Esconet Technologies IPO Details, Date, Review, Price

Esconet Technologies IPO Details, Date, Review, Price

COMPANY OVERVIEW 

Esconet Technologies Private Limited, founded in 2012, is engaged in the business of meeting a wide range of IT requirements such as high-performance supercomputing solutions, and data centre facilities, encompassing storage servers, network security, virtualization, and data protection. Our comprehensive solutions cater to the needs of SMEs, large enterprises, and public sector clients. Furthermore, Esconet extends its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring that our clients have access to cutting-edge technology and a seamless IT infrastructure experience.

Throughout this journey, Esconet has garnered not only experience but also the pool of clientele base of private and public sector organizations mentioned below. This positive evolution showcases our commitment to excellence, innovation, and comprehensive client support. As a trusted partner, we are delivering not just solutions, but tailored strategies that empower our clients to thrive in the rapidly evolving landscape of technology.

  • Ministry of Defence
  • National Informatics Centre-MeitY
  • National Informatics Centre Services Inc.
  • Indian Institute of Technology
  • Indraprastha Institute of Technology Limited
  • Bharat Electronics Limited
  • Oil & Natural Gas Commission Limited
  • Engineers India Limited
  • Hindustan National Glass & Industries Limited & many more.

ESCONET TECHNOLOGIES IPO DATE & PRICE BAND DETAILS

IPO Open Date February 16, 2024
IPO Close DateFebruary 20, 2024
IPO SizeApprox ₹28.22 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band₹80 to ₹84 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota35%
IPO QIB Quota50%
IPO NII Quota15%
IPO DiscountN/A

ESCONET TECHNOLOGIES IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum11600₹134,400
Retail Maximum11600₹134,400
S-HNI Minimum23200₹268,800

OBJECTS OF THE ISSUE

  1.  Working capital requirement of our company “Esconet Technologies Limited”
  2.  Investment in Wholly Owned Subsidiary, viz. “Zeacloud Services Private Limited”, to fund its capital expenditure expenses.
  3.  General Corporate Expenses.

ESCONET TECHNOLOGIES IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open DateFeb 16, 2024
IPO Close DateFeb 20, 2024
Basis of AllotmentFeb 21, 2024
RefundsFeb 22, 2024
Credit to Demat AccountFeb 22, 2024
IPO Listing DateFeb 23, 2024

ESCONET TECHNOLOGIES FINANCIAL REPORTS 

₹ in Crores
YearRevenueExpensePAT(Profit After Tax)
2023₹94.98 ₹90.52 ₹3.04
2022 ₹68.59 ₹67.99 ₹0.72
2021 ₹44.20 ₹45.25 ₹1.00

OUR PROMOTERS

  1.  Mr Santosh Kumar Agrawal
  2.  Mr Sunil Kumar Agrawal
  3.  Mr Vineet Agrawal

QUALITATIVE FACTOR

  •  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 advanced technology.
  •  Track record of growth and profitability

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 202339.6339.633
March 31, 20229.439.432
March 31, 202113.1013.101
Weighted Average20.7720.77

ESCONET TECHNOLOGIES COMPANY CONTACT DETAILS

D-147 Okhla Industrial Area Phase 1,
South Delhi, New Delhi -110020
Tel: +91-11-43494950
E-mail: corp@esc.co.in
Website: www.esc.co.in

ESCONET TECHNOLOGIES IPO REGISTAR

SKYLINE FINANCIAL SERVICES PRIVATE
LIMITED
D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New
Delhi-110020
Tel No.: +91- 11-40450193-97
E-mail: ipo@skylinerta.com
Investor Grievances Email id- grievances@skylinerta.com
Website: www.skylinerta.com
Contact Person: Mr. Anuj Rana

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