3C IT Solutions IPO vs GEM Enviro Management IPO

Comparison between 3C IT Solutions IPO and GEM Enviro Management IPO.

IPO Details

3C IT Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while GEM Enviro Management IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of 3C IT Solutions IPO is up to ₹10.86 Cr whereas the issue size of the GEM Enviro Management IPO is up to ₹42.36 Cr. The final issue price of 3C IT Solutions IPO is ₹52.00 per share and of GEM Enviro Management IPO is ₹75.00 per share.

 3C IT Solutions IPOGEM Enviro Management IPO
Face Value₹5 per share₹5 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹52.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size15,88,000 shares11,55,200 shares
Fresh Issue Size (Amount)up to ₹8.26 Crup to ₹8.66 Cr
OFS Issue Size5,00,000 shares44,92,800 shares
OFS Issue Size (Amount)up to ₹2.60 Crup to ₹33.70 Cr
Issue Size Total20,88,000 shares56,48,000 shares
Issue Size Total (Amount)up to ₹10.86 Crup to ₹42.36 Cr

IPO Timetable

3C IT Solutions IPO opens on Jun 04, 2024, while GEM Enviro Management IPO opens on Jun 19, 2024. The closing date of 3C IT Solutions IPO and GEM Enviro Management IPO is Jun 07, 2024, and Jun 21, 2024, respectively.

 3C IT Solutions IPOGEM Enviro Management IPO
Anchor Bid DateJun 18, 2024
Issue OpenJun 04, 2024Jun 19, 2024
Issue CloseJun 07, 2024Jun 21, 2024
Basis Of Allotment (Tentative)Jun 10, 2024Jun 24, 2024
Initiation of Refunds (Tentative)Jun 11, 2024Jun 25, 2024
Credit of Share (Tentative)Jun 11, 2024Jun 25, 2024
Listing date (Tentative)Jun 12, 2024Jun 26, 2024
Anchor Lockin End date 1Jul 24, 2024
Anchor Lockin End date 2Sep 22, 2024

Financials & KPIs

3C IT Solutions IPO P/E ratio is 5.86, as compared to GEM Enviro Management IPO P/E ratio of 15.76.

 3C IT Solutions IPOGEM Enviro Management IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets18.9828.8634.6518.36
Total Income23.5662.9366.9440.64
Profit After Tax0.511.141.110.86
NET Worth4.604.102.611.50
Reserves and Surplus2.443.742.601.49
Total Borrowing5.9213.4010.403.98
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets39.9535.7526.8518.96
Total Income26.3942.8132.9125.61
Profit After Tax8.4010.027.455.83
NET Worth31.0324.1217.1410.15
Reserves and Surplus20.5123.8116.789.79
Total Borrowing0.020.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.00100.00
Promoter Shareholding (Post-Issue)51.6673.44
P/E Ratio5.8615.76
Market Cap₹31.30 Cr.₹169.13 Cr.
ROE30.48%
ROCE36.55%
Debt/Equity
EPS₹8.87₹4.76
RoNW10.98%30.48%

Shares Offered

In the 3C IT Solutions IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in GEM Enviro Management IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in 3C IT Solutions IPO and 11,29,600 shares in GEM Enviro Management IPO.

 3C IT Solutions IPOGEM Enviro Management IPO
Anchor Investor Reservation16,92,800 shares
Market Maker Reservation1,12,000 shares3,42,400 shares
QIB11,29,600 shares
NII10,44,000 shares8,48,000 shares
RII10,44,000 shares19,77,600 shares
Employee
Others
Total20,88,000 shares56,48,000 shares

Bids Received (Subscription)

3C IT Solutions IPO subscribed 20.21x in total, whereas GEM Enviro Management IPO subscribed 265.13x.

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3C IT Solutions IPO Vs GEM Enviro Management IPO