Esconet Technologies IPO Date, Review, Price, Allotment Details

Esconet Technologies IPO Details: Esconet Technologies IPO date is fixed, The IPO will open on February 16 and will close on February 20. Esconet Technologies is a NSE SME IPO to raise ₹28.22 crores via IPO. The Esconet Technologies IPO price band is fixed at ₹80 to ₹84 with a market lot of 1600 shares.

Esconet Technologies IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹134,400
Retail Maximum11600₹134,400
S-HNI Minimum23200₹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
YearRevenueExpensePAT
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/

Esconet Technologies IPO FAQs


What is Esconet Technologies IPO?

Esconet Technologies IPO is an NSE SME IPO. They are going to raise ₹28.22 Crores via IPO. The issue is priced at ₹80 to ₹84 per equity share. The IPO is to be listed on NSE.

When Esconet Technologies IPO will open?

The IPO is to open on February 16, 2024 for QIB, NII, and Retail Investors.

What is Esconet Technologies IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Esconet Technologies IPO?

You can apply Esconet Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Esconet Technologies IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Esconet Technologies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Esconet Technologies IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Esconet Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Esconet Technologies IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Esconet Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Esconet Technologies IPO Size?

Esconet Technologies IPO size is ₹28.22 crores.

What is Esconet Technologies IPO Price Band?

Esconet Technologies IPO Price Band is ₹80 to ₹84 per equity share.

What is Esconet Technologies IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹134,400.

What is Esconet Technologies IPO Allotment Date?

Esconet Technologies IPO allotment date is February 21, 2024.

What is Esconet Technologies IPO Listing Date?

Esconet Technologies IPO listing date is February 23, 2024. The IPO to list on NSE SME.

Note: The Esconet Technologies IPO details are announced officially. The IPO grey market premium (Esconet Technologies IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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