Mon Nov 25 04:40:00 UTC 2024: ## C2C Advanced Systems IPO Sees 100% Grey Market Premium

**Mumbai, November 14, 2024** – The upcoming Initial Public Offering (IPO) of C2C Advanced Systems, a rising star in the defense electronics sector, is generating significant buzz among investors. The company’s IPO has already seen its grey market premium (GMP) skyrocket to approximately 100%, indicating strong investor interest. This contrasts sharply with the NTPC Green Energy IPO, which is ending its bidding period today with a GMP of only ₹1, suggesting lower anticipated returns.

C2C Advanced Systems, an SME (small and medium enterprise), has set its price band at ₹214-₹216 per share. However, the grey market premium has already reached ₹225. Investors will need to purchase a lot of 600 shares, requiring a minimum investment of ₹135,600.

The IPO timeline is as follows: anchor investor bidding opens on November 21st, 2024; the public offering will run from November 22nd to 26th, 2024; allotment will be finalized on November 27th, 2024; shares will be credited to demat accounts on November 28th, 2024; and listing on the NSE SME platform is scheduled for November 29th, 2024.

The company plans to utilize the IPO proceeds to upgrade its existing experience center, establish a new training center in Bangalore, and build a new experience center in Dubai. Funds will also be allocated for office fixtures and security deposits in Bangalore and Dubai, with the remaining amount earmarked for working capital and general corporate purposes.

C2C Advanced Systems has demonstrated strong financial performance in recent years. Net profit in FY24 reached ₹12.27 crore, a 332.04% increase compared to ₹2.87 crore in FY23. This is a significant turnaround from a loss of ₹2.38 crore in FY22. Total revenue in FY24 was ₹41.05 crore, a 410.57% jump from FY23’s ₹8.04 crore. However, total expenses also rose sharply to ₹24.70 crore, a 379.61% increase from FY23. The substantial increase in both revenue and expenses warrants further investor scrutiny.

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