C2C Advanced Systems’ Initial Public Offering (IPO) has been making headlines, but not for the usual reasons. The much-anticipated IPO has faced multiple delays and uncertainties, leaving investors in a state of suspense.
A Series of Postponements
Originally scheduled for November 27, 2024, the IPO’s listing was postponed due to concerns raised by the Securities and Exchange Board of India (SEBI). SEBI ordered C2C Advanced Systems to appoint an independent auditor to review its financial accounts and submit a detailed report.
This unexpected development led to a series of postponements, affecting both the allotment and listing dates. The latest update suggests that the allotment status is likely to be finalized on December 3, 2024. However, even this date remains tentative, subject to further regulatory approvals and the completion of the independent audit.
The Enticing Grey Market Premium
Despite the delays, the C2C Advanced Systems IPO has garnered significant attention from investors, primarily due to its attractive grey market premium (GMP). The GMP, which reflects the premium at which shares are traded in the unofficial grey market, has been consistently high, indicating strong investor interest.
As of December 2, 2024, the GMP for C2C Advanced Systems’ IPO is around Rs 195, which translates to a potential listing price of Rs 421 per share, a premium of 86% over the issue price of Rs 226. This significant premium has fueled speculation about the IPO’s potential listing gains.
How to Check the Allotment Status
Once the allotment is finalized, investors can check their status through the following methods:
- NSE India Website:
- Visit the NSE India website and navigate to the ‘Investors’ section.
- Look for the ‘IPO Allotment’ link and click on it.
- Enter your PAN number and application number to view your allotment status.
- Link Intime India Website:
- Visit the Link Intime India website and search for the ‘IPO Allotment’ section.
- Follow the instructions provided on the website to check your allotment status.
What to Expect Next
While the delays have caused some inconvenience to investors, the high GMP and strong investor interest suggest that C2C Advanced Systems’ IPO could be a lucrative investment opportunity. However, it’s important to exercise caution and conduct thorough research before investing in any IPO.
Investors should closely monitor the latest updates from SEBI and C2C Advanced Systems regarding the independent audit and the finalization of the allotment and listing dates.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investors are advised to 1 consult with a financial advisor before making any investment decisions.
