|
The initial public offer (IPO) of 3C IT Solutions & Telecoms (India) received bids for 4,23,18,000 shares as against 17,00,000 shares on offer. The issue was subscribed 24.89 times.
The Retail Individual Investors (RIIs) category put in bids for 3,10,96,000 shares. The Non Institutional Investors (NIIs) category put in bids for 1,12,06,000 shares. The Qualified Institutional Buyers (QIBs) category put in bids for 16,000 shares.
The issue opened for bidding on 4 June 2024 and it closed on 7 June 2024. The price of the IPO was fixed at Rs 52 per share. The equity shares will list on BSE’s SME platform.
The issue size comprised of fresh issue of 17,00,000 and offer for sale (OFS) of 5,00,000 shares by existing shareholders.
The company intends to utilize the net proceeds to meet working capital requirement, repayment or prepayment of certain borrowings availed by the company and general corporate purpose.
3C IT Solutions & Telecoms (India) offers customized IT solutions to sectors like pharmaceutical, education, banking, manufacturing, and healthcare. It provides outstanding system integration services through partnerships and proven expertise. The company evaluates existing systems, identifies problems, and builds futuristic, cost-efficient solutions for holistic and seamless IT expansion. As on 31 March 2024, the company has 25 employees on payroll basis.
The company recorded revenue from operations of Rs 23.18 crore and net profit of Rs 0.50 crore for the period as on 31 December 2023.
|