C2C Advanced Systems Limited IPO closed on November 26, 2024

Mumbai (Maharashtra) [India], November 27: C2C Advanced Systems Limited has successfully concluded its Initial Public Offering (IPO) on 26th November, raising ₹8,257.61 crore with an oversubscription of 125.35 times. The IPO received substantial participation across investor categories: the Qualified Institutional Buyers segment was oversubscribed 31.61 times with ₹594.95 crore procured, Non-Institutional Investors oversubscribed 233.13 times with ₹3,290.81 crore procured, and Retail Individual Investors oversubscribed 132.73 times, procuring ₹4,371.85 crore. The funds raised will be used to enhance operations, expand market presence and support innovation.

The shares are set to be listed on the stock exchanges on 3rd December, marking a significant milestone for the company.