Esconet Technologies Limited IPO
NSE SMEListed On: Feb 23, 2024 at ₹ 290.0
₹ 134400 /1600 Shares
Check Allotment16 Feb, 2024
Open Date20 Feb, 2024
Close Date21 Feb, 2024
Allotment Date23 Feb, 2024
Listing DateIssue Price
₹80-84 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
290.0Listing Date
2024-02-23Market Lot
1600 Shares (₹134,400/-)Lead Manager
Corporate Capitalventures Pvt LtdIssue Size
3,360,000 shares(aggregating up to ₹28.22 Cr)Retail Portion
35%Subscription
508.36 times
The IPO of Esconet Technologies Limited is priced at ₹80-84 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.
Esconet Technologies Limited IPO bid opening date is from Feb 16, 2024 and the bid closing date was Feb 20, 2024.
Esconet Technologies Limited IPO allotment result will be available on Feb 21, 2024. The tentative listing date for Esconet Technologies Limited is Feb 23, 2024.
The total issue size is 3,360,000 shares(aggregating up to ₹28.22 Cr).
Esconet Technologies Limited IPO Subscription 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
EPS Pre IPO
₹39.63/-EPS Post IPO
₹4.94/-P/E Pre IPO
24.87P/E Post IPO
16.99ROE
75.54%ROCE
59.11%Debt/Equity
1.99RoNW
54.83%Price to Book Value
1.16Esconet Technologies Limited Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 89.18%
Post Issue Share Holding: 64.94%
- Mr. Santosh Kumar Agrawal
- Mr. Sunil Kumar Agrawal
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.
Other Details
Esconet Technologies Limited
D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020Skyline Financial Services Private Ltd
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.
