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3C IT Solutions IPO – GMP, Details & Review

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3C IT Solutions & Telecoms Limited who are an established IT systems integration company are raising 11.44 crores approximately through Initial Public Offerings (IPO). The IPO will be open from 04th June, 2024 and will close on 07th June, 2024. The IPO Price band is set to ₹52 and a retail investor can do minimum investment of 104,000 for a single lot of 2000 shares.

3C IT Solutions offer outstanding system integration services through highly-valued partnerships and proven expertise. System integration is not merely a technical process and has a strong impact on the core business as well as its people. For a holistic and seamless expansion of the current IT setup, 3C IT works with client organizations in evaluating the existing systems, locating the problems and finally building a system integration solution that is futuristic, cost-efficient and the best in performance.

Mainly there business covers three types of solution which are Infrastructure Solutions, Digital Business Solutions and Consulting Solutions. Infrastructure Solutions include End User & Devices, Computer Accessories, Networking Solutions, IT Security Solutions, Audio Video Solutions and Power Solutions. Digital Business Solutions include MDM – Mobile Device Management, Business Software, Cloud Services. Consulting Solutions includes FMS Solutions, IT infrastructure Renting Solutions, IT Managed Services, Remote Infrastructure Management and Multibrand Hardware Break-Fix Service.

3C IT Solutions IPO Important Dates And Prices

IPO Opening DateJune 04, 2024
IPO Closing DateJune 07, 2024
IPO Allotment DateJune 10, 2024
Date of Refund InitiationJune 11, 2024
Single Price₹52
Total Shares2000/Lot
Minimum Investment₹104,000
IPO ListingJune 12, 2024
Listing OnBSE SME

3C IT Solutions IPO Other Important Details

IPO Issue Size₹11.44 Crores
IPO Face Value₹5/Share
IPO Retail Percentage50%
IPO Others Percentage50%
Retail Min. Investment (1 Lot)₹104,000 (2000 Shares)
Retail Max. Investment (1 Lot)₹104,000 (2000 Shares)
HNI Min. Investment (2 Lots)₹208,000 (4000 Shares)
IPO Mandate Last Date07 June, 2024 (Till 5 PM)
IPO RegistrarSkyline Financial Services Private Ltd

3C IT Solutions IPO GMP (Grey Market Premium)

Day By Day analysis of 3C IT Solutions IPO GMP. IPO Grey Market Premium can increase or decrease depending upon the buyer interests.

DateGMP
As On 03-06-2024₹20

3C IT Solutions & Telecoms Limited Promoters

  • Mr. Ranjit Kulladhaja Mayengbam (Chairman and Managing Director).
  • Mrs. Gangarani Devi Mayengbam (Executive Director and Chief Financial Officer).

Shareholding Pattern or Promoter Holding in 3C IT Solutions IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue43,20,00072.00%
Post Issue60,20,00051.66%

3C IT Solutions & Telecoms Limited Qualities & Strength

  • High standard of product quality and customer service.
  • Offering a variety of products to meet the needs of different customers.
  • Offering innovative and tailored technology services.
  • Provide dedicated assistance and support.
  • ISO 9001:2015 certified Company.
  • Use cutting-edge technologies and innovative strategies.
IncorporationRegistered OfficeWebsiteIPO Doc
March 24, 2015Flat No.104 & 105, Pavitra Enclave,
Somwar Peth, Opp. Ladkat Petrol Pump,
Pune Maharashtra- 411011, India
3citsolutions.comRHP PDF

Objectives of the 3C IT Solutions IPO Issue

3C IT Solutions & Telecoms Limited Company is going to use the funds in:

  • Funding Working Capital Requirements of our Company – Company proposes to utilize Rs. 385.79 lakhs towards funding its working capital requirements in the ordinary course of business.
  • Repayment/ Prepayment of Certain Borrowings availed by our Company – 3C IT Solutions has entered into various borrowing arrangements with banks, financial institutions and others including borrowings in the form of terms loans and channel financing facilities. They are planning to repay or prepayment of all or a portion of the principal amount and the accrued interest thereon.
  • General Corporate Purpose.

In addition, they believe that listing will enhance their corporate image and visibility of brand name of the Company. They also believe that their Company will receive the benefits from listing of Equity Shares on the SME Platform of BSE.

Read More: Latest IPO GMP Today


3C IT Solutions IPO Review (May Apply)

FinancialsDecember 31, 2023March 31, 2023March 31, 2022March 31, 2021
EBITDA (₹ in Lakhs)253.63419.53289.14202.48
PAT (₹ in Lakhs)50.52113.62110.9085.93
PAT Margin (%)2.17%1.83%1.66%2.11%
EPS (in ₹)1.178.8792.4271.61
RONW (%)10.98 %27.73%42.55%57.38%
  • EBITDA of 3C IT Solutions company has an EBITDA of 253.63 in the last 9 Months.
  • PAT is around 50.5 in last 9 month which is very less as compared to 113.62 of previous year.
  • Yet PAT Margin% is increased from 1.83 to 2.17%.
  • RONW % is also reduced to approximately 11% from 27.73% of last year.

Company financial stats are decreasing from the past 9 Months. After thorough review of 3C IT Solutions & Telecoms Limited Company Financial Stats of Previous Years, Our Review for this IPO is you May Apply For this IPO after checking the 1st Day Subscription Status. Don’t Hurry and Apply on the first day as from Stats it is a risky IPO. If the GMP increases above 50 and on opening day if it’s subscription crosses 4-5 Times in Retail Category, then apply for this otherwise not.


FAQ’s Related to 3C IT Solutions IPO

  1. From Which Date 3C IT Solutions IPO will open?

    3C IT Solutions IPO will open from Tuesday, 04 June, 2024.

  2. On which date 3C IT Solutions IPO is going to List?

    3C IT Solutions & Telecoms Limited IPO is going to list on Wednesday, 12 June, 2024.

  3. What is the Lot Size of 3C IT Solutions and Maximum Lot Retail Investor Can Apply?

    3C IT Solutions IPO Lot Size is 2000 Shares and Retail Investor can apply for maximum 1 Lot and price of 1 share is ₹52.

  4. What is the allotment date of 3C IT Solutions IPO?

    3C IT Solutions IPO Allotment date is Monday, 10 June, 2024.

  5. What is the percentage of Shares offered to Retail Investors in 3C IT Solutions IPO?

    In 3C IT Solutions IPO, Retail Investors are offered 50% of Total Shares, Other Investors are offered remaining 50%.

  6. What is the total issue size of 3C IT Solutions IPO?

    3C IT Solutions IPO total issue size is approximately ₹11.44 Crores (2,200,000 Equity Shares)


How You Can Apply For 3C IT Solutions & Telecoms IPO?

  • Before applying for the 3C IT Solutions SME IPO, you must first open a DEMAT account.
  • To open a DEMAT account online, use apps like Groww, Paytm Money, Angel One, Upstox, and Zerodha on your smartphone.
  • Open the app and select the IPO area after creating your DEMAT account.
  • To submit your mandate request, select the 3C IT Solutions & Telecoms Limited IPO and click Apply.
  • Enter the number of shares or lot size that you are interested in applying for, depending on which option is visible in your app.
  • After that Insert bid price of 52 as this is a fixed price SME IPO.
  • Click “Continue” after that. There will be a new screen asking for your UPI ID to be added. Input your UPI ID there.
  • After an IPO application is submitted, you will shortly see a mandate request on your UPI platform. It is extremely rare that it takes an hour. So, please, be patient and don’t worry.
  • After receiving a mandate, click Accept Mandate in the UPI App. Next, enter the mandate amount and your UPI Pin before hitting the Enter key.
  • Once Mandate is approved, the Bank will hold onto the IPO Amount until the day that refunds begin.
  • In the event that you are allotted shares for 3C IT Solutions Initial Public Offering (IPO) on Monday, June 10, 2024, funds from your bank account will be permanently deducted.

Will you apply for 3C IT Solutions & Telecoms Limited Company’s Initial Public Offering? Please feel free to leave your comments in the area below! Other users can gain from your comments as well. Keep Reading & Keep Investing !!

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