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
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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,898.43	2,886.14	3,465.47	1,835.90
Revenue	2,355.66	6,293.48	6,694.11	4,063.52
Profit After Tax	50.52	113.62	110.90	85.93
Net Worth	460.26	409.73	260.65	149.75
Reserves and Surplus	244.26	373.73	259.65	148.75
Total Borrowing	592.43	1,339.76	1,040.20	398.22
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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	364.74	296.12	201.81	2.72
Revenue	397.00	358.94	139.41
Profit After Tax	75.77	54.30	13.67	-0.14
Net Worth	141.11	70.34	16.05	2.38
Reserves and Surplus	48.11	67.34	13.05	-0.62
Total Borrowing	9.90	9.90	10.10	0.20
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

Compare with others

3C IT IPO	Associated Coaters IPO
Falcon Technoprojects India IPO	GPES Solar IPO
Durlax Top Surface IPO	United Cotfab IPO
GEM Enviro IPO	3C IT IPO
GPES Solar IPO	Magenta Lifecare IPO
United Cotfab IPO	Sattrix IPO
Magenta Lifecare IPO	TBI Corn IPO
Sattrix IPO	Ztech India IPO
Associated Coaters IPO	Aimtron Electronics IPO
TBI Corn IPO	Beacon Trusteeship IPO
Ztech India IPO	GSM Foils IPO

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