The allotment for the C2C Advanced Systems IPO is now complete, and investors can check their allotment status. This IPO, launched by the Bengaluru-based defense solutions provider, received strong interest from various investors during its subscription period.
C2C Advanced Systems IPO Allotment Status
The C2C Advanced Systems IPO offered shares in the price range of ₹214 to ₹226, with a lot size of 600 shares. The IPO raised a total of ₹99.07 crore through a fresh issue of 43,83,600 equity shares. It saw an overwhelming response, with the overall subscription reaching 125.35 times.
Here’s how different categories of investors participated:
- Retail Investors: Subscribed 133 times.
- Non-Institutional Investors (NIIs): Subscribed 233 times.
- Qualified Institutional Buyers (QIBs): Subscribed 31.61 times.
The basis of allotment for the shares was finalized on November 27, 2024.
How to Check IPO Allotment Status
Investors can easily check their allotment status through the following methods:
- Via Link Intime India Website:
- Visit the official registrar’s website: Link Intime India.
- Select the C2C Advanced Systems IPO from the dropdown menu.
- Provide your details, including PAN number, application number, or DP Client ID.
- Press the Submit button to check your allotment status.
- Via NSE Website:
- Visit the NSE IPO page: NSE India IPO Allotment.
- Log in using your credentials.
- Select the IPO name, enter your PAN number and application details, and click Get Data.
The Grey Market Premium (GMP) shows the unofficial trading price of shares prior to their listing. It gives investors an idea of the stock’s potential listing performance.
The GMP for C2C Advanced Systems was ₹245 at the start of the subscription period. However, after the IPO closed, the GMP corrected to ₹120-₹150, indicating a possible listing gain of up to 66%.
C2C Advanced Systems is a leading defense electronics provider offering specialized solutions like C4I systems, AI/ML-based big data analytics, and enterprise integration of real-time data. The company caters to India’s defense industry and plays a key role in indigenously developed defense products.
Important Reminders for Investors
- The allotment status is final, and successful investors will receive notifications through SMS or email regarding share credit or fund refunds.
- The GMP reflects market expectations but does not assure future stock performance.
- Ensure you conduct detailed research before making any investment choices.
