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3C IT IPO
Price Band
₹
Issue Size
₹11.44 Cr
Lot Size
2,000 shares
Min Investment
₹104,000
GMP
—
Issue Price
₹52.0
3C IT IPO AI Summary
- 3C IT IPO is listed on BSE SME in the IT Enabled Services sector.
- Subscription window: 04 Jun–07 Jun 2024, listing on 12 Jun 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
3C IT IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
3C IT IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2015, 3C IT Solutions & Telecoms (India) Limited is an IT systems integration company. The company offers various IT products and services bifurcated under 3 segments i.e. Infrastructure solutions, Digital business solutions, and Consulting solutions to meet the client requirements. The company's product and services portfolio includes: Infrastructure solutions: End User and Devices, Device Configuration, Data Protection, Computer Accessories, Networking Solutions, IT Security Solutions and Audio Video Solutions. Digital business solutions: MDM- Mobile Device Management, Project Management Tools, Collaboration Software, Video Conferencing Tools, Sales Enablement Software, Cloud Implementation Services and more. Consulting solutions: Facility Management System (FMS) Solutions, IT Infrastructure Renting Solutions, remote infrastructure management solutions, Multibrand Hardware Break-Fix Service and more. 3C IT offers the following solutions to their clients: Data Storage Management. Server infrastructure solutions that maximise IT investment and deliver high performance. Customized network design and implementation solutions. Security consolidation and optimisation to capitalise on the current investment.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 18.98 | 28.86 | 34.65 | 18.36 |
| Total Income | 23.56 | 62.93 | 66.94 | 40.64 |
| Profit After Tax | 0.51 | 1.14 | 1.11 | 0.86 |
| NET Worth | 4.60 | 4.10 | 2.61 | 1.50 |
| Reserves and Surplus | 2.44 | 3.74 | 2.60 | 1.49 |
| Total Borrowing | 5.92 | 13.40 | 10.40 | 3.98 |
Key Ratios
EPS
₹8.87
NAV
₹10.65
RoNW
10.98%
P/B Value
4.88
P/E Ratio
5.86
Market Cap
₹31.30 Cr
PAT Margin
2.17%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Dev Information Technology Limited | 19.17 | 20.57% | 36.73 | 3.95 | 3.95 |
| 3C IT Solutions & Telecoms (India) Limited This IPO | 113.81 | 27.73% | 5.86 | 8.87 | 8.87 |
Promoters
Ranjit Kulladhaja Mayengbam and Gangarani Devi Mayengbam
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Working Capital Requirements of our Company 3.86 2 Repayment/ Prepayment of Certain Borrowings availed by our Company 2.44 3 General Corporate Purpose 2.21
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹66.94 Cr in the period ending 31 Mar 2022, decreasing to ₹62.93 Cr by 31 Mar 2023, and further declining to ₹23.56 Cr in the most recent period ending 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.11 Cr in the period ending 31 Mar 2022, slightly increasing to ₹1.14 Cr by 31 Mar 2023, before dropping to ₹0.51 Cr in the most recent period ending 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at a P/E ratio of 5.86 at the issue price, compared to peers trading at a P/E of 36.73.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the expected listing price and demand for the IPO, but it is not a guaranteed measure of performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs like this, which can be subject to higher volatility and uncertainty.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market conditions, investor sentiment, and the company's performance can all influence how the stock performs on its first day of trading. Investors should be aware that gains are not guaranteed.
This evaluation is generated from 3C IT's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does 3C IT IPO open and close?
3C IT IPO opens on 04 June 2024 and closes on 07 June 2024.
When does 3C IT IPO list on the stock exchange?
3C IT IPO listed on 12 June 2024 at ₹52.0.
What is the lot size for 3C IT IPO?
The lot size for 3C IT IPO is 2000 shares, requiring a minimum investment of ₹104,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹52.0.
What is the minimum investment required?
The minimum investment required is ₹104,000 for a lot size of 2000 shares.
When is the IPO open for subscription?
The IPO is open for subscription from June 4, 2024, to June 7, 2024.
When will the shares be listed?
The shares are expected to be listed on June 12, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected demand for the shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Jun 2024
Close
07 Jun 2024
Allotment
10 Jun 2024
Listing
12 Jun 2024
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