C2C Advanced Systems IPO allotment on 29 November: What to expect after 125.4X subscription

C2C Advanced Systems IPO GMP

C2C Advanced Systems IPO Subscription Status

C2C Advanced Systems IPO allotment status is not available right now. Allotment status will be made available on November 29, 2024, as per the timeline provided in the IPO’s red herring prospectus (RHP).

C2C Advanced Systems IPO has closed with a remarkable subscription of over 125.43 times, indicating strong investor interest. The HNI category saw an impressive subscription rate of 233.48 times. While the stock is expected to be listed on December 3, 2024, the focus is now on the allotment process. Following the finalization of allotment, refunds are scheduled to begin on December 2, 2024, and shares are anticipated to be credited to successful investors’ demat accounts on the same day. However, due to the robust positive sentiment reflected in the IPO’s GMP, the allotment may be competitive, leading to slim chances for many investors.

Here are some ways in which you can check C2C Advanced Systems IPO allotment status online.

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#1 Registrar Website – Most effective way to check C2C Advanced Systems IPO Allotment Status

Once an IPO is closed for subscription, the ball moves in the court of the issuing registrar. In this case, the registrar is Link Intime so investors can simply head to its website, select C2C Advanced Systems from the dropdown menu, and enter ANY of the following details to check their allotment status:

• PAN
• IPO Application Number (CAF Number)
• Beneficiary ID (NSDL or CDSL Demat Account Number)

It should be noted that registrar websites are flooded on allotment days and might become very slow. As a result, it is worthwhile to keep your options open.

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#2 Bank Account Debit/Removal of Lien

If your search hasn’t yielded results so far, you might want to check your bank account. Most banks have robust infrastructure and communicate balance to account holders in several ways including SMS so you might not as well need to log into net banking.

If the investor’s application has been successful, it is followed by a debit of the corresponding amount. The debit amount for the C2C Advanced Systems IPO is INR 1,35,600. If the application is unsuccessful, then the bank account will see the effective balance go up by this amount which was marked on hold for the application.

In case of successful allotment, the bank account balance goes down by the corresponding amount. It is important to note that IPO allotment and amount deduction from a bank account are two different events but in some cases, both happen almost concurrently.

#3 Credit of Shares in Demat Account

If everything else has failed, you can check your demat account for credit of shares. However, this approach is the slowest of all the methods. In many cases, shares may be credited on the day of listing as well, effectively taking away all the fun of allotment.

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C2C Advanced Systems IPO Allotment FAQs