Esconet Technologies Limited IPO is an NSE SME IPO. They are going to raise ₹28.22 Crores via IPO. The issue is priced at ₹80 to ₹84 per equity share. The IPO is to be listed on NSE.
Esconet Technologies Limited IPO opens for subscription on February 16, 2024, and closes on February 20, 2024. The allotment for the Esconet Technologies Limited IPO is expected to be finalized on February 21, 2024. Esconet Technologies Limited IPO will list on NSE SME with tentative listing date fixed as Friday, February 23, 2024.
| Esconet Technologies Limited | NSE SME |
| Minimum Investment ₹134,400 /1 Lot (1600 shares) | Price Range ₹80-₹84 | |
| Max Quantity 1 Lots/1600 Shares | Max Investment ₹134,400 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 28.22 Cr | Employee Discount ₹0 |
| Total Issue Size 3,60,000 Shares (aggregating up to ₹28.22 Cr) | Share Holding Pree Issue 9,000,000 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 3,360,000 Shares (aggregating up to ₹28.22 Cr) | Share Holding Post Issue 12,360,000 | Listing At NSE SME |
| Market Maker Portion 176,000 shares (Ss Corporate Securities) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 16 Feb 2024 |
| Offer Ends | 20 Feb 2024 |
| Allotment | 21 Feb 2024 |
| Refunds | 22 Feb 2024 |
| Credit of shares to Demat account | 22 Feb 2024 |
| IPO Listing | 23 Feb 2024 |
About Esconet Technologies Limited
Founded in 2012, Esconet Technologies Limited provides high-end supercomputing solutions, and data center facilities that include storage servers, network security, virtualization, and data protection.
Esconet Technologies Private Limited, founded in 2012, is engaged in the business of meeting a wide range of IT requirements such as high-end supercomputing solutions, data center facilities, encompassing storage servers, network security, virtualization, and data protection. Their comprehensive solutions cater to the needs of SMEs, large enterprises, and public sector clients. Furthermore, Esconet extends its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring that its clients have access to
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.
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.
| founded in | Managing Director |
| 2012 | Mr. Santosh Kumar Agrawal |
Share Holding
| Share Holding Pre-Issue | 89.18% |
| Share Holding Post-Issue | 64.94% |
Esconet Technologies Limited IPO Prospectus
| Esconet Technologies Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2023 |
| Revenue | ₹7,146.71 | ₹9,690.84 |
| Assets | ₹4,260.46 | ₹2,798.37 |
| Profit | ₹305.47 | ₹304 |
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹18,417.01 | ₹18,390.46 | ₹13,235.91 |
| Assets | ₹10,962.55 | ₹10,297.94 | ₹5,979.36 |
| Profit | ₹666.01 | ₹246.20 | ₹110.54 |
Fundamentals
| Values | Values | ||
| Market cap | 103.82 Cr | ROE | 75.54% |
| P/E (X) | 24.87 | ROCE | 59.11% |
| POST P/E (X) | 16.99 | EPS | 39.63 |
| Debt to Equity | 1.99 | RONW | 54.83% |
Objects of the Issue
- The working capital requirement of the company
- Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses
- General Corporate Expenses
Brokerage Firm IPO Review
- To be updated soon
| Esconet Technologies Limited Contact Details | |
| Address | Esconet Technologies Limited D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020 |
| Phone: | +91 9311881642 |
| cs@esc.co.in | |
| Website | https://www.esc.co.in/ |
| Esconet Technologies Limited IPO Registrar | |
| . | Skyline Financial Services Private Ltd |
| Phone | 02228511022 |
| ipo@skylinerta.com | |
| Website | https://www.skylinerta.com/ipo.php |
| Esconet Technologies Limited IPO Allotment Status Check |
| Esconet Technologies Limited IPO Allotment Status Check Click Here |
| Esconet Technologies Limited Lead Managers | |
| Corporate CapitalVentures Pvt Ltd 160, Lower Ground Floor, Vinoba Puri, Lajpat Nagar � II, New Delhi 110 024 | |
| Phone | +91 11 4170 4066 |
| info@ccvindia.com | |
| Website | http://ccvindia.com/ |
Esconet Technologies Limited IPO FAQs
What is Esconet Technologies Limited IPO?
- Esconet Technologies Limited IPO is an NSE SME IPO. They are going to raise ₹28.22 Crores via IPO. The issue is priced at ₹80 to ₹84 per equity share. The IPO is to be listed on NSE.
When Esconet Technologies Limited IPO will open?
- The IPO is to open on February 15, 2023, for NII, and Retail Investors.
What is Esconet Technologies Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Esconet Technologies Limited IPO Size?
- Esconet Technologies Limited IPO size is ₹28.22 crores.
What is Esconet Technologies Limited IPO Price Band?
- Esconet Technologies Limited IPO Price Band is ₹80 to ₹84 per equity share.
What is Esconet Technologies Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1600 Shares) with ₹13,400. and Maximum Lot Size 1 Lots (1600 Shares) with ₹134,400
What is Esconet Technologies Limited IPO Allotment Date?
- Esconet Technologies Limited IPO allotment date is February 21, 2024.
What is Esconet Technologies Limited IPO Listing Date?
- Esconet Technologies Limited IPO listing date is February 23, 2024. The IPO to list on NSE.