C2C Advanced Systems Ltd, with over 25 years of expertise, delivers technology-driven products, services, and engineering solutions globally. Known for its rigorous quality standards, the company serves various industries with an emphasis on superior outcomes.

The IPO is a Book Built Issue, aiming to raise ₹94.68 crores through a fresh issue of 43.83 lakh shares.

IPO Details

• Issue Type: Book Built Issue
• Price Band: ₹214–₹216 per share
• Subscription Period: November 22–26, 2024
• Lot Size: 600 shares
• Minimum Investment: ₹1,29,600 (Retail); ₹2,59,200 (HNIs)
• Listing: NSE SME platform on November 29, 2024

At the upper price band, C2C Advanced Systems’ market capitalization will stand at ₹359.44 crores.

Company Overview

Promoted by C2C Innovations Private Limited, PVR Multimedia Private Limited, and experienced individuals including Lakshmi Chandra and Subrahmanya Srinivasa Narendra Lanka, C2C Advanced Systems caters to industries through its engineering and technology-focused solutions.

The company is expanding its footprint with new Experience and Training Centers in Bengaluru and Dubai, underscoring its global aspirations.

Financial Performance

The company has demonstrated impressive growth, transitioning from losses in FY22 to strong profitability in FY24.

Objectives of the IPO

The proceeds will be utilized as follows:

1. Capital Expenditure: ₹1,473.10 lakhs for fixed assets and setting up Experience and Training Centers.
2. Fit-Outs: ₹458.00 lakhs for new premises.
3. Security Deposits: ₹160.00 lakhs for Bengaluru premises.
4. Working Capital: ₹4,600.00 lakhs for operational requirements.
5. General Corporate Purposes: Remaining funds.

Grey Market Premium (GMP)

The GMP for C2C Advanced Systems’ IPO is ₹0 as of now. However, market sentiment suggests potential listing gains of 46%, reflecting optimistic investor interest in the technology sector.

Valuation Analysis

• Pre-Issue EPS: ₹15.85
• Post-Issue EPS: ₹7.37
• Pre-Issue P/E: 13.50x
• Post-Issue P/E: 29.30x
• Industry P/E: 116.89x

The IPO is fully priced, with its valuation reflecting growth potential rather than underpricing.

Subscription and Allotment Details

• Subscription Opens: November 22, 2024
• Subscription Closes: November 26, 2024
• Allotment Date: November 27, 2024
• Listing Date: November 29, 2024

Investors can check allotment status on the registrar’s website (Link Intime India Private Limited) by following these steps:

1. Visit the IPO allotment status page.
2. Select C2C Advanced Systems Limited IPO.
3. Enter your application number, PAN, or DP Client ID.
4. Submit the details to view your allotment.

Conclusion

C2C Advanced Systems Limited is positioned as a promising player in the technology and engineering solutions sector. Its strong financial recovery, ambitious expansion plans, and favorable GMP signal good potential for listing gains.

We recommend investors apply for the IPO, with opportunities for both short-term listing gains and long-term investment growth.

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

The Current active IPO are Zinka Logistics Solution (Black Buck), and Onyx Biotec.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.