GMP Surge:Despite facing regulatory scrutiny from SEBI and a significant withdrawal of applications, the Grey Market Premium (GMP) for C2C Advanced Systems’ IPO has surged by 84%.
IPO Price Band: The company had set the IPO price band at ₹214-226 per share.
Focus Areas: C2C Advanced Systems is a leading player in advanced solutions for defense, homeland security, and aerospace industries.
Strong Financials: The company’s robust financial performance has contributed to investor interest.
SEBI Scrutiny: Recent regulatory action by SEBI led to a massive withdrawal of applications, particularly from retail investors.
Institutional Investor Interest: Despite the withdrawal, significant interest from institutional investors continues to drive the GMP upward.
Listing Day: The IPO was listed on the stock exchanges on November 29, 2024