3C IT Solutions IPO 2024: Check out key dates and its latest insights
Company Overview
3C IT Solutions & Telecoms (India) Limited is a company that has been certified under ISO 9001:2015 standards. It provides a range of services, such as Infrastructure Solutions, Digital Business Solutions, and Consulting Solutions, utilizing the latest technologies to provide substantial value in various industries, such as pharmaceuticals, healthcare, academia, financial services, industrial manufacturing, and information technology.
What is 3c IT Solution IPO?
The 3C IT Solutions Initial Public Offering (IPO) is scheduled to launch on June 4. This is a Small and Medium-sized Enterprise (SME) IPO aimed at raising ₹11.44 crores through the IPO process. The IPO will set a price range of ₹52 per share, with a total of 2000 shares available for the market. Based in Pune, Maharashtra, 3C IT Solutions is a well-established company specializing in IT systems integration, having been in operation for the last 8 years. IT systems integration involves merging all the company’s IT systems (including technology, applications, and software) into a unified system that is accessible across all areas of the company.
3C IT Solutions IPO Insights
3C IT Solutions IPO Open Date: June 4, 2024
3C IT Solutions IPO Close Date: June 7, 2024
IPO Size: Approx ₹11.44 Crores, 2,200,000 Equity Shares
Fresh Issue: Approx ₹8.84 Crores, 1,700,000 Equity Shares
Offer for Sale: Approx ₹2.60 Crores, 500,000 Equity Shares
Face Value: ₹10 Per Equity Share
3C IT Solutions IPO Price Band: ₹52 Per Equity Share
IPO Listing on BSE SME
Goals of the Issue (3C IT IPO Goals)
The organization intends to use the funds raised from the Initial Public Offering (IPO) to cover the following objectives:
1.Meeting the Company’s Working Capital Needs
2.Paying off or Prepaying Some Loans Obtained by the Company
3.General Business Activities
3C IT Solutions Initial Public Offering (IPO) Minimum Offer Size
The initial public offering (IPO) minimum offer size for 3C IT Solutions is 2000 shares, requiring an application fee of ₹104,000.
3C IT Solutions Initial Public Offering (IPO) Schedule
The initial public offering (IPO) for 3C IT Solutions is scheduled for June 4, with the final close of the offering on June 7. The date for distributing the shares to investors is June 10, and there is a possibility that the shares could be made available to the public as early as June 12.
IPO Open Date: June 4, 2024
IPO Close Date: June 7, 2024
Basis of Allotment: June 10, 2024
Refunds: June 11, 2024
Credit to Demat Account: June 11, 2024
IPO Listing Date: June 12, 2024
To sum up, 3C IT Solutions & Telecoms (India) Limited is on the brink of a major achievement with its forthcoming Initial Public Offering (IPO) scheduled for June 4, 2024. The firm’s dedication to high standards and superiority, highlighted by its ISO 9001:2015 accreditation and its extensive portfolio of services in Infrastructure, Digital Business, and Consulting Solutions, positions it favorably for a prosperous IPO. The IPO is set to generate around ₹11.44 crores, with a price range of ₹52 per equity share, showcasing the firm’s belief in its value proposition and growth prospects. The raised funds will be allocated to strategic investments in working capital, debt reduction, and general corporate activities, which are anticipated to bolster 3C IT Solutions’ market standing and improve its product offerings. With a solid base and a clear roadmap for the future, 3C IT Solutions is ready to seize the opportunities offered by the IPO to speed up its path to leadership in IT systems integration and a preferred partner in the sectors it operates in.
