3c-it-Solutions-ipo

3C IT Solutions & Telecoms (India) IPO

  • Status: Closed
  • RHP:
  • ₹ 104,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    04 Jun 2024

  • Close Date

    07 Jun 2024

  • IPO Price Range

    ₹ 52

  • IPO Size

    ₹ 11.44 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    12 Jun 2024

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3C IT Solutions & Telecoms (India) IPO Subscription Status

Last Updated: 25 June 2024 4:39 PM by 5Paisa

Last Updated: 07th June, 2024 by 5paisa

3C IT Limited IPO is all set to open from 4th June to 7th June 2024. It is an IT systems integration company. The IPO includes a fresh issue of 1,700,000 shares worth ₹8.84 cr. and an offer for sale for 500,000 shares worth ₹2.60 cr. The total IPO size is ₹11.44 cr. The share allotment date is 10th June 2024, and the IPO will be listed on 12th June 2024 on the stock exchanges. The price band is ₹52 and the lot size is 2000 shares.    

Kreo Capital Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar. 

Objectives of the Issue

3C IT Limited plans to utilize the raised capital from the IPO to:
    • To repay or prepay borrowings obtained by the company.
    • To fund the working capital requirement.
    • General corporate purposes. 

3C IT is an IT systems integration company. With 8 years of experience, the company offers end-to-end IT integration solutions which include Power Management to Data Centers and everything in between. It is based in Pune, Maharashtra and is an ISO 9001:2015 certified Company.

Its business segments are:
• Infrastructure Solutions
• Digital Business Solutions
• Consulting Solutions

Peer Comparison

• Dev Information Technology Limited

For More Information:
Webstory on 3C IT Solutions IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 61.93 66.85 40.63
EBITDA 4.19 2.89 2.02
PAT 1.13 1.10 0.86
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 28.86 34.65 18.35
Share Capital 0.36 0.01 0.01
Total Borrowings 24.76 32.04 16.81
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -2.19 -5.99 1.22
Net cash from / (used in) investing activities 1.02 5.19 0.013
Net cash flow from / (used in) financing activities 0.47 0.016 -0.068
Net increase (decrease) in cash and cash equivalents -0.69 -0.78 1.16


Strengths

1. The company offers Tailored IT services.
2. It focuses on quality with an “ISO 9001:2015” certification. 
3. Over the years, the company has achieved various certifications, awards and accreditations.
4. A strong focus on customers is a big plus.
5. Experienced management team.

Risks

1. The company operates in a highly competitive industry. 
2. Most of its business operations are in and from Maharashtra.
3. It has experienced a sharp reduction in sales.
4. It has reported negative cash flow in the past. 

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FAQs

3C IT Limited IPO opens from 4th June to 7th June 2024.

The size of 3C IT IPO is ₹11.44 cr. 

To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section    
• Enter the number of lots and the price at which you wish to apply for the 3C IT Limited IPO.    
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of 3C IT IPO is fixed at ₹52 per share. 

The minimum lot size of 3C IT IPO is 2000 shares and the investment required is ₹1,04,000.

The share allotment date of 3C IT IPO is 10th June 2024.

The 3C IT IPO will be listed on 12th June 2024.

Kreo Capital Private Limited is the book-running lead manager for 3C IT IPO.

• To repay or prepay borrowings obtained by the company.
• To fund the working capital requirement.
• General corporate purposes.