C2C Superior Techniques IPO will open for subscription on Friday, November 22, and shut on Tuesday, November 26. C2C Superior Techniques IPO worth has been fastened within the vary of ₹214 to ₹226 per fairness share of face worth of ₹10 every. Bids might be made for no less than 600 fairness shares and in multiples of 600 fairness shares thereafter.
C2C Superior Techniques Restricted, previously often called C2C – DB Techniques Personal Restricted, was included in 2018. The corporate is a vertically built-in supplier of protection electronics options, serving the indigenously developed protection merchandise trade in India.
The agency’s core competencies embrace C4I techniques for efficient situational consciousness and determination assist, AI/ML-based massive information analytics, enterprise integration of real-time information from the Industrial Web of Issues (IIoT), and embedded/FPGA designs.
The corporate’s enterprise mannequin for digital transformation focuses on 4 important companies: Digital Provide Chain, Digital Logistics, Digital Upkeep, and the Software of AI/ML applied sciences.
As per the pink herring prospectus (RHP), the corporate’s sole peer is Paras Defence and Area Applied sciences Ltd (with a P/E of 116.89).
C2C Superior Techniques Restricted skilled a income enhance of 412% and a revenue after tax (PAT) rise of 327% between the monetary years ending March 31, 2024, and March 31, 2023.
C2C Superior Techniques IPO particulars
C2C Superior Techniques IPO consists of a recent challenge of 4,383,600 fairness shares, aggregating to ₹99.07 crore. There isn’t any supply on the market (OFS) part.
The IPO’s internet proceeds can be used to fund capital expenditures for the renovation of the present Expertise Heart and the institution of a Coaching Heart in Bengaluru, in addition to a brand new Expertise Heart in Dubai. Moreover, the funds can be used for fit-outs on the new places in Bengaluru and Dubai, the fee of the safety deposit for the brand new location in Bengaluru, Karnataka, India, working capital necessities, common company functions, and challenge bills.
The C2C Superior Techniques IPO’s e book working lead managers are Mark Company Advisors Personal Restricted and Beeline Capital Advisors Pvt Ltd, whereas the problem’s registrar is Hyperlink Intime India Personal Ltd. Unfold X Securities is the market maker for the C2C Superior Techniques IPO.
C2C Superior Techniques IPO GMP at the moment
C2C Superior Techniques IPO GMP at the moment is +245. This means C2C Superior Techniques share worth was buying and selling at a premium of ₹245 within the gray market, in keeping with investorgain.com.
Contemplating the higher finish of the IPO worth band and the present premium within the gray market, the estimated itemizing worth of C2C Superior Techniques share worth is indicated at ₹471 apiece, which is 108.41% increased than the IPO worth of ₹226.
‘Gray market premium’ signifies traders’ readiness to pay greater than the problem worth.
Disclaimer: The views and suggestions above are these of particular person analysts, consultants and broking corporations, not of Mint. We advise traders to verify with licensed consultants earlier than making any funding determination.
