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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.

 3C IT Solutions IPOGP Eco Solutions IPO
Logo3C IT Solutions IPO LogoGP Eco Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersKreo Capital Pvt.Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,898.432,886.143,465.471,835.90
Total Income2,355.666,293.486,694.114,063.52
Profit After Tax50.52113.62110.9085.93
Net Worth460.26409.73260.65149.75
Reserves and Surplus244.26373.73259.65148.75
Total Borrowing592.431,339.761,040.20398.22
Amount in ₹ Lakhs

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,728.754,715.191,904.891,429.81
Total Income7,858.8810,447.638,352.994,652.91
Profit After Tax473.27369.82277.1796.94
Net Worth1,298.08824.81454.98177.81
Reserves and Surplus578.08804.81434.98157.81
Total Borrowing1,544.791,316.52517.55351.37
Amount in ₹ Lakhs
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 Reserveration8,83,200 shares
Market Maker Reserveration1,12,000 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.

 3C IT Solutions IPOGP Eco Solutions IPO
QIB (times)236.64x
NII (times)10.63x1,824.87x
Big NII (times)
Small NII (times)
RII (times)29.79x793.20x
Employee (times)
Other (times)
Total (times)20.21x856.21x