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3C IT IPO vs Durlax Top Surface IPO

Comparision between 3C IT IPO and Durlax Top Surface IPO.

IPO Details

3C IT IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Durlax Top Surface IPO is a SME Book Built Issue proposed to list at NSE SME.

  3C IT IPO Durlax Top Surface IPO
Logo 3C IT IPO Logo Durlax Top Surface IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Kreo Capital Private Limited Expert Global Consultants Private Limited
Registrar Skyline Financial Services Private Ltd Bigshare Services Pvt Ltd
Market Maker Shreni Shares Limited Globalworth Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor 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 Durlax Top Surface IPO is up to ₹40.80 Cr. The final issue price of 3C IT IPO is ₹52.00 per share and of Durlax Top Surface IPO is ₹68.00 per share.

  3C IT IPO Durlax Top Surface IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹65.00 per share
Issue Price (Upper) ₹68.00 per share
Issue Price (Final) ₹52.00 per share ₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2000 shares
Fresh Issue Size 17,00,000 shares 42,00,000 shares
Fresh Issue Size (Amount) up to ₹8.84 Cr up to ₹28.56 Cr
OFS Issue Size 5,00,000 shares 18,00,000 shares
OFS Issue Size (Amount) up to ₹2.60 Cr up to ₹12.24 Cr
Issue Size Total 22,00,000 shares 60,00,000 shares
Issue Size Total (Amount) up to ₹11.44 Cr up to ₹40.80 Cr

IPO Timetable

3C IT IPO opens on Jun 04, 2024, while Durlax Top Surface IPO opens on Jun 19, 2024. The closing date of 3C IT IPO and Durlax Top Surface IPO is Jun 07, 2024, and Jun 21, 2024, respectively.

  3C IT IPO Durlax Top Surface IPO
Anchor Bid Date Jun 18, 2024
Issue Open Jun 04, 2024 Jun 19, 2024
Issue Close Jun 07, 2024 Jun 21, 2024
Basis Of Allotment (Tentative) Jun 10, 2024 Jun 24, 2024
Initiation of Refunds (Tentative) Jun 11, 2024 Jun 25, 2024
Credit of Share (Tentative) Jun 11, 2024 Jun 25, 2024
Listing date (Tentative) Jun 12, 2024 Jun 26, 2024
Anchor Lockin End date 1 Jul 24, 2024
Anchor Lockin End date 2 Sep 22, 2024

Financials

3C IT IPO P/E ratio is 5.86, as compared to Durlax Top Surface IPO P/E ratio of 16.73.

  3C IT IPO Durlax Top Surface 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

Durlax Top Surface Limited Financial Information (Restated)

Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets10,553.507,673.027,168.11
Revenue9,083.936,684.204,741.81
Profit After Tax505.07209.4448.42
Net Worth2,184.381,671.211,292.27
Reserves and Surplus941.61431.141,277.29
Total Borrowing6,070.713,690.933,929.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 72.00% 95.44%
Promoter Shareholding (Post-Issue) 51.66% 60.35%
P/E Ratio 5.86 16.73
Market Cap ₹31.30 Cr. ₹113.07 Cr.
ROE 26.20%%
ROCE 20.20%%
Debt/Equity 2.78
EPS ₹8.87 ₹4.06
RoNW 10.98%% 23.12%%

Shares Offered

In the 3C IT IPO retail investors (RII) are offered 10,44,000 shares while in Durlax Top Surface IPO retail investors are offered 10,44,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in 3C IT IPO and 22,52,000 shares in Durlax Top Surface IPO.

  3C IT IPO Durlax Top Surface IPO
Anchor Investor Reserveration 5,92,000 shares
Market Maker Reserveration 1,12,000 shares 3,00,000 shares
QIB 0 shares 22,52,000 shares
NII 10,44,000 shares 8,56,000 shares
RII 10,44,000 shares 20,00,000 shares
Employee 0 shares 0 shares
Others
Total 20,88,000 shares 51,08,000 shares

Bids Received (Subscription)

3C IT IPO subscribed 20.21x in total, whereas Durlax Top Surface IPO subscribed 166.79x.

  3C IT IPO Durlax Top Surface IPO
QIB (times) 48.29x
NII (times) 10.63x 415.06x
Big NII (times)
Small NII (times)
RII (times) 29.79x 193.95x
Employee (times)
Other (times)
Total (times) 20.21x 166.79x

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