5paisa Research Team Last Updated: 26th November 2024 - 01:03 pm
5paisa Research Team Last Updated: 26th November 2024 - 01:03 pm
C2C Advanced Systems' initial public offering (IPO) has received overwhelming investor interest over the three-day period. The IPO witnessed exceptional growth in demand, with subscription rates growing from 27.19 times on day one, to 108.02 times on day two, and reaching an impressive 105.21 times by 11:21 AM on the final day.
C2C Advanced Systems IPO, which opened on 22nd November 2024, has seen phenomenal participation across categories. The Retail Investors segment has shown extraordinary interest reaching 146.17 times subscription, while Non-Institutional Investors demonstrated exceptional participation at 141.93 times. The QIB portion secured 6.01 times subscription.
This overwhelming response comes amid positive sentiment in the Indian stock market, particularly towards companies in the defense electronics sector.
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| Date | QIB | NII | Retail | Total |
| Day 1 (Nov 22) | 0.53 | 26.68 | 42.64 | 27.19 |
| Day 2 (Nov 25) | 6.00 | 123.45 | 159.70 | 108.02 |
| Day 3 (Nov 26)* | 6.01 | 141.93 | 146.17 | 105.21 |
*As of 11:21 AM
Here are the subscription details for C2C Advanced Systems IPO as of Day 3 (26th November 2024, 11:21 AM):
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) | Total Application |
| Anchor Investors | 1.00 | 12,49,200 | 12,49,200 | 28.23 | - |
| Market Maker | 1.00 | 2,19,600 | 2,19,600 | 4.96 | - |
| Qualified Institutions | 6.01 | 8,32,800 | 50,03,400 | 113.08 | 20 |
| Non-Institutional Buyers | 141.93 | 6,24,600 | 8,86,50,000 | 2,003.49 | 31,807 |
| Retail Investors | 146.17 | 14,57,400 | 21,30,21,600 | 4,814.29 | 3,55,036 |
| Total | 105.21 | 29,14,800 | 30,66,75,000 | 6,930.86 | 3,86,863 |
Total Applications: 3,86,863
Note:
Key Highlights:
Key Highlights:
Overall subscription soared to 108.02 times, showing exceptional momentum
Retail investors led with a massive 159.70 times subscription
Non-institutional investors showed strong interest at 123.45 times
QIB portion improved significantly to 6.00 times
The total application count showed a substantial increase from day one
The retail portion continued to attract maximum investor interest
The NII segment demonstrated robust participation growth
QIB portion witnessed a notable improvement
The subscription trend indicated strong investor confidence across segments
Key Highlights:
C2C Advanced Systems Limited, incorporated in 2018, has established itself as a vertically integrated defence electronics solutions provider catering to India's Indigenous defence products industry. The company specialises in delivering critical defence technologies, including C4I systems, AI/ML-based big data analytics, enterprise integration of real-time data from IIOT, and embedded/FPGA designs. Their comprehensive business model encompasses four core digital transformation services: Virtual Supply Chain for actionable real-time sensor data, Virtual Logistics for harsh-environment electronics integration, Virtual Maintenance for defence leadership decision support, and AI/ML Technologies applied across all offerings.
The company has built an impressive product portfolio including Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defence Subsystems, and Integrated Platform Management Systems. With 190 employees as of October 2024, their strong R&D capabilities and focus on innovation have positioned them well to benefit from government initiatives like "Atmanirbhar Bharat" and "Make in India". The company maintains strong relationships with a diverse and global customer base, supported by an experienced management team.