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
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 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

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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,553.50	7,673.02	7,168.11
Revenue	9,083.93	6,684.20	4,741.81
Profit After Tax	505.07	209.44	48.42
Net Worth	2,184.38	1,671.21	1,292.27
Reserves and Surplus	941.61	431.14	1,277.29
Total Borrowing	6,070.71	3,690.93	3,929.82
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

Compare with others

3C IT IPO	Durlax Top Surface IPO
Falcon Technoprojects India IPO	The Money Fair IPO
Durlax Top Surface IPO	Winny Immigration IPO
GEM Enviro IPO	Medicamen Organics IPO
GPES Solar IPO	EnNutrica IPO
United Cotfab IPO	Falcon Technoprojects India IPO
Magenta Lifecare IPO	GEM Enviro IPO
Sattrix IPO	GPES Solar IPO
Associated Coaters IPO	United Cotfab IPO
TBI Corn IPO	3C IT IPO
Ztech India IPO	Magenta Lifecare IPO

Comments

Add a public comment...