C2C Advanced Systems IPO Subscription Status

C2C Advanced Systems IPO GMP

C2C Advanced Systems IPO Allotment Status

C2C Advanced Systems IPO Subscription started on 22 November 2024 and will close on 26 November 2024. C2C Advanced Systems plans to raise INR 99.07 crores via IPO. The price band is fixed at INR 214 – 226 per share. C2C Advanced Systems IPO market lot has 600 shares and the minimum application amount is INR 1,35,600. The retail quota is 35%, QIB is 50% and NII is 15%.

Check C2C Advanced Systems IPO subscription status here. The subscription figures are taken from NSE SME and are updated at regular intervals. Here you can find C2C Advanced Systems IPO subscription status segregated by days and investor categories.

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C2C Advanced Systems IPO Subscription Status – Live Updates

The market maker reservation portion of 2,19,600 equity shares is not included in the above calculations.

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C2C Advanced Systems – Business Background

C2C Advanced Systems focuses on delivering customized software, hardware, and firmware solutions, leveraging its own intellectual property and collaborations with third-party firms. The company adopts a technology-driven approach to the design and development of advanced systems and components. Its core expertise includes providing bespoke software and software-enabled systems that manage critical defence applications for military and security purposes, both in India and globally.

The company’s distinctive products are developed using proprietary technology, making them exclusive to the Indian defence sector. Revenue is generated through the sale of these proprietary technologies and services, as well as offerings from third-party sources. C2C Advanced Systems serves a diverse array of defence and aerospace platforms, encompassing Space, Air, Land, Sea, and Autonomous Systems. Its design capabilities extend across software-intensive systems and components tailored for defence, security, and aerospace applications.

Investor Categories in C2C Advanced Systems IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the C2C Advanced Systems IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

Read Also: SEBI Regulations on Stock Market Exchange

C2C Advanced Systems IPO Subscription Status FAQs