Esconet Technologies Limited provides high-end supercomputing solutions, and data center facilities that include storage servers, network security, virtualization, and data protection.
The company offers Servers and Graphics Workstations, Comprehensive Data Storage Solutions, Virtualization Software, Backup and Disaster Recovery Solutions, Data Centre and Access Networks, Advanced Software Defined Networks, Network Security Tools, Email Communication Systems, Databases with High Availability, and Log Management and Analytics Software.
The company also provides service and after-sales services which include IT Hardware Installation & Configuration, Deployment and Seamless Integration of Diverse IT Infrastructure Software, Infrastructure Management & Monitoring, Expertise in Private Cloud Setup and Management, Annual Maintenance Services, Managed Backup and Disaster Recovery Solutions, Data Migration Services, and Expert Consulting Services.
The company also offers cloud-based services through its subsidiary ZeaCloud Services catering to various business needs, e.g. disaster recovery services, managed cloud services, private cloud, and DaaS services.
Esconet’s clients include 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 and Hindustan National Glass & Industries Limited and many more.
As at November 30, 2023, the company had over 47 employees.
Esconet Technologies IPO – Details
| IPO Opening Date | 16 February 2024 |
| IPO Closing Date | 20 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 33,60,000 Shares Worth ₹28.22 Crore Fresh Issue: 33,60,000 Shares Worth ₹28.22 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 – ₹84 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Esconet Technologies IPO – Date Schedule
| IPO Open Date | 16 February 2024 |
| IPO Close Date | 20 February 2024 |
| Basis of Allotment | 21 February 2024 |
| Initiation of Refund | 22 February 2024 |
| Credit of Shares to Demat Account | 22 February 2024 |
| IPO Listing Date | 23 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 20, 2024 |
Esconet Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,34,400 |
| Retail (Maximum) | 1 | 1600 | ₹1,34,400 |
| HNI (Minimum) | 2 | 3200 | ₹2,68,800 |
Competitive Strengths
- High-end clients.
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Experienced Promoters (experience of over 20 years).
- Long term relationship with clients and repeat & diversified business.
- Versatile, Technically Sound and young operation Team, which understands creativity at its excellence.
- Well versed and equipped with advance technology.
- Track record of growth and profitability.
Company Promoters
- Mr. Santosh Kumar Agrawal
- Mr. Sunil Kumar Agrawal
Object 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, and
- General Corporate Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | 96.90 | 92.25 | 3.04 | 11.03 |
| 30 September 2023 | 71.46 | 67.35 | 3.05 | 10.08 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 75.54% |
| ROCE | 59.11% |
| Debt/Equity | 1.99 |
| RoNW | 54.83% |
| P/BV | 1.16 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 39.63 | 4.94 |
| P/E (x) | 24.87 | 16.99 |
Esconet Technologies IPO Promoter Holding
| Pre Issue Share Holding | 89.18% |
| Post Issue Share Holding | 64.94% |
Esconet Technologies IPO Prospectus
Company Contact Information
| Esconet Technologies Limited D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020 Phone: +91 9311881642 Email: cs@esc.co.in Website: https://www.esc.co.in/ |
Esconet Technologies IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Esconet Technologies IPO Lead Manager(s)
| 1. Corporate Capitalventures Pvt Ltd |
Esconet Technologies IPO FAQs
| What is Esconet Technologies IPO? Esconet Technologies IPO is a SME IPO. The issue is priced at ₹80 – ₹84 per equity share. The IPO is to be listed on NSE SME. |
| When Esconet Technologies IPO will open? The IPO is to open on 16 February 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to 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 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Esconet Technologies IPO through Edelweiss? Log in to Angle One 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 Edelweiss. |
| 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 – ₹84. |
| What is Esconet Technologies IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,34,400 amount while the maximum bid is 1600 shares with ₹1,34,400. |
| What is the Esconet Technologies IPO Allotment Date? Esconet Technologies IPO allotment date is 21 February 2024. |
| What is the Esconet Technologies IPO Listing Date? Esconet Technologies IPO listing date is 23 February 2024. The IPO is to list on NSE SME. |
