C2C Advanced Systems Limited 

C2C Advanced System Limited, a fully integrated defense electronics solutions supplier situated in New Delhi, serves India’s domestically produced defense goods market. In 2018, the business was incorporated under the name C2C-DB Systems Private Limited.

C2C Advanced Systems IPO Allotment Status 

Following the completion of the bidding procedure, the C2C Advanced Systems IPO share allocation status is expected to be finalized shortly. Following an order from the Securities and Exchange Board of India, the November 27 IPO allotment was postponed and hence Investors are still awaiting the company’s finalization of the IPO share allocation status. Despite market regulator SEBI’s action, which caused a company to postpone its offering, the C2C Advanced Systems IPO commenced on November 26 with a huge demand.

NEWS UPDATES!

After the market regulator’s request that C2C Advanced Systems hire an independent auditor and provide an independent financial report, the company’s initial public offering (IPO) share allocation and listing were postponed. Before the allocation can take place, C2C Advanced Systems has given IPO investors—including investors from the anchor portion—the choice to withdraw their bids for shares.

Media reports state that the C2C Advanced Systems initial public offering (IPO) share allocation is expected to take place on November 29. On or before December 3, the shares should be launched on Emerge, the NSE SME platform. On the last day of bidding, the IPO was subscribed 125.42 times, with investors submitting applications for 36,56,00,400 shares out of the 29,14,800 shares available.

C2C Advanced Systems IPO GMP Today 

On November 27, the C2C Advanced Systems IPO GMP was showing a listing gain of 64.16% on the higher end of the pricing range. According to the reports, C2C Advanced Systems’ IPO GMP (grey market premium) was Rs 145 per share. Compared to the IPO price of Rs 226 per share, this suggests a listing price of Rs 371 per share.

How To Check C2C Advanced Systems IPO Share Allotment Status on NSE 

• Visit website of the NSE- Link – https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp 
• Log in with your username and password.
• Select ‘C2C Advanced Systems Limited’ from the dropdown menu. 
• Verify PAN card details.
• Enter the application number for the IPO. 
• Click ‘submit’ to check the allotment details

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(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)

Authored by – Deepa Trivedi

C2C Advanced Systems IPO

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