3C IT Solutions IPO vs Durlax Top Surface IPO

Comparison between 3C IT Solutions IPO and Durlax Top Surface IPO.

IPO Details

3C IT Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Durlax Top Surface 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 Durlax Top Surface IPO is up to ₹38.76 Cr. The final issue price of 3C IT Solutions IPO is ₹52.00 per share and of Durlax Top Surface IPO is ₹68.00 per share.

 3C IT Solutions IPODurlax Top Surface IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹65.00 per share
Issue Price (Upper)₹68.00 per share
Issue Price (Final)₹52.00 per share₹68.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size15,88,000 shares39,00,000 shares
Fresh Issue Size (Amount)up to ₹8.26 Crup to ₹26.52 Cr
OFS Issue Size5,00,000 shares18,00,000 shares
OFS Issue Size (Amount)up to ₹2.60 Crup to ₹12.24 Cr
Issue Size Total20,88,000 shares57,00,000 shares
Issue Size Total (Amount)up to ₹10.86 Crup to ₹38.76 Cr

IPO Timetable

3C IT Solutions IPO opens on Jun 04, 2024, while Durlax Top Surface IPO opens on Jun 19, 2024. The closing date of 3C IT Solutions IPO and Durlax Top Surface IPO is Jun 07, 2024, and Jun 21, 2024, respectively.

 3C IT Solutions IPODurlax Top Surface 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 Durlax Top Surface IPO P/E ratio of 16.73.

 3C IT Solutions IPODurlax Top Surface 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 Mar 202431 Mar 202331 Mar 2022
Assets105.5476.7371.68
Total Income90.8466.8447.42
Profit After Tax5.052.090.48
NET Worth21.8416.7112.92
Reserves and Surplus9.424.3112.77
Total Borrowing60.7136.9139.30
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.0095.44
Promoter Shareholding (Post-Issue)51.6660.35
P/E Ratio5.8616.73
Market Cap₹31.30 Cr.₹113.07 Cr.
ROE26.20%
ROCE20.20%
Debt/Equity2.78
EPS₹8.87₹4.06
RoNW10.98%23.12%

Shares Offered

In the 3C IT Solutions IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in Durlax Top Surface IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in 3C IT Solutions IPO and 22,52,000 shares in Durlax Top Surface IPO.

 3C IT Solutions IPODurlax Top Surface IPO
Anchor Investor Reservation5,92,000 shares
Market Maker Reservation1,12,000 shares3,00,000 shares
QIB22,52,000 shares
NII10,44,000 shares8,56,000 shares
RII10,44,000 shares20,00,000 shares
Employee
Others
Total20,88,000 shares57,00,000 shares

Bids Received (Subscription)

3C IT Solutions IPO subscribed 20.21x in total, whereas Durlax Top Surface IPO subscribed 166.79x.

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3C IT Solutions IPO Vs Durlax Top Surface IPO