Esconet Technologies Ltd

IT - Software

Offer Period :

16th to 2nd Feb 2024

Established in 2012, Esconet Technologies Limited specializes in high-end supercomputing solutions, data center facilities, and cloud-based services. Offering a range of IT solutions and after-sales services, Read more... the company serves prestigious clients including the Ministry of Defence and Indian Institute of Technology, with over 47 employees as of November 30, 2023.Read less

Esconet Technologies Ltd IPO Details

IPO Date 16th to 2nd Feb 2024 Minimum Investment ₹134400 / 1 Lots
Listing Date 2024-02-23 Maximum Investment ₹134400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹28.22 Crores
Price ₹84 to ₹84 per share Fresh Issue ₹28.22 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 16th to 2nd Feb 2024
Listing Date 2024-02-23
Face Value ₹10 per share
Price ₹84 to ₹84 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹134400 / 1 Lots
Maximum Investment ₹134400 / 1 Lots
Total Issue Size ₹28.22 Crores
Fresh Issue ₹28.22 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

16th Feb

IPO Starts

20th Feb

IPO Ends

21st Feb

Allotment Date

22nd Feb

Initiation of Refund

22nd Feb

Credit of Shares to Demat Account

23rd Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 82.5 60.09
Public Group 17.5 39.91

Esconet Technologies Ltd IPO Reservation

QIB Shares Offered 636800(18.95%)
NII (HNI) Shares Offered 478400(14.24%)
Retail Shares Offered 1115200(33.19%)
Anchor Investor Shares Offered 953600(28.38%)
Total Shares Offered 3360000
Total Shares With Anchor Investor 3360000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Esconet Technologies Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91- 11-40450193-97;
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Esconet Technologies Ltd IPO Lead Manager

1. Corporate Capital Ventures Pvt Ltd

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Esconet Technologies Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Esconet Technologies Ltd

1. High-end clients.

2. Experienced Promoter and management team with strong industry expertise and successful track record.

3. Experienced Promoters (experience of over 20 years) .

4. Long term relationship with clients and repeat & diversified business.

5. Versatile, Technically Sound and young operation Team, which understands creativity at its excellence.

6. Well versed and equipped with advance technology.

7. Track record of growth and profitability.

Risks Involved

1. The Company has given commitments of Rs. 260.53 Lakhs on September 30, 2023 in respect to the assignments undertaken from the clients. The company cannot assure that there will be no default on its part in the future.

2. Its lenders have charged over the company movable properties and book debts in respect of finance availed by it.

3. Its top five clients contribute approximately 41.35 %, 37.93% and 32.91% of its revenues from operations for the year ended March 31, 2023, March 31, 2022 and March 31, 2021 respectively. Any loss of business from one or more of them may adversely affect its revenues and profitability.

4. A significant portion of its revenues from operations for the last 3 years is generated from Government Projects. Any loss of business from may adversely affect its revenues and profitability.

5. The company has experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.

6. The Company has availed Rs. 671.62 Lakh as unsecured loan which are repayable on demand. Any demand from the lenders for repayment of such unsecured loan may affect its financial condition.

7. If the company is unable to attract new clients or its existing clients does not renew their contract, the growth of its business and cash flows will be adversely affected.

8. If the company is unable to successfully protect its computer systems from security risks, its business could suffer.

9. The company is engaged in industry of Information Technology which is the fastest evolving industry in the world, (risk of obsolescence in current technology).

10. The property used by the Company for the purpose of its operations is owned by its Promoter. Any termination of the relevant rent agreement in connection with such property or its failure to renew the same could adversely affect the company's operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023
Total Assets 27.98
Total Liabilities 27.98
Total Expenses 92.26
Total Revenue 
96.91
Profit After Tax 3.18
EBITDA 6.73
Adjusted EBITDA 0

Esconet Technologies Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-23 92683 ESCONET
INE0RQZ01017
₹84 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹84 ₹84
Open ₹0 ₹290
Low ₹0 ₹275.5
High ₹0 ₹294.95
Low ₹0 ₹275.5

Frequently Asked Questions

What is Esconet Technologies Ltd IPO?

Answer Field

Esconet Technologies Ltd IPO is a SME IPO of 33,60,000 equity shares of a face value of ₹10 aggregating up to ₹28.22 Crores. The issue is priced at ₹84 to ₹84 per share. The minimum order quantity is 1600 Shares. The IPO opens on February 16, 2024, and closes on February 20, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Esconet Technologies Ltd IPO will open?

Answer Field

The Esconet Technologies Ltd IPO opens on February 16, 2024 and closes on February 20, 2024.

What is the lot size of Esconet Technologies Ltd?

Answer Field

Esconet Technologies Ltd lot size is 1600 shares, and the minimum amount required is ₹1,34,400.

How to apply for Esconet Technologies Ltd IPO?

Answer Field

You can apply in Esconet Technologies Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Esconet Technologies Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Esconet Technologies Ltd IPO will be done on February 21, 2024, and the allotted shares will be credited to your demat account by February 22, 2024.

When is Esconet Technologies Ltd IPO listing date?

Answer Field

The Esconet Technologies Ltd listing date is February 23, 2024.

Who is the registrar of Esconet Technologies Ltd IPO?

Answer Field

The registrar of Esconet Technologies Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Corporate Capital Ventures Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Esconet Technologies Ltd IPO?

Answer Field

The fresh issue size is ₹28.22 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Esconet Technologies Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,34,400 amount.

How can I approve the UPI mandate request for Esconet Technologies Ltd IPO?

Answer Field

To apply for Esconet Technologies Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Esconet Technologies Ltd?

Answer Field

The price of each Esconet Technologies Ltd share will be ranging in between ₹84 to ₹84 per share.

What is the cut-off time for the UPI mandate for Esconet Technologies Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 20, 2024.

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