C2C Advanced Systems Ltd is set to launch its initial public offering (IPO) on November 22, 2024, aiming to raise approximately ₹99.07 crores through a fresh issue of 4,383,600 equity shares priced between ₹214 and ₹226 per share. The company specializes in defense electronics, providing advanced technology solutions across various domains, including C4I systems and AI/ML-based analytics. The IPO will close on November 26, 2024, with the allotment date scheduled for November 27, 2024. Proceeds from the IPO will be utilized for capital expenditures and enhancing operational capabilities.
₹226
₹226
₹429.40
Expert Opinions
Market sentiment for the C2C Advanced Systems IPO is largely positive, reflecting strong investor interest in the defense and aerospace sectors. Company strengths include a solid financial performance, with revenue increasing from ₹8.05 crore in FY23 to ₹41.06 crore in FY24, alongside a profit surge to ₹12.3 crore, indicating robust growth potential. However, risks and challenges encompass reliance on government contracts and competition from established players like Paras Defence.
The valuation analysis sets the price band between ₹214 and ₹226 per share, which appears reasonable given the company’s growth trajectory and market positioning. From a long-term investment perspective, C2C Advanced Systems is well-positioned to benefit from increasing defense spending and modernization efforts in India, making it an attractive option for investors seeking exposure to the burgeoning defense technology sector.
Investor Considerations
Investors considering the C2C Advanced Systems IPO should evaluate several key aspects. Company performance and fundamentals highlight significant growth, with revenue surging from ₹8.05 crore in FY23 to ₹41.06 crore in FY24, alongside a profit increase to ₹12.3 crore, indicating strong operational efficiency. The sector outlook for defense electronics remains robust, driven by government initiatives and increasing defense budgets, positioning C2C as a key player in this expanding market.
The IPO valuation is set between ₹214 and ₹226 per share, which appears attractive given the company’s growth trajectory. Growth prospects are promising, with plans for expansion into international markets and investment in advanced technologies. However, potential risk factors include reliance on government contracts and competitive pressures from established players. A long-term investment horizon is advisable, as C2C Advanced Systems is well-positioned to leverage opportunities in the defense sector, making it an appealing option for investors seeking exposure to this critical industry.
| Date | GMP | Trend |
|---|---|---|
| 02 Dec 2024 15.28 | ₹226 | Up |
| 01 Dec 2024 11.19 | ₹190 | --- |
| 30 Nov 2024 13.00 | ₹190 | --- |
| 29 Nov 2024 11.04 | ₹190 | Up |
| 28 Nov 2024 16.10 | ₹180 | Up |
| 27 Nov 2024 15.53 | ₹150 | Up |
| 26 Nov 2024 11.01 | ₹100 | Down |
| 25 Nov 2024 11.13 | ₹250 | Up |
| 23 Nov 2024 11.23 | ₹226 | --- |
| 22 Nov 2024 15.52 | ₹226 | --- |
| 21 Nov 2024 10.54 | ₹226 | --- |
FAQs
The Grey Market Premium showed strong accuracy in predicting C2C Advanced Systems’ listing performance. The GMP of ₹226 predicted a substantial premium of 100% over the issue price, while the stock delivered a similar gain of 90%. With a relatively small prediction error of 5%, the GMP effectively captured both the strong positive sentiment and approximate magnitude of gains, proving to be a reliable indicator in this case.
C2C Advanced Systems IPO Current GMP is ₹226.
C2C Advanced Systems IPO Expected Returns is 100%.
C2C Advanced Systems IPO estimated listing price is ₹452.