Why C2C Advanced Systems IPO Is Delayed
C2C Advanced Systems IPO is delayed after SEBI mandated the appointment of an independent auditor. The delay stems from an investor complaint about company disclosures. SEBI requires a full audit before the listing process can continue.
Key Facts About the IPO
- Company: C2C Advanced Systems
- Purpose: Raising ₹99.07 crore for business expansion and working capital.
- Price Band: ₹214-226 per share.
- IPO Opening Date: November 22, 2024.
Investors showed strong interest during the subscription period, reflecting trust in the company’s growth prospects.
Options for Investors
- Cancel Your Bid: Investors can withdraw their applications through brokers or platforms used for IPO bidding.
- Stay Invested: Wait for the audit to finish and updates about the new listing date.
Make sure to review the terms carefully before deciding.
What Happens Next
C2C Advanced Systems must fulfill SEBI’s requirements and finish the audit process. The company is expected to address all regulatory concerns and announce a new listing timeline soon.
Stay informed to make smart decisions about the why C2C Advanced Systems IPO Is Delayed.
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