C2C Advanced Systems IPO Allotment Expected Soon: Check Status, GMP And Other Key Details Here
C2C Advanced Systems IPO share allotment is expected to be finalised on Nov. 29. The allotment and listing were delayed after a directive from the Securities and Exchange Board of India.
C2C Advanced Systems IPO share allotment status is expected to be finalised soon, following the end of the bidding process. The IPO allotment, scheduled for November 27, was delayed after a directive from the Securities and Exchange Board of India.
The investors are now waiting for the company to finalise the IPO share allotment status.
The C2C Advanced Systems IPO closed with a massive demand on November 26 despite action from market regulator SEBI, which prompted the company to postpone its listing.
The C2C Advanced Systems IPO share allotment and listing had been delayed after the market regulator asked C2C Advanced Systems to appoint an independent auditor and file an independent report on its financials. C2C Advanced Systems has provided IPO investors, including from the anchor portion, the option to withdraw their bids for shares before the allocation can happen.
According to media reports, C2C Advanced Systems IPO share allotment is expected to be done on November 29. The shares are likely to be listed on the NSE SME platform, Emerge, on or before December 3.
The IPO was subscribed 125.42 times on the final day of bidding, with investors applying for 36,56,00,400 shares against the 29,14,800 shares on offer.
The Qualified Institutional Buyers (QIBs) subscribed their quota 31.61 times by applying for 2,63,25,000 shares as compared to 8,32,800 shares on offer. The Non-Institutional Investors (NIIs) submitted bids for 14,58,30,600 shares against the 6,24,600 shares on offer, subscribing their quota by 233.48 times.
The retail portion of the IPO was subscribed 132.73 times. The retail investors applied for 19,34,44,800 shares as compared to 14,57,400 on offer.
The company aims to raise Rs 99.1 crore through its initial public offering, which comprises only a fresh issuance of 43.8 lakh shares.
C2C Advanced Systems IPO price band was fixed at Rs 214 to Rs 226 per share.
How To Check C2C Advanced Systems IPO Share Allotment Status on NSE
Visit the allotment status check page of the NSE here.
Log in with your username and password. (You need to create an account on the NSE to view IPO allotment status)
Select 'C2C Advanced Systems Limited' from the dropdown menu.
Verify PAN details.
Enter the application number for the IPO.
Click submit to check the allotment details.
Steps To Check C2C Advanced Systems IPO Allotment Status On Link Intime India
Visit the IPO allotment page on Link Intime India here.
From the dropdown menu, select 'C2C Advanced Systems Ltd.' from the list of companies. (The name will be visible after the share allocation is finalised)
Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status.
Enter the required details based on your selection.
Click the 'Submit' button to check the allotment status.
C2C Advanced Systems IPO GMP Today
C2C Advanced Systems IPO GMP was indicating a listing gain of 79.65% on the upper end of the price band on Nov. 28.
C2C Advanced Systems IPO GMP (grey market premium) stood at Rs 180 per share, as per InvestorGain, indicating a strong listing over the upper limit of the price band. This indicates a listing price of Rs 406 per share compared to the IPO price of Rs 226 per share.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
About C2C Advanced Systems Ltd.
New Delhi-based C2C Advanced Systems Ltd., is a vertically integrated defence electronics solutions provider catering to the indigenously developed defence products industry in India. Formerly known as C2C – DB Systems Private Limited, the company was incorporated in 2018.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
