June 4, 2024 - June 7, 2024
RHP
3C IT IPO is a fixed price issue of Rs 11.44 crores. The issue is a combination of fresh issue of 17 lakh shares aggregating to Rs 8.84 crores and offer for sale of 5 lakh shares aggregating to Rs 2.60 crores.
3C IT IPO bidding opened for subscription on June 4, 2024 and will close on June 7, 2024. The allotment for the 3C IT IPO is expected to be finalized on Monday, June 10, 2024. 3C IT IPO will list on BSE SME with tentative listing date fixed as Wednesday, June 12, 2024.
3C IT IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹208,000.
Kreo Capital Private Limited is the book running lead manager of the 3C IT IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for 3C IT IPO is Shreni Shares.
Refer to 3C IT IPO RHP for detailed information.
3C IT IPO Details
| IPO Date | June 4, 2024 to June 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,200,000 shares (aggregating up to ₹11.44 Cr) |
| Fresh Issue | 1,700,000 shares (aggregating up to ₹8.84 Cr) |
| Offer for Sale | 500,000 shares of ₹5 (aggregating up to ₹2.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,320,000 |
| Share holding post issue | 6,020,000 |
| Market Maker portion | 112,000 shares Shreni Shares |
3C IT IPO Reservation
3C IT IPO offers 2,200,000 shares. 1,044,000 (47.45%) to NII, 1,044,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 112,000 (5.09%) |
| Other Shares Offered | 1,044,000 (47.45%) |
| Retail Shares Offered | 1,044,000 (47.45%) |
| Total Shares Offered | 2,200,000 (100%) |
3C IT IPO Timeline (Tentative Schedule)
3C IT IPO opens on June 4, 2024, and closes on June 7, 2024.
| IPO Open Date | Tuesday, June 4, 2024 |
| IPO Close Date | Friday, June 7, 2024 |
| Basis of Allotment | Monday, June 10, 2024 |
| Initiation of Refunds | Tuesday, June 11, 2024 |
| Credit of Shares to Demat | Tuesday, June 11, 2024 |
| Listing Date | Wednesday, June 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 7, 2024 |
3C IT IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
| Lot Size Calculator | |||
3C IT IPO Promoter Holding
Mr. Ranjit Kulladhaja Mayengbam and Mrs. Gangarani Devi Mayengbam are the company's promoters.
| Share Holding Pre Issue | 72.00% |
| Share Holding Post Issue | 51.66% |
About 3C IT Solutions & Telecoms (India) Limited
Incorporated in 2015, 3C IT Solutions & Telecoms (India) Limited is an IT systems integration company. The company offers various IT products and services bifurcated under 3 segments i.e. Infrastructure solutions, Digital business solutions, and Consulting solutions to meet the client requirements.
The company's product and services portfolio includes:
Infrastructure solutions: End User and Devices, Device Configuration, Data Protection, Computer Accessories, Networking Solutions, IT Security Solutions and Audio Video Solutions.
Digital business solutions: MDM- Mobile Device Management, Project Management Tools, Collaboration Software, Video Conferencing Tools, Sales Enablement Software, Cloud Implementation Services and more.
Consulting solutions: Facility Management System (FMS) Solutions, IT Infrastructure Renting Solutions, remote infrastructure management solutions, Multibrand Hardware Break-Fix Service and more.
3C IT offers the following solutions to their clients:
- Data Storage Management.
- Server infrastructure solutions that maximise IT investment and deliver high performance.
- Customized network design and implementation solutions.
- Security consolidation and optimisation to capitalise on the current investment.
3C IT Solutions & Telecoms (India) Limited Financial Information (Restated)
3C IT Solutions & Telecoms (India) Limited's revenue decreased by -5.98% and profit after tax (PAT) rose by 2.45% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,898.43 | 2,886.14 | 3,465.47 | 1,835.90 |
| Revenue | 2,355.66 | 6,293.48 | 6,694.11 | 4,063.52 |
| Profit After Tax | 50.52 | 113.62 | 110.90 | 85.93 |
| Net Worth | 460.26 | 409.73 | 260.65 | 149.75 |
| Reserves and Surplus | 244.26 | 373.73 | 259.65 | 148.75 |
| Total Borrowing | 592.43 | 1,339.76 | 1,040.20 | 398.22 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of 3C IT IPO is Rs 31.3 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 10.98% |
| P/BV | 4.88 |
| PAT Margin (%) | 2.17 |
Check 3C IT IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.87 | 1.12 |
| P/E (x) | 5.86 | 46.47 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latestFY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FYearnings of December 31, 2023 that is available in RHP.
Objects of the Issue (3C IT IPO Objectives)
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
1. Funding Working Capital Requirements of the Company
2. Repayment/ Prepayment of Certain Borrowings availed by the Company
3. General corporate purposes
3C IT IPO Review (Avoid)
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of IT system integration solutions service providing. It posted inconsistency in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears aggressively priced. Tiny equity capital post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this risky bet. Read detail review...
3C IT IPO Subscription Status (Bidding Detail)
The 3C IT IPO is subscribed 6.56 times on June 6, 2024 7:02:06 PM. The public issue subscribed 11.76 times in the retail category, times in the QIB category, and 1.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.35 |
| Retail | 11.76 |
| Total | 6.56 |
Total Application : 9,452 (18.11 times)
3C IT IPO Prospectus
3C IT IPO Rating
2
1.0
Rating:
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3C IT Solutions & Telecoms (India) Limited Contact Details
3C IT Solutions & Telecoms (India) Limited
Flat No.104 & 105, Pavitra Enclave,
Somwar Peth, Opp. Ladkat Petrol Pump,
Pune Maharashtra- 411011, India
Phone: 020 46047009
Email: corporateoffice@3citsolutions.com
Website: http://3citsolutions.com/
3C IT IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
3C IT IPO - Buy or Not
3C IT IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 0 | 0 | 1 |
| Members | 4 | 2 | 0 |
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3C IT IPO Lead Manager(s)
- Kreo Capital Private Limited (Past IPO Performance)
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3C IT IPO FAQs
3C IT IPO is a SME IPO of 2,200,000 equity shares of the face value of ₹5 aggregating up to ₹11.44 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000 Shares.
The IPO opens on June 4, 2024, and closes on June 7, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in 3C IT IPO using UPI as a payment gateway. Zerodha customers can apply in 3C IT IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in 3C IT IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the '3C IT IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The 3C IT IPO opens on June 4, 2024 and closes on June 7, 2024.
3C IT IPO lot size is 2000 Shares, and the minimum amount required is ₹104,000.
You can apply in 3C IT IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for 3C IT IPO will be done on Monday, June 10, 2024, and the allotted shares will be credited to your demat account by Tuesday, June 11, 2024. Check the 3C IT IPO allotment status.
The 3C IT IPO listing date is not yet announced. The tentative date of 3C IT IPO listing is Wednesday, June 12, 2024.
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