Esconet Technologies IPO : Price, Detail, GMP, Opening Date, Financial Report and More

Founded in 2012, Esconet Technologies Limited offers top-tier supercomputing solutions and data center services like storage servers, network security, and virtualization.

They provide a range of products including Servers, Data Storage Solutions, Virtualization Software, Backup and Disaster Recovery Solutions, Network Security Tools, Email Systems, Databases, and Log Analytics Software.

Their services cover IT Hardware Installation, Software Configuration, Infrastructure Management, Private Cloud Setup, Maintenance, Backup Solutions, Data Migration, and Consulting.

Esconet also operates ZeaCloud Services, a subsidiary offering cloud-based solutions like disaster recovery, managed cloud services, private cloud, and DaaS.

Their clientele includes government entities like the Ministry of Defence and National Informatics Centre, as well as educational institutions and corporations such as Indian Institute of Technology, Bharat Electronics Limited, and Hindustan National Glass & Industries Limited.

As of November 30, 2023, Esconet had a team of over 47 employees.

Key Points Regarding Esconet Technologies IPO

IPO DateFebruary 16, 2024 to February 20, 2024
Price Band₹80 to ₹84 per share
Face ValueRs 10 per share
Lot Size1600 Shares
Total Issue Size3,360,000 shares
(aggregating up to ₹28.22 Cr)
Listing DateFriday, February 23, 2024
Listing AtNSE SME

Esconet Technologies IPO Details

  • Offering Details: Esconet Technologies is introducing 33.6 lakh shares afresh, aiming to raise Rs 28.22 crores through its IPO.
  • Subscription Period: Interested investors can apply for shares from February 16 to February 20, 2024, during the subscription period.
  • Allotment Date: The company plans to finalize the allotment of shares by February 21, 2024, determining who receives how many shares.
  • Listing Platform: Esconet Technologies IPO is slated to debut on the NSE SME platform, with its shares expected to be available for trading starting February 23, 2024.
  • Price Range: The IPO offers shares at a price band of ₹80 to ₹84 per share, giving potential investors a range to consider.
  • Investment Criteria: Retail investors can start with a minimum of 1600 shares, costing ₹134,400, while high-net-worth individuals (HNIs) are encouraged to invest in 2 lots (3,200 shares), totaling ₹268,800.

Esconet Technologies Limited Financial Information

Period Ended30 Sep 202331 Mar 2023
Profit After Tax305.47304.00
Net Worth902.97554.47
Reserves and Surplus825.19477.48
Total Borrowing1,008.951,103.89
Amount in ₹ Lakhs

Contact Details

Esconet Technologies Limited
Okhla Industrial Area Phase 1,
South Delhi, New Delhi – 110020
Phone: +91 9311881642
Email: [email protected]

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