IPO

Esconet Technologies Limited IPO

NSE SME

Listed On: Feb 23, 2024 at ₹ 290.0

₹ 134400 /1600 Shares

Check Allotment

Esconet Technologies Limited IPO Details

16 Feb, 2024

Open Date

20 Feb, 2024

Close Date

21 Feb, 2024

Allotment Date

23 Feb, 2024

Listing Date

Issue Price

₹80-84 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

290.0

Listing Date

2024-02-23

Market Lot

1600 Shares (₹134,400/-)

Lead Manager

Corporate Capitalventures Pvt Ltd

Issue Size

3,360,000 shares(aggregating up to ₹28.22 Cr)

Retail Portion

35%

Subscription

508.36 times

IPO Docs

RHP

Esconet Technologies Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved636,800 / 478,4001,115,2002,230,400
Day 1 - 16-02-24 06:00 PM1.26 / 5.40 x15.39 x9.21 x
Day 2 - 19-02-24 06:00 PM1.33 / 75.08 x135.13 x84.05 x
Day 3 - 20-02-24 06:00 PM156.02 / 868.72 x554.96 x508.36 x

Esconet Technologies Limited Valuations

EPS Pre IPO

₹39.63/-

EPS Post IPO

₹4.94/-

P/E Pre IPO

24.87

P/E Post IPO

16.99

RoNW

54.83%

Esconet Technologies Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets2,798.37N/AN/A
Revenue9,690.84N/AN/A
Profit After Tax304.00N/AN/A

About The Company

Esconet Technologies Limited provides high-end supercomputing solutions, and data center facilities that include storage servers, network security, virtualization, and data protection.

The company offers Servers and Graphics Workstations, Comprehensive Data Storage Solutions, Virtualization Software, Backup and Disaster Recovery Solutions, Data Centre and Access Networks, Advanced Software Defined Networks, Network Security Tools, Email Communication Systems, Databases with High Availability, and Log Management and Analytics Software.

The company also provides service and after-sales services which include IT Hardware Installation & Configuration, Deployment and Seamless Integration of Diverse IT Infrastructure Software, Infrastructure Management & Monitoring, Expertise in Private Cloud Setup and Management, Annual Maintenance Services, Managed Backup and Disaster Recovery Solutions, Data Migration Services, and Expert Consulting Services.

The company also offers cloud-based services through its subsidiary ZeaCloud Services catering to various business needs, e.g. disaster recovery services, managed cloud services, private cloud, and DaaS services.

Esconet's clients include Ministry of Defence, National Informatics Centre-MeitY, National Informatics Centre Services Inc - MeitY, Indian Institute of Technology, Indraprastha Institute of Technology Limited, Bharat Electronics Limited, Oil & Natural Gas Commission Limited, Engineers India Limited and Hindustan National Glass & Industries Limited and many more.

As at November 30, 2023, the company had over 47 employees.

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Esconet Technologies Limited - Promoter(s)

Pre Issue Share Holding: 89.18%

Post Issue Share Holding: 64.94%

Company Promoter(s)

  1. Mr. Santosh Kumar Agrawal
  2. Mr. Sunil Kumar Agrawal

Esconet Technologies Limited IPO - Issue Objectives

  1. The working capital requirement of the company
  2. Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses
  3. General Corporate Expenses.

Esconet Technologies Limited IPO - FAQs

Ans. Esconet Technologies Limited IPO is a SME IPO. The issue is priced at ₹80-84 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Feb 16, 2024, and closes on Feb 20, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Esconet Technologies Limited IPO opens on Feb 16, 2024 and closes on Feb 20, 2024.

Ans. The size of Esconet Technologies Limited IPO is 3,360,000 shares(aggregating up to ₹28.22 Cr).

Ans. The IPO price band is set between ₹80-84 per equity share.

Ans. To apply for Esconet Technologies Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Esconet Technologies Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Esconet Technologies Limited IPO is Feb 21, 2024.

Ans. The Esconet Technologies Limited IPO will be listed on Feb 23, 2024.

Ans. Follow the steps to check the allotment status for Esconet Technologies Limited IPO here.