C2C Advanced Systems Limited, formerly known as C2C – DB Systems Private Limited, is a vertically integrated defense electronics solutions provider catering to the indigenously developed defense products industry in India. The company’s core competencies include C4I systems for effective situational awareness and decision support, AI/ML based big data analytics, enterprise integration of real-time data from IIOT, and embedded/FPGA designs.
The company’s business model for digital transformation focuses on four main services:
- Virtual Supply Chain: The company provides software development based on real-time and continuous data provided by various sensors, generating usable data that is immediately actionable.
- Virtual logistics: The company delivers using commercial off-the-shelf (COTS) electronic boards and complex engineering to integrate and deliver in an engineered enclosure that can withstand harsh environmental conditions (subsystems)
- Virtual Maintenance: The company integrates various subsystems to deliver systems that extract real-time data and create situational awareness for defense leadership to take action (systems).
- Application of AI/ML technologies in all offerings and as standalone product development and engineering.
The company’s product list includes Combat Management Systems, C4I Systems, Anti-Drone Command and Control Systems, Air Defence Subsystems, Integrated Platform Management Systems and Integrated Vessel Management Systems.
As of October 30, 2024, the company employed 190 employees.
C2C Advanced Systems IPO – Details
| IPO Opening Date | 22 November 2024 |
| IPO Closing Date | 26 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 43,83,600 Shares Worth ₹99.07 Crore Fresh Issue: 43,83,600 Shares Worth ₹99.07 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹214 – ₹226 |
| Market Lot | 600 Shares |
| Min Order | 600 Shares |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
C2C Advanced Systems IPO – Date Schedule
| IPO Open Date | 22 November 2024 |
| IPO Close Date | 26 November 2024 |
| Basis of Allotment | 29 November 2024 |
| Initiation of Refund | 02 December 2024 |
| Credit of Shares to Demat Account | 02 December 2024 |
| IPO Listing Date | 03 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2024 |
C2C Advanced Systems IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,35,600 |
| Retail (Max) | 1 | 600 | ₹1,35,600 |
| HNI (Min) | 2 | 1200 | ₹2,71,200 |
Competitive Strengths
- Wide Range of Products and Solutions for Defence Applications;
- Strong R&D Capabilities with a Focus on Innovation;
- Well Positioned to Benefit from the Government’s “Atmanirbhar Bharat” and ‘Make in India’ Initiatives;
- Strong Relationships with a Diverse and Global Customer Base; and
- Experienced Management Team.
Company Promoters
- C2C Innovations Private Limited
- PVR Multimedia Private Limited
- Lakshmi Chandra
- Maya Chandra
- Subrahmanya Srinivasa Narendra Lanka
- Kuriyedath Ramesh
- Murtaza Ali Soomar
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 0.34 | 2.74 | -2.38 | 5.54 |
| 31 March 2023 | 8.06 | 5.15 | 2.87 | 9.44 |
| 31 March 2024 | 41.29 | 24.70 | 12.39 | – |
| 30 September 2024 | 43.24 | 30.16 | 9.72 | 13.29 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 0.15 |
| RoNW | 11.29% |
| P/BV | 3.62 |
| PAT Margin (%) | 22.51 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 10.02 | 11.69 |
| P/E (x) | 22.56 | 19.33 |
Object Of The Issue
- Funding of capital expenditure towards the purchase of fixed assets (both hardware and software) for its 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.
C2C Advanced Systems IPO Promoter Holding
| Pre Issue Share Holding | 56.52% |
| Post Issue Share Holding | – |
C2C Advanced Systems IPO Prospectus
Company Contact Information
| C2C Advanced Systems Limited No.86, Wings of Eagles, SS Commercial Estate, Varthur Road, Nagavarapalya Main Road, C V Raman Nagar, Bengaluru 560093 Phone: +91 80 4372 4052 Email: compliance@c2c-as.com Website: http://www.c2c-as.com/ |
C2C Advanced Systems IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: c2csme.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
C2C Advanced Systems IPO Lead Manager(s)
| 1. Mark Corporate Advisors Private Limited 2. Beeline Capital Advisors Private Limited |
C2C Advanced Systems IPO FAQs
| What is C2C Advanced Systems IPO? C2C Advanced Systems IPO is an SME IPO. The issue is priced at ₹214 and ₹226 per equity share. The IPO is to be listed on NSE SME. |
| When C2C Advanced Systems IPO will open? The IPO is to open on 22 November 2024 for QIB, NII, and Retail Investors. |
| What is C2C Advanced Systems IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the C2C Advanced Systems IPO? You can apply C2C Advanced Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the C2C Advanced Systems IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “C2C Advanced Systems IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the C2C Advanced Systems IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “C2C Advanced Systems IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the C2C Advanced Systems IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “C2C Advanced Systems IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the C2C Advanced Systems IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “C2C Advanced Systems IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is C2C Advanced Systems IPO Size? C2C Advanced Systems IPO size is ₹99.07 Crore. |
| What is C2C Advanced Systems IPO Price Band? C2C Advanced Systems IPO Price Band is ₹214 – ₹226. |
| What is C2C Advanced Systems IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 600 Shares with ₹1,35,600 amount while the maximum bid is 600 Shares with ₹1,35,600. |
| What is the C2C Advanced Systems IPO Allotment Date? C2C Advanced Systems IPO allotment date is 29 November 2024. |
| What is the C2C Advanced Systems IPO Listing Date? C2C Advanced Systems IPO listing date is 03 December 2024. The IPO is to be listed on NSE SME. |
