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Esconet Technologies IPO GMP, IPO Price Band, IPO Lot Size
Esconet Technologies IPO is opening for subscription on February 16, 2024, and closing on February 20, 2024. This NSE SME IPO aims to raise ₹28.22 crores, with a 100% Fresh Issue of 3,360,000 equity shares, each with a face value of ₹10. The price band for the Esconet Technologies IPO is fixed at ₹80 – ₹84 Per Share, with a market lot of 1600 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Esconet Technologies IPO Allotment will done on February 21, 2024, and Esconet Technologies IPO listing date is February 23, 2024.
Esconet Technologies Company Profile
Established in 2012, Esconet Technologies specializes in providing a wide array of IT solutions, including high-end supercomputing solutions, data center facilities, storage servers, network security, virtualization, and data protection. Its clientele ranges from SMEs to large enterprises and public sector clients. Additionally, through its subsidiary ZeaCloud Services, Esconet extends its offerings into the cloud services domain, ensuring clients have access to cutting-edge technology and seamless IT infrastructure.
To further expand its services, Esconet established ZeaCloud Services Private Limited in 2022 and later acquired it as a wholly-owned subsidiary through a share swap in 2023. ZeaCloud Services specializes in providing cloud-based services under the brand name Available. These services include Disaster Recovery Services, Managed Cloud Services, Private Cloud, and DaaS Services.
This company additionally offers a robust server suite designed to meet organisations’ diverse and evolving needs. Their solutions include state-of-the-art hardware configurations, seamless networking, and secure storage options that provide a reliable foundation for businesses. Additionally, Esconet integrates machine learning and artificial intelligence tools into its portfolio to keep up with the data-driven era.
Its wide range of system integration services encompasses complete IT solutions including hardware, network, and software implementations. They also provide customized services tailored to customers’ operational needs and objectives.
Esconet Technologies IPO Objectives
The funds raised through the IPO will be utilized for:
- Meeting the working capital requirements of the company
- Investment in its wholly owned subsidiary, Zeacloud Services Private Limited, to fund capital expenditure expenses
- General corporate expenses
Esconet Technologies IPO Key Details
- Esconet Technologies IPO Open Date: February 16, 2024
- Esconet Technologies IPO Close Date: February 20, 2024
- Esconet Technologies IPO Size: Approximately ₹28.22 crores, 3,360,000 Equity Shares
- Face Value: ₹10 Per Equity Share
- Esconet Technologies IPO Price Band: ₹80 – ₹84 Per Equity Share
- Esconet Technologies IPO Listing on: NSE SME IPO
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Esconet Technologies IPO Timeline
- Esconet Technologies IPO Open Date: February 16, 2024
- Esconet Technologies IPO Close Date: February 20, 2024
- Basis of Allotment: February 21, 2024
- Refunds: February 22, 2024
- Credit to Demat Account: February 22, 2024
- Esconet Technologies IPO Listing Date: February 23, 2024
How to Apply for Esconet Technologies IPO
Investors can apply for the Esconet Technologies IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Esconet Technologies Financial Performance (in Crores)
- Year 2021: Revenue ₹44.20, Expense ₹45.25, PAT ₹1.00
- Year 2022: Revenue ₹68.59, Expense ₹67.99, PAT ₹0.72
- Year 2023: Revenue ₹94.98, Expense ₹90.52, PAT ₹3.04
- Sep 2023: Revenue ₹71.33, Expense ₹67.23, PAT ₹3.04
Esconet Technologies Valuation FY2024
- Earning Per Share (EPS): ₹39.63 per Equity Share
- Price/Earning P/E Ratio: Not provided
- Return on Net Worth (RoNW): 54.83%
- Net Asset Value (NAV): ₹23.22 per Equity Share
Esconet Technologies Peer Group
- E2E Networks Limited
- Netweb Technologies India Limited
Esconet Technologies Company Promoters
- Mr. Santosh Kumar Agrawal
- Mr. Sunil Kumar Agrawal
Esconet Technologies IPO Registrar
Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: ipo@skylinerta.com
Esconet Technologies IPO Allotment Status Check
- Check the Esconet Technologies IPO allotment status on the Skyline Financial Services website.
Esconet Technologies IPO Allotment Link
- Check the Esconet Technologies IPO allotment on the ipogmp.org website.
Esconet Technologies IPO Lead Managers (Merchant Bankers)
- Corporate Capital Ventures Pvt Ltd
Esconet Technologies Company Address
D-147 Okhla Industrial Area Phase 1,
South Delhi ,Delhi-110 020
India
Website: https://www.esc.co.in/
Phone: +91 9311881642
Email: cs@esc.co.in
Esconet Technologies IPO FAQs
What is Esconet Technologies IPO?
Esconet Technologies IPO is an NSE SME IPO. They are going to raise ₹28.22 crores via IPO. The issue is priced at ₹80 – ₹84 Per equity share. The IPO is to be listed on NSE.
When will the Esconet Technologies IPO open?
The IPO is to open on February 16, 2024, for NII, and Retail Investors.
What is Esconet Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Esconet Technologies IPO?
You can apply for Shelter Finance 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 Esconet Technologies IPO through Zerodha?
For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.
How to Apply the Esconet Technologies IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Esconet Technologies IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the 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 Motilal Oswal.
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 Per equity share.
What is Esconet Technologies IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 Shares with ₹134,400.
What is Esconet Technologies IPO Allotment Date?
Esconet Technologies IPO allotment date is February 21, 2024.
What is Esconet Technologies IPO Listing Date?
Esconet Technologies IPO listing date is February 23, 2024. The IPO to list on NSE SME IPO.
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