SEBI delays C2C Advanced Systems' SME IPO after 100% subscription

SEBI has postponed ₹99.07-crore SME IPO of C2C Advanced Systems, after it was fully subscribed. "Based on intimation received from SEBI, all investors, other than anchor investors, will have an option to withdraw their bids for ongoing SME IPO," the firm said. SEBI has asked C2C Advanced Systems to appoint independent auditors and get an independent report of financial accounts.