Esconet Technologies IPO GMP, Review, Price, Allotment

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Esconet Technologies IPO GMP

Esconet Technologies IPO description – Founded in 2012, Esconet Technologies is involved in meeting a broad spectrum of IT requirements, including high-end supercomputing solutions, and data center facilities comprising storage servers, network security, virtualization, and data protection. Esconet also offers cloud services through its wholly-owned subsidiary, ZeaCloud Services.

Throughout this journey, Esconet has not only gained experience but also built a clientele base of private and public sector organizations listed below:

  • 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
  • Hindustan National Glass & Industries Limited & many more

Recognizing the demand in the Indian market, Esconet introduced its brand, HexaData, specializing in high-end servers, workstations, and storage systems. Additionally, Esconet’s strategic collaboration with NVIDIA has contributed to its growth in the Artificial Intelligence (AI) and Machine Learning (ML) domain, enhancing its servers and workstations.

Esconet Technologies

Promoters of Esconet Technologies – Mr. Santosh Kumar Agrawal, and Mr. Sunil Kumar Agrawal


Esconet Technologies IPO Details

Esconet Technologies IPO Dates16 – 20 February 2024
Esconet Technologies Issue PriceINR 80 – 84 per share
Fresh issue3,360,000 shares (INR 26.88 – 28.22 crore)
Offer For SaleNIL
Total IPO size3,360,000 shares (INR 26.88 – 28.22 crore)
Minimum bid (lot size)1,600 shares (INR 134,400)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Esconet Technologies Financial Performance

 FY 2023H1 FY 2024
Revenue96.5971.42
Expenses92.2667.36
Net income3.183.05
Figures in INR Crores unless specified otherwise

Esconet Technologies Offer News


Esconet Technologies Valuations & Margins

FY 2021FY 2022FY 2023
EPS(13.10)9.4339.63
PE ratio2.02 – 2.12
RONW (%)(56.42)28.8954.83
NAV72.2932.6523.22
ROCE (%)(8.33)20.7659.11
EBITDA (%)0.262.956.73
Debt/Equity 3.563.091.99
*Compiled by IPO Central from Prospectus

Esconet Technologies IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
22 February 202490100,000
21 February 20248590,000
20 February 20248590,000
19 February 20249093,000
17 February 20245062,500
16 February 20244550,000
15 February 20242833,000
14 February 20242528,000
13 February 20242530,000

Esconet Technologies IPO Subscription – Live Updates

CategoryQIBNIIReatilRetail
Shares Offered636,800478,4001,115,2002,230,400
20 Feb 2024156.02868.42553.02507.32
19 Feb 20241.3374.64130.7381.75
16 Feb 20241.265.4015.399.21

The market maker reservation portion of 1,76,000 shares is not included in the above calculations.


Esconet Technologies IPO Allotment Status

Esconet Technologies IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.


Esconet Technologies IPO Dates & Listing Performance

IPO Opening Date16 February 2024
IPO Closing Date20 February 2024
Finalization of Basis of Allotment21 February 2024
Initiation of refunds22 February 2024
Transfer of shares to demat accounts22 February 2024
IPO Listing Date23 February 2024
Opening Price on NSE SMEINR 290 per share (up 245.24%)
Closing Price on NSE SMEComing soon

Esconet Technologies Offer Lead Manager

CORPORATE CAPITAL VENTURES PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 41824066
Email[email protected]
Website: www.ccvindia.com


Esconet Technologies Offer Registrar

SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: [email protected]
Website: www.skylinerta.com


Esconet Technologies Contact Details

ESCONET TECHNOLOGIES LIMITED
D-147 Okhla Industrial Area Phase 1,
South Delhi, New Delhi – 110020
Phone: +91 9311881642
E-mail: [email protected]
Website: www.esc.co.in


IPO FAQs

What is the Esconet Technologies offer size?

Esconet Technologies’ offer size is INR 26.88 – 28.22 crores.

What is the Esconet Technologies offer price band?

Esconet Technologies’ public offer price is INR 80 – 84 per share.

What is the lot size of the Esconet Technologies IPO?

Esconet Technologies offer lot size is 1,600 shares.

What is Esconet Technologies IPO GMP today?

Esconet Technologies IPO GMP today is INR 90 per share.

What is the Esconet Technologies kostak rate today?

Esconet Technologies kostak rate today is NA per application.

What is Esconet Technologies Subject to the Sauda rate today?

Esconet Technologies is Subject to the Sauda rate today is INR 100,000 per application.

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