3C IT Solutions Opens Low, Listed with a 17.29% discount at ₹43.01 on BSE SME

3C IT Solutions & Telecoms debuted poorly, with shares listing at ₹43.01 on BSE SME, 17.29% below the IPO price of ₹52, showing a substantial market discount.
3C IT Solutions Opens Low, Listed with a 17.29% discount at ₹43.01 on BSE SME

3C IT Solutions & Telecoms (India) experienced a disappointing start in the stock market, with its shares opening at ₹43.01 on BSE SME. This listing price was 17.29% lower than the initial offering price of ₹52 per share, reflecting a significant discount.

The 3C IT Solutions IPO saw robust demand, securing a 20.21-fold oversubscription overall. By June 7, retail investors had subscribed 29.79 times, while other categories recorded a 10.63 times subscription, highlighting strong investor interest across different segments.

Based in Pune, Maharashtra, 3C IT Solutions & Telecoms (India) Limited boasts eight years of specialised expertise in IT system integration. The company delivers custom solutions ranging from power management to data centres, focusing on seamless integration and client satisfaction. They offer tailored IT solutions, including data storage, server infrastructure, network design, and security, ensuring efficient and cost-effective systems.

3C IT Solutions and Telecoms India Limited’s IPO aims to allocate funds primarily for enhancing working capital by INR 3.86 crores and repaying debts worth INR 2.44 crores. Additional funds will support general corporate activities, strategic growth, and financial stability.

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