3C IT IPO vs GPES Solar IPO

Comparision between 3C IT IPO and GPES Solar IPO.

IPO Details

3C IT IPO is a SME Book Built Issue IPO proposed to list at BSE SME while GPES Solar IPO is a SME Book Built Issue proposed to list at NSE SME.

	3C IT IPO	GPES Solar 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	Corporate Capitalventures Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Ss Corporate 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 GPES Solar IPO is up to ₹30.79 Cr. The final issue price of 3C IT IPO is ₹52.00 per share and of GPES Solar IPO is ₹94.00 per share.

	3C IT IPO	GPES Solar IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)		₹90.00 per share
Issue Price (Upper)		₹94.00 per share
Issue Price (Final)	₹52.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	17,00,000 shares	32,76,000 shares
Fresh Issue Size (Amount)	up to ₹8.84 Cr	up to ₹30.79 Cr
OFS Issue Size	5,00,000 shares
OFS Issue Size (Amount)	up to ₹2.60 Cr
Issue Size Total	22,00,000 shares	32,76,000 shares
Issue Size Total (Amount)	up to ₹11.44 Cr	up to ₹30.79 Cr

IPO Timetable

3C IT IPO opens on Jun 04, 2024, while GPES Solar IPO opens on Jun 14, 2024. The closing date of 3C IT IPO and GPES Solar IPO is Jun 07, 2024, and Jun 19, 2024, respectively.

	3C IT IPO	GPES Solar IPO
Anchor Bid Date		Jun 13, 2024
Issue Open	Jun 04, 2024	Jun 14, 2024
Issue Close	Jun 07, 2024	Jun 19, 2024
Basis Of Allotment (Tentative)	Jun 10, 2024	Jun 20, 2024
Initiation of Refunds (Tentative)	Jun 11, 2024	Jun 21, 2024
Credit of Share (Tentative)	Jun 11, 2024	Jun 21, 2024
Listing date (Tentative)	Jun 12, 2024	Jun 24, 2024
Anchor Lockin End date 1		Jul 20, 2024
Anchor Lockin End date 2		Sep 18, 2024

Financials

3C IT IPO P/E ratio is 5.86, as compared to GPES Solar IPO P/E ratio of 21.44.

3C IT IPO

GPES Solar 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

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% 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	4,728.75	4,715.19	1,904.89	1,429.81
Revenue	7,858.88	10,447.63	8,352.99	4,652.91
Profit After Tax	473.27	369.82	277.17	96.94
Net Worth	1,298.08	824.81	454.98	177.81
Reserves and Surplus	578.08	804.81	434.98	157.81
Total Borrowing	1,544.79	1,316.52	517.55	351.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

72.00%

86.4%

Promoter Shareholding (Post-Issue)

51.66%

62.23%

P/E Ratio

5.86

21.44

Market Cap

₹31.30 Cr.

₹110.08 Cr.

ROE

44.59%%

ROCE

26.51%%

Debt/Equity

1.11

EPS

₹8.87

₹4.38

RoNW

10.98%%

42.70%%

Shares Offered

In the 3C IT IPO retail investors (RII) are offered 10,44,000 shares while in GPES Solar IPO retail investors are offered 10,44,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in 3C IT IPO and 5,89,200 shares in GPES Solar IPO.

	3C IT IPO	GPES Solar IPO
Anchor Investor Reserveration		8,83,200 shares
Market Maker Reserveration	1,12,000 shares	3,27,600 shares
QIB	0 shares	5,89,200 shares
NII	10,44,000 shares	4,44,000 shares
RII	10,44,000 shares	10,32,000 shares
Employee	0 shares	0 shares
Others
Total	20,88,000 shares	20,65,200 shares

Bids Received (Subscription)

3C IT IPO subscribed 20.21x in total, whereas GPES Solar IPO subscribed 856.21x.

	3C IT IPO	GPES Solar IPO
QIB (times)		236.64x
NII (times)	10.63x	1,824.87x
Big NII (times)
Small NII (times)
RII (times)	29.79x	793.20x
Employee (times)
Other (times)
Total (times)	20.21x	856.21x

Compare with others

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

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