3C IT IPO vs United Cotfab IPO

Comparision between 3C IT IPO and United Cotfab IPO.

IPO Details

3C IT IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while United Cotfab IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	3C IT IPO	United Cotfab 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	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Shreni Shares Limited	Spread X Securities 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 United Cotfab IPO is up to ₹36.29 Cr. The final issue price of 3C IT IPO is ₹52.00 per share and of United Cotfab IPO is ₹70.00 per share.

	3C IT IPO	United Cotfab IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹52.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	17,00,000 shares	51,84,000 shares
Fresh Issue Size (Amount)	up to ₹8.84 Cr	up to ₹36.29 Cr
OFS Issue Size	5,00,000 shares
OFS Issue Size (Amount)	up to ₹2.60 Cr
Issue Size Total	22,00,000 shares	51,84,000 shares
Issue Size Total (Amount)	up to ₹11.44 Cr	up to ₹36.29 Cr

IPO Timetable

3C IT IPO opens on Jun 04, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of 3C IT IPO and United Cotfab IPO is Jun 07, 2024, and Jun 19, 2024, respectively.

	3C IT IPO	United Cotfab IPO
Anchor Bid Date
Issue Open	Jun 04, 2024	Jun 13, 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
Anchor Lockin End date 2

Financials

3C IT IPO P/E ratio is 5.86, as compared to United Cotfab IPO P/E ratio of 9.7.

3C IT IPO

United Cotfab 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

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,168.46	5,367.71	1,559.95	107.10
Revenue	11,552.74	64.02	1.88
Profit After Tax	866.65	13.93	1.60	-0.11
Net Worth	1,356.42	993.56	681.97	0.22
Reserves and Surplus	188.10
Total Borrowing	4,750.93	3,821.18	773.47	106.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

72.00%

100.00%

Promoter Shareholding (Post-Issue)

51.66%

69.84%

P/E Ratio

5.86

9.7

Market Cap

₹31.30 Cr.

₹120.33 Cr.

ROE

72.76%%

ROCE

26.95%%

Debt/Equity

3.42

EPS

₹8.87

₹7.22

RoNW

10.98%%

63.89%%

Shares Offered

In the 3C IT IPO retail investors (RII) are offered 10,44,000 shares while in United Cotfab 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 United Cotfab IPO.

	3C IT IPO	United Cotfab IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,12,000 shares	2,60,000 shares
QIB	0 shares	0 shares
NII	10,44,000 shares	24,62,000 shares
RII	10,44,000 shares	24,62,000 shares
Employee	0 shares	0 shares
Others
Total	20,88,000 shares	49,24,000 shares

Bids Received (Subscription)

3C IT IPO subscribed 20.21x in total, whereas United Cotfab IPO subscribed 107.16x.

	3C IT IPO	United Cotfab IPO
QIB (times)
NII (times)	10.63x	114.71x
Big NII (times)
Small NII (times)
RII (times)	29.79x	77.22x
Employee (times)
Other (times)
Total (times)	20.21x	107.16x

Compare with others

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

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