C2C Advanced Systems IPO subscription started on Friday November 22, and will close on November 26 as per the schedule. The price band is set at ₹214 to ₹226 per share with a face value of ₹10.
C2C Advanced Systems IPO Subscription Status
C2C Advanced Systems IPO Subscribed over 26.84x on its First day till 05.00 PM on 22nd November.
- C2C Advanced Systems IPO subscription QIB investors portion is 0.53x times, while NII subscribed 26.48x times and RII investors subscribed 41.81x times.
- The company has received bids for 7,80,68,400 shares against 29,14,800 shares on offer on the First day.
- C2C Advanced Systems IPO Subscribed over 26.84x on day 1.
About C2C Advanced Systems IPO
C2C Advanced Systems is India, a leading player in the domain of cutting-edge technology systems for the defense, security, and aerospace sectors. It is a pre-eminent domain agnostic technology company focused on “Intelligent Platform” as a very unique position to dominate this space. They have a technological advantage over their existing competitors, as reflected in their higher margins and globally competitive offerings. The company has expertise in all types of architecture design, data acquisition, data analytics, and modeling. They have a good and latest expansion strategy to build their next domain in “Digital transformation” which is based on sensors in applications such as Industry 4.0 and transportation. Their success of selling and executing their “Combat Management System” (CMS) to Royal Malaysian Navy against stiff competition from most established global Platform players is a testament to their capabilities.
C2C Advanced Systems IPO Company Financial Report
The company reported revenue of ₹41.06 Crore in 2024 against ₹8.07 Crore in 2023. The company reported a profit of ₹12.28 crores in 2024 against a profit of ₹2.88 crores in 2023.
C2C Advanced Systems IPO GMP:
C2C Advanced Systems IPO GMP was ₹200 as of Friday, November 22. That indicates the IPO is trading at ₹426 with ₹200 premium in the grey market against the issue price of ₹226.
