Esconet Technologies Limited IPO Date-Price and GMP Details: Esconet Technologies IPO is a book-built issue of Rs 28.22 crores. The issue is entirely a fresh issue of 33.6 lakh shares.
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Esconet Technologies Limited IPO Date-Price and GMP Details:
Esconet Technologies IPO opens for subscription on February 16, 2024, and closes on February 20, 2024. The allotment for the Esconet Technologies IPO is expected to be finalized on Wednesday, February 21, 2024. Esconet Technologies IPO will list on NSE SME with tentative listing date fixed as Friday, February 23, 2024.
Esconet Technologies IPO price band is set at ₹80 to ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800.
Esconet Technologies Limited IPO Date-Price and GMP Details:Corporate Capital ventures Pvt Ltd is the book running lead manager of the Esconet Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Esconet Technologies IPO is Ss Corporate Securities.
Esconet Technologies Limited IPO Details:
| IPO Date | February 16, 2024 to February 20, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹84 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,360,000 shares (aggregating up to ₹28.22 Cr) |
| Fresh Issue | 3,360,000 shares (aggregating up to ₹28.22 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,000,000 |
| Share holding post issue | 12,360,000 |
| Market Maker portion | 176,000 shares |
Esconet Technologies Limited IPO Timeline:
Esconet Technologies IPO opens on February 16, 2024, and closes on February 20, 2024.
| IPO Open Date | Friday, February 16, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Esconet Technologies Limited IPO Lot Size:
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |
Esconet Technologies Limited IPO Anchor Investors Details:
Esconet Technologies IPO raises Rs 8.01 crore from anchor investors. Esconet Technologies IPO Anchor bid date is February 15, 2024. Esconet Technologies IPO Anchor Investors list & Esconet Technologies Limited IPO Date-Price and GMP Details
| Bid Date | February 15, 2024 |
| Shares Offered | 953,600 |
| Anchor Portion Size (In Cr.) | 8.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 22, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 21, 2024 |
Esconet Technologies Limited IPO Timeline (Tentative Schedule):
Esconet Technologies IPO opens on February 16, 2024, and closes on February 20, 2024.
| IPO Open Date | Friday, February 16, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Esconet Technologies Limited IPO Lot Size:
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |
Esconet Technologies Limited IPO Promoter Holding:
Mr. Santosh Kumar Agrawal and Mr. Sunil Kumar Agrawal are the promoters of the company.
| Share Holding Pre Issue | 89.18% |
| Share Holding Post Issue | 64.94% |
About Esconet Technologies Limited:
Founded in 2012, 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 Limited Financial Information (Restated Consolidated):
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 4,260.46 | 2,798.37 |
| Revenue | 7,146.71 | 9,690.84 |
| Profit After Tax | 305.47 | 304.00 |
| Net Worth | 902.97 | 554.47 |
| Reserves and Surplus | 825.19 | 477.48 |
| Total Borrowing | 1,008.95 | 1,103.89 |
| Amount in ₹ Lakhs | ||
Key Performance Indicator of Esconet Technologies Limited IPO:
The market capitalization of Esconet Technologies IPO is Rs 103.82 Cr.
| KPI | Values |
|---|---|
| ROE | 75.54% |
| ROCE | 59.11% |
| Debt/Equity | 1.99 |
| RoNW | 54.83% |
| P/BV | 1.16 |
FAQs for Esconet Technologies IPO:
What is Esconet Technologies IPO?
Esconet Technologies IPO is a SME IPO of 3,360,000 equity shares of the face value of ₹10 aggregating up to ₹28.22 Crores. The issue is priced at ₹80 to ₹84 per share. The minimum order quantity is 1600 Shares.
The IPO opens on February 16, 2024, and closes on February 20, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
When Esconet Technologies IPO will open?
The Esconet Technologies IPO opens on February 16, 2024 and closes on February 20, 2024.
What is Esconet Technologies IPO GMP Today?
The Esconet Technologies IPO GMP aka Grey Market Premium is ₹35.
What is the lot size of Esconet Technologies IPO?
Esconet Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹134,400.
How to apply for Esconet Technologies IPO?
You can apply in Esconet Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Angel One, Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Esconet Technologies IPO allotment?
The finalization of Basis of Allotment for Esconet Technologies IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024. Check the Esconet Technologies IPO allotment status.
When is Esconet Technologies IPO listing date?
The Esconet Technologies IPO listing date is not yet announced. The tentative date of Esconet Technologies IPO listing is Friday, February 23, 2024.
Esconet Technologies IPO Expected Returns?
The Esconet Technologies expected return is 42%.
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Esconet Technologies Limited IPO Date-Price and GMP Details-2024 #Esconet Technologies Limited IPO Date-Price and GMP Details-2024
Esconet Technologies Limited IPO Date-Price and GMP Details-2024 Esconet Technologies Limited IPO Date-Price and GMP Details-2024
Esconet Technologies Limited IPO Date-Price and GMP Details-2024 #Esconet Technologies Limited IPO Date-Price and GMP Details-2024
