Esconet Technologies IPO Details ( Esconet Technologies Limited IPO Review )
(16 Feb 2024 – 20 Feb 2024)
Established in 2012, Esconet Technologies Limited specializes in top-notch supercomputing solutions and data center services, covering storage servers, network security, virtualization, and data protection.
Our offerings include Servers, Graphics Workstations, Comprehensive Data Storage Solutions, Virtualization Software, Backup and Disaster Recovery Solutions, Data Center and Access Networks, Advanced Software Defined Networks, Network Security Tools, Email Communication Systems, Databases with High Availability, and Log Management and Analytics Software.
We take pride in our comprehensive service and after-sales support, providing services such as 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.
Through our subsidiary, ZeaCloud Services, we offer cloud-based solutions tailored to various business needs, including disaster recovery services, managed cloud services, private cloud, and DaaS services.
Esconet’s clientele encompasses organizations like the 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, Hindustan National Glass & Industries Limited, and many others.
As of November 30, 2023, our company boasts a dedicated team of over 47 employees.
Esconet Technologies Limited IPO Competitive Strength
- Experienced Promoter and management team with strong industry expertise and successful track record
- Partnerships and Alliances
- Strong and long-standing customer relationships
- Marque Clients
Esconet Technologies IPO Financials Performance ( Results )
Esconet Technologies Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-23 | 2,798.37 | 9,690.84 | 304.00 | 554.47 | 477.48 | 1,103.89 |
| 30-Sep-23 | 4,260.46 | 7,146.71 | 305.47 | 902.97 | 825.19 | 1,008.95 |
Esconet Technologies Limited Financial Information (Restated Standalone)
| Period Ended | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 4,420.34 | -100.48 | 178.09 | 634.88 | |
| 31-Mar-22 | 6,859.37 | 72.36 | 250.45 | 774.83 | |
| 31-Mar-23 | 9,497.54 | 304.02 | 554.47 | 477.48 | 1,103.89 |
| 30-Sep-23 | 7,132.90 | 304.48 | 893.37 | 825.19 | 1,008.95 |
Objective of Esconet Technologies IPO Issue
- The working capital requirement of the company,
- Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses, and
- General Corporate Expenses.
Esconet Technologies IPO Basic Details
| IPO Date | Feb 16, 2024 to Feb 20, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Face Value | ₹10 per share |
| Price | ₹80 to ₹84 per share |
| Lot Size | 1600 Shares |
| Issue Size | 3,360,000 shares of ₹10 (aggregating up to ₹28.22 Cr) |
| Fresh Issue | 3,360,000 shares of ₹10 (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 |
| Company Promoters | Mr. Santosh Kumar Agrawal and Mr. Sunil Kumar Agrawal |
Esconet Technologies IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Esconet IPO Timetable
Esconet IPO will open on February 16, 2024 and close on February 20, 2024. You can join Esconet IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 16 February 2024 (Friday) |
| Closing Date | 20 February 2024 (Tuesday) |
| Basis of Allotment | 21 February 2024 (Wednesday) |
| Initiation of Refunds | 22 February 2024 (Thursday) |
| Credit of Shares to Demat | 22 February 2024 (Thursday) |
| Listing Date | 23 February 2024 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 20 February 2024 |
Esconet IPO Lot Size
For retail investors in Esconet IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹134,400. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹134,400.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| S-HNI (Min) | 2 | 3200 | ₹268,800 |
Esconet Technologies IPO Promoter Holding
The company’s promoters include Mr. Santosh Kumar Agrawal and Mr. Sunil Kumar Agrawal.
| Pre Issue Share Holding | 89.18% |
| Post Issue Share Holding | 64.94% |
Esconet Technologies Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 103.82 |
| Earning Per Share (EPS) | ₹39.63 per Equity Share |
| P/E Ratio (P/E) (x) | 24.87 |
| Post P/E Ratio (P/E) (x) | 16.99 |
| Return on Net Worth (RoNW) (%) | 54.83 |
| Return on equity (ROE) (%) | 75.54 |
| Return on Capital Employed (ROCE) (%) | 59.11 |
| Debt/Equity Ratio | 1.99 |
| Price/Book Value Ratio | 1.16 |
Esconet Technologies Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Esconet Technologies Limited | Consolidated | 10.00 | 39.63 | 24.87 | 55 | 72.24 |
| Peer Group | ||||||
| E2E Networks Limited | Consolidated | 10.00 | 6.77 | 26.107 | 20.06 | 34.13 |
| Netweb Technologies India Limited | Consolidated | 2.00 | 9.07 | – | 68.01 | 18.39 |
Esconet Technologies IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹32 | – | – |
| 14 February 2024 | ₹32 | – | – |
| 13 February 2024 | ₹32 | – | – |
Esconet Technologies IPO Detail Video:
Esconet Technologies IPO Subscription Status (Bidding Detail)
The Esconet Technologies IPO on February 20, 2024 at 7:30:00 PM was subscribed 507.24 times, with the retail category being subscribed 553.02 times, the NII (Non-Institutional Investor) category being subscribed 868.05 times, QIB (Qualified-Institutional Buyers) category being subscribed 156.02 times.
| Category | Subscription |
| QIB | 156.02x |
| NII | 868.05x |
| Retail | 553.02x |
| Total | 507.24x |
Esconet Technologies IPO Prospectus
| Esconet Technologies IPO DRHP | Download |
| Esconet Technologies IPO RHP | Download |
| Esconet Technologies IPO Anchor Investors Details PDF | Download |
Esconet Technologies IPO Rating
| Our Rating | 3.5/5.0 |
Esconet Technologies Company Contact Information
Esconet Technologies Limited
Registered Office: D-147 Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020
Tel: +91 9311881642
E-mail: cs@esc.co.in
Website: https://www.esc.co.in/
Contact Person: Mr. Rajnish Pandey, Company Secretary and Compliance Officer;
Our Promoters: Mr. Santosh Kumar Agrawal, Mr. Sunil Kumar Agrawal and Mr. Vineet Agrawal
Esconet Technologies IPO Registrar
Skyline Financial Services Private Limited
Registered Office: D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020
Tel No.: +91- 11-40450193-97;
Fax No.: +91-11-26812683
E-mail: ipo@skylinerta.com
Investor Grievances Email id: grievances@skylinerta.com
Website: http://www.skylinerta.com/
SEBI Registration No.: INR000003241
Contact Person: Mr. Anuj Rana
Esconet Technologies IPO Lead Manager
Corporate Capitalventures Private Limited
Registered Office: B1/E13, First Floor, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi – 110044,
Tel: +91 11 – 41824066;
Email: smeipo@ccvindia.com
Investor Grievances Email id: investor@ccvinndia.com
Website: www.ccvindia.com
SEBI Registration: INM000012276
Contact Person: Mrs. Harpreet Parashar
Esconet Technologies IPO FAQs
What is the lot size of Esconet Technologies IPO?
The total size of Esconet Technologies IPO is ₹28.22 crores and this is a complete fresh Issue.
When will Esconet Technologies IPO start?
Esconet Technologies IPO will open from 16 February 2024 and IPO will close on 20 February 2024.
What is the open date of Esconet Technologies IPO?
Esconet Technologies IPO will open date from 16 February 2024.
What is the last date ( close date ) of Esconet Technologies IPO?
Esconet Technologies IPO will close from 20 February 2024.
What is the price band of Esconet Technologies IPO?
Esconet Technologies IPO price band is ₹80 to ₹84. ( Upper Price Band: ₹84, Lower Price Band: ₹80 )
What is the minimum amount required to apply for Esconet Technologies IPO?
The minimum investment for retailers to apply for Esconet Technologies IPO is ₹134,400 and the maximum investment is ₹134,400.
What is going on gray market premium of Esconet Technologies IPO?
View gray market premium of Esconet Technologies IPO by Clicking Here
How much is the GMP of Esconet Technologies IPO?
Watch Esconet Technologies IPO GMP Today: Click Here
What is the allotment date of Esconet Technologies IPO?
The allotment date of Esconet Technologies IPO is 21 February 2024.
How to check allotment status in Esconet Technologies IPO?
To check the allotment status of Esconet Technologies IPO, first of all go to the registrar website by clicking here, select your bad Esconet Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Esconet Technologies IPO?
The listing date of Esconet Technologies IPO is 23 February 2024.
How much will be the listing gain in Esconet Technologies IPO?
View listing gain of Esconet Technologies IPO by Clicking Here
How much time Esconet Technologies IPO is subscribed?
Total 507.24 times subscribed in Esconet Technologies IPO out of which 553.02 times subscription was done in retail quota, 868.05 times subscription in NII quota and 156.02 times subscription in QIB quota.
How to apply for Esconet Technologies IPO from Upstox?
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How to apply for Esconet Technologies PO from Zerodha?
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How to apply for Esconet Technologies IPO from Angle One?
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