C2C Advanced Systems IPO Day 2: From subscription status to price band, 10 key points you need to know

C2C Advanced Systems IPO: Defence solutions provider C2C Advanced Systems's initial public offer is open for subscription. The offer aims to raise ₹99.07 crore. The issue will conclude on Tuesday, November 26.

C2C Advanced Systems IPO: 10 key things to know

• C2C Advanced Systems IPO subscription status: The initial share sale received bids for 21,65,50,200 shares against 31,34,400 shares on offer, leading to a 69.09 times subscription until 2:12 pm on Monday.
• IPO offer structure: It is a fresh issue of 43.83 lakh shares aggregating to ₹99.07 crore.
• C2C Advanced Systems IPO price band: The price range has been set at ₹214-₹226 a unit.
• Reservation: The company has reserved 19% of the issue for qualified institutional buyers (QIBs), 14.25% for non-institutional investors (NIIs), 33.25% for retail investors and 28.5% for anchor investors.
• C2C Advanced Systems IPO lot size: Retail investors can apply for at least 600 shares worth ₹135,600.
• Objective: The funds generated will be used for upgrading/setting up experience centres, working capital requirements, and general corporate purposes.
• C2C Advanced Systems IPO anchor round: The company mobilised ₹28.23 crore from anchor investors on November 21.
• Book-running lead manager and registrar: Beeline Capital Advisors and Mark Corporate Advisors are the issue's book-running lead managers. Link Intime India is the registrar.
• C2C Advanced Systems IPO allotment date: The allotment is expected to be finalised on Wednesday, November 27.
• C2C Advanced Systems IPO listing date: The listing on the NSE SME platform Emerge will occur on Friday, November 29.

About the company

The company's customers include the Indian Armed Forces, the Defence Research and Development Organisation (DRDO), the National Technical Research Organisation (NTRO), Thales, Dassault Systemes, ABB and Hindustan Aeronautics Ltd.