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Esconet Technologies Limited IPO

Esconet Technologies Limited IPO

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Allotment Date :
Listing Date :
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Listed Price: ₹ 290.00 (+245.24%)

Following its successful public offering, Esconet Technologies Limited's made its market debut on 23-02-2024 and is now actively traded on the NSEplatform. The IPO mobilized 33,60,000 Shares in total capital, including 33,60,000 Shares in primary equity infusion.

The offering was structured with a price band of ₹80 to ₹84 and minimum investment lots of 1600 shares. Investor participation during the subscription window from 16-02-2024 to 20-02-2024 demonstrated market confidence in the company's prospects.

The allotment process concluded on 21-02-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Esconet Technologies IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Esconet Technologies IPO Key Performance Indicator
Company Financials ( In Lakhs )

Esconet Technologies IPO About Company

Esconet Technologies Limited specializes in high-end supercomputing solutions and data center services, offering advanced storage, network security, virtualization, and data protection. Its product portfolio includes servers, graphics workstations, data storage solutions, network security tools, backup and disaster recovery solutions, and high-availability databases. The company also provides IT services such as hardware installation, infrastructure management, private cloud setup, data migration, and expert consulting. Through its subsidiary ZeaCloud Services, Esconet offers cloud-based solutions, including disaster recovery, managed cloud services, and Desktop-as-a-Service (DaaS). The company serves prestigious clients such as the Ministry of Defence, National Informatics Centre (MeitY), Indian Institutes of Technology (IITs), Bharat Electronics, ONGC, and Engineers India Limited. As of November 30, 2023, Esconet had over 47 employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Esconet Technologies IPO Strength Factors

  1. Experienced Leadership: The company is guided by seasoned promoters who provide valuable expertise, leadership, and strategic direction.
  2. Trusted by Top Clients: With prestigious clients and a strong industry reputation, the company enjoys credibility and trust among stakeholders.
  3. Strong Brand Presence: Well-established brand awareness helps the company stand out in the market and attract customers effectively.

Esconet Technologies IPO Risk Factors

  1. Supplier Dependency: Relying on specific manufacturers and suppliers could lead to risks like supply chain disruptions or quality issues, impacting operations and customer satisfaction.
  2. Dependence on IT Budgets: The company’s revenue may be affected by changes in corporate IT budgets, as lower spending could reduce demand for its products and services.

Esconet Technologies IPO Lead Manager(s)

  • Corporate Capitalventures Private Limited

Esconet Technologies IPO Promoter(s)

  1. Mr. Santosh Kumar Agrawal
  2. Mr. Sunil Kumar Agrawal



Esconet Technologies IPO Company Details

Esconet Technologies Limited
Phone:
address:

Esconet Technologies IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Esconet Technologies IPO FAQs