systems IPO
C2C Advanced Systems is set to roll out a Rs 99.07 crore book. It will comprise entirely a fresh issue of 43.84 lakh shares. The company is preparing to make its debut on NSE SME.
Retail investors need to invest a minimum of Rs 135,600. HNI investors require a minimum investment of Rs 271,200 for 1,200 shares, which is 2 lots.
Link Intime India Pvt Ltd is acting as the registrar for the issue. Mark Corporate Advisors Pvt Ltd and Beeline Capital Advisors Pvt Ltd are the book running lead managers in this IPO. The market maker for the same is Spread X Securities.
C2C Systems IPO GMP Details:
The C2C Systems IPO GMP today is Rs 120, as of 27th November, 2024 09:29 AM. The IPO has a price band of Rs 226. The estimated listing price for C2C Advanced Systems is Rs 346, reflecting a potential gain of 53% per share.
For this IPO, the Retail Subject to Sauda is Rs 91,200.
C2C Advanced Systems IPO Details
| C2C Advanced Systems IPO Opening Date and Closing Date | 22nd November to 26th November |
| Face Value | Rs 10 per share |
| Price Band | Rs 214 to Rs 226 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 4,383,600 shares (aggregating up to Rs 99.07 Cr) |
| Fresh Issue | 4,383,600 shares (aggregating up to Rs 99.07 Cr) |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 12,257,568 |
| Shareholding Post Issue | 16,641,168 |
| Market Maker Portion | 219,600 Shares – Spread X Securities |
| Basis of Allotment | Wednesday, 27th November, 2024 |
| Refund Initiation | Thursday, 28th November, 2024 |
| Credit of Shares in Demat | Thursday, 28th November, 2024 |
| Listing Date | Friday, 29th November, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 26th November, 2024 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
C2C Advanced Systems Company Details
C2C Advanced Systems Limited, established in 2018, is a defence electronics solutions provider in India, specialising in indigenously developed defence products. The company focuses on C4I systems, AI/ML-based analytics, real-time data integration, and embedded/FPGA designs.
The company’s digital transformation business model includes four key services:
- Virtual Supply Chain: Software development using real-time data from sensors to create actionable insights.
- Virtual Logistics: Using COTS electronic boards and engineering to create systems that can handle harsh environments.
- Virtual Maintenance: Integrating subsystems to provide real-time data and situational awareness for defence leaders.
- AI/ML Applications: Implementing AI/ML technologies in all services and as standalone product development.
The C2C Systems offers products such as:
- Combat Management Systems
- C4I Systems
- Anti-Drone Command and Control Systems
- Air Defence Subsystems
- Integrated Platform Management Systems
- Integrated Vessel Management Systems
As of 30th October, 2024, the company has 190 employees.
C2C Advanced Systems IPO Anchor Investors Details
| Bid Date | 21st November, 2024 |
| Shares Offered | 1,249,200 |
| Anchor Portion Size (in Cr) | 28.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | 27th December, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 25th February, 2025 |
C2C Advanced Systems Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | Rs 135,600 |
| Retail (Max) | 1 | 600 | Rs 135,600 |
| HNI (Min) | 2 | 1,200 | Rs 271,200 |
Investor categories and C2C Advanced Systems shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
C2C Advanced Systems Financials:
For the period ended on 31st March, 2024 & 31st March, 2023:
| Periods Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets | Rs 8,583.51 Lakh | Rs 1,849.78 Lakh |
| Revenue | Rs 4,129.82 Lakh | Rs 806.73 Lakh |
| Profit After Tax | Rs 1,227.69 Lakh | Rs 287.52 Lakh |
| Net Worth | Rs 7,645.73 Lakh | Rs 252.14 Lakh |
| Reserves and Supplies | Rs 6,864.52 Lakh | Rs 96.69 Lakh |
| Total Borrowing | – | Rs 944.74 Lakh |
Should You Invest in the C2C Advanced Systems IPO?
Financial Performance:
Revenue: The company generated Rs 4,324.97 lakh in revenue during the period ended on 30th September, 2024.
Profit After Tax (PAT): The company earned a profit of Rs 972.99 lakh after deducting taxes.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 8,618.72 lakh.
Financial Position:
Assets: The company’s total assets amounted to Rs 11,058.01 lakh.
Total Borrowing: The company has borrowed a total of Rs 1,329.02 lakh.
C2C Advanced Systems Key Performance Indicators (KPI) and their values:
The market capitalisation of C2C Advanced Systems IPO is Rs 376.09 crore. As of 30th September 2024, KPI and their values are:
| KPI | Values |
| Return on Net Worth (RoNW) | 11.29% |
| Price to Book Value (P/BV) | 3.62 |
| PAT Margin (%) | 22.51 |
| Debt-to-Equity (D/E) | 0.15 |
Objectives of C2C Advanced Systems IPO
The company plans to use the funds raised in the following ways:
- Purchase of fixed assets (hardware and software) for existing operations, including upgrading the Experience Centre and setting up a Training Centre in Bengaluru, and creating a new Experience Centre in Dubai.
- Fit-outs for new premises in Bengaluru and Dubai.
- Payment of Security Deposit for the new Bengaluru office.
- Funding working capital requirements.
- General corporate expenses.
Some major risks associated with the C2C Advanced Systems IPO are:
- The defence electronics market is highly competitive, and C2C’s growth relies on continuous R&D innovation to maintain an edge.
- The company’s growth depends on government defence policies, making it vulnerable to changes in strategy or budget decisions.
Frequently Asked Questions (FAQs)
What is the price band of C2C Advanced Systems’ IPO?
Price band has been fixed at Rs 214 and Rs 226 per share.
What is the retail investor quota of C2C Advanced Systems’ IPO?
A minimum of 35% shares shall go to the retail investors.
Where can I track C2C Advanced Systems’ stock performance?
You can monitor it on Unicorn Signals once it’s listed.
How can I apply for C2C Advanced Systems’ Initial Public Offer?
Via your demat account or through the banking or other financial institutions during the period of IPO.
When is the Last Date of IPO subscription for C2C Advanced Systems?
The cut-off time is 26th November, 2024, at 5 PM; however, most brokers stop accepting applications between 1-3 PM.
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