C2C Advanced Systems Limited is generating significant buzz as it prepares for its SME IPO, which is set to open on November 22, 2024, and close on November 26, 2024. The company’s Grey Market Premium (GMP) has surged in recent days, reflecting robust investor sentiment. As of November 17, 2024, C2C Advanced Systems SME IPO GMP stands at a remarkable ₹220, signaling a potential listing price of ₹446 per share, based on the upper end of the price band and the current GMP.
Day-wise GMP Trend Overview
C2C Advanced Systems’ GMP trend showcases stability, with no changes in the premium over the last several days, suggesting steady investor confidence. The most recent GMP data is as follows:
| Date | IPO Price | GMP | Movement | Estimated Listing Price | Sub2 Sauda Rate |
|---|---|---|---|---|---|
| 17-11-2024 | ₹226.00 | ₹220 | No Change | ₹446 (97.35%) | 100300 |
| 16-11-2024 | ₹226.00 | ₹220 | No Change | ₹446 (97.35%) | 100300 |
| 15-11-2024 | ₹226.00 | ₹220 | Up | ₹446 (97.35%) | 100300 |
| 14-11-2024 | ₹226.00 | ₹200 | No Change | ₹426 (88.5%) | 91200 |
As reflected in the data, the GMP of ₹220 suggests that C2C Advanced Systems’ shares are expected to list at a premium of 97.35% to the upper issue price of ₹226, with an estimated listing price of ₹446. This has led many analysts to expect a solid debut for the company on November 29, 2024, the expected listing date.
Also Read: C2C Advanced Systems IPO Review: Should You Invest?
IPO Details: Key Dates and Issue Information
The C2C Advanced Systems SME IPO will open on November 22, 2024, and close on November 26, 2024. Here’s a snapshot of the key IPO details:
- IPO Price Band: ₹214 to ₹226 per share
- Lot Size: 600 shares
- Issue Type: Book-built issue
- Total Issue Size: 4,383,600 shares (aggregating up to ₹99.07 crore)
- Listing: NSE SME
- Fresh Issue: 4,383,600 shares (aggregating up to ₹99.07 crore)
- Market Maker Portion: 219,600 shares
- Shareholding Pre-Issue: 12,257,568 shares
- Shareholding Post-Issue: 16,641,168 shares
This offering will be exclusively listed on the NSE SME platform, targeting a wide array of investors interested in small- and medium-sized enterprises with a promising growth trajectory.
Company Performance and Growth Prospects
C2C Advanced Systems Limited has shown impressive financial growth. The company’s revenue saw a massive 412% increase, and its profit after tax (PAT) grew by 327% from the financial year ending March 31, 2023, to March 31, 2024. This sharp rise in both top-line and bottom-line performance highlights the company’s ability to scale its operations and achieve strong profitability.
The company specializes in providing digital transformation systems and related services tailored with specialized features. C2C Advanced Systems focuses on critical product development and servicing, a niche that allows it to command healthy profit margins. Its ability to meet the growing demand for advanced digital solutions across various sectors has positioned it for continued growth.
Management is optimistic about repeating this performance as it completes its ongoing expansion plans, suggesting that investors can expect steady returns in the medium to long term. With increasing demand for digital transformation services, the company’s prospects remain positive.
Analyst View on the IPO
Analysts are largely bullish on the IPO, noting that C2C Advanced Systems has a strong track record and a promising business model. Dilip Davda, a well-known market analyst, recommends that investors park their funds for the medium to long term given the company’s growth potential. The expected strong listing gains, as indicated by the current GMP, further strengthen this outlook.
C2C Advanced Systems’ focus on critical product development and its strategic positioning in the digital transformation sector make it an attractive option for investors looking for exposure to high-growth segments of the economy. The company’s ability to achieve high margins and its ongoing expansion plans add to its long-term appeal.
Conclusion
With a GMP of ₹220 and an estimated listing price of ₹446, the C2C Advanced Systems SME IPO looks set for a promising debut. The company’s strong financial performance, coupled with its specialization in the rapidly growing digital transformation sector, makes it an attractive investment opportunity. Investors looking for substantial listing gains and long-term growth potential may want to consider participating in the IPO, which opens for subscription on November 22, 2024. The listing date is expected to be November 29, 2024, marking the beginning of a new chapter for C2C Advanced Systems Limited in the public market.