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Esconet Technologies Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹84
Per Share
GMP
NIL
Grey Market
Est. Listing
₹84
Expected Price
Min. Application
₹268,800
2 lots × 1600 shares
IPO Issue Details
Issue Price / Price Band₹84 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size33,60,000 shares (aggregating up to ₹28.22 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 16 Feb 2024
Subscription CloseTue, 20 Feb 2024
Anchor AllotmentThu, 15 Feb 2024
Basis of AllotmentWed, 21 Feb 2024
Initiation of RefundsThu, 22 Feb 2024
Credit of Shares to DematThu, 22 Feb 2024
Listing DateFri, 23 Feb 2024
UPI Mandate Deadline2024-02-20
Application & Investment Details
Retail — Min (1 Lots)₹1,34,400 — 1,600 shares
Retail — Max (13 Lots)₹1,747,200 (13 Lots)
HNI — Min (2 Lots)₹2,68,800 — 3,200 shares
EPS (Pre-IPO)₹39.63
EPS (Post-IPO)₹4.94
P/E Ratio (Pre-IPO)24.87x
P/E Ratio (Post-IPO)16.99x
Net Offer to Public31,84,000 shares (aggregating up to ₹26.75 Cr)
Reserved for Market Maker1,76,000 shares (aggregating up to ₹1.48 Cr)
Pre-IPO Promoter Holding90,00,000 shares
Post-IPO Promoter Holding1,23,60,000 shares
About Esconet Technologies Ltd

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.

Objects of the Issue

Esconet Technologies Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
The working capital requirement of the company,
2
Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses, and
3
General Corporate Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding 90,00,000 shares
Post-IPO Promoter Holding 1,23,60,000 shares
Check AllotmentCheck Status →
Esconet Technologies Ltd — Live Price LIVE
₹84.00
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Issue ₹84.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹84
GMPNIL
Est. Listing₹84
Lot Size1,600 shares
Min Amount₹268,800
Listing Date23 Feb 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹84
Listing Date23 Feb 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 176,000 ₹1.48 Cr
TOTAL 3,360,000 100.00% ₹28.22 Cr
* Based on ₹84.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,600
Shares
Issue Price
₹84.00
Per Share
Min Investment
₹134,400
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,600 ₹134,400
Retail (Max) 13 20,800 ₹1,747,200
sNII (Min) 14 22,400 ₹1,881,600
bNII (Min) 68 108,800 ₹9,139,200
Company Financials — Restated Consolidated (Amount in Rs Cr)
Particulars30 Sep 202331 Mar 2023FY 2022-23
Revenue from Operations 7146.71 9690.84 N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) 305.47 304.00 N/A
Net Worth 902.97 554.47 N/A
Total Assets 4260.46 2798.37 N/A
Reserves & Surplus 825.19 477.48 N/A
Total Borrowings 1008.95 1103.89 N/A
Key Ratios & Valuation
Issue Price ₹84
Face Value ₹10 Per Share
P/BV 1.16
RoE 75.54%
RoCE 59.11%
RoNW 54.83%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 1.99
Company Details
Company
Esconet Technologies Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi, 110020
Book Running Lead Managers
Corporate Capitalventures Pvt.Ltd
Book Running Lead Manager (BRLM)