3C IT Solutions & Telecoms (India)
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 04 Jun 2024 – 07 Jun 2024
- Listing date
- 12 Jun 2024
- Face value
- ₹5 per share
- Issue price
- ₹52 per share
- Lot size
- 2,000 shares
- Total issue size
- ₹11.44 Cr
- Market cap at offer price
- ₹31.30 Cr
- Promoter holding
- 72.00% → 51.66% pre-issue → post-issue
- ISIN
- INE0R7D01018
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Kreo Capital Pvt.Ltd.
- Registered office
- Flat No.104 & 105, Pavitra Enclave, Somwar Peth, Opp.Ladkat Petrol Pump, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 0 | — | — |
| Market maker | 1,12,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹52
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,04,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,08,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,36,000 |
| B-HNI (min) | 10 | 20,000 | ₹10,40,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.87 | 1.12 |
| P/E (×) | 5.86 | 46.43 |
| Price to book (×) | 4.88 | — |
| Market cap | — | ₹31.30 Cr |
Key performance indicators
- Return on net worth
- 10.98%
- PAT margin
- 2.17%
- NAV per share
- ₹10.65
- Price to book
- 4.88
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About 3C IT Solutions & Telecoms (India)
Incorporated on March 24, 2015 as '3C IT Solutions & Telecoms (India) Private Limited' in Pune, Maharashtra, and converted into a public limited company with effect from a fresh certificate of incorporation dated August 14, 2023, 3C IT Solutions & Telecoms (India) Limited is an ISO 9001:2015 certified IT systems integration company operating for the past 8 years, recognised by DPIIT as a start-up in 'IT Services' and 'IT Management'. It provides customised IT solutions to sectors such as pharmaceutical, education, banking, manufacturing and healthcare through three offerings: Infrastructure Solutions (end-user devices, data centre, computer accessories, networking, IT security, audio-video and power solutions), Digital Business Solutions (mobile device management, business software and cloud services) and Consulting Solutions (facility management, IT infrastructure renting, IT managed services, remote infrastructure management and multibrand hardware break-fix/AMC). The company does not enter into formal contractual agreements with suppliers; upon receipt of client requirements it circulates an RFQ among its pool of vendors, selects the most economically advantageous proposal, procures the products and issues a purchase order to the vendor and a sales order to the customer. It has completed 244 projects through the period ended December 31, 2023 (with 30 ongoing projects), serves a base of more than 750 customers, employs around 24 people, and derives all revenue domestically with no export revenue. Restated revenue from operations was ₹4,063.18 lakhs in FY2021, ₹6,685.46 lakhs in FY2022, ₹6,193.36 lakhs in FY2023 and ₹2,318.40 lakhs for the nine months ended December 31, 2023, with profit after tax of ₹85.93 lakhs, ₹110.90 lakhs, ₹113.62 lakhs and ₹50.52 lakhs respectively.
Company Analysis
from DRHP3C IT Solutions & Telecoms (India) Limited is a Pune-headquartered IT systems integration company providing infrastructure, digital business and consulting solutions to sectors such as pharmaceutical, education, banking, manufacturing and healthcare.
Incorporated on March 24, 2015 as '3C IT Solutions & Telecoms (India) Private Limited' in Pune, Maharashtra, and converted into a public limited company with effect from a fresh certificate of incorporation dated August 14, 2023, 3C IT Solutions & Telecoms (India) Limited is an ISO 9001:2015 certified IT systems integration company operating for the past 8 years, recognised by DPIIT as a start-up in 'IT Services' and 'IT Management'. It provides customised IT solutions to sectors such as pharmaceutical, education, banking, manufacturing and healthcare through three offerings: Infrastructure Solutions (end-user devices, data centre, computer accessories, networking, IT security, audio-video and power solutions), Digital Business Solutions (mobile device management, business software and cloud services) and Consulting Solutions (facility management, IT infrastructure renting, IT managed services, remote infrastructure management and multibrand hardware break-fix/AMC). The company does not enter into formal contractual agreements with suppliers; upon receipt of client requirements it circulates an RFQ among its pool of vendors, selects the most economically advantageous proposal, procures the products and issues a purchase order to the vendor and a sales order to the customer. It has completed 244 projects through the period ended December 31, 2023 (with 30 ongoing projects), serves a base of more than 750 customers, employs around 24 people, and derives all revenue domestically with no export revenue. Restated revenue from operations was ₹4,063.18 lakhs in FY2021, ₹6,685.46 lakhs in FY2022, ₹6,193.36 lakhs in FY2023 and ₹2,318.40 lakhs for the nine months ended December 31, 2023, with profit after tax of ₹85.93 lakhs, ₹110.90 lakhs, ₹113.62 lakhs and ₹50.52 lakhs respectively.
Objects of the Issue
- Funding working capital requirements of the Company ₹385.79 lakhs p.73
- Repayment/prepayment of certain borrowings availed by the Company ₹243.52 lakhs p.75
- General corporate purposes p.77
- To meet issue expenses p.77
Issue Structure
- Total Issue
- Up to 22,00,000 Equity Shares aggregating up to ₹ [●] Lakhs
- Fresh Issue
- Up to 17,00,000 Equity Shares aggregating up to ₹ [●] Lakhs
- Offer for Sale
- Up to 5,00,000 Equity Shares by M/s. Gold Circle Venture Partners LLP aggregating up to ₹ [●] Lakhs
- Face Value
- ₹5/- per Equity Share
Business Model
The company earns revenue from operations by supplying third-party IT hardware products (servers, desktops, laptops, networking equipment sourced from distributors/vendors selected through an RFQ process, without long-term supply contracts) and by delivering IT services billed project-wise across three segments — Infrastructure Solutions, Digital Business Solutions and Consulting Solutions (including renting, managed services, facility management and AMC/break-fix services) — to clients in India only.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Ranjit Kulladhaja Mayengbam | Promoter | 65.89% | — |
| Gangarani Devi Mayengbam | Promoter | 6.11% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.