3C IT Solutions & Telecoms (India) IPO (3C IT IPO) Review

 
3C IT IPO Review

IPO Open Date: June 4, 2024

IPO Close Date: June 7, 2024

IPO Price: ₹52 per share

Lot Size: 2000 Shares

Listing: June 12, 2024

3C IT is scheduled to hit the market on June 04, 2024 and close on June 07, 2024. 3C IT plans to raise around ₹11.44 Cr through an IPO with a sale of up to 2,200,000 equity shares of ₹5 each. The Retail offered 50%, Other Shares Offered 50%.

3C IT Solutions & Telecoms (India) Limited, established in 2015, specializes in IT systems integration. The company provides a range of IT products and services categorized into three segments: Infrastructure solutions, Digital business solutions, and Consulting solutions to cater to the needs of its clients. Under its product and services portfolio, the company offers Infrastructure solutions such as End User and Devices, Device Configuration, Data Protection, Computer Accessories, Networking Solutions, IT Security Solutions, and Audio Video Solutions. Additionally, Digital business solutions include MDM- Mobile Device Management, Project Management Tools, Collaboration Software, Video Conferencing Tools, Sales Enablement Software, and Cloud Implementation Services. Consulting solutions provided by 3C IT encompass Facility Management System (FMS) Solutions, IT Infrastructure Renting Solutions, remote infrastructure management solutions, and Multibrand Hardware Break-Fix Service among others.

3C IT aims to assist clients with Data Storage Management, maximize IT investment and performance through Server infrastructure solutions, offer customized network design and implementation solutions, as well as provide Security consolidation and optimization services to leverage existing investments effectively.

3C IT



3C IT IPO Details

3C IT IPO opens on June 04, 2024, and closes on June 07, 2024. The Listing date for 3C IT IPO is on June 12, 2024. The price band for IPO is ₹52 per share and lot size of 2000 Shares.

IPO DateJune 04, 2024 to June 07, 2024
Listing DateJune 12, 2024
Price₹52 per share
Lot Size2000 Shares
Issue Size₹11.44 Cr
Face Value₹5 per share

3C IT IPO Tentative Timetable

3C IT opening date is June 04, 2024 and close date is June 07, 2024. The IPO allotment date is June 10, 2024. The refund initiation of IPO is on June 11, 2024. The credit of shares in demat account is on June 11, 2024. The listing date is on June 12, 2024.

EventDate
IPO OpeningJune 04, 2024
IPO ClosingJune 07, 2024
IPO Allotment DateJune 10, 2024
Refund InitiationJune 11, 2024
Shares Credit to DematJune 11, 2024
Lisiting DateJune 12, 2024

3C IT IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹104,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹104,000
Retail(Maximum)12000₹104,000
HNI (Minimum)24000₹208,000

3C IT IPO Promoter Holding

Pre Issue Share Holding72.00%
Post Issue Share Holding51.66%

3C IT IPO Review

3C IT Solutions & Telecoms (India) Ltd., a prominent player in the IT systems integration domain, is gearing up to introduce its debut IPO to the market. With a strong emphasis on providing comprehensive IT integration solutions ranging from Power Management to Data Centers, the company aims to raise Rs. 11.44 crore through this offering. However, potential investors should exercise caution as certain red flags have emerged from the company's recent financial performance. The inconsistent top and bottom lines, particularly the sharp decline in bottom lines for the 9M of FY24, indicate a level of risk that investors need to carefully evaluate before considering participation in this IPO.

The IPO particulars outline that 3C IT Solutions & Telecoms (India) Ltd. will issue 2200000 equity shares at a fixed price of Rs. 52 per share, comprising fresh equity shares and an offer for sale component. Scheduled to open for subscription on June 04, 2024, and close on June 07, 2024, the shares will be listed on BSE SME post allotment. While the company's vision of delivering competitive IT system integration capabilities is commendable, potential investors should take note of certain gaps in information. The absence of a dividend policy since inception and the lack of Key Performance Index (KPI) in the offer document raise questions that investors must address before making any investment decisions.

In conclusion, despite 3C IT Solutions & Telecoms (India) Ltd.'s established presence in the IT systems integration sector and its ambitious growth plans, investors must approach this IPO with caution. The company's financial performance history, coupled with the aggressive pricing strategy for the IPO, highlight potential risks that cannot be ignored. With no dividend track record and crucial performance metrics missing, investors are advised to conduct thorough due diligence and seek professional advice to make informed investment choices in this volatile market landscape.

3C IT IPO Subscription Status (Bidding Details)

Table not found

3C IT IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

3C IT IPO FAQs

What is 3C IT IPO?

3C IT is issuing 2,200,000 equity shares with a face value of each, totaling up to ₹11.44 Cr. The shares are being offered at a price of ₹52 each, with a minimum order quantity of 2000 shares.

Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When 3C IT IPO will open?

3C IT will open on June 04, 2024 for QIB, NII, and Retail Investors.

When 3C IT IPO will end?

3C IT will end on June 07, 2024.

What is 3C IT IPO Size?

3C IT IPO size is 11.44 Cr.

What is 3C IT IPO Price Band?

3C IT price band is ₹52 per share.

What is the 3C IT IPO Allotment Date?

3C IT allotment date is June 10, 2024.

What is the 3C IT IPO Listing Date?

3C IT listing date is June 12, 2024. The IPO is to be listed on BSE and NSE.

How to 3C IT IPO through Zerodha?

To apply for the IPO “3C IT” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply 3C IT IPO through Upstox?

To apply for the IPO “3C IT” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check 3C IT IPO Allotment Status?

June 4, 2024For 3C IT IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is 3C IT IPO GMP?

You can check out here: 3C IT IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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