Esconet Technologies Limited IPO (Esconet Technologies IPO)

Esconet Technologies Limited IPO
Upcoming Esconet Technologies IPO | New Esconet Technologies IPO

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

Esconet Technologies IPO – Details

IPO Opening Date16 February 2024
IPO Closing Date20 February 2024
Issue TypeBook Built Issue IPO
Issue Size33,60,000 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterSkyline Financial Services Private Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Esconet Technologies IPO – Date Schedule

IPO Open Date16 February 2024
IPO Close Date20 February 2024
Basis of Allotment21 February 2024
Initiation of Refund22 February 2024
Credit of Shares to Demat Account22 February 2024
IPO Listing Date23 February 2024
Cut-off time for UPI mandate confirmation5 PM on Feb 20, 2024

Esconet Technologies IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11600₹1,34,400
Retail (Maximum)11600₹1,34,400
HNI (Minimum)23200₹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.
Esconet Technologies IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202396.9092.253.0411.03
30 September 202371.4667.353.0510.08
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)39.634.94
P/E (x)24.8716.99

Esconet Technologies IPO Promoter Holding

Pre Issue Share Holding89.18%
Post Issue Share Holding64.94%

Esconet Technologies IPO Prospectus

Company Contact Information

Esconet Technologies Limited

Okhla Industrial Area Phase 1,
South Delhi, New Delhi – 110020

Phone: +91 9311881642

Esconet Technologies IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Esconet Technologies IPO Lead Manager(s)

1. Corporate Capitalventures Pvt Ltd

Esconet Technologies IPO FAQs

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.
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