Esconet Technologies Private Limited, founded in 2012, is engaged in the business of meeting a wide range of IT requirements such as high-end supercomputing solutions, data center facilities, encompassing storage servers, network security, virtualization, and data protection. Their comprehensive solutions cater to the needs of SMEs, large enterprises, and public sector clients. Furthermore, Esconet extends its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring that its clients have access to cutting-edge technology and a seamless IT infrastructure experience.
Esconet provides a robust suite server solution meticulously crafted to cater to the diverse and evolving needs of enterprises. These solutions encompass cutting-edge hardware configurations, seamless networking, and secure storage options, providing a reliable foundation for businesses to build upon. In stride with the data-driven era, Esconet goes beyond conventional server services and integrates systematic machine learning tools and artificial intelligence into its portfolio.
Esconet provides a wide range of System Integration services that involve total IT solutions including hardware, network, and software implementations. Considering customers’ requirements Esconet also provides tailor-based services that shall be aligned with the operational requirements and objectives of their respective clients.
Objects of the Issue:
- 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 IPO Review
- May Apply
Esconet Technologies IPO Date & Price Band Details
IPO Open: | February 16, 2024 |
IPO Close: | February 20, 2024 |
IPO Size: | Approx ₹28.22 Crores, 3,360,000 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹80 to ₹84 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 35% of the net offer |
QIB Quota: | 50% of the net offer |
NII Quota: | 15% of the net offer |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Esconet Technologies IPO Market Lot
The Esconet Technologies IPO minimum market lot is 1600 shares with a ₹134,400 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1600 | ₹134,400 |
Retail Maximum | 1 | 1600 | ₹134,400 |
S-HNI Minimum | 2 | 3200 | ₹268,800 |
Esconet Technologies IPO Dates
The Esconet Technologies IPO date is February 16 and the IPO close date is February 20. The IPO allotment date is February 21 and the IPO might list on February 23.
IPO Open Date: | February 16, 2024 |
IPO Close Date: | February 20, 2024 |
Basis of Allotment: | February 21, 2024 |
Refunds: | February 22, 2024 |
Credit to Demat Account: | February 22, 2024 |
IPO Listing Date: | February 23, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Esconet Technologies IPO Form
How to apply Esconet Technologies IPO? You can apply Esconet Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Esconet Technologies IPO in the Invest section. The other option you can apply Esconet Technologies IPO via IPO forms download via the NSE website. Check out the Esconet Technologies forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Esconet Technologies Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹44.20 | ₹45.25 | ₹1.00 |
2022 | ₹68.59 | ₹67.99 | ₹0.72 |
2023 | ₹94.98 | ₹90.52 | ₹3.04 |
Sep 2023 | ₹71.33 | ₹67.23 | ₹3.04 |
Esconet Technologies IPO Valuation – FY2023
Check Esconet Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹39.63 per Equity Share |
Price/Earning P/E Ratio: | [.] |
Return on Net Worth (RoNW): | 54.83% |
Net Asset Value (NAV): | ₹23.22 per Equity Share |
Peer Group
- E2E Networks Limited
- Netweb Technologies India Limited
Company Promoters
- Mr. Santosh Kumar Agrawal
- Mr. Sunil Kumar Agrawal
Esconet Technologies IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
Esconet Technologies IPO Allotment Status
Check Esconet Technologies IPO allotment status on Skyline Financial website URL. Click Here
Esconet Technologies IPO Lead Managers aka Merchant Bankers
- Corporate Capital Ventures Pvt Ltd
Company Address
Esconet Technologies Limited
D-147,
Okhla Industrial Area Phase 1,
South Delhi, New Delhi – 110020
Phone: +91 9311881642
Email: [email protected]
Website: https://www.esc.co.in/
One Response
Can I apply for this IPO tomorrow? Is it worthwhile to apply for Esconet Technologies.