IPO

C2C Advanced Systems Limited IPO

NSE SME

Listed On: Dec 3, 2024 at ₹ 429.4

₹ 271200 /1200 Shares
*Min Investment

Check Allotment

22 Nov, 2024

Open Date

26 Nov, 2024

Close Date

29 Nov, 2024

Allotment Date

03 Dec, 2024

Listing Date
C2C Advanced Systems IPO Issue Details
  • Issue Price ₹214-226 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 43,83,600 shares(aggregating up to ₹99.07 crore)
  • Fresh Share 43,83,600 shares(aggregating up to ₹99.07 crore)
  • Listing at NSE SME
  • List Price 429.4
  • Listing Date 2024-12-03
  • Lead Manager Mark Corporate Advisors Private Limited
    Beeline Capital Advisors Pvt Ltd
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)1600₹1,35,600
Retail(max)1600₹1,35,600
NII (min) 21,200₹2,71,200
C2C Advanced Systems IPO Reservation

C2C Advanced Systems IPO offers total 43,83,600 shares. Out of which 8,32,800 (19%) allocated to QIB, 6,24,600 (14.25%) allocated to NII,14,57,400 (33.25%) allocated to RII, NA (NA%) allocated to employees and 12,49,200 (28.5%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered12,49,200 (28.5%)
Market Maker Shares Offered2,19,600 (5.01%)
QIB Shares Offered8,32,800 (19%)
NII (HNI) Shares Offered6,24,600 (14.25%)
Retail Shares Offered14,57,400 (33.25%)
Total Shares Offered43,83,600 (100%)
C2C Advanced Systems IPO Documents
DRHP
RHP
C2C Advanced Systems IPO Details


C2C Advanced Systems Limited IPO is an SME IPO, priced at ₹214-226 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 43,83,600 equity shares, aggregating up to ₹99.07 crores..

The IPO bidding window is open from Nov 22, 2024 to Nov 26, 2024. The allotment is expected to be finalized on Nov 29, 2024, and the tentative listing date is Dec 3, 2024.

The minimum lot size for Retail investors is 600 shares, with a minimum investment of ₹1,35,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,71,200.

Mark Corporate Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.

Read More
C2C Advanced Systems IPO Subscription Analysis And Details
Retail
132.73x
Total
125.43x
As onQIB / NIIRetailTotal
Shares Offered / Reserved832,800 / 624,6001,457,4002,914,800
Day 1 22-11-24 06:00 PM
0.53 / 26.37 x41.48 x26.54 x
Day 2 25-11-24 06:00 PM
6.00 / 123.23 x157.22 x106.73 x
Day 3 26-11-24 06:00 PM
31.61 / 233.48 x132.73 x125.43 x
Total No of Applications
3,59,723
C2C Advanced Systems Valuations
EPS Pre IPO ₹10.02/-
EPS Post IPO ₹11.69/-
P/E Pre IPO 22.56
P/E Post IPO 19.33
Debt/Equity 0.15
RoNW 11.29%
PAT Margin 22.51
Price to Book Value 3.62
C2C Advanced Systems Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets8,583.511,849.78903.18
Revenue4,129.82806.7334.79
Profit After Tax1,227.69287.52-238.21
Net Worth7,645.73252.14-136.57
Reserves & Surplus6,864.5296.69N/A
About C2C Advanced Systems Company

C2C Advanced Systems Limited was previously called C2C – DB Systems Private Limited and is incorporated in the year 2018. The company caters to the Indian industry that produces the defense products which have been developed indigenously. Its key competencies lie in the domains of C4I systems which would enhance the situational awareness and support effective decision making. Its competencies include AI/ML-based big data analytics, enterprise integration of real-time data from IIOT, and embedded/FPGA designs.

Four service focus segments are utilized under the digital business model. For instance: virtual supply chain that involves real-time software development by acquiring continuous and diverse data that might be captured and processed using myriad sensors with outputs that create directly actionable information
virtual logistics delivering through using various COTS electronic boards integrated as well with an engineered enclosure whose environmental settings with subsystems provide resistance.
Virtual Maintenance: The company integrates various subsystems to deliver systems that extract real-time data and create situational awareness for defense leadership to take action (systems).
Application of AI/ML technologies in all offerings and as standalone product development and engineering.

The company's product list includes Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defence Subsystems, Integrated Platform Management Systems and Integrated Vessel Management Systems.

Read More
C2C Advanced Systems - Promoter(s)

C2C Innovations Private Limited, PVR Multimedia Private Limited, Lakshmi Chandra, Maya Chandra, Subrahmanya Srinivasa Narendra Lanka, Kuriyedath Ramesh and Murtaza Ali Soomar

Pre Issue Share Holding : 56.52%

Post Issue Share Holding : %

C2C Advanced Systems IPO - Issue Objectives
1

Funding of capital expenditure towards the purchase of fixed assets (both hardware and software) for its existing operations (the upgradation of the existing Experience Centre and set up of Training Centre at Bengaluru) and the proposed set up of Experience Centre at Dubai.

2

Towards fit-outs at the new premises at both Bengaluru and Dubai.

3

Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.

4

To fund the working capital requirements of the Company.

5

To fund expenditure towards general corporate purposes.

C2C Advanced Systems IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
C2C Advanced Systems Limited15.8515.8562.3822.5616.063.65Restated
Paras Defence and Space Technologies Limited8.778.77105.87116.898.299.76Standalone

Notes:

  1. Considering the nature, range of products/services, turnover, and size of the business of the Company, the peers are not strictly comparable. However, the above Company has been included for broad comparison.
  2. The P/E Ratio for the peer has been computed based on the closing market capitalization of respective peers as of November 04, 2024, as divided by the profit after tax for the financial year 2024.
  3. RoNW is computed as net profit after tax, as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and other equity (excluding Revaluation Reserves, if any) and as attributable to the owners of the Company.
  4. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and other equity (excluding Revaluation Reserves, if any) and as attributable to the owners of the Company.
Contact Details

C2C Advanced Systems

No.86, Wings of Eagles, SS Commercial Estate, Varthur Road, Nagavarapalya Main Road, C V Raman Nagar, Bengaluru - 560093

+91 80 4372 4052

compliance@c2c-as.com

http://www.c2c-as.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

c2csme.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html