C2C Advanced Systems IPO GMP: Unlisted shares of C2C Advanced Systems Limited in the gray market at Rs. 471 which was trading at Rs. 226 over the issue price of Rs. 245 or 108.41 percent more.
C2C Advance System IPO: The initial public offering of defense electronics solutions provider C2C Advanced Systems, which opened on November 22, has received over 43 times subscription so far. Till 10:54 am, Rs. 99.07-crore SME IPO received bidding for 12,64,53,000 shares as against 29,14,800 shares offered.
The IPO will close on November 26. Its price band is Rs. 214 to Rs. 226 has been determined in the range.
So far, the retail investors category has received 66.24 times subscription, while the non-institutional investors (NII) portion has received 47.17 times subscription. Its QIB category has received 0.54 times subscription.
C2C Advanced Systems IPO GMP Today
According to market watchers, unlisted shares of C2C Advanced Systems Ltd traded in the gray market on Monday at Rs. 471 which was trading at Rs. 226 over the issue price of Rs. 245 or 108.41 percent were more. A huge GMP of Rs 245 indicates a blockbuster listing of the IPO.
GMP is dependent on market sentiments and is subject to change. The ‘grey market premium’ represents the willingness of investors to pay more than the issue price.
C2C Advance Systems IPO: More Details
The C2C Advance Systems IPO is a fresh issue of fully 43.84 lakh shares.
The IPO, which opened on November 22, is available for public subscription till November 26, 2024. Its allotment is expected to end on Wednesday, November 27, 2024. The shares will be listed on the NSE SME with a tentative listing date set. Friday, November 29, 2024.
The price band of C2C Advanced Systems IPO is Rs. 214 to Rs. 226 per share has been fixed. Minimum lot size for application is 600 shares. The minimum investment required by retail investors is Rs. 135,600 is The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to Rs. 271,200 is
Mark Corporate Advisors Pvt Ltd and Beeline Capital Advisors Pvt Ltd are the book running lead managers of the C2C Advanced Systems IPO, while Link Intime India Pvt Ltd is the registrar for the issue. The market maker for the C2C Advanced Systems IPO is Spread X Securities.
Between the financial years ended March 31, 2024 and March 31, 2023, the company’s revenue grew by 412 percent and profit after tax (PAT) by 327 percent.