C2C Advanced Systems, a prominent defence solutions provider, has seen immense interest in its IPO. Despite delays caused by SEBI’s directives for additional financial scrutiny, the IPO has garnered robust investor response, highlighting its strong market positioning.
IPO Highlights
- Issue Size: ₹99 crore.
- Subscription: Subscribed 125.35 times overall.
- Retail Investors: 133 times.
- Non-Institutional Investors (NII): 233 times.
- Qualified Institutional Buyers (QIBs): 31.61 times.
- Price Band: ₹226 per share.
- Grey Market Premium (GMP): Trading at a premium of ₹195, indicating a potential listing gain of 86.28%.
Key Updates and Allotment Process
The IPO faced delays after SEBI required C2C Advanced Systems to appoint an independent auditor and provide additional financial disclosures. Investors were given the option to withdraw bids, yet the demand remained robust.
Steps to Check Allotment Status
- On Link Intime Website:
- Visit the Link Intime India website.
- Select “C2C Advanced Systems IPO” in the dropdown.
- Enter your application number, PAN, or Demat account details.
- Submit the form to view allotment status.
- On NSE Website:
- Visit the NSE IPO allotment page.
- Log in with your credentials and select the IPO.
- Enter your PAN or application number and hit “Get Data.”
Strengths and Risks of C2C Advanced Systems
Strengths:
- Market Demand: Specializes in AI/ML analytics and precision manufacturing, essential in the defence sector.
- Robust Subscription: High investor interest reflects confidence in the company’s growth potential.
Risks:
- Dependence on Government Contracts: Exposed to policy changes and fluctuations in defence spending.
- Increased Competition: Faces challenges from global defence players entering the Indian market.
Investor Takeaway: While the IPO shows potential for significant listing gains, long-term risks like dependency on government contracts must be factored into investment decisions.
Investor Tip: Consider C2C Advanced Systems for short-term gains and PropShare Platina for long-term stability.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.
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