3C IT Solutions IPO

    3C IT Solutions IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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    Table of Contents

    3C IT Solutions IPOPost Listing Review:
    The scrip is listed at Rs.43.01, discount of 17.29% over the issue price of Rs.52. This listing has been below the expectations of the grey market players.



    What is the last GMP of 3C IT Solutions IPO?*
    Premium: Rs.0
    Min Application Rs. 0
    Subject to Rs.0

    Check Subscription status of 3C IT Solutions IPO
    On 7 June 2024 @ 5.00 (Day 4) (Closed)
    Review: Poor trend observed
    NII:         10.63 T
    RII:         29.79 T
    Total:     20.21 T
    Application: 18722 (35.87X)
    Amount wise Subscription: Rs. 217.63 Crore

    What is the business of 3C IT Solutions?

    3C IT Solutions is engaged in the business of infrastructure solutions, digital business solutions and consulting solutions. The Company is an IT integration Company, providing solutions for application software, compute, storage and networks. 3C IT also delivers audio & video integration, power conservation & backup solutions as well as world class security & surveillance solutions. It specializes in end-to-end IT integration solutions covering power management to data centers and everything in
    between with extremely competitive pricing for capital procurements as well as leasing options.

    Get more information about the company @ http://3citsolutions.com/

    3C IT Solutions IPO Details
    IPO opens on  4 June 2024
    IPO closes on  7 June 2024
    Issue Type Book Built Issue IPO
    Issue Size 2200000 Shares /
    Rs 11.44 Crore
    * Fresh Issue 1700000 Shares /
    Rs 8.84 Crore
    * Offer for Sale  500000 Shares /
    Rs 2.60 Crore
    Market Maker Portion 112000 Shares
    Net offer to Public 2088000 Shares/
    Rs.10.86 Crore
    Face Value per share Rs. 10
    Price Band Rs.52
    Employee discount  Rs. 0 per share
    Retail Lot Size  2000 Shares
    Listing will at  BSE SME
    Shares offered in 3C IT Solutions IPO
      Shares Rs. (Crore)
    QIB (0%)
    NII  (50%) 1044000 5.43
    RII  (50%) 1044000 5.43
    Total Shares  1708000 10.86
    Retail portion will be oversubscribed by  522
    Forms
    How much Shares to Apply in 3C IT Solutions IPO?
    Min Retail Application 2000 Shares Rs. 104000
    Min HNI Application  4000 Shares Rs.208000

    Who are the Promoters of 3C IT Solutions IPO?
    Mr. Ranjit Kulladhaja Mayengbam and Mrs. Gangarani Devi Mayengbam are the company’s promoters

    What are the Objects of 3C IT Solutions IPO?

    The Offer comprises of a Fresh Issue of Equity shares & also offer for sale.

    The company intends to utilize the proceeds of the Offer to meet 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

    3C IT Solutions IPO Tentative timetable
    IPO opens on 4 June 2024
    IPO Closes on 7 June 2024
    IPO Allotment on  10 June 2024
    Refund Initiation  11 June 2024
    Credit of Shares 11 June 2024
    Listing on 12 June 2024
    Registered Office of the Company
    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

    Who is the Lead Manager of 3C IT Solutions IPO?
    Kreo Capital Private Limited
    Who is the Registrar to IPO?
    Skyline Financial Services Private Ltd
    3C IT Solutions IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
    (reworked after Bonus & split) Rs.in Cr Rs.in Crore Rs. %
    2020-21 40.64 0.86 1.99 34.79
    2021-22 66.94 1.11 2.57 27.58
    2022-23  62.93 1.14 2.63 33.51
    Book Value of the Share on (reworked after Bonus & split) 31.12.2023 Rs 10.65    
    BV of the Share at cap price after the IPO Rs. 22.33    
    Offer Price/upper band   Rs. 52    

    3C IT Solutions IPO
    Key Performance indicators
    Price/last EPS of 22-23  19.77
    Price/BV Ratio 4.90
    Upper price/BV after IPO  2.33


    How 3C IT Solutions IPO compares with the Peers?

    As on date of RHP FV Total  PE
      Rs. Income Ratio of
        Rs. In Cr  
    3C IT Solutions 5   61.93 19.77
    Dev IT 5 121.97 36.73
           
           

    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    3C IT Solutions IPO To the point Guidance
    3C IT Solutions is engaged in the business of infrastructure solutions, digital business solutions and consulting solutions. The Company is an IT integration Company, providing solutions for application software, compute, storage and networks.
    Size:  The net offer is of Rs. 10.86 Crore/2088000 shares. Retail portion is Rs. 5.43 crore and it can get one time subscribed with 522 applications. The size of the IPO is not very large, looking to the investor frenzy and one time over subscription may not be an issue. 
    Financial Snapshot:
    The company has issued bonus shares after the close of 2022-23 and then the shares are subdivided in to FV of Rs. 5. Accordingly, we have reworked the EPS on the basis of enlarged equity and shown reworked EPS. The company has good growth trend of topline and profitability. Though Dev IT is much bigger in scale, even this IPO may bring in listing gains. May Apply. 

    Quicklinks


    3C IT Solutions
    IPO GMP today details?

    3C IT Solutions IPO

    3C IT Solutions IPO FAQs

    What is 3C IT Solutions IPO?

    3C IT Solutions is a SME IPO of 2200000 equity shares of the face value of Rs. 5 aggregating up to Rs.11.44 Crores. The issue is priced at Rs.52 per share. The minimum order quantity is 2000 Shares.

    When will 3C IT Solutions IPO open?
    3C IT Solutions IPO opens on June 4, 2024, and closes on June 7, 2024.

    What is the lot size of 3C IT Solutions IPO?
    3C IT Solutions IPO lot size is 2000 Shares, and the minimum amount required is Rs.104000.

    How to apply for 3C IT Solutions IPO?
    You can apply in 3C IT Solutions IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

    When is 3C IT Solutions IPO allotment?
    The finalization of Basis of Allotment for 3C IT Solutions IPO will be done on 10 June, 2024, and the allotted shares will be credited to your demat account by June 11, 2024.

    When is Sattrix Information Security IPO listing date?
    3C IT Solutions IPO listing date is June 12, 2024.

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