IPO Issue Details
Issue Price / Price Band₹226 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size43,83,600 shares (aggregating up to ₹99.07 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 22 Nov 2024
Subscription CloseTue, 26 Nov 2024
Anchor AllotmentThu, 21 Nov 2024
Basis of AllotmentFri, 29 Nov 2024
Initiation of RefundsMon, 02 Dec 2024
Credit of Shares to DematMon, 02 Dec 2024
Listing DateTue, 03 Dec 2024
UPI Mandate Deadline2024-11-26
Application & Investment Details
Retail — Min (1 Lots)₹1,35,600 — 600 shares
Retail — Max (13 Lots)₹1,762,800 (13 Lots)
HNI — Min (2 Lots)₹2,71,200 — 1200 shares
EPS (Pre-IPO)₹10.02
EPS (Post-IPO)₹11.69
P/E Ratio (Pre-IPO)22.56x
P/E Ratio (Post-IPO)19.33x
Net Offer to Public41,64,000 shares (aggregating up to ₹94.11 Cr)
Reserved for Market Maker2,19,600 shares (aggregating up to ₹4.96 Cr
Pre-IPO Promoter Holding1,22,57,568 shares
Post-IPO Promoter Holding1,66,41,168 shares
About C2C Advanced Systems Ltd.
C2C Advanced Systems Limited, formerly known as C2C – DB Systems Private Limited, incorporated in 2018, is a vertically integrated defense electronics solutions provider catering to the indigenously developed defense products industry in India. The company's core competencies include C4I systems for effective situational awareness and decision support, AI/ML based big data analytics, enterprise integration of real-time data from IIOT, and embedded/FPGA designs.The company's business model for digital transformation focuses on four main services:Virtual Supply Chain: The company provides software development based on real-time and continuous data provided by various sensors, generating usable data that is immediately actionable.Virtual logistics: The company delivers using commercial off-the-shelf (COTS) electronic boards and complex engineering to integrate and deliver in an engineered enclosure that can withstand harsh environmental conditions (subsystems)Virtual Maintenance: The company integrates various subsystems to deliver systems that extract real-time data and create situational awareness for defense leadership to take action (systems).Application of AI/ML technologies in all offerings and as standalone product development and engineering.The company's product list includes Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defence Subsystems, Integrated Platform Management Systems and Integrated Vessel Management Systems.Competitive strengths:A broad range of products and solutions for defense applicationsStrong R&D capabilities with a focus on innovationWell positioned to benefit from the government initiatives “Atmanirbhar Bharat” and "Make in India"Strong relationships with a diverse and global customer baseExperienced management teamAs of October 30, 2024, the company employed 190 employees.
Objects of the Issue
C2C Advanced Systems Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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.
2
Towards fit-outs at the new premises at both Bengaluru and Dubai.
3
Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
4
To fund the working capital requirements of the Company.
5
To fund expenditure towards general corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,22,57,568 shares
Post-IPO Promoter Holding
1,66,41,168 shares