C2C Advanced Systems shares to debut today. GMP indicates maximum listing gains
C2C Advanced Systems will debut on the NSE SME platform on Tuesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 240 in the grey market.
Considering the upper price band of Rs 226, the stock is expected to see a maximum listing gain of 90% over the issue price.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
The IPO, which was completely a fresh equity sale of 43.8 lakh shares, received a robust response from investors with a subscription of over 100 times. The issue received bids for 36.56 crore shares as against a marginal 31 lakh shares on offer. The company raised around Rs 99 crore through the issue, which is one of the largest in the SME segment this year.
Also Read: IPO afterparty of 2024 a dull affair with every second stock in red
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
A2Z of Stock Trading — Online Stock Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
RSI Trading Techniques: Mastering the RSI Indicator
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Mastering Options Selling: Advanced Strategies for Success
By — CA Manish Singh, Chartered
