3C IT Solutions & Telecoms (India) IPO
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
IPO Timeline
3C IT Solutions & Telecoms (India) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 04-Jun-24 | - | 0.22 | 1.36 | 0.79 |
| 05-Jun-24 | - | 0.59 | 5.28 | 2.94 |
| 06-Jun-24 | - | 1.35 | 11.76 | 6.56 |
| 07-Jun-24 | - | 10.63 | 29.79 | 20.21 |
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
| 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.
Contact Information
3C IT Solutions & Telecoms (India)
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
Email: corporateoffice@3citsolutions.com
Website: http://3citsolutions.com/
3C IT Solutions & Telecoms (India) IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
3C IT Solutions & Telecoms (India) IPO Lead Manager
Kreo Capital Private Limited
