A company needs to hire an independent auditor for financial clarifications and unbiased reports told by market regulators. However company provided a clear statement to NSE, they have already hired independent auditors and reports will be provided within 2 or 3 days.
New C2C Advanced Services Allotment Date: November 29, 2024, Friday
New C2C Advanced Services Listing Date: December 2, 2024, Tuesday
Additionally, NSE has decided to establish a monitoring agency for C2C advanced companies to check how funds are used after listing and listing has been postponed until independent auditors of C2C submit a report to the NSE/SEBI, the notice said.
However, C2C Advanced IPO are going to be listed on 03 December. Still, the company gave statements that investors can withdraw by 3 PM on November 28th.
However, this IPO has great demand despite SEBI’s directive, The issue was oversubscribed by 125.43 times, with investors bidding for 36,56,00,400 shares, while only 29,14,800 shares were available.
C2C Advanced Systems IPO GMP stood at Rs 160 as of 9:27 a.m. on Thursday, as per InvestorGain.
The IPO has decided to list higher than the price band of Rs 386 with a premium of 70.80%.
Here is a process for bidders to withdraw money
Investors can contact with bank or broker through they have applied for this application.
Please submit your request to withdraw the bid, and make sure that all details are accurate to ensure a seamless process.
The intermediary will proceed to cancel your submitted application on the NSE website.
After that, you will get the transaction Registration Slip as a confirmation for your refund.
