Esconet Technologies Ltd
Price Range
₹80 - ₹84
Min. Quantity
1,600
Closes on
20 February 2024
Min. investment
₹1,34,400/1,600 Shares
Esconet Technologies Ltd IPO Timeline
'Esconet Technologies Limited' was originally incorporated on March 30, 2012 as a Private Limited Company as 'Esconet Technologies Private Limited'. Pursuant to a special resolution passed by the companies shareholder in the Extra - Ordinary General Meeting held on August 09, 2023, the main objects of the Company was altered and a Fresh Certificate of Incorporation was issued on August 18, 2023 by the Registrar of Companies, Delhi. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extra-Ordinary General Meeting held on August 09, 2023, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to 'Esconet Technologies Limited' and a Fresh Certificate of Incorporation consequent to Conversion was issued on September 21, 2023 by the Registrar of Companies, Delhi.
| Event | Date |
|---|---|
| Esconet Technologies Ltd IPO Opening Date | 16 February 2024 |
| Esconet Technologies Ltd IPO Closing Date | 20 February 2024 |
| Basis of Allotment | 21 February 2024 |
| Initiation of Refunds | 22 February 2024 |
| Credit of Shares to Demat | 22 February 2024 |
| Esconet Technologies Ltd IPO Listing Date | 23 February 2024 |
Esconet Technologies Ltd IPO Details
| Esconet Technologies Ltd IPO Date | 16 February 2024 to 20 February 2024 |
| Esconet Technologies Ltd IPO Face Value | ₹10 per share |
| Esconet Technologies Ltd IPO Price | ₹80 to ₹84 per share |
| Esconet Technologies Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹28.22 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹28.22 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Santosh Kumar Agrawal, Sunil Kumar Agrawal, Vineet Agrawal |
Esconet Technologies Ltd IPO Lot Size
The Esconet Technologies Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,34,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,34,400 |
| Maximum | 1 | 1,600 | ₹1,34,400 |
- Strengths
- Risks
- Opportunities
- High-end clients.
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Experienced Promoters (experience of over 20 years) .
- Long term relationship with clients and repeat & diversified business.
- Versatile, Technically Sound and young operation Team, which understands creativity at its excellence.
- Well versed and equipped with advance technology.
- Track record of growth and profitability.
Company Financials
Esconet Technologies Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 72.01 | 137.72 | 5.30 |
| 03-2023 | 28.91 | 94.98 | 3.03 |
| 03-2022 | 25.88 | 68.59 | 0.72 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working capital requirement of the company Esconet Technologies Ltd
- Investment in wholly owned subsidiary viz "Zeacloud Services Pvt Ltd" to fund its capital expenditure expenses
- General corporate expenses
Esconet Technologies Ltd IPO Promoter Holding
| Pre Issue Share Holding | 47.07% |
| Post Issue Share Holding | 34.27% |
Esconet Technologies Ltd IPO Subscription Status (Bidding Detail)
The Esconet Technologies Ltd IPO is subscribed 337.4514 times on 20 February 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 337.4514 |
Esconet Technologies Ltd IPO Prospectus
Esconet Technologies Ltd IPO Listing Date
| Listing Date | 23 February 2024 |
| BSE Script | 92683 |
| NSE Symbol | ESCONET |
| Listing In | NSE - SME |
| ISIN | INE0RQZ01017 |
| IPO Price | ₹84 |
| Face Value | ₹10 |
Company Contact Information
D-147 Okhla Industrial Area -Phase 1 South Delhi,New Delhi-110020
Phone: +91 93118 81642
Email: cs@esc.co.in
Website: https://www.esc.co.in
Esconet Technologies Ltd IPO Registrar
Esconet Technologies Ltd IPO Lead Manager(s)
- Corporate Capital Ventures Pvt Ltd
FAQ
What is the issue size of Esconet Technologies Ltd IPO?
I have pre-applied for Esconet Technologies Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.