C2C Advanced Systems Limited

Company Profile
Company Name C2C Advanced Systems Limited
Open Date 22-11-2024
Close Date 26-11-2024
Exchange NSE SME
Lot Size 600 Shares
Issue Price ₹214 to ₹226 per share
Issue Size 43,83,600 shares
Application Amount ₹1,35,000
Recommendation Apply
C2C Advanced Systems Limited was incorporated in 2018 and has its registered office in Bangalore, Karnataka. The company specializes in designing and delivering bespoke software, hardware, and firmware solutions for mission-critical defence applications. As a vertically integrated defence electronics provider, it caters to air, sea, and land platforms. The company excels in C4I systems, AI/ML-based analytics, embedded/FPGA designs, and Industry 4.0 solutions. The company derives most of its revenues under contracts from Government arms and associated entities such as defence public sector undertakings and government organisations involved in space research. The company has an order book of ₹6,527.45 lakhs as of March 15, 2024. The company has 190 full-time employees as on Oct 30, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Sep-24
Revenue 34.69 804.87 4,105.89 4,322.37
EBITDA -208.39 384.34 1,832.53 1,566.38
Net Profit -238.20 287.52 1,239.56 972.98
RoCE 204.72% 109.80% 22.35% 17.45%
ROE 174.42% 114.03% 16.21% 11.29%
P/E - 15.82 14.26 14.24

Tentative Timeline

Opening Date 22-11-2024
Closing Date 26-11-2024
Basis of Allotment 27-11-2024
Initiation of Refunds 28-11-2024
Credit of Shares to Demat 28-11-2024
Listing Date 29-11-2024

Objects of the Issue

Funding of capital expenditure towards the purchase of fixed assets (both hardware and software) for its existing operations (the upgradation of the existing Experience Centre and set up of Training Centre at Bengaluru) and the proposed set up of Experience Centre at Dubai.
Towards fit-outs at the new premises at both Bengaluru and Dubai.
To meet incremental working capital requirements
General Corporate Purposes

Contact Information

Registered Office C2C Advanced Systems Limited No.86, Wings of Eagles, SS Commercial Estate, Varthur Road, Nagavarapalya Main Road, C V Raman Nagar, Bengaluru - 560093
Phone +91 80 4372 4052
Email compliance@c2c-as.com
Website http://www.c2c-as.com/

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email c2csme.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

Anchor Investor Shares Offered 12,49,200 (28.5%)
Market Maker Shares Offered 2,19,600 (5.01%)
QIB Shares Offered 8,32,800 (19%)
NII (HNI) Shares Offered 6,24,600 (14.25%)
Retail Shares Offered 14,57,400 (33.25%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 55.30%
Shareholding Post Issue (Promoters) 40.73%

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