3C IT IPO will open for subscription from 04 June 2024. The company aims for an issue size of ₹11.44 Cr through this IPO.
Company Overview
| Full name | 3C IT Solutions & Telecoms (India) Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | https://3citsolutions.com/ |
About Company
3C IT Solutions & Telecoms (India) is an IT System Integration that combines a business’s IT systems (technology, applications, and software) into a common system. The company specializes in end-to-end IT consolidation solutions ranging from power management to data centers and everything in between. 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 Services, and more.
3C IT Solutions & Telecoms (India) completed 244 projects as of 31 December 2023 and has 30 ongoing projects as of December 2023.
The Objectives of the Issue
- Funding Working Capital Requirements of the Company
- Repayment/ Prepayment of Certain Borrowings availed by the Company
- General corporate purposes
3C IT IPO Timetable
| IPO Opening date | 04 June 2024 |
| IPO Closing | 07 June 2024 |
| Basis of Allotment | 10 June 2024 |
| Initiation Refund | 11 June 2024 |
| Credit to Demat Account | 11 June 2024 |
| Listing Date | 12 June 2024 |
3C IT IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹11.44 Cr – 2,200,000 shares |
| Fresh Issue | ₹11.44 Cr – 2,200,000 shares |
| Offer for sale | Nil |
| Face value | ₹05 per share |
| Offer Price | ₹52 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 112,000 shares |
| Shareholding pre-issue | 4,320,000 |
| Shareholding post-issue | 6,020,000 |
| Listing Exchange | BSE SME |
3C IT IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
3C IT Offer Documents
3C IT IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 112,000 (5.09%) |
| Other Shares Offered | 1,044,000 (47.45%) |
| Retail Shares Offered | 1,044,000 (47.45%) |
| Total Shares Offered | 2,200,000 (100%) |
3C IT Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 40.63 | 66.85 | 61.93 | 23.18 |
| Expenses | 39.50 | 65.41 | 61.35 | 22.81 |
| Net income | 0.86 | 1.11 | 1.14 | 0.51 |
3C IT Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 71.61 | 92.42 | 8.87 |
| PE ratio | – | – | 5.86 |
| RONW (%) | 57.38 | 42.55 | 27.73 |
| NAV | – | – | 113.81 |
| ROCE (%) | 36.0 | 21.0 | 26.0 |
| EBITDA (%) | 4.98 | 4.32 | 6.77 |
| Debt/Equity | 2.52 | 3.86 | 3.23 |
Company Promoters
- Mr. Ranjit Kulladhaja Mayengbam
- Mrs. Gangarani Devi Mayengbam
Promoter Holding
| Pre Issue Share Holding | 72% |
| Post Issue Share Holding | 51.66% |
3C IT IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 11 June 2024 | 3 | – | – |
| 10 June 2024 | 5 | – | 9,000 |
| 8 June 2024 | 7 | – | 11,000 |
| 7 June 2024 | 7 | – | 11,000 |
3C IT IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 10,44,000 | 10,44,000 | 20,88,000 |
| 7 Jun 2024 | 10.75 | 29.68 | 20.21 |
| 6 Jun 2024 | 1.50 | 12.25 | 6.87 |
| 5 Jun 2024 | 0.70 | 5.28 | 2.99 |
| 4 Jun 2024 | 0.22 | 1.36 | 0.79 |
3C IT IPO Allotment Status
3C IT Solutions IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
3C IT IPO Listing Details
| Listing Date | 12 June 2024 |
| BSE Scrip Code | 544190 |
| NSE Symbol | – |
| ISIN | INE0R7D01018 |
| Final Issue Price | ₹52 per share |
3C IT IPO Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | ₹52.00 |
| Open | ₹43.01 |
| Low | ₹43.01 |
| High | ₹45.16 |
| Last Trade | ₹45.16 |
3C IT Lead Manager(s)
KREO CAPITAL PRIVATE LIMITED
Block No 503, 6th Floor, B Wing Shriram Shyam
Tower, Near NIT Building, Kingsway, Sadar,
Nagpur, Maharashtra 440001
Phone: +91 712 664 1111
Email: office@kreocapital.com
Website: www.kreocapital.com
3C IT Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072
Phone: 022-28511022
Email: ipo@skylinerta.com or grievances@skylinerta.com
Website: www.skylinerta.com
3C IT Contact Details
3C IT SOLUTIONS & TELECOMS (INDIA) LIMITED
Flat No.104 & 105, Pavitra Enclave, Somwar
Peth, Opp. Ladkat Petrol Pump, Pune
Maharashtra-411011, India
Phone: 020 46047009
E-mail: corporateoffice@3citsolutions.com
Website: www.3citsolutions.com
3C IT IPO FAQs
What is the 3C IT Solutions offer size?
3C IT Solutions offer size is ₹ 11.44 crores.
What is the 3C IT Solutions offer price band?
3C IT Solutions public offer price is ₹ 52 per share.
What is the lot size of the 3C IT Solutions IPO?
3C IT Solutions offer a lot size is 2,000 shares.
What is 3C IT Solutions IPO GMP today?
3C IT Solutions IPO GMP today is ₹ 3 per share.
What is the 3C IT Solutions kostak rate today?
3C IT Solutions kostak rate today is ₹ NA per application.
What is 3C IT Solutions Subject to the Sauda rate today?
3C IT Solutions is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
3C IT IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
