C2C

C2C Advanced Systems Limited raised Rs 28.23 Crore via Anchor Investors Prior to IPO Launch

Business News

Mumbai (Maharashtra) [India], November 22: C2C Advanced Systems Limited specializes in development of complex systems for defence, homeland security and aerospace sectors, successfully secured a capital infusion of ₹ 28.23 crore through anchor book process on November 21, 2024 just ahead of the company’s scheduled IPO launch. According to the exchange filing, 8 esteemed investors participated in the anchor book offering. These notable investors include:

  1. Aarth AIF
  2. Bengal Finance & Investment Pvt. Ltd.
  3. J4S Venture Fund- I
  4. Kingsman Wealth Fund PCC KIF – II
  5. LC Radiance Fund VCC,
  6. NAV Capital VCC – NAV Capital Emerging Star Fund,
  7. Negen Undiscovered Value Fund
  8. Shine Star Build Cap Pvt. Ltd.

C2C Advanced Systems Limited has allocated a total of12,49,200 Equity Shares to these anchor investors, with each share priced at ₹ 226. This calculated pricing highlights the strong investor confidence in the company’s prospects and its position in the market.

If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.


Discover more from Up18 News

Subscribe to get the latest posts sent to your email.