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

29 October 2024

• 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.