C2C Advanced Systems IPO GMP: We are telling you about the initial public offering (IPO) of C2C Advanced Systems here. This is an SME IPO, due to which one can invest in it only if one has a minimum of Rs 1,28,400. Sometimes, due to the large amount, retail investors do not invest in this as they do in mainboard IPOs. But the way C2C Advanced Systems IPO GMP is indicating, it seems that it can give double returns. Its subscription status shows that people are taking a lot of interest in it.

C2C Advanced Systems IPO GMP Today: How much is the GMP of C2C Advanced Systems IPO

The subscription status also reflects grey market trends, as unlisted shares of C2C Advanced Systems continue to command a solid premium in the unofficial market. According to experts tracking grey market activity, unlisted shares of C2C Advanced Systems were trading at a premium of Rs 245 against the upper price band of Rs 226, implying a GMP of 108.41 percent.

How many subscriptions did you get?

On the first day of bidding, November 22, C2C Advanced Systems IPO received a tremendous response, especially from retail and non-institutional investors. As against the IPO size of 29.49 lakh shares, investors bid for 7.92 crore equity shares, resulting in a subscription rate of 27.19 times. Data from NSE shows that the C2C Advanced Systems IPO has been oversubscribed 27.19 times, with bids received for 2,914,800 shares so far, while the number of shares on offer was 7,92,51,600.

Retail individual investors (RIIs) subscribed 42.64 times to the IPO and received 6,21,44,400 shares out of 1,457,400 shares reserved for them. NIIs (non-institutional investors) have 624,600 shares reserved for them, of which they bid for 1,66,63,200 shares, which amounts to 26.68 times the subscription for the IPO.

There are 832,800 shares reserved for QIBs (qualified institutional buyers), of which they have bid for 4,44,000 shares, equivalent to a subscription rate of 0.53 times.

Price band and minimum bid

The initial public offering (IPO) of C2C Advanced Systems is priced between Rs 214 and Rs 226 per share. A minimum lot size of 600 shares is required for investment. Retail investors need to invest a minimum of Rs 1,35,600. The minimum lot size investment for HNIs is two lots of 1,200 shares or Rs 2,71,200.

Subscription and listing timeline

The subscription window for C2C Advanced Systems IPO is scheduled to end on Tuesday, November 26, 2024. Subsequently, the basis of allotment is expected to be finalized on Wednesday, November 27, 2024, and the shares will be credited to demat accounts on Thursday, November 28, 2024. Shares of C2C Advanced Systems are expected to be listed on NSE SME with a tentative listing date scheduled as Friday, November 29, 2024.

Link Intime India is the registrar for the C2C Advanced Systems IPO, while the book-running lead managers to the public issue include Mark Corporate Advisors and Beeline Capital Advisors.