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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.
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 Size | 3,360,000 shares (aggregating up to ₹28.22 Cr) |
Fresh Issue | 3,360,000 shares (aggregating up to ₹28.22 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 9,000,000 |
Share holding post issue | 12,360,000 |
Market Maker portion | 176,000 shares Ss Corporate Securities |
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 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 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 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 |
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 |
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% |
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.
Period Ended | 30 Sep 2023 | 31 Mar 2023 |
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 and Surplus | 825.19 | 477.48 |
Total Borrowing | 1,008.95 | 1,103.89 |
Amount in ₹ Lakhs |
The market capitalization of Esconet Technologies IPO is Rs 103.82 Cr.
KPI | Values |
---|---|
ROE | 75.54% |
ROCE | 59.11% |
Debt/Equity | 1.99 |
RoNW | 54.83% |
P/BV | 1.16 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 39.63 | 4.94 |
P/E (x) | 24.87 | 16.99 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
[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...
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)
Category | Subscription (times) |
---|---|
QIB | 156.02 |
NII | 868.05 |
Retail | 553.02 |
Total | 507.24 |
Total Application : 385,452 (553.02 times)
Listing Date | February 23, 2024 |
BSE Script Code | |
NSE Symbol | ESCONET |
ISIN | INE0RQZ01017 |
Final Issue Price | ₹84 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹84.00 |
₹290.00 |
₹275.50 |
₹294.95 |
₹275.50 |
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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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
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.
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