The much-anticipated allotment status for the C2C Advanced Systems IPO will be released today, November 29, 2024. Following an overwhelming response to the public offer, investors are keen to find out if they have secured shares in this IPO. Here’s a comprehensive guide to understanding the allotment process and grey market premium (GMP).
C2C Advanced Systems IPO subscription details
The C2C Advanced Systems IPO witnessed robust demand across all investor categories. The IPO, which raised a substantial ₹8,257.61 crore, was oversubscribed 125.35 times. Here’s a breakdown of the subscription:
This exceptional response highlights strong investor confidence in the company’s growth potential, making it a promising choice to invest in stocks.
C2C Advanced Systems IPO GMP
The grey market premium (GMP) for C2C Advanced Systems IPO has surged to ₹190 as of November 29. This suggests a potential listing price of ₹416, an impressive 84% premium over the issue price of ₹226 per share. Such GMP levels underscore investor optimism about the stock’s performance post-listing.
Key details about C2C Advanced Systems IPO
The ₹99.07 crore IPO included a fresh issue of 43.84 lakh shares. The price band was set at ₹214 to ₹226 per share. The funds raised are earmarked for several initiatives, including:
This strategic allocation of resources aims to bolster the company’s operational and geographical footprint, making it an attractive option to invest in stocks.
About C2C Advanced Systems Limited
C2C Advanced Systems Limited is a vertically integrated provider of defence electronics solutions, specialising in indigenously developed products tailored to the Indian market. The company’s innovative approach and strategic expansions underline its potential for sustained growth in the defence sector.
The IPO was managed by Mark Corporate Advisors Private Limited and Beeline Capital Advisors Pvt Ltd, with Link Intime India Private Ltd serving as the registrar.
For android only