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05 Mar, 2026
3C IT Solutions & Telecoms Limited IPO
3C IT Solutions is an established IT systems integration company operating for the past 8 years. The company operates with a vision to provide competitive IT system integration capabilities endeavouring to use best-in-class technologies and hence bring significant value to the stakeholders. The aim is to create a well-respected, highly skilled and professional workforce that can serve the diverse technology needs of the businesses as their service portfolio comprises several IT-related services that cater to the needs of the customers. Their service offerings are spread across the spectrum of various IT services and solutions such as infrastructure solutions, digital business solutions and consulting solutions. 3C IT IPO is a fixed price issue of Rs 11.44 crores.
The issue is a combination of a fresh issue of 17 lakh shares aggregating to Rs 8.84 crores and an offer for sale of 5 lakh shares aggregating to Rs 2.60 crores. 3C IT IPO opens for subscription on June 4, 2024 and closes on June 7, 2024. The allotment for the 3C IT IPO is expected to be finalized on Monday, June 10, 2024. The 3C IT IPO will be listed on BSE SME with a tentative listing date fixed as Wednesday, June 12, 2024. 3C IT IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. Kreo Capital Private Limited is the book-running lead manager of the 3C IT IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for the 3C IT IPO is Shreni Shares.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
3C IT Solutions & Telecoms Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
3C IT Solutions & Telecoms Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 4, 2024 to June 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,200,000 shares (aggregating up to ₹11.44 Cr) |
| Fresh Issue | 1,700,000 shares (aggregating up to ₹8.84 Cr) |
| Offer for Sale | 500,000 shares of ₹5 (aggregating up to ₹2.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,320,000 |
| Share holding post issue | 6,020,000 |
| Market Maker portion | 112,000 shares Shreni Shares |
3C IT Solutions & Telecoms Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, June 4, 2024 |
| IPO Close Date | Friday, June 7, 2024 |
| Basis of Allotment | Monday, June 10, 2024 |
| Initiation of Refunds | Tuesday, June 11, 2024 |
| Credit of Shares to Demat | Tuesday, June 11, 2024 |
| Listing Date | Wednesday, June 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 7, 2024 |
3C IT Solutions & Telecoms Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹104,000 |
| Retail (Max) | 1 | 2,000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
3C IT IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
3C IT Solutions & Telecoms Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 72.00% | 51.66% |
Company & Financials
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.
Competitive Strength:
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3C IT Solutions & Telecoms Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 1,898.43 | 2,355.66 | 50.52 | 460.26 | - | 592.43 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 2,886.14 | 6,293.48 | 113.62 | 409.73 | - | 1,339.76 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 3,465.47 | 6,694.11 | 110.90 | 260.65 | - | 1,040.20 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 1,835.90 | 4,063.52 | 85.93 | 149.75 | - | 398.22 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 10.98% |
| P/BV | 4.88 |
| PAT Margin (%) | 2.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.87 | 1.12 |
| P/E (x) | 5.86 | 46.47 |
Objectives of 3C IT IPO
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objectives:
- 1. Funding Working Capital Requirements of the Company
- 2. Repayment/ Prepayment of Certain Borrowings availed by the Company
- 3. General corporate purposes
3C IT Limited IPO Review
The company is operating in a highly competitive and fragmented segment of IT system integration solutions service. 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 the mainboard. There is no harm in skipping this risky bet.
RHP:
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Frequently Asked Questions (FAQs)
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What is the issue size of the 3C IT Solutions and Telecoms (India) Ltd IPO?
The issue size of the 3C IT IPO is Rs. 11.44 cr.
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When will the 3C IT IPO allotment status be?
The 3C IT IPO allotment status will be available on or around June 10, 2024. The allotted shares will be credited to the demat account by June 11, 2024.
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When will the 3C IT IPO be listed?
The 3C IT IPO list date is not yet available. The 3C IT IPO is planned to be listed on June 12, 2024, at BSE SME.
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What is the minimum lot size required for 3C IT Solutions and Telecoms (India) Ltd IPO?
3C IT IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares.
