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Esconet Technologies Limited IPO (Esconet Technologies IPO) Detail

February 16, 2024 - February 20, 2024

Esconet Technologies IPO is a book built issue of Rs 28.22 crores. The issue is entirely a fresh issue of 33.6 lakh shares.

Esconet Technologies IPO bidding started from February 16, 2024 and ended on February 20, 2024. The allotment for Esconet Technologies IPO was finalized on Wednesday, February 21, 2024. The shares got listed on NSE SME on February 23, 2024.

Esconet Technologies IPO price band is set at ₹80 to ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the Esconet Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Esconet Technologies IPO is Ss Corporate Securities.

Refer to Esconet Technologies IPO RHP for detailed information.

Esconet Technologies IPO Details

IPO Date February 16, 2024 to February 20, 2024
Listing Date February 23, 2024
Face Value ₹10 per share
Price Band ₹80 to ₹84 per share
Lot Size 1600 Shares
Total Issue Size3,360,000 shares
(aggregating up to ₹28.22 Cr)
Fresh Issue3,360,000 shares
(aggregating up to ₹28.22 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue9,000,000
Share holding post issue12,360,000
Market Maker portion176,000 shares
Ss Corporate Securities

Esconet Technologies IPO Reservation

Esconet Technologies IPO offers 3,360,000 shares. 636,800 (18.95%) to QIB, 478,400 (14.24%) to NII, 1,115,200 (33.19%) to RII and 953,600 (28.38%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered953,600 (28.38%)
Market Maker Shares Offered176,000 (5.24%)
QIB Shares Offered636,800 (18.95%)
NII (HNI) Shares Offered478,400 (14.24%)
Retail Shares Offered1,115,200 (33.19%)
Total Shares Offered3,360,000 (100%)

Esconet Technologies IPO Anchor Investors Details

Esconet Technologies IPO raises Rs 8.01 crore from anchor investors. Esconet Technologies IPO Anchor bid date is February 15, 2024. Esconet Technologies IPO Anchor Investors list

Bid Date February 15, 2024
Shares Offered 953,600
Anchor Portion Size (In Cr.) 8.01
Anchor lock-in period end date for 50% shares (30 Days) March 22, 2024
Anchor lock-in period end date for remaining shares (90 Days) May 21, 2024

Esconet Technologies IPO Timeline (Tentative Schedule)

Esconet Technologies IPO opens on February 16, 2024, and closes on February 20, 2024.

IPO Open Date Friday, February 16, 2024
IPO Close Date Tuesday, February 20, 2024
Basis of Allotment Wednesday, February 21, 2024
Initiation of Refunds Thursday, February 22, 2024
Credit of Shares to Demat Thursday, February 22, 2024
Listing Date Friday, February 23, 2024
Cut-off time for UPI mandate confirmation 5 PM on February 20, 2024

Esconet Technologies IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below 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 ₹134,400
Retail (Max) 1 1600 ₹134,400
HNI (Min) 2 3,200 ₹268,800
Lot Size Calculator

Esconet Technologies IPO Promoter Holding

Mr. Santosh Kumar Agrawal and Mr. Sunil Kumar Agrawal are the promoters of the company.

Share Holding Pre Issue 89.18%
Share Holding Post Issue 64.94%

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.

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.

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets4,260.462,798.37
Revenue7,146.719,690.84
Profit After Tax305.47304.00
Net Worth902.97554.47
Reserves and Surplus825.19477.48
Total Borrowing1,008.951,103.89
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Esconet Technologies IPO is Rs 103.82 Cr.

KPI Values
ROE75.54%
ROCE59.11%
Debt/Equity1.99
RoNW54.83%
P/BV1.16
Pre IPO Post IPO
EPS (Rs) 39.634.94
P/E (x) 24.8716.99
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Esconet Technologies IPO Objectives)

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

  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, and
  3. General Corporate Expenses.

Esconet Technologies IPO Review (May apply)

[Dilip Davda]  The company is in the business of providing IT related services and solutions. It marked growth in its top and bottom lines. From posting loss in FY21, it posted robust profits from FY23 onwards. The segment is getting crowded and competitive. Well-informed investors may park funds for the medium to long term rewards. Read detail review...


Esconet Technologies IPO Subscription Status (Bidding Detail)

The Esconet Technologies IPO is subscribed 507.24 times on February 20, 2024 6:21:00 PM. The public issue subscribed 553.02 times in the retail category, 156.02 times in the QIB category, and 868.05 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB156.02
NII868.05
Retail553.02
Total507.24

Total Application : 385,452 (553.02 times)

Esconet Technologies IPO Prospectus

Esconet Technologies IPO Rating

1
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Rating:Rated 4.0 stars
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Esconet Technologies IPO Listing Details

Listing Date February 23, 2024
BSE Script Code
NSE Symbol ESCONET
ISIN INE0RQZ01017
Final Issue Price ₹84 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹84.00
₹290.00
₹275.50
₹294.95
₹275.50

Check IPO Performance…

Esconet Technologies Limited Contact Details

Esconet Technologies Limited
D-147,
Okhla Industrial Area Phase 1,
South Delhi, New Delhi – 110020
Phone: +91 9311881642
Email: cs@esc.co.in
Website: https://www.esc.co.in/

Esconet Technologies IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Esconet Technologies IPO - Buy or Not

Esconet Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 1

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Esconet Technologies IPO FAQs

Esconet Technologies IPO is a SME IPO of 3,360,000 equity shares of the face value of ₹10 aggregating up to ₹28.22 Crores. The issue is priced at ₹80 to ₹84 per share. The minimum order quantity is 1600 Shares.

The IPO opens on February 16, 2024, and closes on February 20, 2024.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Esconet Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Esconet Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Esconet Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Esconet Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Esconet Technologies IPO opens on February 16, 2024 and closes on February 20, 2024.

Esconet Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹134,400.

You can apply in Esconet Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Esconet Technologies IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024. Check the Esconet Technologies IPO allotment status.

The Esconet Technologies IPO listing date is on February 23, 2024.
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Esconet Technologies IPO Message Board

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201 Comments

109. Madhusudhan Reddy Avula |   Link |  Bookmark |March 5, 2024 1:21:41 PM
@newgen consultancy Holding Azad engineering SHNI lot from IPO, what is your view?It appears expensive now.
108. Redhu Jind |   Link |  Bookmark |February 28, 2024 9:02:19 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Admin @ Chittorgarh.com 
BOA page is having 404 error. can you please fix it ?
107. Vikajay |   Link |  Bookmark |February 28, 2024 6:11:23 PM
Market maker sold partially and bought some.
106. SJogi |   Link |  Bookmark |February 27, 2024 10:27:05 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Detailed analysis!!
📌To open data centers in various states, the Indian government is considering a number of projects. For ex, the UP-Data Center Policy established a target investment of INR 20,000 Cr 🔥 for the development of the 250MW data center industry. 💫

📍➡️Esconet Cloud Arm, ZeaCloud Services, secures 5-Year contract to modernize Morepen's Edge Cloud Infrastructure.✅

📌Recognizing the demand in the Indian market, Esconet introduced its brand, HexaData, specializing in high-performance Servers, Workstations, and storage systems. Additionally, Esconet's strategic collaboration with #NVIDIA has resulted its growth in the Artificial Intelligence (AI) and Machine Learning (ML) domain, enhancing its servers and workstations.💫

📌Promoter interview pts:-
➢We have 100% success rate and satisfaction rate.✅
➢We have repeated customers for HexaData brand.🔥
➢One of my favourite project is the Global Data centre which we built for ONGC, which is accessed by all of their offices across the globe.🔥 🔥
➢Our partners considers us as their own company.💫
➢We can grow at 50% CAGR in future.🚀
➢My dream is to have Esconet rated with an NPS of 95+.✅

📍INDUSTRIES they serve:- Defence, manufacturing, education, healthcare, logistics, telecommunications, legal service ,financial service and Media & entertainment.

📌📌 ➡️ ➡️
▪️Founded in 2012, Esconet Technologies ltd✅ 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.🚀

📌Listed peers P/E:-
➢E2E Network: 73
➢Netweb Techno: 166😮
➢Esconet : 50 ✅

📌AWARDS & RECOGNITION:-
➢Awarded "Top 10 Most Admired Companies in India 2023.” -Economic Times.🔥
➢Esconet Technologies Limited Recognized on Forbes India’s List of Top 200 Organizations with Global Potential(2023).🔥
➢Cloud Data Center Specialist award by INTEL✅ (2018).
➢Best SI Partner by AMD✅ (2018).
➢Most Significant Project of the Year by Veeam (2022).
➢ChannelWorld Premier100 Award ( 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2021 and 2022).🔥
➢Appreciation award by Hewett Peckard Enterpise✅ (2019).

📌About Hexadata SUPERCOMPUTER:-🔥

▪️This fusion of leading technologies enables an unprecedented level of performance for both single-threaded and parallelized tasks, positioning these systems as exceptionally versatile across an array of critical domains including scientific research, data analytics, financial modeling, and media rendering.🔥

➡️KEY Features:-
➢Unmatched Computational Power.✅
➢AI (Artificial Intelligence) and ML (Machine Learning) Optimization.✅
➢Advanced Graphics Workstations.🔥
➢Dedicated Data Storage Solutions.
➢Reliability and Enterprise-Grade Performance.💫

📌📌
▪️IPO price: Rs.84
▪️IPO size: 28.22Cr (excluding anchor size is: 20.21Cr)
▪️CMP:Rs.248
▪️Market cap: 306Cr
▪️P/E: 50✅
▪️EPS:4.94
▪️ROE: 75.54%
▪️ROCE: 59.11%
▪️RoNW: 54.83%
▪️Employees:47
▪️Debt/Equity:1.9
▪️Assets: 42.6Cr
▪️Total Borrowing: 10Cr (Reserves and Surplus:8.25Cr)
▪️Share Holding Pre Issue: 89.18%
▪️Share Holding Post Issue: 64.94%

📌FINANCIALS:
▪️FY24H1 Rev: 71.46 Cr🔥
▪️FY24H1 PAT: 3.06 Cr🔥(>FY23 full year)
▪️FY23 revenue is 96.9Cr as compared to 69 Cr(FY22), 41%✅ growth yoy.
▪️FY23 PAT is 3.04 Cr as compared to 0.72 Cr(FY22), 322%✅ growth yoy.
▪️120%🔥 growth in revenue in last 2 years.
▪️30400%🔥 growth in PAT in last 2 years.

(PAT margins of - (2.28) % (FY21), 1.06% (FY22), 3.21% (FY23), 4.28% (H1-FY24).✅)
(📍Increase in Revenue is due to competitive advantage and increase in govt orders)

📌Revenue Bifurcation:-
▪️Government:- 25-36%✅
▪️Other than Government:- 64-75%✅

📌IPO funds:
From the net proceeds of the IPO funds, it will utilize Rs. 16.00 cr. for working capital, Rs. 2.50 cr. for investment in wholly owned subsidiary i.e. Zeacloud Services Pvt. Ltd., and the rest general corporate purposes.

📌➡️CLIENTS:
➢Ministry of Defence🔥
➢National Informatics Centre-MeitY✅
➢National Informatics Centre Services Inc. – MeitY✅
➢IIT🔥
➢Bharat Electronics Limited💫
➢ONGC✅
➢SIEMENS🔥
➢Morepen lab.
➢MapMyIndia🔥
➢Engineers India Limited

📌SECTOR GROWTH:
▪️The global supercomputer market is projected to increase at an impressive CAGR of 10.5% and hit a valuation of US$ 19 billion by the end of 2033, up from US$ 7 billion in 2023.✅

▪️The global server market size is anticipated to reach USD 175.29 billion by 2030, growing at a CAGR of 9.3% from 2023 to 2030, according to the latest study by Grand View Research, Inc.✅

▪️India Server Market was valued at USD 1602.97 million in 2022 and is expected to register a CAGR of 7.19% during the forecast period, owing to a rapidly increasing investment in Data Centre due to increased usage of cloud services in the country.✅

▪️Cloud System Management Market Size was valued at USD 2.1 billion in 2022. The Cloud System Management market industry is projected to grow from USD 2.34 Billion in 2023 to USD 5.59 billion by 2032, exhibiting a compound annual growth rate CAGR of 11.50% during the fore2023 - 2032).✅

▪️In order to stop the spread of COVID-19, India went into lockdown. This led to the country's remote working policy, which has been substantially backed by cloud computing solutions and enables employees to do jobs effectively from any place. On the cloud, such as businesses and governments can effectively handle a lot of data.🚀

▪️With more than 1 billion mobile devices and 45 million internet users, India's data center growth is outpacing that of the rest of the world.🔥

📌STRENGTH:
➢Partnerships and Alliances.✅

➢Experienced Promoter and management team with strong industry expertise and successful track record (promoter experience of over 20 years🔥).

➢Long term relationship with clients and repeat & diversified business.(Marque Clients✅)

➢Versatile, Technically Sound and young operation Team, which understands creativity at its excellence.

➢Well versed and equipped with advance technology.🔥

➢Track record of growth and profitability.

📌FUTURE PLAN:

▪️Provide tailor-based services as customer desires.

▪️Technological enhancements.✅

▪️Continued focus on post sales services.

▪️Focus on increasing revenues by leveraging core competencies and grow their business.

▪️Continue to enhance their core strengths by attracting, retaining and training qualified personnel.

📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing. Although the write up accurately reflects the personal view of the author, there may be manual/human errors in the writeup. Please stop investing blindly. 🙏🙏
106.5. jeetchaub |   Link |  Bookmark |February 29, 2024 11:35:26 AM
Dear,
Can you give me advise please I bought at 290 rs. Now I am in. Loss around rs. 68 k.
Please give me advise what can I do from here.
106.6. Simply Vicky |   Link |  Bookmark |March 1, 2024 5:51:37 AM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
@SJogi Its a good analysis. But it is not compelling anyone to buy at cmp 245 paying hefty premium over ipo price(200%)..it will be better for investor at this counter to enter below atleast 200 or 150...RR will be favoured to those who mind it...otherwise people will burn their fingers as they did in maxposure & new swan multitech...however both were good companies...but fomo factor enticed innocent retail investors to trap in these counters with unreasonable prices...people made huge losses....plz note that its SME not a normal main board scrip.
Decision is yours...money is yours....play safe be happy!!!
105. jeetchaub |   Link |  Bookmark |February 27, 2024 9:42:31 AM
Hi friends,which levels from it will be reversed.
104. SJogi |   Link |  Bookmark |February 26, 2024 7:15:34 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
whenever volume is good and lc vol starts gettnig weak. That means big people are buying , as retailers are scared to buy at lc.
104.1. SJogi |   Link |  Bookmark |February 26, 2024 10:08:43 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Answer to @NealCaffery 's question.
103. SJogi |   Link |  Bookmark |February 26, 2024 11:43:05 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
📌Esconet has strategic collaboration with Nvidia ✅ which resulted in growth of Artificial Intelligence (AI) and Machine Learning (ML) domain, enhancing its servers and workstations.💫
➡️Introduced HexaData SUPERCOMPUTER😮🔥

📍Listed peers P/E:-
➢E2E Network: 73
➢Netweb Techno: 166😮
➢Esconet PE: 52 ✅

📌Esconet Technologies Limited Recognized on Forbes India’s List of Top 200 Organizations with Global Potential(2023)✅🔥.

➡️📍Clients:-
➢Ministry of Defence🔥
➢National Informatics Centre-MeitY✅
➢National Informatics Centre Services Inc. – MeitY✅
➢IIT🔥
➢Indraprastha Institute of Technology Limited
➢Bharat Electronics Limited💫
➢ONGC✅
➢Engineers India Limited
➢Hindustan National Glass & Industries Limited etc🔥🚀

✔️will post detailed analysis soon.

📍It is on LC today, not buying today!
i may add tomorrow at Lc if it is abt to break.🙏

📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing. Although the write up accurately reflects the personal view of the author, there may be manual/human errors in the writeup. Please stop investing blindly

103.1. NealCaffery |   Link |  Bookmark |February 26, 2024 5:34:58 PM
Thanks for your analysis @SJogi . Just one basic question - How to know when it is about to break and is a good time to Buy/Add?
102. LV |   Link |  Bookmark |February 26, 2024 12:27:50 PM
@lokes Hi, your review on buying Esconet technologies at today's price for long term.
101. Vikajay |   Link |  Bookmark |February 26, 2024 9:21:43 AM
People know that they wouldn't be able to sell but are placing order any how.
100. Serious long term investor |   Link |  Bookmark |February 25, 2024 8:49:08 PM
Did not have time to do an in-depth analysis of the company. Did see some recent videos of promoters. Interesting company:

"we don't want to grow too fast.....but year on year, we want to grow by 50% ....it is achievable.....
(at 9:55 minutes of the 12:43 minutes video)
Sunil Agarwal - Director during interview at Convergence 2024

"Hope IPO is successful and we get the required working capital....once we are able to utilize that raised capital, growth will be enormous....for next 2-3 years......we should be able to grow the numbers exponentially.....
(at 16:42 minutes of 25:23 minutes video)
Santosh Kumar - Chairman - Face to Face
99. jeetchaub |   Link |  Bookmark |February 24, 2024 11:16:48 AM
I have bought I lot yesterday at@ 290 rs. How many lower circuit from here . Please give me advise experts what can I do from here
99.1. Vikajay |   Link |  Bookmark |February 24, 2024 7:00:08 PM
Bhai, yeh to 150 jayega. Kal bech dena. Maxosure dekh lo. Kuch log tayyar hai lene ke liye. Phir mauka mile na mile.
Hum bhi le sakte hain 2-3 circuit ke baad. 150 tak bardasht ki taakat hai. 150 par 2-4 aur le lenge.
98. SJogi |   Link |  Bookmark |February 23, 2024 10:14:51 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
📌Bought 1 lot of #Esconet technologies at LC today!

▪️IT provides high-end Supercomputing solutions, and data center facilities that include storage servers, network security, virtualization, and data protection.

📍Clients:-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. 🔥🔥

📌Disclosure:- Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing.
98.2. SJogi |   Link |  Bookmark |February 23, 2024 5:32:14 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Bought #esconet today at LC, should reverse on monday or tuesday. It has partnership with NVIDIA😮🔥!

➡️Serves to MINISTRY of DEFENCE ✅and many more...

Have a look at their website🔥🔥

📍Will post detailed analysis soon.

📌Disclosure:- Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing.
98.3. SJogi |   Link |  Bookmark |February 25, 2024 9:50:23 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Not a buy/sell recommendation 🙏🙏
Pls do thorough research before buying any stock✅
97. RAVI KANT CA |   Link |  Bookmark |February 23, 2024 1:08:52 PM
Mr M Gupta

You were perfect this time.

Please keep providing your SME IPO prefrences and ratings. as per your advise, i sold on listing preopen itself. Made Good profit. Now Lower cercuit. I am saved.

Thank You dil se.
97.3. M Gupta |   Link |  Bookmark |February 23, 2024 3:24:14 PM
IPO Guru IPO Guru (1100+ Posts, 3300+ Likes)
@KGSKIPO 
If you want to sell in preopen to have to punch your trade before 9:45 or some times 9.44 am.

To be on safer side punch the trade before 9:42.

If you want to sell at whatever is the pre open price , then feed the lowest possible selling rate. But I advise you to put the sell rate suitable to you. E.g. I wanted to sell if the sahees lists @ 185 or above, not less than that, then i should feed 184.95 as my selling quote in pre open.

If equilibrium price is 185 or above my shares will get sold @ equilibrium price. Here in this case i had feeded @ 184.95, and equilibrium price being higher than that, so my shares got sold for 290.
97.4. KGSKIPO |   Link |  Bookmark |February 23, 2024 5:12:32 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@M Gupta Thanks.
96. Seth. |   Link |  Bookmark |February 23, 2024 10:15:43 AM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
What a overpriced listing!
Almost 3.5 x of issue price and 50% alloted people still didn't sold in greed of more money.
And people are still buying at 4-5 lakh per lot!
Only euphoria and fomo is playing now , it's above 100 PE now.
96.2. Seth. |   Link |  Bookmark |February 23, 2024 11:39:51 AM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
@Simply Vicky Exactly.
96.3. Simply Vicky |   Link |  Bookmark |February 23, 2024 3:23:02 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
This stock reminds me of MAXPOSURE listing...many people burnt their fingers there...now i do not see those ipo listings》3.5 times of ipo price...people must realise near term risk...that's the way to escape losses.
Money saved money earned. Decision is yours!
95. G profit |   Link |  Bookmark |February 23, 2024 9:31:36 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
Today five sme listings
Esconet and Thaai expected for blockbuster listing
Atmastco, Interiors, and Kalaharinandan - Mediocre listing
Expected
94. IPO jarur lagega |   Link |  Bookmark |February 23, 2024 10:35:01 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Itna paisa hai kya desh ki janta ke pass... All 5 IPOs bumper listings and still buying 😵‍💫😯
93. SJogi |   Link |  Bookmark |February 23, 2024 10:04:15 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
bought 1 lot esconet
92. Manan Surana |   Link |  Bookmark |February 23, 2024 9:33:50 AM
IPO Mentor IPO Mentor (900 Posts, 200+ Likes)
opening 200 plus
91. Dhiraj Ramchandani |   Link |  Bookmark |February 23, 2024 9:32:49 AM
IPO Guru IPO Guru (1300 Posts, 700+ Likes)
Pre-Open price at 310, bumper listing on its way
90. ARJUN'S EYE |   Link |  Bookmark |February 23, 2024 9:13:13 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Esconet Technologies Ltd NSE SME IPO.
NSE Code:-22767                  
Symbol:-ESCONET
Group:-ST
ISIN:-INE0RQZ01017      
Issue Price:-84/-
Market Lot:-1600 Shares
Face Value:-10/-
Listing At:-NSE SME