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Esconet Technologies IPO is a book build issue of ₹28.22 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹28.22 crore.
Esconet Technologies IPO bidding started from Feb 16, 2024 and ended on Feb 20, 2024. The allotment for Esconet Technologies IPO was finalized on Feb 21, 2024. The shares got listed on NSE SME on Feb 23, 2024.
Esconet Technologies IPO price band is set at ₹84.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,68,800.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is SS Corporate Securities Ltd..
Refer to Esconet Technologies IPO RHP for detailed Information.
| IPO Date | February 16, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹80 to ₹84 per share |
| Issue Price Final | ₹84 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,60,000 shares (aggregating up to ₹28.22 Cr) |
| Reserved for Market Maker | 1,76,000 shares SS Corporate Securities Ltd. (aggregating up to ₹1.48 Cr) |
| Net Offered to Public | 31,84,000 shares (aggregating up to ₹26.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,23,60,000 shares |
Esconet Technologies IPO offers total 33,60,000 shares. Out of which 15,90,400 (47.33%) allocated to QIB, 6,36,800 (18.95%) allocated to QIB, 4,78,400 (14.24%) allocated to NII, 11,15,200 (33.19%) allocated to RII and 9,53,600 (28.38%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,76,000 (5.24%) |
| QIB Shares Offered | 15,90,400 (47.33%) |
| − Anchor Investor Shares Offered | 9,53,600 (28.38%) |
| − QIB (Ex. Anchor) Shares Offered | 6,36,800 (18.95%) |
| NII (HNI) Shares Offered | 4,78,400 (14.24%) |
| Retail Shares Offered | 11,15,200 (33.19%) |
| Total Shares Offered | 33,60,000 (100.00%) |
Esconet Technologies IPO raises ₹8.01 crore from anchor investors. Esconet Technologies IPO Anchor bid date is February 15, 2024. Esconet Technologies IPO Anchor Investors list
| Bid Date | February 15, 2024 |
| Shares Offered | 9,53,600 |
| 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 IPO opens on February 16, 2024, and closes on February 20, 2024.
| IPO Open Date | Fri, Feb 16, 2024 |
| IPO Close Date | Tue, Feb 20, 2024 |
| Tentative Allotment | Wed, Feb 21, 2024 |
| Initiation of Refunds | Thu, Feb 22, 2024 |
| Credit of Shares to Demat | Thu, Feb 22, 2024 |
| Tentative Listing Date | Fri, Feb 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 20, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,34,400 |
| Retail (Max) | 1 | 1,600 | ₹1,34,400 |
| HNI (Min) | 2 | 3,200 | ₹2,68,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 4,260.46 | 2,798.37 |
| Total Income | 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 | ||
The market capitalization of Esconet Technologies IPO is ₹103.82 Cr.
| KPI | Values |
|---|---|
| ROE | 75.54% |
| ROCE | 59.11% |
| Debt/Equity | 1.99 |
| RoNW | 54.83% |
| Price to Book Value | 1.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 39.63 | 4.94 |
| P/E (x) | 24.87 | 16.99 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
[Dilip Davda] The company is in the business of providing IT related services and solutions. It marked growth in its top and bottom lines. From posting loss in FY21, it posted robust profits from FY23 onwards. The segment is getting crowded and competitive. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | February 23, 2024 |
| BSE Script Code | |
| NSE Symbol | ESCONET |
| ISIN | INE0RQZ01017 |
| Final Issue Price | ₹84 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹84.00 |
| Open | ₹290.00 |
| Low | ₹275.50 |
| High | ₹294.95 |
| Last Trade | ₹275.50 |
Esconet Technologies Ltd.
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/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Esconet Technologies IPO is a SME IPO of 33,60,000 equity shares of the face value of ₹10 aggregating up to ₹28.22 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600.
The IPO opens on February 16, 2024, and closes on February 20, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Esconet Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Esconet Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Esconet Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Esconet Technologies IPO opens on February 16, 2024 and closes on February 20, 2024.
Esconet Technologies IPO lot size is 1600, and the minimum amount required for application is ₹1,34,400.
You can apply in Esconet Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
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.
The Esconet Technologies IPO listing date is on Friday, February 23, 2024.
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