Esconet Technologies Limited IPO
NSE SMEListed On: Feb 23, 2024 at ₹ 290.0
₹ 268800 /3200 Shares
*Min Investment
16 Feb, 2024
Open Date20 Feb, 2024
Close Date21 Feb, 2024
Allotment Date23 Feb, 2024
Listing DateEsconet Technologies Limited IPO Issue Details
- Issue Price ₹80-84 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 33,60,000 shares(aggregating up to ₹28.22 crore)
- Fresh Share 33,60,000 shares(aggregating up to ₹28.22 crore)
- Listing at NSE SME
- List Price 290.0
- Listing Date 2024-02-23
- Lead Manager Corporate Capitalventures Pvt Ltd
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,34,400 |
| Retail(max) | 1 | 1600 | ₹1,34,400 |
| NII (min) | 2 | 3,200 | ₹2,68,800 |
Esconet Technologies Limited IPO Reservation
Esconet Technologies Limited IPO offers total 3,360,000 shares. Out of which 636,800 (18.95%) allocated to QIB, 478,400 (14.24%) allocated to NII,1,115,200 (33.19%) allocated to RII, NA (NA%) allocated to employees and 953,600 (28.38%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 953,600 (28.38%) | |
| Market Maker Shares Offered | 176,000 (5.24%) | |
| QIB Shares Offered | 636,800 (18.95%) | |
| NII (HNI) Shares Offered | 478,400 (14.24%) | |
| Retail Shares Offered | 1,115,200 (33.19%) | |
| Total Shares Offered | 3,360,000 (100%) |
Esconet Technologies Limited IPO Details
Esconet Technologies Limited IPO is an SME IPO, priced at ₹80-84 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 33,60,000 equity shares, aggregating up to ₹28.22 crores..
The IPO bidding window is open from Feb 16, 2024 to Feb 20, 2024. The allotment is expected to be finalized on Feb 21, 2024, and the tentative listing date is Feb 23, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,34,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,68,800.
Corporate Capitalventures Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Ss Corporate Securities Limited will act as the market maker for this issue.
Esconet Technologies Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 636,800 / 478,400 | 1,115,200 | 2,230,400 |
Day 1 16-02-24 06:00 PM | 1.26 / 5.40 x | 15.39 x | 9.21 x |
Day 2 19-02-24 06:00 PM | 1.33 / 75.08 x | 135.13 x | 84.05 x |
Day 3 20-02-24 06:00 PM | 156.02 / 868.72 x | 554.96 x | 508.36 x |
Esconet Technologies Limited Valuations
Esconet Technologies Limited Company Financials
| 30-Sep-23 | 31-Mar-23 | |
|---|---|---|
| Assets | 4,260.46 | 2,798.37 |
| Revenue | 7,146.71 | 9,690.84 |
| Profit After Tax | 305.47 | 304.00 |
| Net Worth | 902.97 | 554.47 |
| Reserves & Surplus | 825.19 | 477.48 |
| Total Borrowing | 1,008.95 | 1,103.89 |
About Esconet Technologies Limited Company
Formed in 2012, Esconet Technologies Limited specializes in offering high-end supercomputing solutions with other related facilities including data center storage servers, network security, virtualization, and data protection.
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
Log Management and Analytics Software.
In addition to all this, the company offers services and after-sales services, including IT Hardware Installation & Configuration, Deployment and Seamless Integration of Diverse IT Infrastructure Software, Infrastructure Management & Monitoring, Private Cloud Setup and Management, Annual Maintenance Services, Managed Backup and Disaster Recovery Solutions, Data Migration Services, and Expert Consulting Services.
Its subsidiary ZeaCloud Services also offers cloud-based services that cater to various business needs, among them being disaster recovery services, managed cloud services, private cloud services, and DaaS services.The list of Esconet's customers includes 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.
By the end of November 30, 2023, the firm employed more than 47.
Esconet Technologies Limited - Promoter(s)
Mr. Santosh Kumar Agrawal
Mr. Sunil Kumar Agrawal
Pre Issue Share Holding : 89.18%
Post Issue Share Holding : 64.94%
Esconet Technologies Limited IPO - Issue Objectives
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.
Esconet Technologies Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Esconet Technologies Limited | 39.63 | 39.63 | 72.24 | 24.87 | 55 | 1.16 | N/A |
| E2E Networks Limited | 6.85 | 6.77 | 34.13 | 26.11 | 20.06 | N/A | Consolidated |
| Netweb Technologies India Limited | 9.22 | 9.07 | 18.39 | N/A | 68.01 | N/A | N/A |
Notes:
- Considering the nature and size of the business of the Company, the peers are not strictly comparable. However, they have been included for broad comparison.
- Current Market Price (CMP) is the closing price of peer group scrips as on February 06, 2023.
Contact Details
Esconet Technologies Limited
D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020
+91 9311881642
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Esconet Technologies Limited IPO is 3,360,000 shares(aggregating up to ₹28.22 Cr).
Ans. The Esconet Technologies Limited IPO price band is set between ₹80-84 per equity share.
Ans. To apply for Esconet Technologies Limited 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 Esconet Technologies Limited IPO allotment status online.
