Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Tue, Jun 4, 2024 - Fri, Jun 7, 2024
3C IT Solutions IPO is a fixed price issue of ₹11.44 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to ₹8.84 crores and offer for sale of 0.05 crore shares aggregating to ₹2.60 crores.
3C IT Solutions IPO bidding started from Jun 4, 2024 and ended on Jun 7, 2024. The allotment for 3C IT Solutions IPO was finalized on Jun 10, 2024. The shares got listed on BSE SME on Jun 12, 2024.
3C IT Solutions IPO price is ₹52 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Kreo Capital Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to 3C IT Solutions IPO RHP for detailed Information.
IPO Open
Tue, Jun 4, 2024
IPO Close
Fri, Jun 7, 2024
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹31.30 Cr
| IPO Date | 4 to 7 Jun, 2024 |
| Listed on | Wed, Jun 12, 2024 |
| Face Value | ₹5 per share |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,12,000 shares Shreni Shares Ltd. (agg. up to ₹0.5824 Cr) |
| Fresh Issue (Ex Market Maker) | 15,88,000 shares (agg. up to ₹8 Cr) |
| Offer for Sale | 5,00,000 shares of ₹5 (agg. up to ₹3 Cr) |
| Net Offered to Public | 20,88,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 43,20,000 shares |
| Share Holding Post Issue | 60,20,000 shares |
| BSE Script Code | 544190 |
| ISIN | INE0R7D01018 |
3C IT Solutions IPO comprises a total issue size of 22,00,000 shares. The net offer to the public is 20,88,000 shares, after excluding 1,12,000 shares allotted on a firm basis. Of the Net offer 10,44,000 (50.00%) allocated to NII 10,44,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,44,000 | 50.00% | 47.45% |
| Retail Shares Offered | 10,44,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,12,000 | 5.09% | |
| Total Shares Offered | 22,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Incorporated in 2015, 3C IT Solutions & Telecoms (India) Limited is an IT systems integration company. The company offers various IT products and services bifurcated under 3 segments i.e. Infrastructure solutions, Digital business solutions, and Consulting solutions to meet the client requirements.
The company's product and services portfolio includes:
Infrastructure solutions: End User and Devices, Device Configuration, Data Protection, Computer Accessories, Networking Solutions, IT Security Solutions and Audio Video Solutions.
Digital business solutions: MDM- Mobile Device Management, Project Management Tools, Collaboration Software, Video Conferencing Tools, Sales Enablement Software, Cloud Implementation Services and more.
Consulting solutions: Facility Management System (FMS) Solutions, IT Infrastructure Renting Solutions, remote infrastructure management solutions, Multibrand Hardware Break-Fix Service and more.
3C IT offers the following solutions to their clients:
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 18.98 | 28.86 | 34.65 | 18.36 |
| Total Income | 23.56 | 62.93 | 66.94 | 40.64 |
| Profit After Tax | 0.51 | 1.14 | 1.11 | 0.86 |
| NET Worth | 4.60 | 4.10 | 2.61 | 1.50 |
| Reserves and Surplus | 2.44 | 3.74 | 2.60 | 1.49 |
| Total Borrowing | 5.92 | 13.40 | 10.40 | 3.98 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirements of our Company | 3.86 |
| 2 | Repayment/ Prepayment of Certain Borrowings availed by our Company | 2.44 |
| 3 | General Corporate Purpose | 2.21 |
| KPI | Dec 31, 2023 |
|---|---|
| RoNW | 10.98% |
| PAT Margin | 2.17% |
| Price to Book Value | 4.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.87 | 1.12 |
| P/E (x) | 5.86 | 46.47 |
| Promoter Holding | 72.00% | 51.66% |
| Market Cap | ₹31.30 Cr. |
The 3C IT IPO is subscribed 20.21 times on June 7, 2024 6:19:08 PM (Day 4). The public issue subscribed 29.79 times in the retail category, [.] times in the QIB category, and 10.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 10.63 | 10,44,000 | 1,10,94,000 |
| Retail | 29.79 | 10,44,000 | 3,10,96,000 |
| Total | 20.21 | 20,88,000 | 4,22,06,000 |
Total Application : 18,722
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.20 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Offer | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.02 |
| 7 | Printing and distribution of Offer stationary | 0.00 |
| 8 | Others, if any (market making, depositories, marketing fees, Secretarial, peer review auditors, etc.) | 0.14 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹43.01 |
| Low | ₹43.01 |
| High | ₹45.16 |
| Last Trade | ₹45.16 |
Lead Manager Reports
3C IT Solutions IPO is a SME IPO of 22,00,000 equity shares of the face value of ₹5 aggregating up to ₹11 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Jun 4, 2024, and closes on Fri, Jun 7, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in 3C IT Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in 3C IT Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in 3C IT Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The 3C IT Solutions IPO opens on Tue, Jun 4, 2024 and closes on Fri, Jun 7, 2024.
3C IT Solutions IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in 3C IT Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for 3C IT Solutions IPO will be done on Monday, June 10, 2024, and the allotted shares will be credited to your demat account by Tue, Jun 11, 2024. Check the 3C IT Solutions IPO allotment status.
The 3C IT Solutions IPO listing date is on Wed, Jun 12, 2024.
