Esconet Technologies IPO
The initial public offering (IPO) of Esconet Technologies will open for subscription on February 16 and close on February 20, comprising fresh issues of Rs. 28.22 Cr. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on February 23, 2024.
#1. Quick Intro to Esconet Technologies
Esconet Technologies Limited (2012) provides high-end supercomputing solutions and data center facilities that include storage servers, network security, virtualization, and data protection.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Esconet Technologies
The company intends to use the IPO Funds for the following purposes:
- Working capital requirements of the company “Esconet Technologies Limited”.
- Investment in a wholly owned subsidiary, viz, “ZeaCloud Services Private Limited”, to find its capital expenditure expenses.
- General corporate purposes.
#3. Esconet Technologies Core Strengths
- Experienced promoter and management team with strong industry expertise and a successful track record.
- Partnership and Alliances.
- Strong and long-standing customer relationships.
- Marque clients.
#4. Esconet Technologies IPO Review & Rating
| Issue Size | Rs.28.22 Crore |
|---|---|
| Issue Price | Rs.80 to Rs.84 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (March 2023) | Rs.304 Lakh |
| ROE | 75.54% |
| ROCE | 59.11% |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. Esconet Technologies IPO Dates, Price Band & Details
Esconet Technologies IPO will open on February 16, 2024, and close on February 20, 2024. The IPO is to be listed on February 23, 2024.
| Type of issue | Book Built Issue IPO |
|---|---|
| Issue Size | Rs.28.22 Crore |
| Price Brand | Rs.80 to Rs.84 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 16, 2024 |
| IPO Close Date | February 20, 2024 |
| IPO Allotment Date | February 21, 2024 |
| Refund Date | February 22, 2024 |
| Share Credit Date | February 22, 2024 |
| Listing Date | February 23, 2024 |
#6. Esconet Technologies IPO Offer Details
Esconet Technologies IPO’s total issue size is 3,360,000. shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
|---|---|---|
| Fresh Issue | 3,360,000 | 28.22 |
| Offer for Sale (OFS) | – | – |
#7. Esconet Technologies Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| Total Revenue | 9,690.84 | – | – |
| Net Worth | 554.57 | – | – |
| Profit | 304.00 | – | – |
| Total Borrowings | 1,103.89 | – | – |
#8. Esconet Technologies Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| EPS (Rs.) | 39.63 | 9.43 | -13.10 |
| RoNW (%) | 54.83 | 28.89 | -56.42 |
| NAV (Rs.) | 23.22 | 32.65 | 23.22 |
#9. Esconet Technologies Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
|---|---|---|---|
| E2E Networks Limited | 6696.19 | 20.06 | 34.13 |
| Netweb Technologies Limited | 44,565.00 | 68.01 | 18.39 |
#10. Esconet Technologies Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
|---|---|
| 01. | Santosh Kumar Agrawal |
| 02. | Sunil Kumar Agrawal |
#11. Esconet Technologies Pre-offer and Post-Offer Promoters Shareholding
|
Promoters Holding |
Percentage (%) |
|---|---|
| Pre-issue | 89.18 |
| Post-issue |
64.94 |
#12. Esconet Technologies IPO Reservation Details
Esconet Technologies IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
|---|---|
| QIB Shares Offered | Not More than 50% of the issue size |
| Retail Share Offered | Not less than 35% of the issue size |
| NII (HNI) Shares Offered | Not less than 15% of the issue size |
#13. Esconet Technologies IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min.) | 1 | 1600 | 134,400 |
| Retail (Max.) | 1 | 1600 | 134,400 |
| HNI (Min.) | 2 | 3,200 | 268,800 |
#14. Esconet Technologies IPO – Prospectus Copy
An investor can download/view the Esconet Technologies prospectus copy, which the company filed to exchange, details are as follows.
| Esconet Technologies IPO Prospectus |
|---|
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Esconet Technologies IPO Registrar
Skyline Financial Services Private Limited
Phone No.: +91-11-40450193-97
E-Mail: ipo@skylinerta.com
Website: www.skylinerta.com
#16. Esconet Technologies IPO Lead Manager
Corporate CapitalVentures Private Limited
Phone No.: +91-11-41824066
E-Mail: smeipo@ccvindia.com
Website: www.ccvindia.com
#17. Esconet Technologies IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Esconet Technologies IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Esconet Technologies Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Esconet Technologies Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Esconet Technologies Company Details
Esconet Technologies Limited
Registered Office: D-147, Okhla Industrial Area Phase I, South Delhi, New Delhi-110020
Phone No: +91-9311881642
Email: cs@ecs.co.in
Website: www.ecs.co.in
Investor Grievances/Compliance Officer: Rajnish Pandey
#19. Esconet Technologies Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
|---|---|
| 01. | Zeacloud Services Private Limited |
| 02. | – |
#20. Esconet Technologies Company Board (Top 2)
| Sr. No. | Name of Directors |
|---|---|
| 01. | Santosh Kumar Agrawal |
| 02. | Sunil Kumar Agrawal |
Esconet Technologies IPO – Frequently Asked Questions (FAQs)
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#1. What is an Esconet Technologies IPO? Esconet Technologies brings its IPO of Rs.28.22 Crore, on February 16, 2024, with a price band of Rs.80 to Rs.84 per share. |
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#2. What is the Esconet Technologies IPO Open date? Esconet Technologies IPO’s opening date is February 16, 2024. |
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#3. What is the Esconet Technologies IPO Close Date? Esconet Technologies IPO’s closing date is February 20, 2024. |
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#4. What is the Esconet Technologies IPO Listing date? Esconet Technologies’s IPO listing date is February 23, 2024. |
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#5. What is the Esconet Technologies IPO Minimum investment amount? Esconet Technologies IPO’s minimum investment amount is Rs. 134,400. |
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#6. What is the Esconet Technologies IPO offer issue Size? Esconet Technologies offers an issue size of Rs.28.22 Crore. |
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#7. What is the Esconet Technologies IPO Price Band? Esconet Technologies’s IPO price band is Rs.80 to Rs.84 per share. |
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#8. Is Esconet Technologies IPO mainboard IPO or SME IPO? Esconet Technologies IPO is an SME IPO. |
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