C2C Advanced Systems SME IPO Details, Financials, Valuation & Peers
Explore C2C Advanced Systems IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
C2C Advanced Systems Limited is a vertically integrated defense electronics solutions provider specializing in advanced systems for defense, security, and aerospace sectors. Established in 2018, the company has rapidly emerged as a leader in designing and delivering cutting-edge technologies, including Combat Management Systems (CMS), AI/ML-based analytics, and C4I systems for situational awareness and decision-making. The company’s expertise spans hardware, software, firmware design, system integration, and lifecycle project implementation. The company is uniquely positioned to upgrade legacy military systems and develop dual-use technologies applicable to both defense and civilian sectors.
Key Points:
- Core Offerings:
- Combat Management Systems (CMS).
- C4I systems for situational awareness and decision support.
- AI/ML-based big data analytics.
- Industry 4.0 solutions including virtual supply chain, logistics, and maintenance.
- System integration for legacy and modern platforms.
- Technological Expertise:
- In-house capabilities in hardware, software, firmware, and mechanical design.
- Specialization in architecture, design, and integration of real-time IIoT systems.
- Dual-use technologies for both military and civilian applications.
- Defense Capabilities:
- Solutions for air, land, sea, and autonomous systems.
- Expertise in upgrading legacy defense platforms.
- Proprietary systems for strategic defense solutions used by the Indian Navy and global defense establishments.
- Civilian Applications:
- AI/ML applications in logistics, supply chain, and preventive maintenance.
- Industry 4.0 products for digital transformation in manufacturing and smart cities.
- Competitive Edge:
- Unique position as a software-intensive platform provider.
- Superior margins and globally competitive offerings.
- Proven track record with prestigious clients, including the Royal Malaysian Navy.
Objects of the Issue
- Funding of capital expenditure towards purchase of fixed assets (both hardware and software) for our 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
- Payment of Security Deposit for the new premises at Bengaluru, Karnataka, India
- To fund the working capital requirements of the Company
- To fund expenditure towards general corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 22 Nov - 29 Nov 2024 |
| IPO Price Band | ₹214 - ₹226 per share |
| Fresh Issue | 43,83,600 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹99.07 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 22 Nov 2024 |
| IPO Closing Date | 29 Nov 2024 |
| Basis Of Allotment | 02 Dec 2024 |
| Refunds | 03 Dec 2024 |
| Demat Transfer | 03 Dec 2024 |
| IPO Listing Date | 04 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 0.35 | 8.07 | 41.30 | 43.25 |
| Total Expenses | 2.75 | 5.16 | 24.70 | 30.16 |
| Net Profit/Loss | -2.38 | 2.88 | 12.28 | 9.73 |
| NPM (*) | -686.68 | 35.72 | 29.90 | 22.51 |
| Total Assets | 9.03 | 18.50 | 85.84 | 110.58 |
| Total Liabilities | 10.40 | 15.98 | 9.38 | 24.39 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | -11.91 | 14.29 | 15.85 | 7.94 |
| ROE (%) | NA | 114.03 | 16.21 | 11.29 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | -4.06 | 3.75 | NA | 0.15 |
| Current Ratio | 0.98 | 2.42 | 13.00 | NA |
| EBITDA MARGIN (%) | -600.46 | 47.98 | 45.21 | 31.75 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| C2C Advanced Systems Limited | 41.06 | 14.26 | 15.85 | 16.06 | 62.38 |
| Paras Defence and Space Technologies Limited | 232.43 | 116.89 | 8.77 | 8.29 | 105.87 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 31.61 |
| Non-Institutional Investor (NII/HNI) | 233.13 |
| Retail Individual Investor (RII) | 132.73 |
| Total | 125.35 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- C2C INNOVATIONS PRIVATE LIMITED
- PVR MULTIMEDIA PRIVATE LIMITED
- LAKSHMI CHANDRA
- MAYA CHANDRA
- SUBRAHMANYA SRINIVASA NARENDRA LANKA
- KURIYEDATH RAMESH
- MURTAZA ALI SOOMAR
Lead Managers
- Mark Corporate Advisors Private Limited
- Beeline Capital Advisors Private Limited
Company Address
C2C Advanced Systems Limited
No.86, Wings of Eagles, SS Commercial Estate, Varthur Road, Nagavarapalya Main Road, C V Raman Nagar, Bengaluru– 560093 Karnataka, India
Phone: +91 80 4372 4052
Email: compliance@c2cas.com
compliance@c2cas.com
Website: www.c2c-as.com
FAQs
- What is the issue size of the C2C Advanced Systems SME IPO?The C2C Advanced Systems SME IPO has an issue size of ₹99.07 crore. This includes a fresh issue of 43,83,600 shares and an offer for sale (OFS) of NIL.
- What is the price band of the C2C Advanced Systems IPO?The price band for the C2C Advanced Systems IPO is ₹214 - ₹226 per share.
- What are the bidding dates for the C2C Advanced Systems IPO?The C2C Advanced Systems IPO will open for bidding on 22 Nov 2024 and close on 29 Nov 2024.
- What is the allotment date for the C2C Advanced Systems IPO?The allotment date for the C2C Advanced Systems IPO is 02 Dec 2024.
- What is the minimum lot size and investment required for the C2C Advanced Systems IPO?The minimum lot size for the C2C Advanced Systems IPO is 600 shares and the minimum investment required is ₹1,35,600.
- What is the listing date for the C2C Advanced Systems IPO?The listing date for the C2C Advanced Systems IPO is 04 Dec 2024.
- What is the C2C Advanced Systems IPO grey market premium?The grey market premium (GMP) for the C2C Advanced Systems IPO is currently at ₹240, with an expected listing gain of approximately 106.19%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.