C2C Advanced Systems IPO - AstroIPO

C2C Advanced Systems IPO


November 14, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

C2C Advanced Systems Ltd. is bringing its Initial Public Offering to the NSE SME platform, with a fresh issue of 4,383,600 shares at a price band of ₹214-₹226 per share.

As a smallcap company in the Aerospace & Defense sector, C2C Advanced Systems aims to raise ₹99.07 crores through this IPO. The subscription window opens on November 22, 2024, and closes on November 26, 2024.

For those planning to join the IPO, the minimum lot size is 600 shares, requiring a base investment of ₹135,600 at the upper price band. The shares come with a face value of ₹10 each. The company’s current market capitalization stands at ₹376.09 crores, positioning it in the smallcap segment.

C2C Advanced Systems IPO Details

The key details of C2C Advanced Systems’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.

IPO Size ₹99.07 Cr
Price Range ₹214 - ₹226
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 600
Investment (cut-off price) ₹135,600
Pre IPO Promotor Holding 56.52%
Post IPO Promotor Holding Update soon
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

C2C Advanced Systems IPO Timelines

The IPO process for C2C Advanced Systems includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.

22/11/2024
Start Date
26/11/2024
End Date
29/11/2024
Allotment Date View Status
02/12/2024
Refund Initiation
02/12/2024
Credit of Shares to Demat Ac
03/12/2024
Listing Date

C2C Advanced Systems IPO Lot Size

The C2C Advanced Systems IPO has a fixed lot size of 600 shares, at an upper price band of ₹226 per share, requiring ₹135,600 per lot for retail investors. For HNI investors, the minimum application is 1,200 shares (2 lots) amounting to ₹271,200.

Application Lot Size Shares Amount
Retail Minimum 1 600 ₹1,35,600
Retail Maximum 1 600 ₹1,35,600
HNI Minimum 2 1200 ₹271,200

C2C Advanced Systems IPO Subscription Status

The subscription status for C2C Advanced Systems IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.

QIB NII Retail EMP Total
31.61x 233.13x 132.73x -- 125.35x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹429.40 ₹450.85 ₹450.85 ₹429.40

C2C Advanced Systems IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹0.35 ₹2.75 -₹2.38
FY 2023 ₹8.07 ₹5.16 ₹2.88
FY 2024 ₹41.30 ₹24.70 ₹12.28
FY 2025 (6 M) ₹43.25 ₹30.16 ₹9.73

About Company

C2C Advanced Systems, with over 25 years of expertise, specializes in delivering high-quality products, professional services, and product engineering solutions globally. Focused on mission-critical applications, C2C’s core competencies include C4I systems for situational awareness, AI/ML-based big data analytics, and real-time data integration from IIoT and embedded/FPGA designs. The company’s commitment to quality is reflected in its rigorous processes, ensuring reliable outcomes for clients.

Adaptability is central to C2C’s approach, allowing customized solutions to meet diverse client needs, from technology support to comprehensive managed services. Leveraging advanced technology and staying ahead of future trends, C2C tailors software systems to specific hardware requirements, providing flexibility and innovation in its solutions to deliver effective, client-centered outcomes.

Incorporation Date Sector Managing Director
2018 Aerospace & Defense lakshmi chandra

Know Before Investing

C2C Advanced Systems IPO Strengths

  • Diverse portfolio of over 100 defense products and solutions.
  • Strong R&D focus with Experience Centre in Bengaluru, Karnataka.
  • Proven expertise in C4I, AI/ML, IIOT, and FPGA systems.
  • Delivered new-generation Combat Management Systems for Malaysian Navy.
  • Positioned for growth via “Atmanirbhar Bharat” and “Make in India.”
  • Global reach with customers across India, USA, UK, and Malaysia.

C2C Advanced Systems IPO Risks

  • High dependence on GoI contracts; reprioritization could impact revenue.
  • Top 10 customers contributed 99.05% of 2024 revenue.
  • Significant working capital requirements; cash flow challenges affect liquidity.
  • High trade receivable days: 1,910 (2022) and 4,085 (2023).
  • Negative cash flow from operations in recent financial years reported.
  • Unsecured loans from promoters; potential repayment could strain finances.

Swot Analysis for C2C Advanced Systems IPO

Strengths

Strong commitment to innovation, Experienced management team

Weaknesses

Limited brand recognition, Relatively new market entrant

Opportunities

Growing demand for advanced systems, Potential market expansion

Threats

Intense competition, Economic fluctuations impacting investment

Company Details

C2C Advanced Systems Limited

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

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

Phone: +91 80 4372 4052

Email: compliance@c2c-as.com

IPO Registar Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: c2csme.ipo@linkintime.co.in

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

FAQs

The key objectives of C2C Advanced Systems IPO are:

  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.

Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd are the book-running lead managers for the C2C Advanced Systems IPO.

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