Tremendous response to C2C Advanced Systems' IPO, subscribed 9 times; GMP increased by 108%

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The IPO of C2C Advanced Systems has received tremendous response from investors on the very first day. According to NSE data, this IPO has received bids for 2,86,74,600 shares till 11:58 am on Friday, while the company has offered only 31,34,400 shares. This means that the issue has been oversubscribed 9.15 times(…).

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