C2C Advanced Systems Subscribed 5 Times Until Noon

C2C Advanced Systems has set a price range of ₹214-₹226 per share, with investors able to bid for 101 shares in one lot and multiples thereafter.

Subscription Update 

As of noon today, the C2C Advanced Systems IPO received bids for 1,65,61,200 shares, significantly exceeding the total offer of 31,34,400 shares. Retail investors showed the strongest interest, with bids for 1,31,35,200 shares and 21,829 applications submitted.

On the other hand, non-institutional investors (NIIs) accounted for 1,498 applications, while qualified institutional buyers (QIBs) did not place any bids.

IPO Structure and Reservations

The IPO for C2C Advanced Systems has a specific allocation structure where 50% of the shares are set aside for qualified institutional buyers (QIBs), 15% for high net-worth individuals (HNIs), and 35% for retail investors.

This distribution ensures that each category of investors has a designated share of the offering, catering to a diverse range of participants.

Price, Dates, and Key Information

The price range for C2C Advanced Systems’ IPO is fixed between ₹214 and ₹226 per share. Retail investors can apply for a minimum of one lot, which consists of 600 shares.

The minimum investment required for retail investors is ₹1,35,600. The registrar for the offer is Link Intime India Pvt. Ltd., while the book-running lead managers for the IPO are Mark Corporate Advisors Pvt. Ltd. and Beeline Capital Advisors Pvt. Ltd.

Purpose of Funds

C2C Advanced Systems plans to use the funds raised from the IPO for capital expenditure, including the acquisition of fixed assets (hardware and software) for its current operations. 

The proceeds will also be allocated for fitting out new offices in Bengaluru and Dubai, along with security deposit payments. The remaining funds will be used to meet working capital needs and for general corporate purposes.

Company Overview

C2C Advanced Systems is a forward-looking technology company specialising in advanced systems integration, engineering solutions, and innovative technology services. The company caters to a wide range of industries, offering cutting-edge products and services designed to address complex challenges across sectors like manufacturing, telecommunications, and automotive.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.