C2C Advanced Systems IPO

C2C Advanced Systems IPO opens for subscription on November 22, 2024 and closes on November 26, 2024. The allotment for the C2C Advanced Systems IPO is expected to be finalized on Wednesday, November 27, 2024. C2C Advanced Systems IPO will list on NSE SME with tentative listing date fixed as Friday, November 29, 2024.

C2C Advanced Systems IPO price band is set at ₹214 to ₹226 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹135,600. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹271,200.

C2C Advanced Systems IPO is a book built issue of Rs 99.07 crores. The issue is entirely a fresh issue of 43.84 lakh shares.

C2C Advanced Systems IPO Details

C2C Advanced Systems IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

C2C Advanced Systems IPO Objectives

The company intends to utilize the proceeds of the net issue in the following manner:

1. 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.
2. Towards fit-outs at the new premises at both Bengaluru and Dubai.
3. Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India.
4. To fund the working capital requirements of the Company.
5. To fund expenditure towards general corporate purposes.

About C2C Advanced Systems 

IC2C 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.

C2C Advanced Systems Financial Information

C2C Advanced Systems IPO Reservation

C2C Advanced Systems IPO Timeline (Tentative Schedule)

C2C Advanced Systems IPO opens on November 22, 2024, and closes on November 26, 2024.