The IPO market in 2024 is buzzing with excitement. From big companies to small ones, everyone is stepping up to raise funds through IPOs. And it makes sense – raising money this way helps businesses grow and expand. Adding to the list, C2C Advanced Systems Ltd is all set to launch its IPO. Let’s take a closer look at what this IPO has to offer.
C2C Advanced System is going to launch its IPO. Its opening date is 22 November, 2024. It will close on 26 November, 2024. This is going to be a book-built issue. Through its first public offering (IPO), the company aims to collect about ₹99.07 crores. This is a completely fresh issue of 4383600 shares worth ₹99.07 crores with no offer for sale involved. The company plans to use the funds raised for its business expansion and other corporate purposes. The face value of shares is ₹10 per equity share. The price band of C2C Advanced SystemIPO is between ₹214 to ₹226 per share.
IPO Key Highlights
IPO Opening and Closing Date | November 22, 2024 to November 26, 2024 |
IPO Price Range | Rs 214 to Rs 226 Per Share |
Face Value of Share | Rs 10 Per Share |
Net Issue Size Offered | 4383600 Shares amounting up to ₹99.07 Cr. |
Fresh Issue | 4383600 Shares amounting up to ₹99.07 Cr. |
Offer For Sale | N/A |
Listing at | NSE SME |
Issue Type | Book Built Issue IPO |
IPO DRHP | Click Here |
IPO RHP | Click Here |
Important IPO Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | 22 November, 2024 (Friday) |
| IPO Closing Date | 26 November, 2024 (Tuesday) |
| Allotment Date | 27 November, 2024 (Wednesday) |
| Refund Initiation | 28 November, 2024 (Thursday) |
| Credit of Shares in Demat Account | 28 November, 2024 (Thursday) |
| Listing Date | 29 November, 2024 (Friday) |
What is GMP of C2C Advanced System IPO Today?
As of December 02, 2024, the Grey Market Premium (GMP) for the C2C Advanced System IPO is ₹240. This indicates that the shares are expected to list at approximately ₹466 per share. Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standings
| Period | Period Ended 30 September, 2024 | Financial Year 2024 | Financial Year 2023 | Financial Year 2022 |
|---|---|---|---|---|
| Total Assets | 11,058.01 | 8,583.51 | 1,849.78 | 903.18 |
| Total Revenue | 4,324.97 | 4,129.82 | 806.73 | 34.79 |
| Total Expense | 3,016.17 | 2,470.22 | 515.86 | 274.58 |
| Profit After Tax | 972.99 | 1,227.69 | 287.52 | (238.21) |
| Company’s Net Worth | 8,618.72 | 7,645.73 | 252.14 | (136.57) |
| Total Reserves & Surplus | 7,392.96 | 6,419.97 | 102.14 | (186.58) |
The company’s total assets grew steadily from ₹903.18 crore in FY 2022 to ₹11,058.01 crore by September 2024, showing strong business growth. Revenue also increased significantly from ₹34.79 crore in FY 2022 to ₹4,324.97 crore by September 2024, reflecting rapid expansion. While expenses rose from ₹274.58 crore in FY 2022 to ₹3,016.17 crore in FY 2024, they remained in line with revenue growth, ensuring financial stability. After a loss of ₹238.21 crore in FY 2022, the company turned profitable, achieving ₹972.99 crore in profit by September 2024, indicating a successful recovery and potential for steady profits.
Company's Key Metrics (FY 2024)
| Key Performance Indicator | Value (FY 2024) |
|---|---|
| Price to Book Value | 3.1 |
| EBITDA Margin (%) | 45.21% |
| After Tax Profit Margin (%) | 29.90% |
| Debt to Equity Ratio | 0.15 |
| Return on Net Worth (RoNW) | 16.21% |
| Net Asset Value (NAV) | 62.38 |
Company Business Overview
C2C Advanced Systems Limited is a leading defense electronics company with a strong foundation in providing advanced solutions for the air and sea domains. Established with a vision to support India’s defense sector, the company has grown into a reliable partner, offering cutting-edge systems like radars, power solutions, processors, and RF technology.
Over the years, C2C has built expertise in designing, developing, and manufacturing complex systems, handling projects from initial design to final delivery. The company leverages a blend of proprietary technologies and third-party tools to deliver tailored solutions that meet the evolving needs of the defense sector. It has also played a significant role in modernizing legacy systems, ensuring enhanced performance and extended utility.
Lot Size and Application Amount
Application | Lot | Number of Shares | Amount (in ₹) |
Retail Investor (Min. Lot) | 1 | 2000 | 122000 |
Retail Investor (Max Lot) | 1 | 2000 | 122000 |
HNI (Min. Lot) | 2 | 4000 | 244000 |
Retail investors are eligible to submit bids for a minimum of one lot, containing 6000 shares, amounting to ₹144000. On the other hand, HNI can apply for a minimum of 2 lots comprising of 12000 shares amounting to ₹288000.
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Total Issue |
| Shares Reserved for Retail Investors | 35% of the Total Issue |
| Shares Reserved for Non-Institutional Investors | 15% of the Total Issue |
Net Cash Flow Overview
| Net Cash Flow | For the Period Ended May 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | -2,677.44 | -3,527.20 | -481.00 | -415.81 |
| Net Cash Flow from Investing Activities | -0.55 | -82.05 | -11.01 | -4.53 |
| Net Cash Flow from Financing Activities | 1,329.02 | 5,149.62 | 488.46 | 413.70 |
| Net Increase/(Decrease) in Cash | -1,348.97 | 1,540.37 | -3.56 | -6.63 |
Project-wise Revenue Breakdown
| Projects | March 31, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| Revenue from Government Projects | 57.61 (1.42%) | 88.51 (11.00%) | 14.27 (41.13%) |
| Revenue from Non-Government Projects | 3,978.47 (98.58%) | 716.36 (89.00%) | 20.42 (58.87%) |
| Total Revenue | 4,036.08 | 804.87 | 34.69 |
Revenue Segmentation: Domestic vs. Overseas
| Sales Type | March 31, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| Domestic Sales | 1,016.26 (24.75%) | 90.07 (11.19%) | 34.69 (100.00%) |
| Overseas Sales | 3,089.62 (75.25%) | 714.80 (88.81%) | 0.00 (0.00%) |
| Total Revenue | 4,105.89 (100%) | 804.87 (100%) | 34.69 (100%) |
Peer Comparison: EPS, PE Ratio, and Face Value
| Metric | C2C Advanced Systems Ltd (FY 2024) | Paras Defence and Space Technologies Ltd (FY 2024) |
|---|---|---|
| Basic EPS (₹) | 15.85 | 8.77 |
| PE Ratio | * | 116.89 |
| Face Value (₹) | 10 | 10 |
Key Objectives of Fundraising
- To meet the company’s working capital requirements.
- For general corporate purposes.
Core Strengths of the Company
- The company has a strong order book, ensuring continuous revenue.
- It offers a wide range of products and services, which reduces reliance on a single market.
- The management team of the company is experienced and energetic to work.
- The company uses advanced technologies which allows it to stay ahead of competitors.
- The company enjoys solid relationships with its customers.
Company's Weak Points
- The company relies heavily on contracts from government institutions. Any changes in government policies can impact its revenues.
- The business faces foreign exchange risks due to its involvement in export.
- The delivery of raw materials and finished products is made by third parties, and any kind of quality issues from their side may harm the company’s reputation.
Management & Promoter Group of C2C Advanced System
- Murtaza Ali Soomar
- Lakshmi Chandra
- PVR Multimedia Private Limited
- Kuriyedath Ramesh
- C2C Innovations Private Limited
- Subrahmanya Srinivasa Narendra Lanka
Lead Managers of the IPO
- Mark Corporate Advisors Private Limited
- Beeline Capital Advisors Private Limited
Registrar of the IPO
Purva Sharegistry (India) Pvt. Ltd.
Email: support@purvashare.com
Website: www.purvashare.com
Company Contact Details
Registered Office:
No. 86, Wings of Eagles, SS Commercial Estate,
Varthur Road, Nagavarapalya Main Road,
C V Raman Nagar, Bengaluru – 560093, Karnataka, India
Email: compliance@c2c-as.com
Telephone: +91 80 4372 4052
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C2C Advanced Systems IPO: All You Need to Know
- What is the opening and closing date for the C2C Advanced Systems IPO?
The IPO opens on 22 November, 2024 (Friday) and closes on 26 November, 2024 (Tuesday). - What is the price band for the C2C Advanced Systems IPO?
The price band for the C2C Advanced Systems IPO is set between ₹214 and ₹226 per share - What is the minimum lot size for retail investors in the C2C Advanced Systems IPO?
Retail investors need to bid for a minimum of 600 shares, which amounts to an investment of ₹135,600 - Who are the lead managers for this IPO?
The lead managers for this IPO are Mark Corporate Advisors Private Limited and Beeline Capital Advisors Private Limited. - Who is the registrar for the C2C Advanced Systems IPO?
The registrar is Purva Sharegistry (India) Pvt. Ltd.. - What are the main objectives of the IPO?
The funds will primarily be used for working capital requirements and general corporate purposes. - On which stock exchanges, the shares will be listed?
The shares will be listed on the BSE SME Exchange. - What is the total issue size for the C2C Advanced Systems IPO?
The total issue size is 4383600 equity shares worth 99.07 Cr. - When will the allotment and refund process begin?
The allotment is scheduled for 27 November, 2024, and refunds will begin on 28 November, 2024. - When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on 28 November, 2024.
11. What is the expected listing date for the IPO?
The shares are expected to list on the stock exchange on 29 November, 2024 (Friday).
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the C2C Advanced System IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
GMP figures are volatile and may not accurately represent the future value or performance of the stock. Investors are advised not to make investment decisions solely based on GMP.
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