The C2C Advanced Systems IPO has captured investors’ attention, with its allotment process eagerly anticipated. After receiving an overwhelming response during the subscription phase, the IPO’s allotment status is set to be finalized by November 29, 2024. Investors are keenly watching for listing details, expected on or before December 3, 2024.
The IPO, priced between ₹214 and ₹226 per share, has drawn massive interest, especially from non-institutional investors, making it one of the most talked-about public offerings in recent months.
Key Subscription Details
| Investor Category | Subscription Rate |
|---|---|
| Retail Investors | 132.73x |
| Non-Institutional Investors (NIIs) | 233.13x |
| Qualified Institutional Buyers (QIBs) | 31.61x |
| Total | 125.35x |
The IPO’s total subscription of 125.35x underscores the immense demand for C2C Advanced Systems shares. The NII segment led the charge, subscribing more than 233 times.
GMP and Expected Listing Price
C2C Advanced Systems IPO’s grey market premium (GMP) has been a strong indicator of its anticipated success. As of November 27, 2024, the GMP stood at ₹120, suggesting a potential listing price of ₹346—over 53% above the upper IPO price band.
The robust GMP reflects positive market sentiment and high expectations for the company’s stock performance post-listing.
How to Check C2C Advanced Systems IPO Allotment Status
Investors can check their allotment status online via the IPO registrar’s website, Link Intime India Private Limited. Follow these steps:
- Visit the registrar’s website.
- Select “C2C Advanced Systems IPO” from the dropdown menu.
- Choose your preferred identification method (Application Number, Demat Account, or PAN).
- Enter your details and complete CAPTCHA verification.
- Submit the form to view your allotment status.
About C2C Advanced Systems Limited
C2C Advanced Systems is a leading provider of indigenously developed defense electronics solutions. The company specializes in advanced technology for the Indian defense sector, positioning itself as a critical player in this niche market.
IPO Details:
- Issue Size: ₹99.07 crore
- Shares Offered: 43.84 lakh
- Pricing Range: ₹214–₹226
- Book Running Lead Managers: Mark Corporate Advisors, Beeline Capital Advisors
With its innovative products and strategic partnerships, C2C Advanced Systems is set to capitalize on India’s growing defense budget and self-reliance goals.
Future Outlook
C2C Advanced Systems’ strong subscription figures and high GMP indicate solid market confidence. Investors are advised to monitor its financial performance and long-term strategy post-listing. The defense sector’s growth trajectory makes this IPO a valuable addition to investment portfolios.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct independent research before investing.
