C2C Advanced Systems IPO: Following the end of the bidding process for C2C Advanced Systems IPO, wherein the company received a massive response from investors, the focus has now shifted to C2C Advanced Systems IPO allotment status.
As per the updated timeline for the issue period, the C2C Advanced Systems IPO allotment is likely to be finalised on or before November 29, 2024, with the listing expected to take place on or before December 3, 2024.
Once the C2C Advanced Systems IPO allotment is finalised, applicants can check the C2C Advanced Systems IPO allotment status online by logging in at the website of the registrar Link Intime India Private Limited.
Step 1: Go to the IPO registrar's website at Link Intime India.
Step 2: From the dropdown menu, select the C2C Advanced Systems IPO. The name will appear once the allocation process is complete.
Step 3: Choose your preferred option to check the status: Application Number, Demat Account, or PAN.
Step 4: Select whether your application is ASBA or non-ASBA.
Step 5: Enter the required details based on the option you selected in Step 3.
Step 6: Complete the CAPTCHA verification before submitting the form to view your allotment status.
C2C Advanced Systems successfully completed its IPO, garnering 125.35 times bids and raising ₹8,257.61 crore at the end of the final day of bidding on Tuesday, November 26.
The IPO received substantial participation across investor categories, with the Qualified Institutional Buyers segment oversubscribed 31.61 times, procuring ₹594.95 crore. The Non-Institutional Investors (NIIs) portion was oversubscribed 233.13 times with ₹3,290.81 crore procured, and the Retail Individual Investors oversubscribed 132.73 times, procuring ₹4,371.85 crore.
The funds raised will be used to enhance operations, expand market presence and support innovation.
C2C Advanced Systems IPO grey market premium or GMP stood at ₹120 on Wednesday, November 27, indicating a strong listing for the C2C Advanced Systems shares.
As per the current GMP, C2C Advanced Systems shares could list at ₹346, up 53 per cent over the IPO price of ₹226.
C2C Advanced Systems IPO is a book-built issue of ₹99.07 crore, consisting entirely of a fresh issue of 43.84 lakh shares. The IPO was priced between ₹214 to ₹226 per share.
Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd are the book-running lead managers, while Link Intime India Private Ltd is the registrar for the issue.
C2C Advanced Systems Limited, previously known as C2C – DB Systems Private Limited, is a vertically integrated provider of defence electronics solutions, specialising in indigenously developed defence products for the Indian market.
Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
