The much-awaited C2C Advanced Systems IPO has been delayed after SEBI and NSE flagged compliance issues.
The company has been directed to appoint independent auditors to review its financials, with the report expected in 2-3 days. Investors, including anchor investors, can withdraw their applications by Nov. 28 before 3 p.m., while new subscriptions are paused. NSE will oversee fund utilization post-listing. Retail investors had shown strong interest, bidding 22.91 crore shares on Day 2 against 29.14 lakh shares on offer. The IPO aimed to raise ₹99.07 crore for expansions in defence and aerospace solutions.