Business description – E2E Networks is in the business of providing cloud infrastructure in India. The company launched its contract-less computing in India in 2009 and followed this up by launching hourly billed pure SSD (Solid-State-Drive) public cloud and private cloud. Its Cloud Infrastructure has been used by many companies across industries like E-Commerce, Digital Classified, BFSI and whole host of new-age digital businesses. The company claims that its CloudOps platform uses a unique blend of automation delivered via technology combined with human intelligence, to reduce the workload of clients’ in-house DevOps team by freeing them from the worry of managing basic issues related to normal course of business. The Information Security Management system of the company and the Data Center for providing of cloud computing services, Management of information security for managed cloud and infrastructure services, Infrastructure-as-A-Service, Disaster Recovery & Availability Services, Managed storage and Data vaulting services and application hosting services delivered through private, public and hybrid cloud delivery model is ISO/IEC 27001:2013 certified. The company provides its services under the brand name of “E2E”. The company provides its services through Third Party Data Centers situated at Noida, Mumbai and Vellore.
Promoters of E2E Networks – Tarun Dua, Srishti Baweja
| E2E Networks IPO details | |
| Subscription Dates | 3 – 7 May 2018 |
| IPO Price band | INR57 per share |
| Fresh issue | 2,750,000 shares (INR15.67 crore) |
| Offer for sale | 1,108,000 shares (INR6.32 crore) |
| Total IPO size | 3,858,000 shares (INR21.99 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital requirements – INR10.86 crore
- General Corporate Expenses – INR3.62 crore
| E2E Networks’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 3.01 | 5.19 | 9.93 | 21.47 | 29.53 | 27.21 |
| Total expenses | 2.63 | 4.79 | 8.66 | 18.15 | 23.22 | 20.04 |
| Profit after tax | 0.26 | 0.28 | 0.84 | 2.22 | 4.21 | 5.26 |
E2E Networks’ Contact Details
E2E Networks Limited
282, Sector-19
Faridabad
Haryana- 121002
Phone: +91 011 3001 8095
Email: [email protected]
Website: www.e2enetworks.com
E2E Networks IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.38 |
| Day 2 | 1.17 |
| Day 3 | 70.11 |
E2E Networks Valuation (Latest FY)
Earnings Per Share (EPS): INR3.67
Price/Earnings (P/E) ratio: 15.53
Return on Net Worth (RONW): 38.42%
Net Asset Value (NAV): INR9.63 per share
Registrar of E2E Networks IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
E2E Networks IPO Allotment Status
E2E Networks IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of E2E Networks
IPO Opening Date: 3 May 2018
IPO Closing Date: 7 May 2018
Listing Date: 15 May 2018
Listing Price on NSE SME: INR85 per share (up 49.12% from IPO price)
Closing Price on NSE SME: INR89 per share (up 56.14% from IPO price)
