3C IT Solutions IPO vs GP Eco Solutions IPO

Comparison between 3C IT Solutions IPO and GP Eco Solutions IPO.

IPO Details

3C IT Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while GP Eco Solutions IPO is a SME Bookbuilding proposed to list at NSE 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 GP Eco Solutions IPO is up to ₹27.71 Cr. The final issue price of 3C IT Solutions IPO is ₹52.00 per share and of GP Eco Solutions IPO is ₹94.00 per share.

 3C IT Solutions IPOGP Eco Solutions IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹90.00 per share
Issue Price (Upper)₹94.00 per share
Issue Price (Final)₹52.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size15,88,000 shares29,48,400 shares
Fresh Issue Size (Amount)up to ₹8.26 Crup to ₹27.71 Cr
OFS Issue Size5,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹2.60 Crup to ₹0.00 Cr
Issue Size Total20,88,000 shares29,48,400 shares
Issue Size Total (Amount)up to ₹10.86 Crup to ₹27.71 Cr

IPO Timetable

3C IT Solutions IPO opens on Jun 04, 2024, while GP Eco Solutions IPO opens on Jun 14, 2024. The closing date of 3C IT Solutions IPO and GP Eco Solutions IPO is Jun 07, 2024, and Jun 19, 2024, respectively.

 3C IT Solutions IPOGP Eco Solutions IPO
Anchor Bid DateJun 13, 2024
Issue OpenJun 04, 2024Jun 14, 2024
Issue CloseJun 07, 2024Jun 19, 2024
Basis Of Allotment (Tentative)Jun 10, 2024Jun 20, 2024
Initiation of Refunds (Tentative)Jun 11, 2024Jun 21, 2024
Credit of Share (Tentative)Jun 11, 2024Jun 21, 2024
Listing date (Tentative)Jun 12, 2024Jun 24, 2024
Anchor Lockin End date 1Jul 20, 2024
Anchor Lockin End date 2Sep 18, 2024

Financials & KPIs

3C IT Solutions IPO P/E ratio is 5.86, as compared to GP Eco Solutions IPO P/E ratio of 21.44.

 3C IT Solutions IPOGP Eco Solutions 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
Assets47.2947.1519.0514.30
Total Income78.59104.4883.5346.53
Profit After Tax4.733.702.770.97
NET Worth12.988.254.551.78
Reserves and Surplus5.788.054.351.58
Total Borrowing15.4513.175.183.51
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.0086.4
Promoter Shareholding (Post-Issue)51.6662.23
P/E Ratio5.8621.44
Market Cap₹31.30 Cr.₹110.08 Cr.
ROE44.59%
ROCE26.51%
Debt/Equity1.11
EPS₹8.87₹4.38
RoNW10.98%42.70%

Shares Offered

In the 3C IT Solutions IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in GP Eco Solutions IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in 3C IT Solutions IPO and 5,89,200 shares in GP Eco Solutions IPO.

 3C IT Solutions IPOGP Eco Solutions IPO
Anchor Investor Reservation8,83,200 shares
Market Maker Reservation1,12,000 shares3,27,600 shares
QIB5,89,200 shares
NII10,44,000 shares4,44,000 shares
RII10,44,000 shares10,32,000 shares
Employee
Others
Total20,88,000 shares29,48,400 shares

Bids Received (Subscription)

3C IT Solutions IPO subscribed 20.21x in total, whereas GP Eco Solutions IPO subscribed 856.21x.

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