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.

C2C Advanced Systems, an Book Built Issue amounting to ₹94.68 Crores, consisting entirely an Fresh Issue of 43.83 Lakh Shares. The subscription period for the C2C Advanced Systems IPO opens on November 22, 2024, and closes on November 26, 2024. The allotment is expected to be finalized on or about Wednesday, November 27, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, November 29, 2024.

The Share price of C2C Advanced Systems IPO is set at ₹214 to ₹216 per equity share. The Market Capitalisation of the C2C Advanced Systems Limited at IPO price of ₹216 per equity share will be ₹359.44 Crores. The lot size of the IPO is 600 shares. Retail investors are required to invest a minimum of ₹1,29,600, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,200 shares), amounting to ₹2,59,200.

Beeline Capital Advisors Private Limited and Mark Corporate Advisors Private Limited are the book-running lead manager while Link Intime India Private Limited is the registrar for the Issue. Spread X Securities Private Limited is Market Maker for the C2C Advanced Systems IPO.

C2C Advanced Systems Limited IPO GMP Today
The Grey Market Premium of C2C Advanced Systems Limited IPO is expected to be ₹104(46%) based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

C2C Advanced Systems Limited IPO Live Subscription Status Today: Real-Time Updates
C2C Advanced Systems IPO will be open for its subscription on 22 November, 2024.

C2C Advanced Systems Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
C2C Advanced Systems IPO allotment date is 27 November, 2024, Wednesday. C2C Advanced Systems IPO Allotment will be out on 27th November 2024 and will be live on Registrar Website from the allotment date. Check C2C Advanced Systems IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select C2C Advanced Systems Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of C2C Advanced Systems Limited IPO
C2C Advanced Systems Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1) ₹1,473.10 Lakhs is required for the Funding of capital expenditure towards purchase of fixed assets (both hardware and software) for their 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. ₹458.00 Lakhs is required Towards fit-outs at the new premises at both Bengaluru and Dubai
3. ₹160.00 Lakhs is required for the Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India
4. ₹4,600.00 Lakhs is required to fund the working capital requirements of their Company; and
5. To fund expenditure towards general corporate purposes.

Refer to C2C Avanced Systems Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

Listing services

The Upcoming IPOs in this week and coming weeks are NTPC Green, Lomosaic India, C2C Advanced System, Rosmerta Digital, Avanse Financial and Nisus Finance.

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The Closed IPOs are Mangal Compusolution, Neelam Lines and Garments, Niva Bupa Health, Swiggy, ACME Solar Holdings, Sagility India Limited.

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About C2C Advanced Systems Limited

C2C Advanced Systems Limited is a vertically integrated Defence electronics solutions provider catering to the indigenously developed defence products industry in India. They at C2C have developed several offerings which cater to the entire spectrum of defence platform both in the air and in the sea. They have design capabilities across the entire spectrum of strategic defence solutions including processors, power, radio frequencies (“RF”), radars and microwave, embedded software and firmware. Their core competencies include hardware design and development, software design and development, firmware design and development, mechanical design and development, product prototype design and development, functional testing and validation, environment testing and verification and engineering services opportunities. They have end-to-end capabilities to build and deliver complete systems, with their design and manufacturing capabilities being completely in-house. Their key domain expertise includes 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 specializes in delivering bespoke software, hardware and firmware solutions which are driven by their own Intellectual Property and third-party partners. Leveraging their key expertise in design and development of mission critical systems, they have made significant forays in developing ‘dual-use’ solutions with focus on Industry 4.0 products with focus on providing AI/ML based advanced analytics solutions to our esteemed customers in civilian sector in the realm of manufacturing. At C2C Advanced Systems, the management team has over 100 Man years of deep domain knowledge of the Military systems- past present and the future. This includes over 35 years each for their two leadership team members and over 25 years experience in 6 of their mid management team. 
 
The business model on Digital transformation centre around four main deliveries:
• Virtual supply chain : They deliver software development based on real-time and continuous data that is delivered by various sensors and generate usable data that is actionable immediately.
• Virtual logistics : They deliver using commercial off the shelf (COTS) electronic boards and complex engineering to integrate and deliver in a engineered enclosure which can withstand harsh environmental conditions (Sub systems)
• Virtual maintenance : They integrate various subsystems to deliver systems that extract real time data and deliver situational awareness that Defence leadership can take action on (Systems)
• Application of AI/ML technologies across all offerings and as standalone product development and engineering

As of October 30, 2024, the Company employed 190 employees and breakdown of their full-time employees. The Bankers of the C2C Advanced Systems are Axis Bank Limited, Kotak Mahindra Bank Limited and IndusInd Bank Limited.

Indian Defence Sector
The Indian Defence ecosystem is a confluence between the Government and the defence manufacturing industry. Ministry of Defence has set a target of achieving a turnover of US$ 25 million in aerospace and defence manufacturing by 2025, which includes US$ 5 billion in exports.

• The government has set a target of achieving defence manufacturing worth Rs. 1,75,000 crore (US$ 21.14 billion), including defence exports of Rs. 35,000 crore (US$ 4.22 billion) by 2024-25.
• The Union Budget for Financial Year 2023-24 envisages an outlay of Rs. 5,93,537.64 crore (US$ 72.2 billion), which is 13.18 % of the total budget. This includes an amount of Rs. 1,38,205 crore (US$ 16.8 billion) for Defence Pensions. The total Defence Budget represents an enhancement of Rs. 68,371.49 crore (US$ 8.3 billion (13%) over the Budget of 2022-23.
• Over the next 5-7 years, the Government of India plans to spend US$ 130 billion for fleet modernisation across all armed services.

Over last decade, the defence, security and aerospace sectors in India have assumed position of immense strategic importance. Realizing the vital importance, the Indian government under the leadership Hon. PM Modi has laid out the goal of joining the select group of top global producers of defence, security and aerospace equipment and systems by the year 2025.The Government is embarked on serious reforms through various policy initiatives encouraging private sector to take the lead in building a globally competitive Military Industrial complex.

India’s defence and security sector is on a cusp of explosive growth. In addition, the internal and external security challenges of the country and the world continue to increase exponentially. Given this background, the need to build capacity in architecting, design and development of mission critical systems with unwavering focus on imbibing emerging technologies, cannot be over emphasised.

The true measure of a nation’s security lies in its ability to design and develop solutions that enable Defence and security architecture use advanced technologies to meet its strategic objectives. The Indian defence and security sector must usher into an era of self-reliance (Atmanirbharta) through homegrown innovations and partners who have a stake in participating in this growth.

This self-reliance must encompass the entire gamut of systems and sub-systems including, emerging areas as Integrated platforms (system of systems) for delivering situational awareness, mission planning, and command & control of diverse systems and sub-systems across multiple domains and theatres. Collaborations with global systems developers is critical as it will be mutual win-win as Indian resources can lower their cots for global sales while India gets competent to support their endeavours. Indian Defence will invest over US$ 220 billion in acquiring platforms, technologies and Software over the next 7-8 years.

Indian Defence Production Value
The value of defence production in the country crossed Rs. 1 lakh crore (US$ 12 billion) for the first time on the back of key reforms to spur growth in the sector that holds vast potential. The figure stood at Rs. 1,08,330 crore (US$ 13.07 billion) in FY23 compared to Rs. 95,000 crore (US$ 11.47billion) in FY22 and Rs. 54,951 crore (US$ 6.63 billion) five years ago. The Indian defence sector is one of the world’s largest and most profitable industries, with a 10-year pipeline of over US$ 223 billion in aerospace and defence capital expenditure and a projected medium-term investment of US$ 130 billion. The Draft Defence Production and Export Promotion Policy (DPEPP) was published in 2020, with the ambitious goal of increasing defence turnover from approximately Rs. 80,000 crore (US$ 10 billion) in 2019-20 to approximately Rs. 1,75,000 crore (US$ 21.87 billion) by 2025, including the export of Rs. 35,000 crore (US$ 4.37 billion). Among the large defence programs expected to be shifted to “Buy Global – Manufacture in India” are 114 multirole fighter aircraft (MRFA), with a gradual increase in domestic production. The FDI maximum in defence manufacturing under the automatic route has been raised from 49% to 74% (for new investments requiring an industrial licence), allowing foreign firms to establish manufacturing units with a greater degree of ownership and control.

Defence Import
Indian government endeavours to boost indigenous defence manufacturing. India ranks fourth among 12 Indo-Pacific nations in self-reliant arms production capabilities, according to a study released this month by the Stockholm International Peace Research Institute (SIPRI). Hindustan Aeronautics Ltd, Indian Ordnance Factories, Bharat Electronics, Mazagaon Docks and Cochin Shipyard are among the major Indian arms servicing companies. Ashok Leyland, one of the largest suppliers of trucks to the Indian Army, is the only company ranked in the top 50 in the Indo-Pacific. To support the domestic defence industry the government aims to ensure transparency, predictability, and ease of doing business by creating a robust eco-system and supportive government policies. Towards this end the government has taken steps to bring about de-licensing, de-regulation, export promotion and foreign investment liberalisation. Ministry of Defence has also notified three 'Positive Indigenisation lists' comprising of 310 defence equipment to be manufactured locally. Additionally, to promote export and liberalise foreign investments FDI in Defence Sector has been enhanced up to 74% through the Automatic Route and 100% by Government Route. ▪ The government has also announced two dedicated Defence Industrial Corridors in the States of Tamil Nadu and Uttar Pradesh to act as clusters of defence manufacturing that leverage existing infrastructure, and human capital.

India’s defence manufacturing is poised on a transformational cusp. Many of the impediments of the past which retarded progress in the past are being addressed. The MoD has set ambitions targets for indigenisation and its recent polices are aimed at revitalising this sector with a focus on innovation, technology development, exports, enhancing existing capacity and improving efficiencies in defence manufacturing. Restructuring within the MoD towards improving efficiency and quality is an encouraging development, The entry of the private sector also bodes well for the future. However, there are still areas where the pace of change could be accelerated. The emergence of India as a defence manufacturing hub not only to meet its own security requirements for India but for the entire region will depend on the MoD’s ability and inclination to walk the talk in ensuring that its progressive policies are implemented in both, letter and spirit.

C2C ADVANCED SYSTEMS LIMITED COMPETITIVE STRENGTHS
1. Wide Range of Products and Solutions for Defence Applications
2. Strong R&D Capabilities with a Focus on Innovation 
3. Well Positioned to Benefit from the Government’s “Atmanirbhar Bharat” and ‘Make in India’ Initiatives
4. Strong Relationships with a Diverse and Global Customer Base
5. Experienced Management Team

C2C ADVANCED SYSTEMS LIMITED STRATEGIES
1. Strengthen their Foothold in India’s Expanding Market 
2. Leveraging their Market Skills and Relationships 
3. Strengthening their Business through Effective Branding, Promotional and Digital Activities 
4. Delivering Excellence through Innovation

C2C ADVANCED SYSTEMS LIMITED RISK FACTORS & CONCERNS
1. The business has a significant proportion of their domestic revenues dependent on contracts from the GoI and associated entities including defence public sector undertakings and government organizations involved in Defence. 
2. They are having a high trade receivable days and high trade payables days in the last 2 financial years.
3. A major portion of their revenue is from projects undertaken with Government entities or agencies, contracts of which usually contain terms that favour the clients.
4. They depend on exports for a significant portion of their revenue.
5. There has been a delay in the deposit of Tax Deducted at Source.