C2C Advanced Systems had postponed its listing after SEBI mandated it to appoint independent auditors to review its financial accounts and submit an independent report.

The IPO of C2C Advanced Systems has seen nearly 80 per cent of individual investors withdraw their bids. The move comes after the company’s listing was postponed due to regulatory concerns.

C2C Advanced Systems sold its shares in the price band of Rs 214-226 apiece, which could apply for a minimum of 600 shares and its multiples thereafter to raise a total of Rs 99.07 crore.

C2C Advanced Systems IPO: The last date for investors to withdraw their application for the C2C Advanced IPO is Thursday, Nov. 28. On Monday, the company announced that it postponed its IPO listing, originally scheduled for Nov. 29, after the Securities and Exchange Board of India (SEBI) issued a directive.

Once the allotment is finalised, investors can check their status by visiting the official websites of NSE and Link Intime India, the registrar for the issue: C2C Advanced Systems IPO

Following the conclusion of the bidding process for the C2C Advanced Systems IPO, investor attention has shifted to the allotment status and the listing timeline. Garnering a massive response, the IPO was oversubscribed by a notable margin,

The sharp drop in C2C Advanced Systems' IPO GMP follows SEBI’s intervention after receiving a complaint from an investor.

C2C Advanced Systems has postponed its share listing following directives from NSE and SEBI, which require the appointment of independent auditors and a financial report.

C2C Advanced Systems IPO oversubscribed 116.67 times, postponed due to discrepancies, investors given withdrawal option till8.

C2C Advanced Systems IPO was subscribed 116 times despite Sebi's concerns regarding its auditing. Investors have a withdrawal window till November 28. Sebi has asked the company to appoint an independent auditor for financial accounts.