| Basis of Allotment |
(This is only an advertisement for Information purposes and not a Prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India)
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3C IT SOLUTIONS & TELECOMS (INDIA) LIMITED |
| Corporate Identity Number: U72200PN2015PLC154459, Date of Incorporation: March 24, 2015 |
Our company was originally incorporated as a Private Limited under the name ‘3C IT Solutions & Telecoms (India) Private Limited'' under the provisions of the Companies Act, 2013 and Certificate of Incorporation was issued by the Registrar of Companies, Pune, Maharashtra on March 24,2015 having CIN No. U72200PN2015PTC154459. Subsequently, our Company has been converted into a public limited company and the name of our Company changed to *3C IT Solutions & Telecoms (India) Limited" pursuant to a special resolution passed at the Extra-Ordinary General Meeting of our Company held on July 27.2023 and a fresh Certificate of incorporation dated August 14,2023 issued by the Registrar of Companies. Pune. Maharashtra. The Corporate Identity Number of Our Company is U72200PN2015PLC154459.For further details on incorporation and registered office of our Company, see "History and Certain Corporate Matters" beginning on page 143 of the Prospectus.
| Registered Office: Flat No.104 & 105, Pavitra Enclave, Somwar Peth, Opp. Ladkat Petrol Pump, Pune Maharashtra-411011, India |
| Contact Person: Ms. Laxmi Tiwari, Company Secretary and Compliance Officer; |
| E-mail: corporateoffice@3citsolutions.com; Website: http://3citsolutions.com/; Telephone No.: 020 46047009. |
| PROMOTERS OF THE COMPANY |
| Mr. Ranjit Kulladhaja Mayengbam and Mrs. Gangarani Devi Mayengbam |
| "The Issue is being made in accordance with Chapter IX of the SEBIICDR Regulations (IPO of Small and Medium Enterprises) and theEquity Shares are proposed to be listed on the SME Platform of BSE Limited ("BSE SME"). |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFERING OF UP TO 22,00,000 EQUITY SHARES OF FACE VALUE OFRs.5/- EACH ("EQUITY SHARES") OF 3C IT SOLUTIONS & TELECOMS (INDIA) LIMITED ("3C IT" OR "OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 52/- PER EQUITY SHARE (INCLUDING A PREMIUM OF Rs. 47/- PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TORs. 1144.00 LAKHS COMPRISING OF FRESH OFFER OF UP T017,00,000 EQUITY SHARES AGGREGATING TO Rs. 884.00 LAKHS ("FRESH OFFER") AND AN OFFER FOR SALE OF UP TO 5,00,000/- EQUITY SHARES BY M/S. GOLD CIRCLE VENTURE PARTNERS LLP ("SELLING SHAREHOLDERS") AGGREGATING TO Rs. 260.00 LAKHS ("OFFER FOR SALE") ("THE OFFER") OF WHICH UP TO 1,12.000 EQUITY SHARES AGGREGATING TO Rs. 58.24 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER (‘MARKET MAKER RESERVATION PORTION"). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E. OFFER OF UP TO 20,88,000 EQUITY SHARES OF FACE VALUE OF Rs.5/- EACH AT AN OFFER PRICE OF Rs. 52/- PER EQUITY SHARE AGGREGATING TO Rs. 1085.76 LAKHS ("NET OFFER"). THE OFFER AND THE NET OFFER WILL CONSTITUTE 36.54% AND 34.68% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.FOR FURTHER DETAILS, PLEASE REFER TO CHAPTER TITLED "TERMS OF THE OFFER" BEGINNING ON PAGE 246 OF THE PROSPECTUS.
| FIXED PRICE OFFER AT Rs.52/ PER EQUITY SHARE. | |
| THE FACE VALUE OF THE EQUITY SHARE IS Rs.5/ EACH AND THE OFFER PRICE IS 10.4 TIME OF THE FACE VALUE. | |
| ISSUE PROGRAMME | OFFER OPENED ON : TUESDAY, JUNE 04, 2024 |
| OFFER CLOSED ON : FRIDAY, JUNE 07, 2024 | |
RISK TO INVESTORS |
1. Our Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Offer. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.
2. The average cost of acquisition of Equity Shares by our Promoters is as follows:
| Sr. No. | Name of the Promoter | Acquisition per Equity Share (in Rs.) |
| 1. | Ranjit Kulladhaja Mayengbam | Negligible |
| 2. | Gangarani Devi Mayengbam | Negligible |
| PROPOSED LISTING : JUNE 12, 2024; WEDNESDAY |
| (Subject to the receipt of listing and trading approval from the BSE) |
This issue is being made in terms of Chapter IX of the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended ("SEBI (ICDR) Regulations"), in terms of rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended, this is an issue for at least 25% of the post-issue paid-up equity share capital of our Company. This issue is a fixed price issue and allocation in the net issue to the public will be made in terms of regulation 253 of the SEBI (ICDR) regulations. For further details, please refer chapter titled "issue procedure" beginning on page 254 of the prospectus dated May 25,2024.
SUBSCRIPTION DETAILS |
As per the BSE Bank ASBA, BSE-Member ASBA, & BSE-UPI 29,533 applications for 6,81,66,000 Equity Shares have been received (Before bid not banked cases and before technical rejection). After removing multiple and duplicate bids, bid not banked cases and before technical rejection, the Issue was for 16,818 applications of 4,23.82,000 Equity Shares subscribed to the extent of 19.26 times. After removing technical rejection cases from the Bid book, the Issue was subscribed by 18.78 times.
Detail of the Applications Received (Before bid not banked cases and before technical rejection):
| Category | Number of Application(s) | Number of Equity Shares Applied | Equity Shares Reserved as per Prospectus | No. of Times Subscribed |
| Market Maker | 1 | 1,12,000 | 1,12,000 | 1 |
| Other Than Retail Individual Investors | 1379 | 1,17,48,000 | 10,44,000 | 11.25 |
| Retail Individual Investors | 28,153 | 5,63,06,000 | 10,44,000 | 53.93 |
| Total | 29,533 | 6,81,66,000 | 22,00,000 | 30.98 |
Details of Valid Application:
| Sr. No. | Category | Gross | Less: Valid Rejections | Valid | Allotment | ||||
| Application | Equity Shares | Application | Equity Shares | Application | Equity Shares | Allottees | Equity Shares | ||
| 1. | Market Maker | 1 | 1,12,000 | 0 | 0 | 1 | 1,12,000 | 1 | 1,12,000 |
| 2. | Other Than Retail Individual Investors | 1,258 | 1,11,52.000 | 25 | 1,30,000 | 1,233 | 1,10,22,000 | 233 | 5,58,000 |
| 3. | Retail Individual Investors | 15,559 | 3,11,18,000 | 469 | 9,38,000 | 15,090 | 3,01,80,000 | 765 | 15,30,000 |
| 4. | Total | 16,818 | 4,23,82,000 | 494 | 10,68,000 | 16,324 | 4,13,14,000 | 999 | 22,00,000 |
ALLOCATION : The Basis of Allotment was finalized in consultation with the Designated Stock Exchange i.e. BSE Limited on June 10,2024
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker at the issue price of Rs. 52/- per equity share, was finalized in consultation with BSE SME. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1.12.000 Equity shares.
| Number of Application(s) | Number of Equity Shares Applied | Equity Shares Available for Allotment | No. of Times Subscribed | Spill-Over / Deficit |
| 1 | 1,12,000 | 1,12,000 | 1.00 | - |
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors at the issue price of Rs.52/- per equity share, was finalized in consultation with BSE SME. The category was subscribed by 19.72times i.e.. for 3,01.80.000 Equity Shares as per valid bids. Total number of shares allotted in this category is 15,30.000 Equity Shares to 765 successful applicants.
| Number of Application(s) | Number of Equity Shares Applied | Equity Shares Available for Allotment | No. of Times Subscribed | Spill-Over / Deficit |
| 15,090 | 3,01,80,000 | 15,30,000 | 19.72 | 4,86,000 |
C. Allocation to Non-Retail Individual Investors (Alter Technical Rejections): The Basis of Allotment to the Non-Retail Individual Investors at the issue price of Rs.52/- per equity share, was finalized in consultation with BSE SME. The category was subscribed by 19.75 times i.e., for 1,10,22.000 Equity Shares as per valid bids. Total number of shares allotted in this category is 5,58,000 Equity Shares to 233 successful applicants.
| Sr. No. | No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Proportionanate shares available | Allocation per Applicant | Ratio of allottees to applicants | Serial number of Qualifying applicants | Number of Successful applicants (after rounding off) | %to Total | Total No. of Shares allocated allotted | %to Total | Surplus/ Deficit (7)-(14) | ||
| Before rounding off | After rounding off | |||||||||||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) | |
| 1 | 4000 | 867 | 70.32 | 34,68,000 | 31.46 | 1,75,571 | 203 | 2,000 | 88 | 867 | 88 | 37.77 | 1,76,000 | 31.54 | -429 | |
| 2 | 6000 | 75 | 6.08 | 4,50,000 | 408 | 22,782 | 304 | 2,000 | 11 | 75 | 11 | 4.72 | 22,000 | 394 | 782 | |
| 3 | 8000 | 65 | 5.27 | 5,20,000 | 472 | 26,326 | 405 | 2,000 | 1 | 5 | 13 | 5.58 | 26,000 | 4.66 | 326 | |
| 4 | 10000 | 40 | 3.24 | 4,00,000 | 3.63 | 20,250 | 506 | 2,000 | 1 | 4 | 10 | 4.29 | 20,000 | 358 | 250 | |
| 5 | 12000 | 10 | 0.81 | 1,20,000 | 1.09 | 6,075 | 603 | 2,000 | 3 | 10 | 3 | 1.29 | 6,000 | 1.08 | 75 | |
| 6 | 14000 | 19 | 1.54 | 2,66,000 | 2.41 | 13,467 | 709 | 2,000 | 7 | 19 | 7 | 3.00 | 14,000 | 2.51 | -533 | |
| 7 | 16000 | 7 | 0.57 | 1,12,000 | 1.02 | 5,670 | 810 | 2,000 | 3 | 7 | 3 | 1.29 | 6,000 | 1.08 | -330 | |
| 8 | 18000 | 26 | 2.11 | 4,68,000 | 425 | 23,693 | 911 | 2,000 | 6 | 13 | 12 | 5.15 | 24,000 | 430 | -307 | |
| 9 | 20000 | 63 | 5.11 | 12,60,000 | 11.43 | 63,789 | 1,013 | 2,000 | 32 | 63 | 32 | 1373 | 64,000 | 11.47 | -211 | |
| 10 | 22000 | 7 | 0.57 | 1,54,000 | 140 | 7,796 | 1,114 | 2,000 | 4 | 7 | 4 | 1.72 | 8,000 | 1.43 | -204 | |
| 11 | 24000 | 4 | 0.32 | 96,000 | 087 | 4,860 | 1,215 | 2,000 | 1 | 2 | 2 | 0.86 | 4,000 | 0.72 | 860 | |
| 12 | 28000 | 3 | 0.24 | 84,000 | 0.76 | 4,253 | 1,418 | 2,000 | 2 | 3 | 2 | 0.86 | 4,000 | 0.72 | 253 | |
| 13 | 30000 | 3 | 0.24 | 90,000 | 0.82 | 4,556 | 1,519 | 2,000 | 2 | 3 | 2 | 0.86 | 4,000 | 0.72 | 556 | |
| 14 | 32000 | 1 | 0.08 | 32,000 | 029 | 1,620 | 1,620 | 2,000 | 1 | 1 | 1 | 0.43 | 2,000 | 0.36 | -380 | |
| 15 | 34000 | 2 | 0.16 | 68,000 | 0.62 | 3,443 | 1,721 | 2,000 | 1 | 1 | 2 | 0.86 | 4,000 | 0.72 | -557 | |
| 16 | 36000 | 1 | 0.08 | 36,000 | 033 | 1,823 | 1,823 | 2,000 | 1 | 1 | 1 | 0.43 | 2,000 | 036 | -177 | |
| 17 | 38000 | 2 | 0.16 | 76,000 | 069 | 3,848 | 1,924 | 2,000 | 1 | 1 | 2 | 0.86 | 4,000 | 072 | -152 | |
| 18 | 40000 | 1 | 0.08 | 40,000 | 0.36 | 2,025 | 2,025 | 2,000 | 1 | 1 | t | 0.43 | 2,000 | 036 | 25 | |
| 19 | 42000 | 3 | 0.24 | 1,26,000 | 1.14 | 6,379 | 2,126 | 2,000 | 1 | 1 | 3 | 1.29 | 6,000 | 1.08 | 379 | |
| 20 | 44000 | 2 | 0.16 | 88,000 | 0.80 | 4,455 | 2,228 | 2,000 | 1 | 1 | 2 | 0.86 | 4,000 | 0.72 | 455 | |
| 21 | 46000 | 1 | 0.08 | 46,000 | 042 | 2,329 | 2,329 | 2,000 | 1 | 1 | 1 | 0.43 | 2,000 | 036 | 329 | |
| 22 | 50000 | 1 | 0.08 | 50,000 | 0.45 | 2,531 | 2,531 | 2,000 | 1 | 1 | 1 | 0.43 | 2,000 | 036 | 531 | |
| 23 | 52000 | 1 | 0.08 | 52,000 | 047 | 2,633 | 2,633 | 2,000 | 1 | 1 | 1 | 0.43 | 2,000 | 036 | 633 | |
| 24 | 56000 | 2 | 0.16 | 1,12,000 | 1.02 | 5,670 | 2,835 | 2,000 | 1 | 1 | 2 | 0.86 | 4,000 | 072 | 1.670 | |
| 56000 | 0 | 000 | 0 | 000 | 2,000 | 1 | 2 | 0 | 0.00 | 2,000 | 0.36 | -2,000 | ||||
| 25 | 58000 | 2 | 0.16 | 1,16,000 | 1.05 | 5,873 | 2,936 | 2,000 | 1 | 1 | 2 | 0.86 | 4,000 | 0.72 | 1.8735 | |
| 58000 | 0 | 0.00 | 0 | 0.00 | 2,000 | 1 | 2 | 0 | 0.00 | 2,000 | 0.36 | -2.000 | ||||
| 26 | 60000 | 4 | 0.32 | 2,40,000 | 2.18 | 12,150 | 3,038 | 2,000 | 1 | 1 | 4 | 1.72 | 8,000 | 1.43 | 4.150 | |
| 60000 | 0 | 000 | 0 | 0.00 | 2,000 | 1 | 2 | 0 | 0.00 | 4,000 | 0 72 | -4,000 | ||||
| 27 | 62000 | 1 | 0.08 | 62,000 | 056 | 3,139 | 3,139 | 4,000 | 1 | 1 | 1 | 0.43 | 4,000 | 0.72 | -861 | |
| 28 | 64000 | 3 | 0.24 | 1,92,000 | 174 | 9,720 | 3,240 | 2,000 | 1 | 1 | 3 | 1.29 | 6,000 | 108 | 3.720 | |
| 64000 | 0 | 000 | 0 | 000 | 2,000 | 2 | 3 | 0 | 0.00 | 4,000 | 072 | -4.000 | ||||
| 29 | 78000 | 4 | 0.32 | 3,12,000 | 283 | 15,795 | 3,949 | 4,000 | 1 | 1 | 4 | 1.72 | 16,000 | 2.87 | -205 | |
| 30 | 80000 | 4 | 0.32 | 3,20,000 | 2.90 | 16,200 | 4,050 | 4,000 | 1 | 1 | 4 | 1.72 | 16,000 | 2.87 | 200 | |
| 31 | 82000 | 1 | 0.08 | 82,000 | 0.74 | 4,151 | 4,151 | 4,000 | 1 | 1 | 1 | 0.43 | 4,000 | 0.72 | 151 | |
| 32 | 84000 | 1 | 0.08 | 84,000 | 0.76 | 4,253 | 4,253 | 4,000 | 1 | 1 | 1 | 0.43 | 4,000 | 0.72 | 253 | |
| 33 | 100000 | 2 | 0.16 | 2,00,000 | 1.81 | 10,125 | 5,063 | 4,000 | 1 | 1 | 2 | 0.86 | 8,000 | 1.43 | 2.125 | |
| 100000 | 0 | 000 | 0 | 000 | 2,000 | 1 | 2 | 0 | 0.00 | 2,000 | 036 | -2,000 | ||||
| 34 | 102000 | 1 | 0.08 | 1,02,000 | 093 | 5,164 | 5,164 | 6,000 | 1 | 1 | 1 | 0.43 | 6,000 | 1.08 | -836 | |
| 35 | 118000 | 1 | 0.08 | 1,18,000 | 1.07 | 5,974 | 5,974 | 6,000 | 1 | 1 | 1 | 0.43 | 6,000 | 1.08 | -26 | |
| 36 | 156000 | 1 | 0.08 | 1,56,000 | 1.42 | 7,898 | 7,898 | 8,000 | 1 | 1 | 1 | 0.43 | 8,000 | 1.43 | -102 | |
| 37 | 256000 | 1 | 0.08 | 2,56,000 | 2.32 | 12,960 | 12,960 | 14,000 | 1 | 1 | 1 | 0.43 | 14,000 | 2.51 | -1.040 | |
| 38 | 568000 | 1 | 0.08 | 5,68,000 | 5.15 | 28,756 | 28,756 | 28,000 | 1 | 1 | 1 | 0.43 | 28,000 | 5.02 | 756 | |
| TOTAL | 1233 | 100.00 | 1,10,22,000 | 100.00 | 5,58,000 | 233 | 100.00 | 5,58,000 | 100.00 | -0 | ||||||
The Board of Directors of the Company at its meeting held on June 10.2024 has taken on record the Basis of Allocation of Equity Shares and as approved by the Designated Stock Exchange viz. BSE on June 10.2024 and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are dispatched to the address of the Applicants as registered with the depositories on or before June 10,2024. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount were being processed on or before June 11.2024. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within four days, investors may contact the Registrar to the issue at the address given below. The Equity Shares allocated to successful applicants shall be uploaded on or before June 11,2024 for credit into the respective beneficiary accounts subject to validation of the account details with depositories concerned. The Company is in the process of obtaining approval from BSE and the trading of the equity shares is expected to commence trading on June 12,2024.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated May 25,2024 ("Prospectus-).
| INVESTORS PLEASE NOTE |
The details of the allotment made would also be hosted on the website of the Registrar to the Offer-Skyline Financial Services Private Limited at https://www.skylinerta.com/. AII future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/Sole applicants, serial number of the Application Form, number of shares applied for. applicants DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the applicants, Bank Branch where the application had been submitted, copy of the acknowledgment Slip and payment details at the address of the Registrar given below:
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Tel No: 022-28511022 | |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED | E-mail: ipo@skylinerta.comor, gnevances@skylinerta.com | |
| Contact Person : Mr. Anuj Rana | Website: https://www.skylinerta.com/ | |
| Address: A-506. Dattani Plaza. Kurla Road. Safeed Pool. Andheri (East), | Fax No: 022-28511022 | |
| Mumbai-400072, Maharashtra, India. | SEBI Registration Number: INR000003241 |
| on behalf of the Board of Directors | |
| For 3C IT SOLUTIONS & TELECOMS (INDIA) LIMITED | |
| Sd/- | |
| Mr. Rnjit Kulladhaja Mayengbam | |
| Date: 11/06/2024 | Chairman and Managing Director |
| Place: Pune | DIN: 06929013 |
The Level of Subscription should not be taken to be indicative of either the market price of the Equity Share on Listing or the business prospects of 3C IT Solutions & Telecoms (India) Limited.
Disclaimer: 3C IT Solutions & Telecoms (India) Limited has filled the prospectus with the Registrar of Companies. Pune. The Prospectus shall be available on the website of the Company, the BSE SME and the LM at http://3citsolutions.com', www.bsesme.com, and https https://www.kreocapital.com respectively. Investors should note that investment in equity shares involves a high degree of risk for details relating to the same, see the Prospectus, including, the section titled ‘Risk Factors'' on page 23 of the prospectus.
The Equity Shares have not been and will not be registered under the U.S. Securities Act, 1933 as amended or any State Securities laws in the United States and may not be offered or sold within the United States or to, or for the account or benefit ol U.S. persons, (asdefined in Regulation S of the Securities Act), except pursuant to an exempbon from, or in a transaction not subject to, the Registration requirements of Securities Act. Accordingly, the Equity Shares will be offered and sold (i) in the United States only to qualified institutional buyers, as defined in Rule 144A of the Securities Act. and (ii) outside the United States in offshore transactions in reliance on Regulation under the Securities Act and in compliance with the applicable laws of the jurisdiction where those offers and sales occur. There will be no public issuing in the United States.
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