SME IPO Alert: C2C Advanced Systems Gets NSE Nod for Launch – Here’s Everything You Need to Know

SME IPO Update: Technology firm C2C Advanced Systems has received the green light from the National Stock Exchange (NSE) to move ahead with its SME initial public offering (IPO). This approval follows the submission of the company’s draft red herring prospectus (DRHP).

The IPO will include a fresh issue of up to 43,62,865 equity shares, each priced at a face value of ₹10.

The funds raised from the IPO will be used for purchasing fixed assets, setting up new offices in Bengaluru, creating an Experience Centre in Dubai, covering security deposits for the new office, meeting working capital needs, and general corporate purposes.

Beeline Capital Advisors Private Limited and Mark Corporate Advisors Private Limited have been appointed as the book-running lead managers for this IPO. Link Intime India will act as the registrar.

What does C2C Advanced Systems do?

C2C Advanced Systems is a technology company with more than 20 years of experience, focusing on defence, aerospace, and homeland security. The company provides customised, high-tech systems and advanced sensor integration solutions to clients worldwide.

They specialise in innovative technology solutions, re-engineering, and retrofitting to address outdated systems. C2C is also involved in creating Command and Control systems for industrial platforms, with a focus on supply chain and logistics virtualisation.

Their expertise includes system integration, software development, and testing. One of their key achievements is delivering a Combat Management System to the Royal Malaysian Navy.

According to the company’s website, their notable clients include DRDO, Indian Navy, Indian Army, HAL, BHEL, L&T Defence, Wipro, Honda, Oracle, ABB, E&Y, PWC, TVS Group, and BEL.