Esconet Technologies Limited
Book Built Issue IPO · NSE
- Price band
- ₹80 - ₹84
- Lot size
- 1,600 shares
- Issue amount
- ₹28.22 cr
- Total subscription
- 507.32×
- Opens
- 16 Feb 2024
- Closes
- 20 Feb 2024
- Allotment
- 21 Feb 2024
- Listing
- 23 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 33,60,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹28.22 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,34,400
- Issue type
- Book Built Issue IPO
- Shares before issue
- 90,00,000
- Shares after issue
- 1,23,60,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,34,400 |
| HNI | 2 | 3,200 | ₹2,68,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.35 | 834.54 |
| RETAIL | 9.37 | 5,180.47 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 39.63 | 9.43 | -13.1 |
| ROE | 75.54 | 33.77 | -56.42 |
| ROCE | 59.11 | 20.76 | -8.33 |
| RONW | 54.83 | 28.89 | -56.42 |
| PRE IPO(PE) | 1.16 | 0 | 0 |
| POST IPO(PE) | 24.87 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Experienced Leadership: The company is guided by seasoned promoters who provide valuable expertise, leadership, and strategic direction.
- Trusted by Top Clients: With prestigious clients and a strong industry reputation, the company enjoys credibility and trust among stakeholders.
- Strong Brand Presence: Well-established brand awareness helps the company stand out in the market and attract customers effectively.
Risk factors
- Supplier Dependency: Relying on specific manufacturers and suppliers could lead to risks like supply chain disruptions or quality issues, impacting operations and customer satisfaction.
- 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.
Promoters
Mr. Santosh Kumar Agrawal
Mr. Sunil Kumar Agrawal
Registrar & documents
Lead manager
Corporate Capitalventures Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020
+91 9311881642
[email protected]Company website ↗Understanding ESCONET IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.