C2C Advanced Systems IPO vs Nisus Finance IPO

Comparison between C2C Advanced Systems IPO and Nisus Finance IPO.

IPO Details

C2C Advanced Systems IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Nisus Finance IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of C2C Advanced Systems IPO is up to ₹94.11 Cr whereas the issue size of the Nisus Finance IPO is up to ₹107.91 Cr. The final issue price of C2C Advanced Systems IPO is ₹226.00 per share and of Nisus Finance IPO is ₹180.00 per share.

 C2C Advanced Systems IPONisus Finance IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹214.00 per share₹170.00 per share
Issue Price (Upper)₹226.00 per share₹180.00 per share
Issue Price (Final)₹226.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size600 shares800 shares
Fresh Issue Size41,64,000 shares52,94,400 shares
Fresh Issue Size (Amount)up to ₹94.11 Crup to ₹95.30 Cr
OFS Issue Size0 shares7,00,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹12.61 Cr
Issue Size Total41,64,000 shares59,95,200 shares
Issue Size Total (Amount)up to ₹94.11 Crup to ₹107.91 Cr

IPO Timetable

C2C Advanced Systems IPO opens on Nov 22, 2024, while Nisus Finance IPO opens on Dec 04, 2024. The closing date of C2C Advanced Systems IPO and Nisus Finance IPO is Nov 26, 2024, and Dec 06, 2024, respectively.

 C2C Advanced Systems IPONisus Finance IPO
Anchor Bid DateNov 21, 2024Dec 03, 2024
Issue OpenNov 22, 2024Dec 04, 2024
Issue CloseNov 26, 2024Dec 06, 2024
Basis Of Allotment (Tentative)Nov 29, 2024Dec 09, 2024
Initiation of Refunds (Tentative)Dec 02, 2024Dec 10, 2024
Credit of Share (Tentative)Dec 02, 2024Dec 10, 2024
Listing date (Tentative)Dec 03, 2024Dec 11, 2024
Anchor Lockin End date 1Dec 31, 2024Jan 08, 2025
Anchor Lockin End date 2Mar 01, 2025Mar 09, 2025

Financials & KPIs

C2C Advanced Systems IPO P/E ratio is 22.56, as compared to Nisus Finance IPO P/E ratio of 14.24.

 C2C Advanced Systems IPONisus Finance IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets110.5885.8418.509.03
Total Income43.2541.308.070.35
Profit After Tax9.7312.282.88-2.38
NET Worth86.1976.462.52-1.37
Reserves and Surplus68.650.97
Total Borrowing13.299.455.55
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets58.3649.0331.0620.77
Total Income15.0142.2511.547.50
Profit After Tax8.3623.053.021.29
NET Worth38.7731.309.396.39
Reserves and Surplus22.3631.198.325.32
Total Borrowing6.647.2718.1410.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)55.2999.74
Promoter Shareholding (Post-Issue)40.7373.22
P/E Ratio22.5614.24
Market Cap₹376.09 Cr.₹429.81 Cr.
ROE109.83
ROCE101.63
Debt/Equity0.150.23
EPS₹10.02₹12.64
RoNW11.2973.09

Shares Offered

In the C2C Advanced Systems IPO Retail Individual Investors (RII) are offered 14,57,400 shares while in Nisus Finance IPO retail investors are offered 14,57,400 shares. Qualified Institutional Buyers (QIB) are offered 8,32,800 shares in C2C Advanced Systems IPO and 11,94,400 shares in Nisus Finance IPO.

 C2C Advanced Systems IPONisus Finance IPO
Anchor Investor Reservation12,49,200 shares17,89,600 shares
Market Maker Reservation2,19,600 shares3,51,200 shares
QIB8,32,800 shares11,94,400 shares
NII6,24,600 shares8,96,000 shares
RII14,57,400 shares20,91,200 shares
Employee24,000 shares
Others
Total41,64,000 shares59,95,200 shares

Bids Received (Subscription)

C2C Advanced Systems IPO subscribed 87.75x in total, whereas Nisus Finance IPO subscribed 134.89x.

 C2C Advanced Systems IPONisus Finance IPO
QIB (times)31.61x93.84x
NII (times)233.13x451.21x
Big NII (times)
Small NII (times)
RII (times)132.73x139.78x
Employee (times)0.90x
Other (times)
Total (times)87.75x134.89x

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