The Esconet Technologies IPO date has been confirmed from February 16, 2024, and closes on February 20, 2024. Read the post to learn about Esconet Technologies IPO GMP.
Esconet Technologies IPO is a fixed-price offering of Rs 28.22 crore. The price range is ₹80-₹84 per share. The minimum lot size for an application is 1600 shares. The minimum investment for retail investors is ₹134,400.HNI investors can invest as little as ₹268,800 in 2 lots (3,200 shares).
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Key Details Of Esconet Technologies IPO:
Bidding Dates
Feb 16-20
Price Range
₹80 to ₹84 per share
Face Value
₹10 per share
GMP
₹77
Esconet Technologies IPO GMP
The Esconet Technologies IPO GMP is Today ₹77.
Esconet Technologies IPO Overview
Esconet Technologies’ IPO is a book-built offering for Rs 28.22 crore. The sale is entirely fresh, totalling 33.6 lakh shares. Esconet Technologies’ initial public offering (IPO) will start on February 16, 2024 and terminate on February 20, 2024. The allocation for Esconet Technologies’ IPO is anticipated to be completed on Wednesday, February 21, 2024. Esconet Technologies’ IPO will be listed on NSE SME, with a projected listing date of February 23, 2024.
Esconet Technologies’ IPO price range is ₹80-₹84 per share. The Esconet Technologies IPO GMP is Today ₹77. The minimum lot size for an application is 1600 shares. The minimum investment for retail investors is ₹134,400. The minimum investment for HNIs is 2 lots (3,200 shares) totaling ₹268,800.
Esconet Technologies IPO Details
| IPO Date | February 16, 2024 to February 20, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹84 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,360,000 shares (aggregating up to ₹28.22 Cr) |
| Fresh Issue | 3,360,000 shares (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 |
| Market Maker portion | 176,000 shares |
Esconet Technologies Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 4,260.46 | 2,798.37 |
| Revenue | 7,146.71 | 9,690.84 |
| Profit After Tax | 305.47 | 304.00 |
| Net Worth | 902.97 | 554.47 |
| Reserves and Surplus | 825.19 | 477.48 |
| Total Borrowing | 1,008.95 | 1,103.89 |
| Amount in ₹ Lakhs | ||
Esconet Technologies IPO Timeline
| IPO Open Date | Friday, February 16, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Company Profile
Esconet Technologies Limited, founded in 2012, offers high-performance supercomputers and data center services such as storage servers, network security, virtualization, and data protection. The company provides servers and graphics workstations, complete data storage solutions, virtualization software, backup and disaster recovery solutions, data centers and access networks, advanced software-defined networks, network security tools, email communication systems, high-availability databases, and log management and analytics software.
Service and after-sales services include IT hardware installation and configuration, deployment and seamless integration of various IT infrastructure software, infrastructure management and monitoring, expertise in private cloud setup and management, annual maintenance services, managed backup and disaster recovery solutions, data migration services, and expert consulting.
The company also offers cloud-based services through its subsidiary Zea Cloud Services, which address various corporate requirements, including disaster recovery, managed cloud, private cloud, and Daas services. Esconet Technologies IPO clients include the Ministry of Defence, National Informatics Center-MeitY, National Informatics Centre Services Inc. – Meity, Indian Institute of Technology, Indraprastha Institute of Technology Limited, and Bharat Electronics Limited., Oil and Natural Gas Commission Limited, Engineers India Limited, Hindustan National Glass & Industries Limited, and a few others. As of November 30, 2023, the firm employed more than 47 people.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Esconet Technologies Limited |
| Phone number | +91 9311881642 |
| Email ID | [email protected] |
| Website | esc.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Esconet Technologies IPO FAQs
When Esconet Technologies IPO will open?
The Esconet Technologies IPO opens on February 16, 2024 and closes on February 20, 2024.
What is the lot size of Esconet Technologies IPO?
Esconet Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹134,400.
When is Esconet Technologies IPO allotment?
The finalization of Basis of Allotment for Esconet Technologies IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024.
When is Esconet Technologies IPO listing date?
The Esconet Technologies IPO listing date is not yet announced. The tentative date of Esconet Technologies IPO listing is Friday, February 23, 2024.
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