June 4, 2024 - June 7, 2024

3C IT IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

3C IT IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

3C IT IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

3C IT IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment of IT system integration solutions service providing. It posted inconsistency in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears aggressively priced. Tiny equity capital post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this risky bet. Read detail review...

3C IT IPO Peer Comparison

3C IT Solutions & Telecoms (India) Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
3C IT Solutions & Telecoms (India) Limited	8.87	8.87	113.81	5.86	27.73	0.46
Dev Information Technology Limited	3.95	3.95	19.17	36.73	20.57	4.89	Standalone

* Issue Price of our Company is considered as CMP and for peer group based on closing market price as on May 23 2024 on NSE.

** All the financial information for listed industry peers mentioned above is on a standalone basis sourced from the Annual Reports of the peer company uploaded on the NSE website for the year ended March 31, 2023.

Notes:

(1) P/E Ratio has been computed based on the closing market price of equity shares on the NSE on February 19, 2024 Divided by the Basic EPS.

(2) RONW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as sum of Share capital and reserves and surplus.

(3) NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.

(4) The face value of Equity Shares of our Company is ₹ 5/- per Equity Share and the Issue Price is of ₹ 52/- per share are 10.4 times of the face value of equity share.

3C IT IPO Review by Members

3C IT IPO Reviews, analysis and views by popular members. Read 3C IT Solutions & Telecoms (India) Limited IPO reviews by retail investors to find recommended ipo to buy.

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3C IT IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	4	2	2	0
%	50.00	25.00	25.00	0.00

Member	Review
No recommendation found. Be the first to post the recommendation.

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