3C IT Solutions & Telecom (India) was incorporated on March 24, 2015. It is an established IT systems integration company operating for the past 8 years. IT system integration, as the name suggests, combines all of a company’s IT systems (technology, applications, and software) into one unified system. Integration of IT systems is a comprehensive service that includes identifying the client’s business needs, designing solutions, and implementing them within the company.
| Bidding Dates |
|---|
| 04 Jun 2024 - 07 Jun 2024 |
| Subscription |
|---|
| 19.24x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,04,000 | 1 | 1 | 2000 | 2.2 M | ₹52 | 43.36 % | ₹114.4 M | RHP DOC |
3C IT Sol & Telecom IPO SUBSCRIPTION STATUS
07 Jun '243C IT Sol & Telecom IPO overall subscription rate was 19.24 times the total available shares
3C IT Sol & Telecom IPO retail subscription rate was 28.27 times in the retail segment
3C IT Sol & Telecom IPO non-institutional investor subscription rate was 10.2 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Jun 2024 (Day 4) | 28.27x | 10.2x | - |
06 Jun 2024 (Day 3) | 11.16x | 1.39x | - |
05 Jun 2024 (Day 2) | 5.01x | 0.67x | - |
04 Jun 2024 (Day 1) | 1.29x | 0.21x | - |
3C IT Sol & Telecom FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 9MFY24 | 5.1 | 231.8 | 102.7 | 85.4 |
| FY23 | 11.4 | 619.3 | -22.0 | -27.2 |
| FY22 | 11.1 | 668.5 | -59.9 | -60.4 |
| FY21 | 8.6 | 406.3 | 12.3 | 11.6 |
3C IT Sol & Telecom IPO SUBSCRIPTION STATUS DETAILS
3C IT Sol & Telecom had 2.2 M shares on offer
3C IT Sol & Telecom IPO offer price was ₹52
3C IT Sol & Telecom IPO minimum Investment was ₹104000
3C IT Sol & Telecom IPO issue size was ₹ 114.4 M
3C IT Sol & Telecom had a minimum lot size of 2000 Shares per application
3C IT Sol & Telecom NUMBER OF SHARES ON OFFER
3C IT Sol & Telecom IPO IMPORTANT DATES
| Issue Open Date | 04 Jun 2024 |
| Issue close Date | 07 Jun 2024 |
| Allotment Date | 10 Jun 2024 |
| Refund Date | 11 Jun 2024 |
| Demat Account Credit Date | 11 Jun 2024 |
| Listing Date | 12 Jun 2024 |
| Listing on Exchange(s) | BSE |
| 3C IT Sol & Telecom Allotment Status | Exchange |
3C IT Sol & Telecom IPO subscription opened on 04 Jun 2024, and closed on 07 Jun 2024
IPO allotment for 3C IT Sol & Telecom was finalized on Monday, 10 Jun 2024
IPO listing for 3C IT Sol & Telecom was on BSE on Wednesday, 12 Jun 2024
3C IT Sol & Telecom IPO LISTING GAINS
| Issue Price (adjusted) | 52.0 |
| Listing Open Price | 43.0 |
| Listing Close Price | 45.2 |
| Listing Gain% | -17.3% |
| Current Gain% | -70.7% |
3C IT Sol & Telecom Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3C IT Solutions & Telecom (India) Ltd. | 15.2 | 9.2 | 16 | 0 | 0.2 | 4.3 | 1.5 | 58.7 | 59.4 | 0.6 | 1109.3 | 1 | -1109.3 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
3C IT Sol & Telecom INFORMATION ON IPO ISSUE
About 3C IT Sol & Telecom
3C IT Solutions & Telecom (India) was incorporated on March 24, 2015. It is an established IT systems integration company operating for the past 8 years. IT system integration, as the name suggests, combines all of a company’s IT systems (technology, applications, and software) into one unified system. Integration of IT systems is a comprehensive service that includes identifying the client’s business needs, designing solutions, and implementing them within the company.
Object of the Issue
- Funding working capital requirements of the company
- Repayment/prepayment of certain borrowings availed by the company
- General corporate purposes
3C IT Sol & Telecom - PROMOTERS
| Name |
|---|
| Ranjit Kulladhaja Mayengbam |
| Gangarani Devi Mayengbam |
3C IT Sol & Telecom Lead Manager of the Issue
Kreo Capital private Limited
office@kreocapital.com
3C IT Sol & Telecom Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
3C IT Sol & Telecom Strengths
Quality of services
The company has been accredited with ISO 9001:2015 certification for the design and development of application software, web applications, and managed IT services
Tailored IT services
The company's IT solutions are tailored to address client organizations' distinct needs, providing a strategic advantage in the dynamic digital landscape. Instead of prescribing a one-size-fits-all solution, it collaborates with organizations to tailor services, including custom IT solutions, to meet specific challenges
3C IT Sol & Telecom Risks
Litigation and tax proceedings
The company, its promoters, and its directors are party to certain litigation and tax proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business
Competition
The company faces competition in its business from both organized and unorganized players, which may adversely affect its business operations and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2.6 crore, of 500,000 shares. It also consists of a fresh issue of Rs 8.8 crore.
The promoters of the company are Ranjit Kulladhaja Mayengbam and Gangarani Devi Mayengbam.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 52.0 - 52.0.
The IPO application opens on Jun 04, 2024 and closes on Jun 07, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 104,000.0, the maximum value for this IPO is Rs 104,000.0.
This IPO will be allotted on Jun 10, 2024.
The refund will be credited to your account on Jun 11, 2024.
The allotted shares will be credited to your demat on Jun 11, 2024.
3C IT Solutions & Telecom (India) Ltd.’s shares listed on the stock exchanges on Jun 12, 2024.