C2C Advanced Systems IPO GMP Soars Ahead of Launch

Authored by Arman Ansari

C2C Advanced Systems

The Grey Market Premium (GMP) for C2C Advanced Systems, a defense electronics solutions provider, has surged significantly as the IPO launch approaches on Friday, November 22, 2024. Industry insiders report that unlisted shares are trading at a premium of ₹225, translating to an impressive GMP of 99.56% compared to the IPO's upper price band. A strong GMP often indicates high investor interest and favorable demand for the IPO.

Key Highlights from C2C Advanced Systems' RHP

1. IPO Details:

Type: SME IPO
Issue: Fresh issue of 4,383,600 shares
Price Band: ₹214-₹216 per share
Lot Size: 600 shares
Minimum Investment: ₹135,600 per lot

2. Timeline:

Anchor Investor Bidding: November 21, 2024
Subscription Window: November 22-26, 2024
Basis of Allotment Finalization: November 27, 2024
Shares Credited to Demat Accounts: November 28, 2024
Listing on NSE SME: November 29, 2024

3. IPO Objectives:
Proceeds from the IPO will be allocated towards:

Upgrading the existing Experience Centre in Bengaluru.
Setting up a new Experience Centre in Dubai.
Establishing a Training Centre in Bengaluru.
Funding working capital and general corporate needs.

4. Financial Performance:
The company's revenue grew from ₹8.04 crore in FY23 to ₹41.05 crore in FY24, marking an increase of 410.57%. However, total expenses also rose to ₹24.70 crore in FY24.

About C2C Advanced Systems

C2C Advanced Systems specializes in defense electronics, providing indigenously developed solutions for air and sea platforms. Their core services include hardware, software, and firmware design, product prototyping, functional testing, and more.

C2C Advanced Systems IPO GMP Soars Ahead of Launch