C2C Advanced Systems IPO: Key Dates, Details, and Objectives
C2C Advanced Systems IPO: Key Details
C2C Advanced Systems, an Indian leader in defense, security, and aerospace technology, is launching its IPO on the NSE SME platform.
Key Dates
| Event | Date |
|---|---|
| IPO Open Date | November 22, 2024 |
| IPO Close Date | November 26, 2024 |
| Allotment Date | November 27, 2024 |
| Refund | November 28, 2024 |
| Listing Date | November 29, 2024 |
IPO Details
- Issue Size: ₹99.07 crores (approx.)
- Price Band: ₹214 to ₹226 per share
- Face Value: ₹10 per equity share
- Listing Platform: NSE SME
- Retail Quota: 35%
- QIB Quota: 50%
- HNI Quota: 15%
- Minimum Application Lot Size: 600 shares
- Minimum Application Amount: ₹135,600
- Registrar: Link Intime India Pvt Ltd
- Lead Managers:
- Mark Corporate Advisors Private Limited
- Beeline Capital Advisors Private Limited
About C2C Advanced Systems
C2C Advanced Systems specializes in cutting-edge technologies for defense, security, and aerospace, positioning itself as a domain-agnostic technology company with expertise in:
- Architecture design
- Data acquisition and analytics
- AI/ML applications
Achievements:
- Delivered Combat Management Systems to the Royal Malaysian Navy.
- Expanding into Digital Transformation for Industry 4.0 with a focus on virtual supply chain, logistics, and maintenance.
Financial Highlights
| Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
|---|---|---|
| 2023 | 8.07 | 2.88 |
| 2024 | 41.06 | 12.28 |
Objects of the IPO
Proceeds will be used for:
- Procuring hardware and software for operations.
- Developing fit-outs for new Bengaluru premises and Dubai Experience Centre.
- Working capital and general corporate purposes.