The Esconet Technologies IPO started on February 16, 2024, and ended on February 20, 2024. Shares were allocated on February 21, 2024, and refund processes began on February 22, 2024. On February 22, 2024, the shares were credited to investors demat accounts. Esconet Technologies was officially listed on the stock exchange on February 23, 2024.
During the IPO, Esconet Technologies offered shares at a price range of ₹80 to ₹84 per share, and the lot size was 1600 shares. The total issue size was ₹28.22 crores, with ₹28.22 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Esconet Technologies IPO Subscription Update Video
Esconet Technologies IPO Subscription Status
The Esconet Technologies IPO on February 20, 2024 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, the 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 Basic Details
| Company Name | Esconet Technologies Limited |
| Domain of Company | Tech Company |
| Esconet Technologies IPO Open Date | February 16, 2024 |
| Esconet Technologies IPO Close Date | February 20, 2024 |
| Esconet Technologies IPO Allotment Date | February 21, 2024 |
| Esconet Technologies IPO Listing Date | 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 |
| Company Promoters | Mr. Santosh Kumar Agrawal and Mr. Sunil Kumar Agrawal |
About Esconet Technologies Limited
Established in 2012, Esconet Technologies Limited specializes in cutting-edge supercomputing solutions and data center services. Our offerings encompass a range of features such as storage servers, network security, virtualization, and data protection.
We provide a diverse portfolio, including Servers and Graphics Workstations, Complete 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, High Availability Databases, and Log Management and Analytics Software.
Esconet is committed to excellent service, offering IT Hardware Installation & Configuration, Seamless Integration of Various IT Infrastructure Software, Infrastructure Management & Monitoring, Private Cloud Setup and Management Expertise, Annual Maintenance Services, Managed Backup and Disaster Recovery Solutions, Data Migration Services, and Expert Consulting Services.
Through our subsidiary, ZeaCloud Services, we extend cloud-based solutions to meet various business needs such as disaster recovery, managed cloud services, private cloud, and DaaS services.
Our clientele includes reputable 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, Esconet Technologies Limited boasts a dedicated team of over 47 employees.
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Esconet Technologies IPO FAQs
What is the start and end date of Esconet Technologies IPO Subscription?
The Esconet Technologies IPO started on February 16, 2024, and ended on February 20, 2024.
When does Esconet Technologies IPO Subscription open?
The Esconet Technologies IPO open on February 16, 2024.
When does Esconet Technologies IPO Subscription close?
The Esconet Technologies IPO Close on February 20, 2024.
What is the allotment date of Esconet Technologies IPO?
The allotment date for Esconet Technologies IPO is February 21, 2024.
When is the initial refund date of Esconet Technologies IPO?
The initial Refund date for Esconet Technologies IPO is February 22, 2024.
When were the shares credited to investors demat accounts for the Esconet Technologies IPO?
The shares for the Esconet Technologies IPO were credited to investors demat accounts on February 22, 2024.
When will Esconet Technologies IPO be listed on the stock market?
Esconet Technologies IPO stock market will be listed on February 23, 2024 at 10 am.
What was the price range of the Esconet Technologies IPO shares?
The Esconet Technologies IPO shares were offered at a price range of ₹80 to ₹84 per share.
What was the lot size for the Esconet Technologies IPO shares?
The lot size for the Esconet Technologies IPO shares was 1600 shares.
What was the total issue size of the Esconet Technologies IPO?
The total issue size of the Esconet Technologies IPO was ₹28.22 crores.
How were the shares allocated among different types of investors for the Esconet Technologies IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Esconet Technologies IPO listed?
The Esconet Technologies IPO was listed on the NSE SME.
What is the Esconet Technologies IPO Subscription Status?
Esconet Technologies IPO is subscribed 507.24 Times.
