C2C Advanced Systems IPO Review

At C2C Advanced Systems, they take pride in offering a diverse range of products, professional services, and product engineering solutions to empower their clients with superior outcomes. For over 25 years, the technologists at C2C Advanced Systems have employed rigorous processes with utmost quality standards to deliver quality products and services to their customers globally.

The Promoters of the Company are C2C INNOVATIONS PRIVATE LIMITED, PVR MULTIMEDIA PRIVATE LIMITED, LAKSHMI CHANDRA, MAYA CHANDRA, SUBRAHMANYA SRINIVASA NARENDRA LANKA, KURIYEDATH RAMESH AND MURTAZA ALI SOOMAR.

The Revenues from operations for the Fiscals 2024, 2023 and 2022 were ₹4,129.82 Lakhs, ₹806.73 Lakhs and ₹34.79 Lakhs, respectively. The EBITDA for the Fiscals 2024, 2023 and 2022 were ₹1,856.45 Lakhs, ₹386.20 Lakhs and ₹-208.30 Lakhs, respectively. The Profit after Tax for the Fiscals 2024, 2023 and 2022 was ₹1,227.69 Lakhs, ₹287.52 Lakhs and ₹-238.21 Lakhs, respectively.

For the C2C Advanced Systems IPO, the company is issuing shares at a pre-issue EPS of ₹15.85 and a post-issue EPS of ₹7.37. The pre-issue P/E ratio is 13.50x, while the post-issue P/E ratio is 29.30x against the Industry P/E ratio is 116.89x. The company's RoE for FY24 is 16.21%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of C2C Advanced Systems showing potential listing gains of 0%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the C2C Advanced Systems Limited IPO for Listing gain or long term investment purposes.
Update : C2C Advanced Systems IPO Listing Delayed as SEBI Mandates Independent Auditor Appointment 

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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