Esconet Technologies Limited IPO
- IPO Date16 Feb, 2024 to 22 Feb, 2024
- Listing Date23 Feb, 2024
- Face Value₹10 per share
- Issue Price₹80 to ₹84 per share
- Lot Size1600 Shares
- Minimum Investment₹1,34,400
- Listing AtNSE SME
- Total Issue Size33,60,000 Shares
(aggregating up to ₹28.22 Cr) - Fresh Issue33,60,000 Shares
(aggregating up to ₹28.22 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue90,00,000
- Shareholding post issue1,23,60,000
IPO Dates
Closing Date
22 Feb, 2024
Initiation of Refunds
22 Feb, 2024
Listing Date
23 Feb, 2024
16 Feb, 2024
Opening Date
21 Feb, 2024
Basis of Allotment
22 Feb, 2024
Credit of Shares
Esconet Technologies Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,34,400 |
| Retail (Max) | 1 | 1600 | ₹1,34,400 |
| HNI (Min) | 2 | 3200 | ₹2,68,800 |
Esconet Technologies Limited Promoter Holding
Mr. Santosh Kumar Agrawal and Mr. Sunil Kumar Agrawal are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 89.18% | 64.94% |
Esconet Technologies Limited COMPANY INFORMATION
Esconet Technologies IPO is a book built issue of Rs 28.22 crores. The issue is entirely a fresh issue of 33.6 lakh shares. Esconet Technologies IPO bidding started from February 16, 2024 and ended on February 20, 2024. The allotment for Esconet Technologies IPO was finalized on Wednesday, February 21, 2024. The shares got listed on NSE SME on February 23, 2024. Esconet Technologies IPO price band is set at ₹80 to ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800. Corporate Capitalventures Pvt Ltd is the book running lead manager of the Esconet Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Esconet Technologies IPO is Ss Corporate Securities. Refer to Esconet Technologies IPO RHP for detailed information.
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.
FAQs About Esconet Technologies Limited Ipo
Esconet Technologies Limited IPO will open on 16 Feb, 2024 and close on 22 Feb, 2024. Investors must apply within this period to participate.
The Esconet Technologies Limited IPO price band is set between ₹80.00 and ₹84.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹134400.00.
The Esconet Technologies Limited IPO shares are expected to be listed on 23 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Esconet Technologies Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Esconet Technologies Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.