Esconet Technologies Limited

16 Feb 2024 - 20 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹256000

Price Band

₹80-₹84

Issue Size

24.06 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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16 Feb 2024

Open Date

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20 Feb 2024

Close Date

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21 Feb 2024

Allotment Date

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23 Feb 2024

Listing Date

Esconet Technologies Limited IPO 2024 is open for subscription from Friday, February 16, 2024 and will close on Tuesday, February 20, 2024. The price band is decided at Rs 80 to Rs 84 per share. The minimum lot size of this application for the retail category is 1600 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,34,400 (84 x 1600 shares). However for HNI category the minimum investment amount is required Rs 2,72,400 (847 x 1600 shares).Esconet Technologies Limited IPO 2024 is a book built issue of Rs 28.22 crores. The issue is entirely a fresh issue of 33.6 lakh equity shares. The allotment for this IPO is expected to be finalized on Wednesday, February 21, 2024. Esconet Technologies Limited IPO will list on NSE SME and listing date fixed on Friday, February 23, 2024. The book running lead manager of Esconet Technologies Limited IPO is Corporate Capital Ventures Private Limited. The registrar for this IPO is SKyline Financial Services Private Limited. The market maker for the Esconet Technologies Limited IPO is Ss Corporate securities.

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About Esconet Technologies Limited

Esconet Technologies Limited was founded in 2012, it is engaged in the business of providing high end super computing solutions and data center facilities that include storage servers, network security, visualization and data protection. Company provides comprehensive solutions to cater the needs of SMEs, large enterprises and public sector clients. Furthermore, Esconet extends its capabilities into the cloud services domain through its wholly owned subsidiary ZeaCloud services. Company offers Servers and Graphics workstations, Comprehensive data storage solutions, Visualization software, Backup and Disaster Recovery Solutions, Data Center and Access Networks, Advanced Software defined networks etc. Esconet clients include Ministry of Defense, National Informatics Centre-Meity, National Informatics Center services Inc, Bharat Electronics Limited, ONGC etc. As per the record, in  November 2023, Company had 47 employees.

Founded

2012

Managing Director

Santosh Agrawal

Parent Organization

IPO Objectives

The capital raised from the IPO will be utilized for meeting the working capital requirements of the company. Moreover, the proceeds will be invested in the wholly owned subsidiary Zeacloud Services Private Limited to fund the capital expenditure. Other than this, General corporate purposes will also be fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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