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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 ₹52.00 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). The minimum lot size investment for 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 Date | June 4, 2024 to June 7, 2024 |
| Listing Date | June 12, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | |
| Issue Price Final | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 22,00,000 shares (aggregating up to ₹11.44 Cr) |
| Reserved for Market Maker | 1,12,000 shares Shreni Shares Ltd. (aggregating up to ₹0.5824 Cr) |
| Fresh Issue (Ex Market Maker) | 15,88,000 shares (aggregating up to ₹8.26 Cr) |
| Offer for Sale | 5,00,000 shares of ₹5 (aggregating up to ₹2.60 Cr) |
| Net Offered to Public | 20,88,000 shares (aggregating up to ₹10.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 43,20,000 shares |
| Share Holding Post Issue | 60,20,000 shares |
3C IT IPO offers total 22,00,000 shares. Out of which 10,44,000 (47.45%) allocated to NII, 10,44,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,12,000 (5.09%) |
| NII (HNI) Shares Offered | 10,44,000 (47.45%) |
| Retail Shares Offered | 10,44,000 (47.45%) |
| Total Shares Offered | 22,00,000 (100.00%) |
3C IT Solutions IPO opens on June 4, 2024, and closes on June 7, 2024.
| IPO Open Date | Tue, Jun 4, 2024 |
| IPO Close Date | Fri, Jun 7, 2024 |
| Tentative Allotment | Mon, Jun 10, 2024 |
| Initiation of Refunds | Tue, Jun 11, 2024 |
| Credit of Shares to Demat | Tue, Jun 11, 2024 |
| Tentative Listing Date | Wed, Jun 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 7, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,898.43 | 2,886.14 | 3,465.47 | 1,835.90 |
| Total Income | 2,355.66 | 6,293.48 | 6,694.11 | 4,063.52 |
| Profit After Tax | 50.52 | 113.62 | 110.90 | 85.93 |
| Net Worth | 460.26 | 409.73 | 260.65 | 149.75 |
| Reserves and Surplus | 244.26 | 373.73 | 259.65 | 148.75 |
| Total Borrowing | 592.43 | 1,339.76 | 1,040.20 | 398.22 |
| Amount in ₹ Lakhs | ||||
The market capitalization of 3C IT Solutions IPO is ₹31.30 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 10.98% |
| PAT Margin | 2.17% |
| Price to Book Value | 4.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.87 | 1.12 |
| P/E (x) | 5.86 | 46.47 |
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
1. Funding Working Capital Requirements of the Company
2. Repayment/ Prepayment of Certain Borrowings availed by the Company
3. General corporate purposes
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of IT system integration solutions service providing. It posted inconsistency in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears aggressively priced. Tiny equity capital post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this risky bet. Read detail review...
| Listing Date | June 12, 2024 |
| BSE Script Code | 544190 |
| NSE Symbol | |
| ISIN | INE0R7D01018 |
| Final Issue Price | ₹52 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹43.01 |
| Low | ₹43.01 |
| High | ₹45.16 |
| Last Trade | ₹45.16 |
3C IT Solutions & Telecoms (India) Ltd.
Flat No.104 & 105, Pavitra Enclave,
Somwar Peth, Opp. Ladkat Petrol Pump,
Pune Maharashtra- 411011, India
Pune, Maharashtra
Phone: 020 46047009
Email: corporateoffice@3citsolutions.com
Website: http://3citsolutions.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
3C IT Solutions IPO is a SME IPO of 22,00,000 equity shares of the face value of ₹5 aggregating up to ₹11.44 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on June 4, 2024, and closes on June 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 June 4, 2024 and closes on June 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 Tuesday, June 11, 2024. Check the 3C IT Solutions IPO allotment status.
The 3C IT Solutions IPO listing date is on Wednesday, June 12, 2024.
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