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3C IT Solutions IPO vs Z-Tech IPO

Comparison between 3C IT Solutions IPO and Z-Tech IPO.

IPO Details

3C IT Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Z-Tech IPO is a SME Bookbuilding proposed to list at NSE SME.

 3C IT Solutions IPOZ-Tech IPO
Logo3C IT Solutions IPO LogoZ-Tech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersKreo Capital Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerShreni Shares Ltd.NVS Brokerage Pvt.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 Z-Tech IPO is up to ₹35.43 Cr. The final issue price of 3C IT Solutions IPO is ₹52.00 per share and of Z-Tech IPO is ₹110.00 per share.

 3C IT Solutions IPOZ-Tech IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹104.00 per share
Issue Price (Upper)₹110.00 per share
Issue Price (Final)₹52.00 per share₹110.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size15,88,000 shares32,20,800 shares
Fresh Issue Size (Amount)up to ₹8.26 Crup to ₹35.43 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 shares32,20,800 shares
Issue Size Total (Amount)up to ₹10.86 Crup to ₹35.43 Cr

IPO Timetable

3C IT Solutions IPO opens on Jun 04, 2024, while Z-Tech IPO opens on May 29, 2024. The closing date of 3C IT Solutions IPO and Z-Tech IPO is Jun 07, 2024, and May 31, 2024, respectively.

 3C IT Solutions IPOZ-Tech IPO
Anchor Bid DateMay 28, 2024
Issue OpenJun 04, 2024May 29, 2024
Issue CloseJun 07, 2024May 31, 2024
Basis Of Allotment (Tentative)Jun 10, 2024Jun 03, 2024
Initiation of Refunds (Tentative)Jun 11, 2024Jun 05, 2024
Credit of Share (Tentative)Jun 11, 2024Jun 05, 2024
Listing date (Tentative)Jun 12, 2024Jun 05, 2024
Anchor Lockin End date 1Jul 03, 2024
Anchor Lockin End date 2Sep 01, 2024

Financials & KPIs

3C IT Solutions IPO P/E ratio is 5.86, as compared to Z-Tech IPO P/E ratio of 13.27.

 3C IT Solutions IPOZ-Tech 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

Ztech India Limited Financial Information (Restated Consolidated)

Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,192.242,339.621,925.111,973.14
Total Income6,737.022,588.403,083.892,395.67
Profit After Tax779.83196.718.4264.62
Net Worth2,191.00998.95802.24793.82
Reserves and Surplus1,250.39888.95692.25683.82
Total Borrowing130.8471.0371.7493.75
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)72.0082.65
Promoter Shareholding (Post-Issue)51.6660.75
P/E Ratio5.8613.27
Market Cap₹31.30 Cr.₹140.77 Cr.
ROE34%
ROCE44.02%
Debt/Equity0.06
EPS₹8.87₹8.29
RoNW10.98%34%

Shares Offered

In the 3C IT Solutions IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in Z-Tech IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in 3C IT Solutions IPO and 6,44,400 shares in Z-Tech IPO.

 3C IT Solutions IPOZ-Tech IPO
Anchor Investor Reserveration9,64,800 shares
Market Maker Reserveration1,12,000 shares1,70,400 shares
QIB6,44,400 shares
NII10,44,000 shares4,83,600 shares
RII10,44,000 shares11,28,000 shares
Employee
Others
Total20,88,000 shares32,20,800 shares

Bids Received (Subscription)

3C IT Solutions IPO subscribed 20.21x in total, whereas Z-Tech IPO subscribed 371.39x.

 3C IT Solutions IPOZ-Tech IPO
QIB (times)123.10x
NII (times)10.63x832.37x
Big NII (times)
Small NII (times)
RII (times)29.79x315.59x
Employee (times)
Other (times)
Total (times)20.21x371.39x