Tue Nov 26 00:38:45 UTC 2024: ## C2C Advanced Systems IPO Oversubscribed by Over 100 Times

**Mumbai, November 25, 2024** – The Initial Public Offering (IPO) of C2C Advanced Systems, a leading Indian technology company specializing in defense, security, and aerospace systems, has been massively oversubscribed. By 5:00 PM on the second day of the subscription period (November 25th), the IPO was oversubscribed by a staggering 107.59 times.

The IPO, which opened on Friday, November 22nd and closes on November 26th, offers shares at a price band of ₹214 to ₹226, with a face value of ₹10. The strong demand is further evidenced by the Grey Market Premium (GMP) reaching ₹204 on Monday, indicating a potential market price of ₹430.

C2C Advanced Systems boasts a strong track record, demonstrating significant revenue and profit growth. The company reported a revenue of ₹41.06 crore in 2024, a substantial increase from ₹8.07 crore in 2023. Profits also soared from ₹2.88 crore in 2023 to ₹12.28 crore in 2024. Their success in securing a contract for a Combat Management System with the Royal Malaysian Navy, beating out established global competitors, highlights their technological capabilities and competitive edge.

The company’s focus on “Intelligent Platforms” and its expansion strategy into the “Digital Transformation” sector utilizing sensor technology in Industry 4.0 and transportation further solidify its growth potential.

The overwhelming response to the C2C Advanced Systems IPO signals strong investor confidence in the company’s future prospects.

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