C2C Advanced Systems IPO Details
C2C Advanced Systems IPO Summary
C2C Advanced Systems IPO opens for subscription on 22 Nov 2024 and closes on 26 Nov 2024.The IPO will be listed on NSE with the tentative listing date set for 03 Dec 2024.
C2C Advanced Systems IPO price band has been fixed at ₹214 – ₹226 per share. The face value is ₹10 per share with a lot size of 600.
C2C Advanced Systems IPO total issue size comprises 43,83,600 shares (aggregating up to ₹99.07 Cr). This includes a fresh issue of 43,83,600 shares (aggregating up to ₹99.07 Cr). Pre-issue shareholding stands at 1,22,57,568, which will increase to 1,66,41,168 post-issue.
C2C Advanced Systems IPO carries a ₹240 (106.19%) GMP, reflecting investor sentiment.
C2C Advanced Systems IPO Lot Size :Retail Minimum is 1 lot (600 shares) amounting to ₹135,600. Retail Maximum is 1 lot (600 shares) amounting to ₹135,600. SHNI Minimum is 2 lots (1,200 shares) amounting to ₹271,200.
C2C Advanced Systems IPO Details
C2C Advanced Systems IPO Subscription
C2C Advanced Systems IPO Application Wise Breakup
C2C Advanced Systems IPO Dates
- 22 Nov 2024Opening dateOpen
- 26 Nov 2024Closing dateClose
- 29 Nov 2024Allotment Date Allotment
- 02 Dec 2024Initiation of RefundsRefund
- 02 Dec 2024Credit of SharesCredit
- 03 Dec 2024Listing dateListing
C2C Advanced Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹135,600 |
| Retail Maximum | 1 | 600 | ₹135,600 |
| SHNI Minimum | 2 | 1200 | ₹271,200 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
C2C Advanced Systems IPO Reservation
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C2C Advanced Systems IPO Valuations
C2C Advanced Systems Financial Information
C2C Advanced Systems Limited's revenue increased by 412% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 11,058.01 | 8,583.51 | 1,849.78 | 903.18 | ||||||||||||||||||||||||||||||||||||
| Revenue | 4,324.97 | 4,129.82 | 806.73 | 34.79 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 972.99 | 1,227.69 | 287.52 | -238.21 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 8,618.72 | 7,645.73 | 252.14 | -136.57 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 6,864.52 | 96.69 | ||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,329.02 | 944.74 | 554.77 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About C2C Advanced Systems IPO
C2C Advanced Systems Limited, formerly known as C2C – DB Systems Private Limited, incorporated in 2018, is a vertically integrated defense electronics solutions provider catering to the indigenously developed defense products industry in India. The company's core competencies include 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's business model for digital transformation focuses on four main services:
- Virtual Supply Chain: The company provides software development based on real-time and continuous data provided by various sensors, generating usable data that is immediately actionable.
- Virtual logistics: The company delivers using commercial off-the-shelf (COTS) electronic boards and complex engineering to integrate and deliver in an engineered enclosure that can withstand harsh environmental conditions (subsystems)
- Virtual Maintenance: The company integrates various subsystems to deliver systems that extract real-time data and create situational awareness for defense leadership to take action (systems).
- Application of AI/ML technologies in all offerings and as standalone product development and engineering.
The company's product list includes Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defence Subsystems, Integrated Platform Management Systems and Integrated Vessel Management Systems.
Competitive strengths:
- A broad range of products and solutions for defense applications
- Strong R&D capabilities with a focus on innovation
- Well positioned to benefit from the government initiatives “Atmanirbhar Bharat” and "Make in India"
- Strong relationships with a diverse and global customer base
- Experienced management team
As of October 30, 2024, the company employed 190 employees.
Strength Of C2C Advanced Systems IPO
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 ake in India' Initiatives.
4. Strong Relationships with a Diverse and Global Customer Base.
5. Experienced Management Team.
Risk Of C2C Advanced Systems IPO
1. Its business has a significant proportion of the company domestic revenues dependent on contracts from the GoI and associated entities including defence public sector undertakings and government organizations involved in Defence. Reprioritization of requirements based on government priorities may have a material adverse effect on its business.
2. The company depends on a limited number of customers for a significant portion of its revenue. The loss of any of its major customers due to any adverse development or significant reduction in business from its major customers may adversely affect the company's business, financial condition, results of operations and future prospects.
3. A major portion of its revenue is from projects undertaken with Government entities or agencies, contracts of which usually contain terms that favour the clients. Such project / contracts are awarded on the basis of certain pre-qualification criteria and competitive selection process and are usually in a standard form, restricting its ability to negotiate the terms and conditions. Any change in the Government policies or focus and/or the company is unable to recover payments in a timely manner, would adversely affect its business and result of operation.
4. The company is subject to strict quality requirements, customer inspections and audits, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact its reputation and the company's business and results of operations and future prospects.
5. Any failures to comply with the provisions of the contracts entered with its customers, especially the GoI Entities, could have an adverse effect on its business operations, financial conditions and results of the company's operations. Additionally, imposition of liquidated damages and invocation of performance bank guarantees / indemnity bonds by its customers could impact its results of operations and the company may faces potential liabilities from lawsuits and claims by customers in the future.
6. The company has a history of net losses in 2 out of the last 3 financial years and any losses or its inability to achieve profitability may have an adverse effect on its operations.
7. The company has significant working capital requirements. If its experience insufficient cash flows from the company operations or are unable to borrow to meet its working capital requirements, it may materially and adversely affect its business, cash flows and results of operations.
8. The amount of orders the company has received in the past, its current order book and the company's growth rate may not be indicative of the number of orders its will receive in the future.
9. If the company is unable to manage its growth effectively, its business, future financial performance and results of operations could be materially and adversely affected.
10. The company does not own its Registered Office from where the company operates.
Objectives C2C Advanced Systems IPO
- Funding of capital expenditure towards the purchase of fixed assets (both hardware and software) for its 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.
- Towards fit-outs at the new premises at both Bengaluru and Dubai.
- Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
- To fund the working capital requirements of the Company.
- To fund expenditure towards general corporate purposes.
Company Contact Details
C2C Advanced Systems Limited
No.86, Wings of Eagles, SS Commercial Estate,
Varthur Road, Nagavarapalya Main Road,
C V Raman Nagar, Bengaluru ? 560093
Phone: +91 80 4372 4052
Email: compliance@c2c-as.com
Website: http://www.c2c-as.com/
Registrar Contact Details
C2C Advanced Systems FAQs
The C2C Advanced Systems IPO is a SME public issue comprising 4383600 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹99.07 Cr. The issue price has been fixed at ₹226 per equity share, and the minimum application size is 600 shares.
The IPO opens for subscription on 22 Nov 2024, and closes on 26 Nov 2024.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹240 (106.19%).
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