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C2C Advanced Systems IPO vs Rajesh Power IPO

Comparison between C2C Advanced Systems IPO and Rajesh Power IPO.

IPO Details

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

 C2C Advanced Systems IPORajesh Power IPO
LogoC2C Advanced Systems IPO LogoRajesh Power IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.ISK Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 Rajesh Power IPO is up to ₹152.29 Cr. The final issue price of C2C Advanced Systems IPO is ₹226.00 per share and of Rajesh Power IPO is ₹335.00 per share.

 C2C Advanced Systems IPORajesh Power IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹214.00 per share₹319.00 per share
Issue Price (Upper)₹226.00 per share₹335.00 per share
Issue Price (Final)₹226.00 per share₹335.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares400 shares
Fresh Issue Size41,64,000 shares25,46,000 shares
Fresh Issue Size (Amount)up to ₹94.11 Crup to ₹85.29 Cr
OFS Issue Size0 shares20,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹67.00 Cr
Issue Size Total41,64,000 shares45,46,000 shares
Issue Size Total (Amount)up to ₹94.11 Crup to ₹152.29 Cr

IPO Timetable

C2C Advanced Systems IPO opens on Nov 22, 2024, while Rajesh Power IPO opens on Nov 25, 2024. The closing date of C2C Advanced Systems IPO and Rajesh Power IPO is Nov 26, 2024, and Nov 27, 2024, respectively.

 C2C Advanced Systems IPORajesh Power IPO
Anchor Bid DateNov 21, 2024Nov 22, 2024
Issue OpenNov 22, 2024Nov 25, 2024
Issue CloseNov 26, 2024Nov 27, 2024
Basis Of Allotment (Tentative)Nov 29, 2024Nov 28, 2024
Initiation of Refunds (Tentative)Dec 02, 2024Nov 29, 2024
Credit of Share (Tentative)Dec 02, 2024Nov 29, 2024
Listing date (Tentative)Dec 03, 2024Dec 02, 2024
Anchor Lockin End date 1Dec 31, 2024Dec 28, 2024
Anchor Lockin End date 2Mar 01, 2025Feb 26, 2025

Financials & KPIs

C2C Advanced Systems IPO P/E ratio is 22.56, as compared to Rajesh Power IPO P/E ratio of 19.59.

 C2C Advanced Systems IPORajesh Power IPO
Financials

C2C Advanced Systems Limited Financial Information (Restated)

C2C Advanced Systems Limited's revenue increased by 412% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets11,058.018,583.511,849.78903.18
Total Income4,324.974,129.82806.7334.79
Profit After Tax972.991,227.69287.52-238.21
Net Worth8,618.727,645.73252.14-136.57
Reserves and Surplus6,864.5296.69
Total Borrowing1,329.02944.74554.77
Amount in ₹ Lakhs

Rajesh Power Services Limited Financial Information (Restated Standalone)

Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33,822.4224,039.0019,823.3817,562.82
Total Income31,785.0929,506.0721,117.5714,936.84
Profit After Tax2,768.252,602.29675.15344.60
Net Worth11,122.228,430.055,865.805,228.69
Reserves and Surplus9,600.486,908.314,344.063,706.95
Total Borrowing7,973.047,767.085,971.206,243.33
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)56.52100
Promoter Shareholding (Post-Issue)73.40
P/E Ratio22.5619.59
Market Cap₹376.09 Cr.₹603.25 Cr.
ROE24.89%
ROCE25.61%
Debt/Equity0.150.92
EPS₹10.02₹17.10
RoNW11.29%25.47%

Shares Offered

In the C2C Advanced Systems IPO Retail Individual Investors (RII) are offered 14,57,400 shares while in Rajesh Power 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 9,13,600 shares in Rajesh Power IPO.

 C2C Advanced Systems IPORajesh Power IPO
Anchor Investor Reserveration12,49,200 shares13,36,400 shares
Market Maker Reserveration2,19,600 shares2,44,000 shares
QIB8,32,800 shares9,13,600 shares
NII6,24,600 shares6,91,200 shares
RII14,57,400 shares16,04,800 shares
Employee
Others
Total41,64,000 shares45,46,000 shares

Bids Received (Subscription)

C2C Advanced Systems IPO subscribed 125.35x in total, whereas Rajesh Power IPO subscribed 59.00x.

 C2C Advanced Systems IPORajesh Power IPO
QIB (times)31.61x46.39x
NII (times)233.13x138.46x
Big NII (times)
Small NII (times)
RII (times)132.73x31.96x
Employee (times)
Other (times)
Total (times)125.35x59.00x