C2C Advanced Systems receives in-principle nod from NSE to launch SME IPO

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Senior Executive Digital Marketer

Publish Date29 October 2024

Reading time2 Min

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C2C Advanced Systems, a technology company, has received in-principle approval from the National Stock Exchange (NSE) for its draft red herring prospectus (DRHP) to proceed with an SME initial public offering (IPO).
The IPO includes a fresh issuance of up to 4,362,865 equity shares, each with aface value of ₹10.
For this IPO, C2C Advanced Systems has designated Beeline Capital Advisors Private Limited and Mark Corporate Advisors Private Limited as the book-running lead managers (BRLM) to the issue, with Link Intime India appointed as the registrar.
Their expertise encompasses system integration, architecture, software development, and testing. Notably, the company has delivered a state-of-the-art Combat Management System to the Royal Malaysian Navy.
As per the company’s website, it has many marquee customers on board such as Defence Research and Development Organisation (DRDO), Indian Navy, Indian Army, Hindustan Aeronautics Limited (HAL), BHEL, L&T Defence, Wipro, Honda, Oracle, ABB, E&Y, PWC, TVS Group and BEL.