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 | 2,000 Shares |
| Total Issue Size | 22,00,000 shares (aggregating up to ₹ 11.44 Cr) |
| Fresh Issue | 17,00,000 shares (aggregating up to ₹ 8.84 Cr) |
| Offer for Sale | 5,00,000 shares of ₹5 (aggregating up to ₹ 2.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 43,20,000 |
| Share holding post issue | 60,20,000 |
| Market Maker portion | 1,12,000 shares Shreni Shares |
About 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.
3C IT IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
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.
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.
3C IT Solutions & Telecoms Limited IPO Financial Information
Latest Revenue
2,355.66
₹ Crore
Profit After Tax
50.52
₹ Crore
Net Worth
460.26
₹ Crore
Total Borrowing
592.43
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | 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 | |||||||||
3C IT Solutions & Telecoms Limited 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 |
Frequently Asked Questions
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Competitive Strengths
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3C IT Solutions & Telecoms Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹104,000 |
| Retail (Max) | 1 | 2,000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |