C2C Advanced Systems, a company specializing in defense, homeland security, and aerospace systems, may experience delays in its SME IPO listing scheduled for November 29.
The Securities and Exchange Board of India (SEBI) has required the company to appoint independent auditors and submit an independent financial accounts report due to a complaint from an investor.
SEBI has also given investors, including anchor investors, the option to withdraw their bids before share allotment.
The IPO aims to raise Rs 99.07 crore and has generated significant interest, but recent developments have caused concerns among investors, leading to discussions on social media platforms.