C2C Advanced Systems SME IPO
Overview
Founded in 2018, C2C Advanced Systems Limited specializes in providing cutting-edge, indigenously developed solutions for air and sea defense platforms. The company has earned recognition for its expertise in C4I systems, AI/ML-driven analytics, and enterprise data integration, among other domains.
Key achievements include developing and delivering a Combat Management System to the Royal Malaysian Navy, which underlines its ability to compete globally. Product Portfolio
C2C’s offerings include:
Combat Management Systems
C4I Systems
Anti-Drone Command and Control Systems
Air Defense Subsystems
Integrated Platform and Vessel Management Systems
These products emphasize customization, ensuring high compatibility with modern military and industrial standards. Business Model and Core Competencies
The company's operations align with India's Atmanirbhar Bharat and Make in India initiatives, focusing on:
Virtual Supply Chain: Real-time actionable data through sensor-based software solutions.
Virtual Logistics: Integration of commercial off-the-shelf (COTS) electronics into durable enclosures for extreme environments.
Virtual Maintenance: Real-time data extraction systems for situational awareness.
AI/ML Integration: Cutting-edge technology embedded in all offerings for enhanced functionality.
Strengths of C2C Advanced Systems
Diverse Product Range: Solutions tailored for critical defense applications.
Technological Edge: Expertise in C4I systems and AI/ML analytics.
Innovation and R&D Focus: Continual investment in advanced defense technologies.
Strategic Alignment: Contribution to India's defense self-reliance policies.
Global Reach: Established relationships with international clients.
Competitive Pricing: Delivering high-quality, cost-effective solutions.
Risks and Challenges
While C2C Advanced Systems demonstrates significant potential, there are risks to consider:
Heavy reliance on government contracts for domestic revenue.
Dependence on a limited customer base, making it vulnerable to revenue fluctuations.
Liquidity concerns due to high trade receivables and payables.
A history of net losses, which could impact financial stability.
Risk of reduced competitiveness if innovation efforts falter.
IPO Objectives
The proceeds from the IPO will be utilized for:
Capital Expenditure: Purchase of fixed assets.
Working Capital: Funding operational requirements.
Corporate Purposes: General financial needs of the company.
C2C Advanced Systems IPO: Key Details
IPO Dates: 22nd to 26th November 2024
Price Band: ₹214 to ₹226 per share
Lot Size: 600 shares
Amount Per Lot: ₹1,35,600
Total Issue Size: ₹99.07 Crores
Retail Quota: 33.25%
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