3C IT Solutions and Telecoms (India) IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

Q: When will 3C IT Ltd's IPO open for subscription?

The IPO subscription window will open on June 4, 2024 .

Q: When will 3C IT Ltd list on exchanges?

The listing date for 3C IT is Wednesday, June 12, 2024 .

IPO Details

Bidding Dates

04 Jun '24 - 07 Jun '24

Minimum Investment

₹1,04,000 / 1 Lot ( 2,000 Shares )

Price Range

₹52

Maximum Investment

₹1,04,000 / 1 Lot ( 2,000 Shares )

Retail Discount

Not Applicable

Issue Size

₹11.44 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

3C IT IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 4, 2024

IPO Closing Date

Jun 7, 2024

Basis of Allotment

Jun 10, 2024

Initiation of Refunds

Jun 11, 2024

Credit of Shares to Demat

Jun 11, 2024

IPO Listing Date

Jun 12, 2024

Cut-off time for UPI mandate confirmation

Jun 7, 2024

About 3C IT Solutions and Telecoms (India) Limited

3C IT Solutions & Telecoms (India) Limited was initially established as "3C IT Solutions & Telecoms (India) Private Limited" on March 24, 2015.

Based in Pune, Maharashtra, 3C IT Solutions has been a prominent player in the IT systems integration market for over eight years. The company is dedicated to providing competitive IT system integration services, utilising technologies to deliver substantial value to its stakeholders. It aims to cultivate a reputable, proficient, and professional workforce to meet the varied technological needs of businesses.

The service spectrum of 3C IT Solutions is diverse, encompassing Infrastructure solutions, Digital business solutions, and Consulting solutions, all designed to support the IT requirements of its clients.

3C IT Solutions is ISO 9001:2015 certified, underlining its commitment to quality and innovative solutions tailored to the technological needs of its clients. The company collaborates closely with customers to develop strategies that enhance their existing operations and equip them for future challenges.

With deep industry knowledge and technological expertise, 3C IT Solutions offers a broad portfolio of services specifically geared towards enhancing business practices across various sectors, including pharmaceuticals, education, banking, manufacturing, and healthcare.

The company prides itself on being a reliable partner in its clients’ transformation journeys, adept at exploring new growth opportunities and assisting in expansions into new markets.

Industry Outlook:

The Indian IT industry is exhibiting robust growth, with projected revenues reaching US$ 245 billion in FY23, driven by significant year-over-year increases and strategic international investments.
The data annotation market in India, pivotal for AI development, is set to expand from US$ 250 million in FY20 to US$ 7 billion by 2030, fueled by soaring domestic demand.

3C IT IPO Details

3C IT IPO Dates

3C IT IPO is open from June 4, 2024, to June 7, 2024. The IPO will be listed on BSE SME.

3C IT Limited Price Band

3C IT is a fixed price issue IPO. The price band is set at ₹52 per share.

3C IT Limited Lot Size

The lot size for 3C IT Limited’s IPO is 2,000 shares with a minimum investment of ₹1,04,000.

3C IT Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

Funding Working Capital Requirements of our Company
Repayment/ Prepayment of Certain Borrowings availed by our Company
General corporate purposes
To meet the issue of expenses

Peer Details

3C IT Solutions and Telecoms considers only Dev Information Technology Limited among its industry-listed peers.

How to Check the Allotment Status of the 3C IT Solutions and Telecoms (India) Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the Individual order details page of the IPO that you had applied for.
Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of 3C IT Solutions and Telecoms (India) Limited IPO

Registered office: Flat No.104 & 105, Pavitra Enclave, Somwar Peth, Opp. Ladkat Petrol Pump, Pune Maharashtra- 411011, India
Phone: 020 46047009
E-mail:corporateoffice@3citsolutions.com

IPO Financials

Particulars	For the period Ended on December 31, 2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Total Revenue (in ₹ lakh)	2,355.66	6,293.48	6,694.11	4,063.52
Profit After Tax (PAT) (in ₹ lakh)	50.52	113.62	110.90	85.93
Cash & Cash Equivalents (in ₹ lakh)	45.18	29.48	99.03	177.09
Net Worth (in ₹ lakh)	460.26	409.73	260.65	149.75
Debt to Equity Ratio(x)	1.27	3.23	3.86	2.52
Return on Equity (%)	0.11%	0.26%	0.43%	0.56%
Return on Capital Employed (RoCE) (%)	0.25%	0.26%	0.21%	0.36%
Earning Per Share (EPS)-in absolute ₹	1.17	8.87	92.42	71.61

Know before investing

Strengths

3C IT Solutions and Telecoms tailors IT services to meet unique business challenges, enhancing strategic advantages in a dynamic digital environment.
The management team, including directors and senior managers, collectively boasts over 100 years of experience across IT, telecom, FMCG, and hospitality sectors.
3C IT Solutions holds an ISO 9001:2015 certification, ensuring high standards in application software, web applications, and managed IT services, fostering repeat business.
Strong existing customer relationships facilitate continuous business, enabling 3C IT Solutions to maintain long-term partnerships and enhance their customer retention strategy.

Risks

3C IT Solutions and Telecoms (India) Limited faces litigation risks with potential financial impacts from 14 tax proceedings totalling ₹71.84 Lakhs, which could materially affect its operations.
The company's dependency on highly skilled personnel poses a risk; failure to attract and retain such talent could impact its project staffing and competitive standing.
Intense competition from both organised and unorganised sectors may compress margins, negatively impacting 3C IT Solutions and Telecoms' operational and financial performance.
Being solely reliant on the Indian market, 3C IT Solutions and Telecoms is vulnerable to domestic economic fluctuations, which could adversely affect its financial health and operations.