C2C Advanced Systems IPO: Oversubscribed 9x, Grey Market Premium Soars to 108%

C2C Advanced Systems IPO: Oversubscribed 9x, Grey Market Premium Soars to 108%

The IPO of C2C Advanced Systems has captured significant attention in the market, recording a massive oversubscription of 9.15 times on its first day of public bidding. This overwhelming response is matched by a strong performance in the grey market, reflecting investor confidence in the company's growth story.

C2C Advanced Systems IPO: Oversubscribed 9x, Grey Market Premium Soars to 108%

---

Highlights of the C2C Advanced Systems IPO

1. Demand Surge in Subscription

   • The IPO has seen bids for 2.86 crore shares against the 31.34 lakh shares on offer, indicating exceptional demand.
   • Subscriptions were robust across categories, signaling strong interest from both retail and institutional investors.

2. Grey Market Premium (GMP)

   • Unlisted shares are trading at a premium of ₹245 over the IPO's upper price band of ₹226.
   • This translates to a GMP of 108.41%, showcasing investor expectations of significant listing gains.

3. Pricing and Investment Details

   • Price band: ₹214-₹226 per share.
   • Lot size: 600 shares per lot.
   • Minimum investment required for retail investors: ₹135,600 per lot.

4. IPO Size and Fund Utilization

   • Total funds to be raised: ₹99.07 crore.
   • Anchor investment: ₹28.23 crore, secured before the IPO opened for public subscription.

---

Purpose of the IPO

C2C Advanced Systems plans to utilize the funds for the following initiatives:

1. Expansion and Upgrades

   • Upgrade the existing Experience Centre.
   • Set up a Training Centre in Bengaluru.
   • Establish a new Experience Centre in Dubai to expand its international footprint.

2. Infrastructure and Operations

   • Fit-outs at new facilities in Bengaluru and Dubai.
   • Payment of security deposits for the new Bengaluru premises.

3. Corporate and Working Capital Requirements

   • Meet working capital needs and fund general corporate purposes.

---

Important Dates to Remember

• IPO Closing Date: November 26, 2024.
• Basis of Allotment Finalization: November 27, 2024.
• Shares Credited to Demat Accounts: November 28, 2024.
• Listing Date on NSE SME Platform: November 29, 2024.

---

Why Investors Are Excited About C2C Advanced Systems

The overwhelming demand for this IPO can be attributed to:

1. Growth Prospects:

   • Expansion into international markets like Dubai.
   • Investment in cutting-edge infrastructure, including training and experience centers.

2. Strong Financial Backing:

   • Confidence from anchor investors, securing ₹28.23 crore ahead of the IPO.

3. Attractive Grey Market Performance:

   • A GMP of 108% signals optimism for listing gains, attracting retail and institutional buyers.

---

Conclusion

C2C Advanced Systems has emerged as one of the most talked-about IPOs in the SME segment. With its focus on expansion and technological upgrades, coupled with strong grey market demand, the IPO holds significant potential for investors seeking both short-term gains and long-term value.

However, investors should consider their financial goals and risk appetite before making investment decisions. With the IPO slated for listing on November 29, 2024, all eyes are on C2C Advanced Systems as it takes its next big step.

Disclaimer: This article is only for educational purpose. We do not recommend any particular stock, securities and strategies for trading. The stock quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before trading and investing.