03-Jun-2024
2 mins read
3C IT Solutions & Telecoms IPO is open for subscription starting Tuesday, June 4, 2024, and closing on Friday, June 7, 2024. The price of this upcoming IPO is decided at Rs 52 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,04,000 (52 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,08,000 (52 x 4000 shares). 3C IT Solutions & Telecoms IPO is a fixed price issue of Rs 11.44 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 17 lakh equity shares amounting to Rs 8.84 crores and OFS is of Rs 5 lakh equity shares amounting to Rs 2.60 crores. The allotment for this new IPO is expected to be finalised on Monday, June 10, 2024. 3C IT Solutions & Telecoms IPO will be listed on BSE SME, and the listing date is fixed on Wednesday, June 12, 2024. The book-running lead manager of 3C IT Solutions & Telecoms IPO is Kreo Capital Private Limited. The registrar for this IPO is Skyline Financial Services Limited. The market maker of this issue is Shreni Shares.
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About 3C IT Solutions & Telecoms Limited
3C IT Solutions & Telecoms Limited, incorporated in 2015, is an IT system integration company. The company offers various IT products and services under 3 segments. The segments are infrastructure solutions, Digital business solutions, and consulting solutions to meet customer requirements. 3C IT Solutions & Telecoms' product and services portfolio includes 1) Infrastructure solutions like end-user and devices, device configuration, data protection, computer accessories, networking solutions, IT security solutions, and audio video solutions. 2) Digital business solutions – Mobile devices management, project management tools, Collaboration software, Video conferencing tools, Sales enablement software, Cloud implementation services and more. 3) Consulting services – Faculty management system, IT Infrastructure Renting solutions, remote infrastructure management solutions etc. The company also offers solutions such as data storage systems and server infrastructure solutions that maximise IT investment and deliver high performance, Customised network design and implementation solutions.
Objectives of 3C IT Solutions & Telecoms IPO
The net amount received from this issue will be used for funding the day-to-day capital requirements of the company. Additionally, the funds will be used for repayment and prepayment of loans availed by the company. Other than this general corporate purposes will also be fulfilled.
Financials of 3C IT Solutions & Telecoms Limited (Amt in Rs Lakhs)
3C IT Solutions & Telecoms posted revenue of Rs 2,355.66 lakhs and net profit of 50.52 lakhs for the period ending 31 December 2023. For the period ending 31 March 2023, the company reported revenue of Rs 6,293.48 lakhs and PAT of Rs 113.62 lakhs. The company's revenue decreased by -5.98% but PAT increased by 2.45% between the FY ended 31 March 2023 and 31 March 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 |
|
Revenue |
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 |
Other Important Details of 3C IT Solutions & Telecoms IPO
|
IPO Date |
June 4, 2024 to June 7, 2024 |
|
Listing Date |
June 12, 2024 |
|
Face Value |
Rs 5 per share |
|
Price |
Rs 52 per share |
|
Lot Size |
2000 Shares |
|
Total Issue Size |
2,200,000 shares amounting to Rs 11.44 crore |
|
Fresh Issue |
1,700,000 shares amounting to Rs 8.84 crore |
|
Offer for Sale |
500,000 shares of ₹5 amounting to Rs 2.60 crore |
|
Issue Type |
Fixed Price Issue IPO |
|
Listing At |
BSE SME |
|
Shareholding pre issue |
4,320,000 |
|
Shareholding post issue |
6,020,000 |
|
Market Maker portion |
112,000 shares Shreni Shares |
Time-Table of 3C IT Solutions & Telecoms IPO
|
IPO Open Date |
Tuesday, June 4, 2024 |
|
IPO Close Date |
Friday, June 7, 2024 |
|
Basis of Allotment |
Monday, June 10, 2024 |
|
Initiation of Refunds |
June 11, 2024 |
|
Credit of Shares to Demat |
June 11, 2024 |
|
Listing Date |
June 12, 2024 |
|
Cut-off time for UPI mandate |
5 PM on June 7, 2024 |
Lot Size of 3C IT Solutions & Telecoms IPO
|
Application |
Lots |
Shares |
Amount |
|
Retail - minimum |
1 |
2,000 |
Rs 104,000 |
|
Retail - maximum |
1 |
2,000 |
Rs 104,000 |
|
HNI - minimum |
2 |
4,000 |
Rs 208,000 |
IPO Reservation of 3C IT Solutions & Telecoms Limited
|
Investor Category |
Shares Offered |
|
Retail |
50 percent of the Net issue |
|
Others |
50 percent of the Net issue |
Key Performance Indicator of 3C IT Solutions & Telecoms Limited IPO
The market capitalization of 3C IT Solutions & Telecoms is Rs 31.3 crore.
|
Performance Indicator |
Values |
|
RoNW |
10.98% |
|
P/BV |
4.88 |
|
PAT Margin |
2.17 |
EPS and P/E Ratio Post IPO
|
Pre IPO |
Post IPO |
|
|
EPS (Rs) |
8.87 |
1.12 |
|
P/E ratio |
5.86 |
46.47 |
Promoters of 3C IT Solutions & Telecoms Limited and Their Holdings
The promoters of 3C IT Solutions & Telecoms company are Ranjit Kulladhaja Mayengbam and Gangarani Devi Mayengbam.
|
Shareholding Pre Issue |
72.00 percent |
|
Shareholding Post Issue |
51.66 percent |
Lead Manager(s) of 3C IT Solutions & Telecoms IPO
The lead manager for 3C IT Solutions & Telecoms IPO is Kreo Capital Private Limited.
How do you apply for the 3C IT Solutions & Telecoms IPO?
Wait for the public issue to open for subscription, then click here to apply for the 3C IT Solutions & Telecoms Limited IPO with Bigul.
How do you check the allotment status of 3C IT Solutions & Telecoms IPO?
Skyline Financial Services Limited is the registrar for 3C IT Solutions & Telecoms IPO. To check your allotment status, please click here.
FAQs
1. What are the details of the 3C IT Solutions & Telecoms IPO?
3C IT Solutions & Telecoms IPO is a fixed price issue of Rs 11.44 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 17 lakh equity shares amounting to Rs 8.84 crores and OFS is of Rs 5 lakh equity shares amounting to Rs 2.60 crores.
2. Who are the lead managers for the 3C IT Solutions & Telecoms Limited IPO?
Kreo Capital Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Skyline Financial Services Limited in this IPO?
Skyline Financial Services Limited is the registrar for 3C IT Solutions & Telecoms Limited, handling the IPO's administrative aspects.
4. How can I apply for the 3C IT Solutions & Telecoms IPO?
The public subscription of this new IPO will open on June 4, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The net amount received from this issue will be used for funding the day-to-day capital requirements of the company. Additionally, the funds will be used for repayment and prepayment of certain borrowings availed by the company.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the 3C IT Solutions & Telecoms Limited IPO by visiting here. For further updates follow Bigul.
7. What is the financial performance of 3C IT Solutions & Telecoms Limited?
3C IT Solutions & Telecoms posted revenue of Rs 2,355.66 lakhs and net profit of 50.52 lakhs for the period ending 31 December 2023. For the period ending 31 March 2023, the company reported revenue of Rs 6,293.48 lakhs and PAT of Rs 113.62 lakhs.
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