C2C Advanced Systems IPO Update, Notice NSE/LIST/3837E dated November 25, 2024

Notice Date: Date: 25th Nov 2024

Dear Investor,

“We refer to the directions received from National Stock Exchange of India Limited (“NSE”), vide letter no. NSE/LIST/3837E dated November 25, 2024. Accordingly, the issuer company is giving an option to withdraw the application from this IPO. Please contact your broker/ASBA banker through whom the bid was placed. This email is to be read along with the Red Herring Prospectus dated November 11, 2024, corrigendum dated November 20, 2024, and November 24, 2024.

Procedure for withdrawal of application/bid:

Step 1: Investor to approach the Designated Intermediary for withdrawal of its application/bid;

Step 2: Designated Intermediary to acknowledge the request received from the investors;

Step 3: Designated Intermediary based on the request received to cancel the bid on the National Stock Exchange of India Limited (“NSE”) Portal;

Step 4: Designated Intermediary to receive the acknowledgement (TRS slip) received from NSE, as required.

For online applications you can contact customer care/helpline numbers of respective service providers.

We request you provide the following details of Sole / First Bidder or Applicant:

Name
Application No
PAN
Mobile No
Email ID
No of Shares applied for
Bank Name

You can also mention the details of your broker/bidder, in case you are not able to place your bid (withdrawal) on their platform.

Your reply with the above details should be addressed to us at our email, [email protected] and in the subject line please mention PAN Number of the sole / first bidder/applicant with the wording withdrawal. It should read us XXXXX1234F -Appl. No. XXXXXXXX Withdrawal request”.

In case if any further clarifications or details are required please contact on [email protected], [email protected], [email protected] and [email protected].

Last day for withdrawal of application/bids: Thursday, November 28, 2024 before 3:00 PM.

C2C IPO Update

Date: 25 Nov 2024

Sebi has asked company for three action points:

1. Company to appoint Independent auditors and get an independent report of financial accounts. Co has already appointed the auditor and report will come in 2-3 days.
2. Company to give option to the investors (including anchors) who are subscribing to the IPO to withdraw their applications if they want. Before share allocation will happen. No new subscription will happen.
3. NSE will have a monitoring agency set up on usage of funds post listing.

IPO listing will be postponed till independent auditor submits report to NSE/SEBI.

C2C Advanced Systems IPO Subscribed over 107.59x on its second day till 05.00 PM on 25th November.