3C IT Solutions and Telecoms India Limited are coming up with an IPO worth INR 11.44 crores, consisting of a fresh issue of shares worth INR 8.84 crores and an offer to sell existing shares worth INR 2.60 crores. The company aims to fund working capital, repay borrowings, and support general corporate purposes.
3C IT IPO – Important Dates
| 3C IT Solutions & Telecoms (India) Limited IPO Date | June 4, 2024 to June 7, 2024 |
| 3C IT Solutions & Telecoms (India) Limited IPO Listing Date | June 12, 2024 |
| 3C IT Solutions & Telecoms (India) Limited IPO Price | INR 52 per share |
| 3C IT Solutions & Telecoms (India) Limited IPO Lot Size | 2000 Shares |
| 3C IT Solutions & Telecoms (India) Limited IPO Total Issue Size | INR 11.44 crores |
| 3C IT Solutions & Telecoms (India) Limited IPO Basis of Allotment | June 10, 2024 |
| 3C IT Solutions & Telecoms (India) Limited IPO Initiation of Refunds | June 11, 2024 |
| 3C IT Solutions & Telecoms (India) Limited IPO Credit of Shares to Demat | June 11, 2024 |
| 3C IT Solutions & Telecoms (India) Limited IPO Issue Type | Fixed PriceIssue IPO |
| 3C IT Solutions & Telecoms (India) Limited IPO Listing At | BSE SME |
3C IT Solutions & Telecoms (India) Limited IPO – Company Profile
3C IT Solutions & Telecoms (India) Limited, based in Pune, Maharashtra, offers eight years of comprehensive IT system integration expertise. It provides tailored end-to-end solutions from Power Management to Data Centers, ensuring seamless integration and client satisfaction.
Their company strives to deliver competitive IT system integration capabilities, leveraging best-in-class technologies to bring value to stakeholders. They aim to build a skilled, professional workforce that meets businesses’ diverse technology needs.
They provide comprehensive IT solutions tailored to client needs: data storage management, server infrastructure optimization, customized network design, and security consolidation. Their expertise ensures efficient, cost-effective, and high-performance systems.
3C IT Solutions & Telecoms Ltd IPO Fundamental Analysis
3C IT Solutions & Telecoms (India) Limited’s financial analysis reveals a mixed performance. Revenue decreased over two years. Equity increased, but profitability, EPS, and RoNW declined, raising concerns. Assets grew, but liquidity and inventory turnover worsened.
- Revenue Trend: The revenue decreased from ₹6,685.46 lakhs in March 2022 to ₹6,193.36 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 2,318.40 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has decreased from ₹ 110.90 lakhs in March 2022 to ₹50.52 lakhs by December 2023. The decline in profitability might be a source of concern for the investors.
- Earnings per Share (EPS): The diluted EPS has declined from ₹92.42 in March 2022 to ₹1.17 by December 2023, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has declined from 42.55% to 10.98%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
3C IT Solutions & Telecoms (India) IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 6,685.46 | 6,193.36 | 2,318.40 |
| Equity (₹ in lakhs) | 260.65 | 409.73 | 460.26 |
| Expenses (₹ in lakhs) | 6,540.61 | 6,134.92 | 2,280.86 |
| Profit and Loss After Tax (₹ in lakhs) | 110.90 | 113.62 | 50.52 |
| RoNW (%) | 42.55 | 27.73 | 10.98 |
| NAV per Equity Share (₹) | 2,606.50 | 113.81 | 10.65 |
| Diluted EPS only (₹) | 92.42 | 8.87 | 1.17 |
| Total Assets (in lakhs) | 3,465.47 | 2,886.14 | 1,898.43 |
| Total Liabilities (in lakhs) | 3,204.82 | 2,476.41 | 1,438.17 |
| Debt Equity Ratio | 3.86 | 3.23 | 1.27 |
| Current Ratio (in times) | 1.56 | 2.01 | 2.08 |
| Inventory Turnover Ratio | 5.02 | 3.52 | 1.67 |
3C IT Solutions & Telecoms (India) Limited IPO Peer Comparison
3C IT Solutions & Telecoms showcases efficient operations with a moderate revenue stream and high profitability, indicating sound financial management. Dev Information Technology boasts robust revenue generation, reflecting a strong market position despite profitability challenges.
| Company | CMP (₹) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) | Revenue from Operations (₹ in lakhs) |
| 3C IT Solutions & Telecoms (India) Limited | 52 | 5 | 5.86 | 8.87 | 27.73 | 113.81 | 6,193.36 |
| Dev Information Technology Limited | 119.95 | 5 | 36.73 | 3.95 | 20.57 | 19.17 | 12,197.02 |
3C IT Solutions & Telecoms Ltd IPO Objective
The main objective of 3C IT Solutions and Telecoms India Limited is to fund working capital requirements and repay/prepay certain borrowings, ensuring financial stability and debt management for sustainable growth.
- Funding Working Capital Requirements of the Company: The company intends to utilize INR 3.86 crores to fund its working capital needs, supporting business growth, revenue, and profitability. It emphasizes strategic, corporate, and operational necessities for sustained expansion and financial stability.
- Repayment/Prepayment of certain borrowings availed by the company: The company plans to utilize INR 2.44 crores of the Net Proceeds to repay or prepay certain loans, reduce outstanding indebtedness, lower debt servicing costs, and facilitate business growth.
- General Corporate Purpose: The company plans to deploy the balance of the funds for general corporate purposes, including strategic initiatives, partnerships, joint ventures, acquisitions, facility renovation, brand promotion, liability repayment, and business difficulties.
3C IT Solutions and Telecoms India Limited IPO Risks And Challenges
3C IT Solutions & Telecoms Limited’s risk includes dependence on talent retention, vulnerability to high attrition rates, competition affecting margins, and sole reliance on domestic sales, posing significant threats to business, operations, and financial stability.
- Their operations rely on attracting and retaining qualified personnel. High attrition rates may adversely impact the business. They incur significant employee benefits expenses, reflecting the importance of maintaining a skilled workforce for sustained growth and success.
- Operating in a fiercely competitive industry, their success hinges on product/service quality, pricing, and adaptability to industry trends. Increased competition may erode margins, negatively impacting business operations and financial health.
- Their revenue solely relies on domestic sales in India. Lack of diversification may amplify the effects of domestic market slowdowns or changes, posing significant risks to their business, operations, and financial stability.
3C IT Solutions & Telecoms (India) Ltd IPO – Industry & Market Potential
The global IT market surged to $8852.41 billion in 2023, and it is projected to grow to $11995.97 billion by 2027, driven by rising demand for cloud computing services. This indicates robust expansion opportunities.
India’s IT and BPM sector drives substantial economic growth, aiming for a 10% contribution to GDP by 2025. With a vast internet user base and strong digital infrastructure, India accelerates digital adoption, which is reflected in improved global innovation rankings.
India boosts cybersecurity with a cyber-lab initiative. Meghalaya Enterprise Architecture Project enhances governance. Cloud adoption drives global data center investments, with India expected to invest $5 billion annually by 2025 and create 60–65 million digital skill jobs by 2025-26.
3C IT Solutions & Telecoms Limited IPO – Type of Offer
3C IT Solutions & Telecoms (India) Limited includes a fresh issue worth INR 8.84 crores and an offer to sell 2.60 crore shares by the existing shareholders.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 8.84 crores. The company plans to utilize funds for working capital, repay borrowings, and support general corporate purposes.
- Offer for sale: 3C IT Solutions & Telecoms (India) Limited is offering to sell existing shares worth INR 2.60 crore existing shares. The following are the details of the existing shareholder, who is also the promoter selling the shares:
| Name of the promoter selling shareholder | Maximum number of offered shares for sale (in million) |
| M/s. Gold Circle Venture Partners LLP | 5,00,000 |
3C IT Solutions & Telecoms (India) IPO Offer Size
The offer size of 3C IT Solutions & Telecoms (India) Limited is INR 11.44 crores, consisting of a fresh issue worth INR 8.84 crores and an offer to sell existing shares worth INR 2.60 crore shares. The company seeks funds for working capital, repay borrowings, and support general corporate purposes.
3C IT Solutions & Telecoms (India) Limited IPO Allotment Structure
3C IT Solutions & Telecoms (India) Limited’s Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 112,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 112,000 shares for this purpose.
How to apply for a 3C IT Solutions & Telecoms (India) Limited IPO?
To apply for the 3C IT Solutions & Telecoms (India) Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the 3C IT Solutions & Telecoms (India) Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the 3C IT Solutions & Telecoms (India) Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check 3C IT Solutions & Telecoms (India) Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the 3C IT Solutions & Telecoms (India) Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the 3C IT Solutions & Telecoms (India) Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the 3C IT Solutions & Telecoms (India) Limited IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the 3C IT Solutions & Telecoms (India) Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
3C IT Solutions & Telecoms (India) Limited Ltd IPO Offer Registrar
The registrar for the 3C IT Solutions & Telecoms (India) Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A-506, Dattani Plaza, Kurla Road,
Safeed Pool, Andheri (East),
Mumbai-400072, Maharashtra, India.
Tel No: 022-28511022.
E-mail: [email protected]
Website: https://www.skylinerta.com/
3C IT Solutions & Telecoms (India) Limited Limited IPO – FAQs
The allotment date of the 3C IT Solutions & Telecoms (India) Limited IPO is June 10, 2024.
The price band of the issue is INR 52 per share.
The offer size of 3C IT Solutions & Telecoms (India) Limited is INR 11.44 crores, consisting of a fresh issue worth INR 8.84 crores and an offer to sell existing shares worth INR 2.60 crore shares. The company seeks funds for working capital, repay borrowings, and support general corporate purposes.
The listing date of 3C IT Solutions & Telecoms (India) Limited’s IPO is June 12, 2024.
