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3C IT IPO vs Associated Coaters IPO

Comparision between 3C IT IPO and Associated Coaters IPO.

IPO Details

3C IT IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Associated Coaters IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  3C IT IPO Associated Coaters IPO
Logo 3C IT IPO Logo Associated Coaters IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Kreo Capital Private Limited Gretex Corporate Services Limited
Registrar Skyline Financial Services Private Ltd Bigshare Services Pvt Ltd
Market Maker Shreni Shares Limited Gretex Share Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of 3C IT IPO is up to ₹11.44 Cr whereas the issue size of the Associated Coaters IPO is up to ₹5.11 Cr. The final issue price of 3C IT IPO is ₹52.00 per share and of Associated Coaters IPO is ₹121.00 per share.

  3C IT IPO Associated Coaters IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹52.00 per share ₹121.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1000 shares
Fresh Issue Size 17,00,000 shares 4,22,000 shares
Fresh Issue Size (Amount) up to ₹8.84 Cr up to ₹5.11 Cr
OFS Issue Size 5,00,000 shares
OFS Issue Size (Amount) up to ₹2.60 Cr
Issue Size Total 22,00,000 shares 4,22,000 shares
Issue Size Total (Amount) up to ₹11.44 Cr up to ₹5.11 Cr

IPO Timetable

3C IT IPO opens on Jun 04, 2024, while Associated Coaters IPO opens on May 30, 2024. The closing date of 3C IT IPO and Associated Coaters IPO is Jun 07, 2024, and Jun 03, 2024, respectively.

  3C IT IPO Associated Coaters IPO
Anchor Bid Date
Issue Open Jun 04, 2024 May 30, 2024
Issue Close Jun 07, 2024 Jun 03, 2024
Basis Of Allotment (Tentative) Jun 10, 2024 Jun 04, 2024
Initiation of Refunds (Tentative) Jun 11, 2024 Jun 05, 2024
Credit of Share (Tentative) Jun 11, 2024 Jun 05, 2024
Listing date (Tentative) Jun 12, 2024 Jun 06, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

3C IT IPO P/E ratio is 5.86, as compared to Associated Coaters IPO P/E ratio of 20.72.

  3C IT IPO Associated Coaters IPO
Financial

3C IT Solutions & Telecoms (India) Limited Financial Information (Restated)

3C IT Solutions & Telecoms (India) Limited's revenue decreased by -5.98% and profit after tax (PAT) rose by 2.45% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,898.432,886.143,465.471,835.90
Revenue2,355.666,293.486,694.114,063.52
Profit After Tax50.52113.62110.9085.93
Net Worth460.26409.73260.65149.75
Reserves and Surplus244.26373.73259.65148.75
Total Borrowing592.431,339.761,040.20398.22
Amount in ₹ Lakhs

Associated Coaters Limited Financial Information (Restated)

Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets364.74296.12201.812.72
Revenue397.00358.94139.41
Profit After Tax75.7754.3013.67-0.14
Net Worth141.1170.3416.052.38
Reserves and Surplus48.1167.3413.05-0.62
Total Borrowing9.909.9010.100.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 72.00% 100.00%
Promoter Shareholding (Post-Issue) 51.66% 68.79%
P/E Ratio 5.86 20.72
Market Cap ₹31.30 Cr. ₹16.36 Cr.
ROE 71.66%%
ROCE 68.30%%
Debt/Equity 0.07
EPS ₹8.87 ₹5.84
RoNW 10.98%% 53.69%%

Shares Offered

In the 3C IT IPO retail investors (RII) are offered 10,44,000 shares while in Associated Coaters IPO retail investors are offered 10,44,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in 3C IT IPO and 0 shares in Associated Coaters IPO.

  3C IT IPO Associated Coaters IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,12,000 shares 66,000 shares
QIB 0 shares 0 shares
NII 10,44,000 shares 1,78,000 shares
RII 10,44,000 shares 1,78,000 shares
Employee 0 shares 0 shares
Others
Total 20,88,000 shares 3,56,000 shares

Bids Received (Subscription)

3C IT IPO subscribed 20.21x in total, whereas Associated Coaters IPO subscribed 371.14x.

  3C IT IPO Associated Coaters IPO
QIB (times)
NII (times) 10.63x 239.63x
Big NII (times)
Small NII (times)
RII (times) 29.79x 494.99x
Employee (times)
Other (times)
Total (times) 20.21x 371.14x

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