3C IT Solutions IPO vs TBI Corn IPO

Comparison between 3C IT Solutions IPO and TBI Corn IPO.

IPO Details

3C IT Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while TBI Corn 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 TBI Corn IPO is up to ₹42.68 Cr. The final issue price of 3C IT Solutions IPO is ₹52.00 per share and of TBI Corn IPO is ₹94.00 per share.

 3C IT Solutions IPOTBI Corn 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 shares45,40,800 shares
Fresh Issue Size (Amount)up to ₹8.26 Crup to ₹42.68 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 shares45,40,800 shares
Issue Size Total (Amount)up to ₹10.86 Crup to ₹42.68 Cr

IPO Timetable

3C IT Solutions IPO opens on Jun 04, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of 3C IT Solutions IPO and TBI Corn IPO is Jun 07, 2024, and Jun 04, 2024, respectively.

 3C IT Solutions IPOTBI Corn IPO
Anchor Bid DateMay 30, 2024
Issue OpenJun 04, 2024May 31, 2024
Issue CloseJun 07, 2024Jun 04, 2024
Basis Of Allotment (Tentative)Jun 10, 2024Jun 05, 2024
Initiation of Refunds (Tentative)Jun 11, 2024Jun 06, 2024
Credit of Share (Tentative)Jun 11, 2024Jun 06, 2024
Listing date (Tentative)Jun 12, 2024Jun 07, 2024
Anchor Lockin End date 1Jul 05, 2024
Anchor Lockin End date 2Sep 03, 2024

Financials & KPIs

3C IT Solutions IPO P/E ratio is 5.86, as compared to TBI Corn IPO P/E ratio of 18.33.

 3C IT Solutions IPOTBI Corn 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
Assets95.12121.6243.1842.55
Total Income101.97140.43100.9767.76
Profit After Tax7.666.860.450.24
NET Worth40.6826.786.835.12
Reserves and Surplus27.3016.77
Total Borrowing51.3763.5325.4923.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.0076.65
Promoter Shareholding (Post-Issue)51.6657.71
P/E Ratio5.8618.33
Market Cap₹31.30 Cr.₹170.69 Cr.
ROE18.84%
ROCE18.65%
Debt/Equity0.43
EPS₹8.87₹5.13
RoNW10.98%18.84%

Shares Offered

In the 3C IT Solutions IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in TBI Corn IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in 3C IT Solutions IPO and 9,07,200 shares in TBI Corn IPO.

 3C IT Solutions IPOTBI Corn IPO
Anchor Investor Reservation13,58,400 shares
Market Maker Reservation1,12,000 shares2,40,000 shares
QIB9,07,200 shares
NII10,44,000 shares6,82,800 shares
RII10,44,000 shares15,92,400 shares
Employee
Others
Total20,88,000 shares45,40,800 shares

Bids Received (Subscription)

3C IT Solutions IPO subscribed 20.21x in total, whereas TBI Corn IPO subscribed 231.21x.

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3C IT Solutions IPO Vs TBI Corn IPO