Esconet Technologies Limited IPO
Esconet Technologies Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹80–₹84 per share. The stock debuted at ₹290, delivering a listing gain of 245.2%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,34,400.
Esconet Technologies Limited IPO
- IPO Dates
- Feb 16, 2024 – Feb 20, 2024
- Price band
- ₹80-84 per equity share
- Minimum Investment
- ₹1,34,400
- Issue size
- ₹28.22 Cr
- Lot size
- 1600
- Allotment Date
- Feb 21, 2024
- Listing
- Feb 23, 2024
- Listing At
- NSE SME
IPO timeline
-
Feb 16, 2024
Open Date
Completed
-
Feb 20, 2024
Close Date
Completed
-
Feb 21, 2024
Allotment Date
Completed
-
Feb 23, 2024
Listing Date
Completed
Esconet Technologies Limited IPO Essentials
Esconet Technologies Limited IPO Details
Esconet Technologies Limited IPO is priced at ₹80-84 per share with a total issue size of 28.22 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹80-84 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,360,000 shares(aggregating up to ₹28.22 Cr)
- Total issue size
- 33,60,000 shares
(aggregating up to ₹28.22 crore) - Fresh issue
- 33,60,000 shares
(aggregating up to ₹28.22 crore) - Listing at
- NSE SME
- List price
- 290.0
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Corporate Capitalventures Pvt 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 reservation details show category-wise allocation of shares. Out of the total 3,360,000 shares, approximately 18.95% are reserved for QIB, 14.24% for NII, 33.19% for retail investors, 5.24% for market maker, and 28.38% for 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 Analytics
Esconet Technologies Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Esconet Technologies Limited IPO Subscription Status
Esconet Technologies Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹39.63/-
- EPS Post IPO
- ₹4.94/-
- P/E Pre IPO
- 24.87
- P/E Post IPO
- 16.99
Returns
- ROE
- 75.54%
- ROCE
- 59.11%
- RoNW
- 54.83%
Fundamentals
- Debt / Equity
- 1.99
- Price / Book
- 1.16
Esconet Technologies Limited Financials( In Lakhs)
| 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 |
Esconet Technologies Limited Company & Offer Insights
About Esconet Technologies Limited
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 are the company's promoters of Esconet Technologies Limited.
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 Information
Contact Details
Esconet Technologies Limited
+91 9311881642
D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Esconet Technologies Limited IPO is a book-built IPO worth ₹28.22 crore. The price band is ₹80–₹84 per share. The IPO opens on Feb 16, 2024 and closes on Feb 20, 2024. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The price band of Esconet Technologies Limited IPO is ₹80 to ₹84 per share.
The lot size of Esconet Technologies Limited IPO is 1600 shares.
The minimum investment for Esconet Technologies Limited IPO is approximately ₹1,34,400 based on the upper price band .
Esconet Technologies Limited IPO opens on Feb 16, 2024 and closes on Feb 20, 2024.
The allotment date of Esconet Technologies Limited IPO is Feb 21, 2024.
Esconet Technologies Limited IPO is expected to be listed on Feb 23, 2024, on NSE SME Platform.
Esconet Technologies Limited IPO valuation snapshot: P/E 16.99, EPS ₹4.94/-, P/B 1.16, RoNW 54.83%, and market cap N/A.
To apply for Esconet Technologies Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Esconet Technologies Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Esconet Technologies Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Esconet Technologies Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Esconet Technologies Limited IPO allotment status on IPO Ji for quick and easy access.