C2C Advanced Systems IPO: Check price band, lot size, objectives, allotment and listing date

2 min read | Updated on November 21, 2024, 12:10 IST

SUMMARY

C2C Advanced Systems IPO: The ₹99.07 crore initial share sale is a fresh issuance of nearly 44 lakh equity shares. The company's shares will be listed on the NSE SME platform Emerge.

C2C Advanced Systems specialises in developing complex systems for defence, security, and aerospace sectors.

C2C Advanced Systems IPO date: Shares of C2C Advanced Systems,a defence solutions provider, will open for public subscription on Friday, November 22. The issue will conclude on Tuesday, November 26. The price band has been set at ₹214-₹226 per equity share.

The ₹99.07 crore initial share sale is a fresh issuance of nearly 44 lakh equity shares. The company's shares will be listed on the NSE SME platform Emerge.

The money raised will be used to upgrade the experience centre and set up a training centre in Bengaluru, as well as establish a new experience centre in Dubai. The funds will also be used for working capital requirements and serve general corporate purposes.

Lakshmi Chandra, Chairperson and Managing Director of C2C Advanced Systems, said, "The funds will strengthen our working capital, providing financial flexibility to execute our strategic goals and enhance our client engagement and support our expanding customer base."

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C2C Advanced Systems IPO: Lot size

Investors can bid for at least 600 equity shares, requiring a minimum investment of ₹135,600. High-net-worth individuals can bid for two lots, bringing the transaction size to ₹271,200.

C2C Advanced Systems IPO: Allotment and listing date

Bidding period: November 22-November 26
Basis of allotment: November 27
Initiation of refunds: November 28
Demat transfer: November 28
Listing: November 29

C2C Advanced Systems: About the company

C2C Advanced Systems specialises in developing complex systems for defence, security, and aerospace sectors.

The Bengaluru-based company provides cutting-edge solutions to all arms of the defence forces. Its clients include the Indian Armed Forces, DRDO, the National Technical Research Organisation, ABB, Thales, Dassault Systemes, and Hindustan Aeronautics Ltd.

At the end of the September quarter, the firm posted a revenue of ₹43.22 crore and a profit after tax (PAT) of ₹9.73 crore.

Beeline Capital Advisors and Mark Corporate Advisors Pvt Ltd are the issue's book-running lead managers, while Link Intime India is the registrar.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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C2C Advanced Systems IPO: Check price band, lot size, objectives, allotment and listing date

C2C Advanced Systems IPO: Lot size

C2C Advanced Systems IPO: Allotment and listing date

C2C Advanced Systems: About the company

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