Fri Nov 22 12:49:13 UTC 2024: ## C2C Advanced Systems Launches ₹99 Crore IPO

**Mumbai, November 22, 2024** – C2C Advanced Systems, a leading Indian technology company specializing in defense, security, and aerospace systems, launched its initial public offering (IPO) today. The IPO, aiming to raise approximately ₹99.07 crores, will be open for subscription until November 26th.

The price band is set at ₹214 to ₹226 per equity share, with a minimum application amount of ₹1,35,600 (600 shares). The IPO allocation is divided as follows: 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for non-institutional investors (NIIs). The company, known for its “Intelligent Platform” technology and successful projects like the Combat Management System for the Royal Malaysian Navy, is listed on the NSE.

C2C Advanced Systems boasts expertise in architecture design, data analytics, and modeling. It is expanding into the digital transformation sector, focusing on applications like Industry 4.0 and transportation.

Investors are advised to consider the QIB, NII, and retail subscription numbers before investing and to adopt a long-term perspective. Applications can be submitted through ASBA via online banking or using physical IPO forms available online and through brokers. The company is categorized as an SME IPO and is subject to the recently tightened SEBI regulations for such offerings.

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