The fluctuations in the Indian stock market in the last few weeks have increased the concern of investors, but the IPO of a new defense company can bring a smile on the faces of investors. This is the IPO of C2C Advanced Systems Limited, which is open for subscription from 22nd November and its listing can happen on 29th November. The company’s IPO is raising new hopes in the market troubled by heavy selling by foreign institutional investors and weak quarterly earnings reports of companies.
Complete information about IPO
The IPO of C2C Advanced Systems Limited is worth Rs 99.07 crore. This includes fresh issue of 43.84 lakh shares. The price band per share for this IPO has been fixed at Rs 214 to Rs 226. The company has reserved half of its issue for Qualified Institutional Buyers (QIB). Apart from this, 35% share has been kept for retail investors and the remaining 15% for non-institutional investors. Investors can invest a minimum of Rs 1,35,600 in this issue, which is the minimum amount required for one lot.
surge in gmp
The GMP (Grey Market Premium) of the IPO of C2C Advanced Systems Limited has created a stir in the market. The GMP till 5 am on November 24 was recorded at 108.41 percent, which shows that investors can get a return of 108% at the time of listing of this IPO. On the basis of GMP, it is estimated that this IPO with a price band of Rs 226 can be listed at Rs 471 per share.
what does the company do
C2C Advanced Systems Limited is a strategic defense solutions provider, designing a variety of products and services including processors, power, radio frequency, radar, microwave, embedded software and firmware. The company is strengthening its presence in the defense sector and is competing with Paras Defense and Space Technologies, an already listed company in the Indian market. Due to this competition, the demand for IPO of C2C Advanced Systems Limited is high.
Why is there demand for this IPO?
There is a lot of enthusiasm in the market regarding the IPO of C2C Advanced Systems Limited. Behind this is the company’s strong base in the defense sector and its ability to provide emerging strategic solutions. Apart from this, the company’s competition with major Indian defense companies is also attracting investors. The company is planning to raise Rs 99.07 crore, which will be important for its growth and expansion in future.
Due to the strong demand of this IPO, there is a possibility of greenery in the Indian stock market. According to market experts, the success of the IPO of C2C Advanced Systems Limited is a sign of increasing interest towards investment in the Indian defense sector. If the situation remains as per GMP estimates on the day of listing, investors can see huge profits in their portfolio.
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