स्टॉक टारगेट

This Stock Rose 275% In 11 Days


C2C Advanced Systems: C2C Advanced Systems’ share has steadily risen since its listing. Share of the company rose by 10 percent on Wednesday, reaching a 52-week high price at Rs 845.95.

On December 3, this month, the company’s share was listed on NSE SME Emerge at Rs 429.40, a 90 percent discount. It has risen 275 percent since its IPO and is now worth Rs 1407.76 Crore.

What is the Detail?

Initial interest in C2C Advanced Systems’ IPO was high. C2C Advanced Systems specializes in aerospace and defense solutions.

Investors bid 36.56 crore shares for C2C Advanced Systems IPO, while there were only 29.15 lakh shares available. C2C Advanced Systems IPO of Rs 99 crores was a failure later.

SEBI’s actions led to the withdrawal of more than 3.72 lakh applications, worth Rs 27 crore. The price range of the share was Rs 214 to Rs 226.

The IPO took place from 22 November until 26 November.

SEBI instructed the company on the second day after the IPO to appoint a third-party auditor to review its financial statements.

The regulator also asked the National Stock Exchange to establish a monitoring agency that would monitor the use of the funds raised by the IPO.

Quick Fact

Company name C2C Advanced Systems
Share listing price ₹429.40
IPO price range ₹214 – ₹226
IPO period 22 November – 26 November
IPO size ₹99 crore
Shares available in IPO 29.15 lakh
Shares bid during IPO 36.56 crore
Market capitalization ₹1407.76 crore
Business focus Aerospace and defense solutions
IPO performance Rose up to 275% from IPO price
Possible target price Not mentioned in the article
SEBI action Third-party audit required
SEBI monitoring Agency to monitor IPO fund use

Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.

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A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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