Mon Nov 25 07:13:38 UTC 2024: ## C2C Advanced Systems IPO Oversubscribed 24 Times on Day One
**MUMBAI, INDIA –** C2C Advanced Systems, a defense electronics solutions provider, saw its initial public offering (IPO) massively oversubscribed on its first day of bidding (November 22nd). The IPO, aiming to raise Rs 99.07 crore, was subscribed 24.68 times, with investors bidding for 7.73 crore equity shares against the offered 31.34 lakh shares. Non-institutional investors were particularly enthusiastic, subscribing 41.48 times their allotted portion. Retail investors also showed strong interest, with a subscription rate of 26.4 times.
The company, which specializes in customized software for military and security applications, plans to utilize the IPO funds for expanding its operations, including purchasing hardware and software, establishing an Experience Centre in Dubai, and upgrading facilities in Bengaluru. The IPO closes on November 26th. For further details on the IPO and the latest market updates, including information on the Traders Gurukul’s BOTS summit and crypto market trends, visit Moneycontrol.com.
First Piper 