Business

C2C Advanced Systems Limited IPO closed on November 26, 2024

C2C Advanced Systems Limited IPO closed on November 26, 2024

Nov 27, 2024

Mumbai (Maharashtra) [India], November 27: C2C Advanced Systems Limited has successfully concluded its Initial Public Offering (IPO) on 26th November, raising Rs8,257.61 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 Rs594.95 crore procured, Non-Institutional Investors oversubscribed 233.13 times with Rs3,290.81 crore procured, and Retail Individual Investors oversubscribed 132.73 times, procuring Rs4,371.85 crore. The funds raised will be used to enhance operations, expand market presence and support innovation.

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