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
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 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

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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,994.75	3,574.93	2,684.52	1,895.51
Revenue	2,639.11	4,280.57	3,291.48	2,560.58
Profit After Tax	840.42	1,001.82	745.23	583.38
Net Worth	3,103.32	2,411.51	1,713.57	1,015.14
Reserves and Surplus	2,050.68	2,380.55	1,677.57	979.14
Total Borrowing			2.00	2.00
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

Compare with others

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

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