The allotment status for the much-awaited C2C Advanced Systems Initial Public Offering (IPO) is likely to be released today, November 29, 2024. Investors who applied for the IPO are eagerly waiting to know if they have received shares in the company. The C2C Advanced Systems IPO was oversubscribed by a huge margin, which has added to the excitement around the allotment results.
Once the IPO allotment is finalized, applicants can easily check their allotment status online through the official website of the registrar, Link Intime India Private Limited.
How to Verify the Allotment Status for C2C Advanced Systems IPO
Here’s an easy-to-follow guide to check the allotment status of your C2C Advanced Systems IPO online:
- Open the Link Intime India Website: Start by going to the official website of Link Intime India at www.linkintime.co.in.
- Search for C2C Advanced Systems IPO: Once on the homepage, look for the IPO allotment section. You can also use the search bar to directly find the C2C Advanced Systems IPO.
- Choose Your Checking Option: You will be given multiple options to check your allotment status: Application Number, Demat Account, or PAN. Select your preferred method.
- Enter Required Details: Depending on the option you choose, enter the necessary details like your application number, Demat account number, or PAN number in the respective fields.
- Complete CAPTCHA and Submit: After entering the details, complete the CAPTCHA verification to confirm that you’re not a robot. Then, click the ‘Submit’ button.
- Check Allotment Status: After submission, the allotment status for your C2C Advanced Systems IPO will appear on the screen.
C2C Advanced Systems IPO Subscription Details
The C2C Advanced Systems IPO was a big hit among investors. It attracted overwhelming interest from all investor categories. The IPO was oversubscribed by 125.35 times, raising a total of ₹8,257.61 crore. Here’s a breakdown of the subscription details:
- Qualified Institutional Buyers (QIBs): The QIB portion was oversubscribed by 31.61 times, attracting ₹594.95 crore in bids.
- Non-Institutional Investors (NIIs): The NII segment was the most oversubscribed, with 233.13 times more bids than the available shares, raising ₹3,290.81 crore.
- Retail Individual Investors (RIIs): The RII portion was also highly oversubscribed, by 132.73 times, with ₹4,371.85 crore raised.
This level of demand shows that investors have high expectations for the company’s growth and performance.
The Grey Market Premium (GMP) for the C2C Advanced Systems IPO has seen an increase, currently standing at ₹190. The GMP indicates the price at which shares are being traded in the unofficial market prior to listing. Based on this, it is anticipated that C2C Advanced Systems shares may list at ₹416, offering an 84% premium over the issue price of ₹226. However, it’s important to remember that GMP is not a guarantee of future performance and should be viewed with caution.
C2C Advanced Systems is a prominent provider of defense electronics solutions in India. The company designs, manufactures, and supplies a wide range of electronics products for the defense sector. C2C Advanced Systems focuses on indigenously developed defense products and aims to strengthen India’s defense capabilities through cutting-edge technology.
The C2C Advanced Systems IPO has generated significant excitement, and its performance on the stock market is something that investors will be closely watching after the allotment process is completed. Keep an eye on the allotment status and the upcoming listing, expected to take place on or before December 3, 2024.
