C2C Advanced Systems Ltd IPO
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C2C Advanced Systems Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 43.84 L | TBA | ₹ 14.57 L | ₹ 69.28 L | NSE | ₹ 99.07 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 22 Nov, 24 | 26 Nov, 24 | 600 | ₹ 1,28,400 | Book Building - SME | 03 Dec, 24 |
C2C Advanced Systems Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 12.64x | 2082000 | 26325000 |
| NII | 233.48x | 624600 | 145830600 |
| Retail | 132.73x | 1457400 | 193444800 |
| Employee | 0x | 0 | 0 |
| Total | 83.4x | 4383600 | 365600400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
C2C Advanced Systems Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 17.78 | 3.79 | -2.15 |
| EBITDA | 18.96 | 4.67 | -1.90 |
| PAT | 12.40 | 2.88 | -2.38 |
| Total Assets | 80.19 | 13.92 | 4.16 |
| Share Capital | 12.26 | 1.50 | 0.50 |
| Total Borrowings | 15.54 | 3.63 | 2.50 |
| Operating Activities (Net Cash) | 13.58 | 3.76 | -2.13 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | -3.12 |
| Financing Activities (Net Cash) | 15.54 | 3.63 | 2.50 |
| Net Cashflow | 15.41 | 0.00 | 0.04 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About C2C Advanced Systems Ltd
Our Company was incorporated as `C2C - DB Systems Private Limited , a private limited company, under the Companies Act, 2013, pursuant to a Certificate of Incorporation dated February 21, 2018 issued by the Registrar of Companies, Bengaluru, Karnatak (RoC). Subsequently, the name of our Company was changed to C2C Advanced Systems Private Limited and a fresh Certificate of Incorporation dated May 12, 2022 was issued by the RoC. Pursuant to a special resolution passed by our shareholders in the Extra Ordinary General Meeting held on October 28, 2023 our Company was converted into a public limited company and the name of our Company was changed to `C2C Advanced Systems Limited and a fresh Certificate of Incorporation dated December 22, 2023 was issued to our Company by the RoC.
The Indian Defence Sector is at the cusp of a revolution. The Government of India has identified the defence and Aerospace sector as a focus area for the Atmanirbhar Bharat or Self-Reliant India initiative, with a formidable push on the establishment of indigenous manufacturing infrastructure supported by a requisite research and development ecosystem. India has the world's third-largest defence expenditure, as of 2021, and expects to export equipment worth US$ 15 billion by 2026. As per the Union Budget 2022-23, 25% of defence R&D budget has been earmarked for private industry and start-ups which will pave the way for innovation of new defence technologies in India. Till October 2022, a total of 595 Industrial Licences have been issued to 366 companies operating in Defence Sector. Defence exports grew by 334% in last five years; India now exporting to over 75 countries due to collaborative efforts.
We are an Indian Company in the private sector which has been at the forefront of product development in mission critical applications. Our key expertise includes C4I systems for effective situational awareness and decision support, AI/ML based big data analytics, enterprise integration of real time data from IIOT and embedded / FPGA designs. We are the first start-up in India to foray into the Defence Sector and have delivered Combat Management Systems (CMS) for two Malaysian Naval Frigate Ships. With over 5 years of experience and an employee strength of 190, we have delivered battle proven systems and intelligent decision support systems globally.
Peer Comparison:
- Paras Defence and Space Technologies Ltd
C2C Advanced Systems Ltd IPO Key Points
Strengths
- Wide Range of Products and Solutions for Defence Applications.
- Strong R&D Capabilities with a Focus on Innovation.
- Well Positioned to Benefit from the Government's Atmanirbhar Bharat and ake in India' Initiatives.
- Strong Relationships with a Diverse and Global Customer Base.
- Experienced Management Team.
Risk
- Its business has a significant proportion of the company domestic revenues dependent on contracts from the GoI and associated entities including defence public sector undertakings and government organizations involved in Defence. Reprioritization of requirements based on government priorities may have a material adverse effect on its business.
- The company depends on a limited number of customers for a significant portion of its revenue. The loss of any of its major customers due to any adverse development or significant reduction in business from its major customers may adversely affect the company's business, financial condition, results of operations and future prospects.
- A major portion of its revenue is from projects undertaken with Government entities or agencies, contracts of which usually contain terms that favour the clients. Such project / contracts are awarded on the basis of certain pre-qualification criteria and competitive selection process and are usually in a standard form, restricting its ability to negotiate the terms and conditions. Any change in the Government policies or focus and/or the company is unable to recover payments in a timely manner, would adversely affect its business and result of operation.
Strategy
- Strengthen our Foothold in India's Expanding Market.
- Leveraging our Market Skills and Relationships.
- Strengthening our Business through Effective Branding, Promotional and Digital Activities.
- Delivering Excellence through Innovation.
- Wide Range of Products and Solutions for Defence Applications.
- Strong R&D Capabilities with a Focus on Innovation.
- Well Positioned to Benefit from the Government's Atmanirbhar Bharat and ake in India' Initiatives.
- Strong Relationships with a Diverse and Global Customer Base.
- Experienced Management Team.
How To Apply for C2C Advanced Systems Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
