Last updated on February 23, 2024
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.
Promoters of Esconet Technologies – Mr. Santosh Kumar Agrawal, and Mr. Sunil Kumar Agrawal
Table of Contents
Esconet Technologies IPO Details
| Esconet Technologies IPO Dates | 16 – 20 February 2024 |
| Esconet Technologies Issue Price | INR 80 – 84 per share |
| Fresh issue | 3,360,000 shares (INR 26.88 – 28.22 crore) |
| Offer For Sale | NIL |
| Total IPO size | 3,360,000 shares (INR 26.88 – 28.22 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 134,400) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Esconet Technologies Financial Performance
| Â | FY 2023 | H1 FY 2024 |
| Revenue | 96.59 | 71.42 |
| Expenses | 92.26 | 67.36 |
| Net income | 3.18 | 3.05 |
Esconet Technologies Offer News
- Esconet Technologies RHP
- Esconet Technologies Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Esconet Technologies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (13.10) | 9.43 | 39.63 |
| PE ratio | – | – | 2.02 – 2.12 |
| RONW (%) | (56.42) | 28.89 | 54.83 |
| NAV | 72.29 | 32.65 | 23.22 |
| ROCE (%) | (8.33) | 20.76 | 59.11 |
| EBITDA (%) | 0.26 | 2.95 | 6.73 |
| Debt/Equity | 3.56 | 3.09 | 1.99 |
Esconet Technologies IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 February 2024 | 90 | – | 100,000 |
| 21 February 2024 | 85 | – | 90,000 |
| 20 February 2024 | 85 | – | 90,000 |
| 19 February 2024 | 90 | – | 93,000 |
| 17 February 2024 | 50 | – | 62,500 |
| 16 February 2024 | 45 | – | 50,000 |
| 15 February 2024 | 28 | – | 33,000 |
| 14 February 2024 | 25 | – | 28,000 |
| 13 February 2024 | 25 | – | 30,000 |
Esconet Technologies IPO Subscription – Live Updates
| Category | QIB | NII | Reatil | Retail |
|---|---|---|---|---|
| Shares Offered | 636,800 | 478,400 | 1,115,200 | 2,230,400 |
| 20 Feb 2024 | 156.02 | 868.42 | 553.02 | 507.32 |
| 19 Feb 2024 | 1.33 | 74.64 | 130.73 | 81.75 |
| 16 Feb 2024 | 1.26 | 5.40 | 15.39 | 9.21 |
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 Date | 16 February 2024 |
| IPO Closing Date | 20 February 2024 |
| Finalization of Basis of Allotment | 21 February 2024 |
| Initiation of refunds | 22 February 2024 |
| Transfer of shares to demat accounts | 22 February 2024 |
| IPO Listing Date | 23 February 2024 |
| Opening Price on NSE SME | INR 290 per share (up 245.24%) |
| Closing Price on NSE SME | Coming soon |
Esconet Technologies Offer Lead Manager
CORPORATE CAPITAL VENTURESÂ PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 41824066
Email:Â [email protected]
Website:Â 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:Â +91- 11-40450193-197
Email:Â [email protected]
Website:Â 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.
