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3C IT IPO vs GEM Enviro IPO

Comparision between 3C IT IPO and GEM Enviro IPO.

IPO Details

3C IT IPO is a SME Book Built Issue IPO proposed to list at BSE SME while GEM Enviro IPO is a SME Book Built Issue proposed to list at BSE SME.

  3C IT IPO GEM Enviro IPO
Logo 3C IT IPO Logo GEM Enviro IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME BSE SME
Lead Managers Kreo Capital Private Limited Share India Capital Services Private Limited

Fintellectual Corporate Advisors Private Limited
Registrar Skyline Financial Services Private Ltd Skyline Financial Services Private Ltd
Market Maker Shreni Shares Limited Share India 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 GEM Enviro IPO is up to ₹44.93 Cr. The final issue price of 3C IT IPO is ₹52.00 per share and of GEM Enviro IPO is ₹75.00 per share.

  3C IT IPO GEM Enviro IPO
Face Value ₹5 per share ₹5 per share
Issue Price (Lower) ₹71.00 per share
Issue Price (Upper) ₹75.00 per share
Issue Price (Final) ₹52.00 per share ₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 17,00,000 shares 14,97,600 shares
Fresh Issue Size (Amount) up to ₹8.84 Cr up to ₹11.23 Cr
OFS Issue Size 5,00,000 shares 44,92,800 shares
OFS Issue Size (Amount) up to ₹2.60 Cr up to ₹33.70 Cr
Issue Size Total 22,00,000 shares 59,90,400 shares
Issue Size Total (Amount) up to ₹11.44 Cr up to ₹44.93 Cr

IPO Timetable

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

  3C IT IPO GEM Enviro IPO
Anchor Bid Date
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
Anchor Lockin End date 2

Financials

3C IT IPO P/E ratio is 5.86, as compared to GEM Enviro IPO P/E ratio of 15.76.

  3C IT IPO GEM Enviro 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

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,994.753,574.932,684.521,895.51
Revenue2,639.114,280.573,291.482,560.58
Profit After Tax840.421,001.82745.23583.38
Net Worth3,103.322,411.511,713.571,015.14
Reserves and Surplus2,050.682,380.551,677.57979.14
Total Borrowing2.002.00
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 72.00% 100.00%
Promoter Shareholding (Post-Issue) 51.66% 73.44%
P/E Ratio 5.86 15.76
Market Cap ₹31.30 Cr. ₹169.13 Cr.
ROE 30.48%%
ROCE 36.55%%
Debt/Equity
EPS ₹8.87 ₹4.76
RoNW 10.98%% 30.48%%

Shares Offered

In the 3C IT IPO retail investors (RII) are offered 10,44,000 shares while in GEM Enviro IPO retail investors are offered 10,44,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in 3C IT IPO and 11,29,600 shares in GEM Enviro IPO.

  3C IT IPO GEM Enviro IPO
Anchor Investor Reserveration 16,92,800 shares
Market Maker Reserveration 1,12,000 shares 3,42,400 shares
QIB 0 shares 11,29,600 shares
NII 10,44,000 shares 8,48,000 shares
RII 10,44,000 shares 19,77,600 shares
Employee 0 shares 0 shares
Others
Total 20,88,000 shares 39,55,200 shares

Bids Received (Subscription)

3C IT IPO subscribed 20.21x in total, whereas GEM Enviro IPO subscribed 265.13x.

  3C IT IPO GEM Enviro IPO
QIB (times) 160.22x
NII (times) 10.63x 462.89x
Big NII (times)
Small NII (times)
RII (times) 29.79x 240.25x
Employee (times)
Other (times)
Total (times) 20.21x 265.13x

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