3C IT Solutions IPO price band set at ₹52 per share; SME IPO to open on June 4

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₹11.44 crore from the primary markets. 3C IT Solutions IPO is an SME IPO which will close on June 7.The company offers various IT products and services under 3 segments i.e.

Infrastructure solutions, Digital business solutions, and Consulting solutions.3C IT Solutions IPO price band has been set at ₹52 per share. The IPO lot size is 2,000 shares and the minimum investment amount required by retail investors is ₹104,000.

Also Read: Kronox Lab Sciences IPO fully booked within an hour of opening on strong retail, NII demand; check GMP, other detailsThe ₹11.44 crore worth 3C IT Solutions IPO is a combination of fresh issue of 17 lakh equity shares aggregating to ₹8.84 crore and an offer-for-sale (OFS) component of 5 lakh shares aggregating to ₹2.60 crore.M/s. Gold Circle Venture Partners LLP is the selling shareholder in the 3C IT Solutions IPO OFS.The company proposes to utilize the net issue proceeds to fund working capital requirements repay or prepay certain borrowings and general corporate purposes.Also Read: Upcoming IPOs: Three new public issues and six new listings scheduled for this week; check full list hereThe IPO allotment is expected to be finalized on June 10, while the company will credit the shares to the demat accounts of eligible investors on June 11.

The refunds will be initiated to unsuccessful bidders on the same day.3C IT Solutions IPO listing date is June 12 and the equity shares of the company will be listed on BSE SME.Kreo Capital Pvt Ltd is the book running lead manager of the 3C IT IPO, while Skyline Financial Services Pvt Ltd is the IPO registrar.Ranjit Kulladhaja Mayengbam and Gangarani Devi Mayengbam are the promoters of 3C IT Solutions & Telecoms (India) Ltd. After the IPO, the promoter