The C2C Advanced Systems IPO allotment status is expected to be released today, November 29. Investors are eagerly anticipating it following a record-breaking demand for the public offering.
After the C2C Advanced Systems IPO allocation is finalized, applicants can check their allotment status online via Link Intime India Private Limited, the registrar’s website.
Steps to check C2C Advanced Systems IPO allotment status
1. Go to the website of Link Intime India.
2. Choose “C2C Advanced Systems IPO” from the dropdown menu (it will show up after the allocation process is finished).
3. select your preferred method: PAN, Demat Account, or Application Number to check the status.
4. Choose if you want your application to be ASBA or not.
5. Based on the choice you made in Step 3, enter the required information.
6. To examine your allotment status, fill out the CAPTCHA verification and submit the form.
The anticipated date of C2C Advanced Systems’ initial public offering (IPO) is December 3, 2024, at the latest.
C2C Advanced Systems IPO Subscription
C2C Advanced Systems raised ₹8,257.61 crore and got 125.35 times offers in its successful first public offering.
Every type of investor participated actively in the IPO. With a 31.61-fold oversubscription, the Qualified Institutional Buyers (QIB) segment raised ₹594.95 crore. With ₹3,290.81 crore raised, the Non-Institutional Investors (NIIs) component was significantly oversubscribed by 233.13 times. Furthermore, the Retail Individual Investors (RIIs) segment raised ₹4,371.85 crore due to a 132.73-fold oversubscription.
C2C Advanced Systems IPO GMP
The grey market premium, or GMP, for C2C Advanced Systems’ IPO, rose to ₹190 on Friday. C2C Advanced Systems shares might list at ₹416 at the present price, which would be 84% more than the issue price of ₹226.
About C2C Advanced Systems IPO
C2C Advanced Systems issued 43.84 lakh new shares in its ₹99.07 crore initial public offering. Between ₹214 and ₹226 per share was the IPO price range.
In addition to the planned Experience Center in Dubai, the company intends to use the money raised for capital expenditures to acquire fixed assets to support ongoing operations, such as upgrading the current Experience Center and establishing a new Training Center in Bengaluru.
Additionally, the funds will be used to pay for the security deposit for the new Bengaluru location, fit-out expenditures for the new Bengaluru and Dubai locations, satisfy the company’s working capital needs and cover other corporate expenses.
Subscriptions for the IPO were accepted from Friday, November 22 through Tuesday, November 26.
With a focus on locally produced defence products for the Indian market, C2C Advanced Systems Limited is a vertically integrated supplier of defence electronics solutions.
The book-running lead managers are Beeline Capital Advisors Pvt Ltd and Mark Corporate Advisors Private Limited, while the issue’s registrar is Link Intime India Private Ltd.
