3C IT Solutions & Telecoms India IPO

3C IT Solutions and Telecoms India IPO: INR 11.44 Cr, with fresh shares worth INR 8.84 Cr and existing shares worth INR 2.60 Cr, to fund working capital and repay borrowings.

Important Details

Open Date : June 4, 2024 Close Date :  June 7, 2024 Allotment Date: June 10, 2024 Listing Date: June 12, 2024

Important Details

IPO Price: INR 52 per share Lot Size: 2000 Shares Total Issue Size: INR 11.44 crores

Fundamental Analysis

3C IT Solutions & Telecoms shows mixed performance 1. Revenue decreased over two years. 2. Equity increased. 3. Profitability, EPS, and RoNW declined. 4. Assets grew,Liquidity & inventory turnover worsened.

Peer Comparison

3C IT Solutions: Efficient operations, moderate revenue, high profitability, sound financial management. Dev Information Technology: Robust revenue, strong market position, profitability challenges.

Objective

3C IT Solutions main objective: 1. Fund working capital requirements. 2. Repay/prepay borrowings. 3. Ensure financial stability. 4. Manage debt for sustainable growth

Risks And Challenges

1. Dependence on talent retention. 2. High attrition rates vulnerability. 3. Competition affecting margins. 4. Sole reliance on domestic sales. 5. Threats to business, operations, financial stability.