February 16, 2024 - February 20, 2024

Esconet Technologies IPO Subscription Details

Esconet Technologies IPO Subscription Status Live

Esconet Technologies IPO subscribed 507.24 times. The public issue subscribed 553.02 times in the retail category, 156.02 times in QIB, and 868.05 times in the NII category by February 20, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	156.02	636,800	9,93,50,400	834.54
Non-Institutional Buyers*	868.05	478,400	41,52,75,200	3,488.31
Retail Investors	553.02	1,115,200	61,67,23,200	5,180.47
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	507.24	2,230,400	1,13,13,48,800	9,503.33

Total Application : 385,452 (553.02 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 176,000 equity shares not included.

Esconet Technologies IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 February 16, 2024	1.26	5.52	16.06	9.57
Day 2 February 19, 2024	1.33	75.08	135.13	84.05
Day 3 February 20, 2024	156.02	868.05	553.02	507.24

Esconet Technologies IPO Shares Offered

Esconet Technologies IPO is a public issue of 3,360,000 equity shares. The issue offers 1,115,200 shares to retail investors, 636,800 shares to qualified institutional buyers, and 478,400 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	953,600	8.01	28.38%
Market Maker	176,000	1.48	5.24%
QIB	636,800	5.35	18.95%
NII*	478,400	4.02	14.24%
Retail	1,115,200	9.37	33.19%
Total	3,360,000	28.22	100%

Esconet Technologies IPO Anchor Investor Allocation

A total of 953,600 shares at a price of Rs 84 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Persistent Growth Fund- Varsu India Growth Story Scheme 1	358,400	84	37.58	30,105,600
2	India Max Investment Fund Limited	238,400	84	25	20,025,600
3	Craft Emerging Market Fund - Citadel Capital Fund	236,800	84	24.83	19,891,200
4	Astrone capital VCC - Arven	120,000	84	12.58	10,080,000
		953,600		100	80,102,400

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Esconet Technologies IPO Subscription FAQs

The Esconet Technologies IPO is subscribed 507.24 by February 20, 2024.