November 21, 2024
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C2C Advance listing Review
Will give detailed review on listing of this IPO
C2C Advance IPO allotment Link
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Subscription status of C2C Advance IPO
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C2C Advance Limited IPO (Day 1) Price Rs. 226 Lot 600 shares, Rs. 94.11 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of C2C Advance?
C2C Advanced Systems Limited, formerly C2C – DB Systems Private Limited, was established in 2018 as a vertically integrated provider of defense electronics solutions. Based in India, the company specializes in developing cutting-edge, indigenously designed products for the defense sector. With expertise in C4I (Command, Control, Communications, and Intelligence) systems, AI/ML-driven big data analytics, enterprise integration of real-time data from IIoT (Industrial Internet of Things), and embedded/FPGA designs, C2C Advanced Systems is at the forefront of advancing defense technologies.
The company’s business model for digital transformation revolves around four key service areas:
- Virtual Supply Chain: C2C develops software that leverages real-time sensor data to create actionable insights for immediate decision-making.
- Virtual Logistics: The company integrates commercial off-the-shelf (COTS) electronic boards with complex engineering solutions, delivering ruggedized systems housed in engineered enclosures designed to withstand extreme environmental conditions.
- Virtual Maintenance: By combining various subsystems, C2C provides systems that extract real-time data to enhance situational awareness, enabling defense leaders to make informed, timely decisions.
- AI/ML Integration: The company applies artificial intelligence and machine learning across its offerings, as well as in standalone product development and engineering projects.
C2C Advanced Systems’ product portfolio includes:
- Combat Management Systems
- C4I Systems
- Anti-Drone Command and Control Systems
- Air Defence Subsystems
- Integrated Platform Management Systems
- Integrated Vessel Management Systems
Through these innovative products and services, C2C Advanced Systems plays a pivotal role in enhancing India’s defense capabilities with next-generation technologies.
Get more information about the company @ http://www.c2c-as.com/
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C2C Advance IPO Details |
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| IPO opens on | 22 November 2024 |
| IPO closes on | 26 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4383600 Shares / Rs 99.07 Crore |
| * Fresh Issue | 4383600 Shares / Rs 99.07 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 219600 Shares |
| Net offer to Public | 4383600 Shares/ Rs. 94.11 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 214-226 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2082000 | 47.06 |
| NII (15%) | 624600 | 14.12 |
| RII (35%) | 1457400 | 32.93 |
| Total Shares | 4164000 | 94.11 |
| Retail portion will be oversubscribed by |
2429 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 600 Shares | Rs.135600 |
| Min HNI Application | 1200 Shares | Rs.271200 |
Who are the Promoters of C2C Advance?
The Promoters of the company are Kantilal Jethva and Bhavin Jethwa.
What are the Objects of C2C Advance IPO?
The Offer comprises of fresh issue of shares
The company intends to utilize the proceeds of the net issue in the following manner:
- 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.
- Towards fit-outs at the new premises at both Bengaluru and Dubai.
- Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
- To fund the working capital requirements of the Company.
- To fund expenditure towards general corporate purposes.
Tentative timetable |
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| IPO opens on | 22 November 2024 |
| IPO Closes on | 26 November 2024 |
| IPO Allotment on | 27 November 2024 |
| Refund Initiation | 28 November 2024 |
| Credit of Shares | 28 November 2024 |
| Listing on | 29 November 2024 |
| Registered Office of the Company C2C Advanced Systems Limited No.86, Wings of Eagles, SS Commercial Estate, Varthur Road, Nagavarapalya Main Road, C V Raman Nagar, Bengaluru 560093 |
| Who is the Lead Manager of this IPO? Mark Corporate Advisors Private Limited Beeline Capital Advisors Pvt Ltd |
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Who is the Registrar to IPO? Link Intime India Pvt LIMITED |
C2C Advance IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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C2C Advance IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 0.35 | -2.38 | ||
| 2022-23 | 8.07 | 2.87 | ||
| 2023-24 | 41.30 | 12.28 | 10.02 | |
| Book Value of the Share on 31.03.2024 |
Rs | 62.28 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 226 | ||
IPO
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| Price/EPS of 23-24 | 22.56 |
| Price/BV Ratio | 3.62 |
| Price/BV after IPO | |
How C2C Advance IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| C2C Advance | 10 | 22.56 | |
| Paras Defence | 10 | 116.89 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
C2C Advance IPO Review
C2C Advanced Systems Limited, formerly C2C – DB Systems Private Limited, was established in 2018 as a vertically integrated provider of defense electronics solutions. Based in India, the company specializes in developing cutting-edge, indigenously designed products for the defense sector. With expertise in C4I (Command, Control, Communications, and Intelligence) systems, AI/ML-driven big data analytics, enterprise integration of real-time data from IIoT (Industrial Internet of Things), and embedded/FPGA designs, C2C Advanced Systems is at the forefront of advancing defense technologies.
IPO Details: Size and Market Outlook
The IPO size is Rs. 99.07 crore, offering 4383,000 shares. While the size is relatively large compared to recent IPOs, the company’s strong business model and consistent growth trajectory make the IPO highly attractive. Given the “defence” term used in this IPO, the offering has the strong potential to be oversubscribed.
Strong Financial Performance and Reasonable Valuation
The company has incurred losses during 2021-22 whereas in the year prior to the IPO, it has earned net profit of Rs. 12.28 crore on the total income of Rs. 41.30 crore. The rise in the net profit in the year prior to the IPO widens the eyes. At the same time, “receivables” are on higher side. Considering these two aspects, IPO seems not to be quite attractive. However as compared to upper price band of Rs. 226, the current premium in the grey market is Rs. 220 and it may attract the investors to apply in this IPO.
+ from fundamental angle: So-so
+ from grey market angle: Attractive
Quicklinks
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C2C Advance IPO GMP grey market premium
C2C Advance IPO FAQs
What is C2C Advance IPO?
This is a SME IPO of 4383600 equity shares of the face value of Rs. 10 aggregating up to Rs.99.07 Crores. The issue is priced at Rs.214-226 per share. The minimum order quantity is 600 Shares.
When will C2C Advance IPO subscription open?
C2C Advance IPO opens on November 22, 2024, and closes on November 26, 2024.
What is the lot size of C2C Advance IPO?
C2C Advance IPO lot size is 600 Shares, and the minimum amount required is Rs.135600
How to apply for C2C Advance IPO?
You can apply in C2C Advance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is C2C Advance IPO allotment?
The finalization of Basis of Allotment for C2C Advance IPO will be done on November 27, 2024, and the allotted shares will be credited to your demat account by November 28, 2024.
When is C2C Advance IPO listing date?
C2C Advance IPO listing date is November 29, 2024.
