Esconet Technologies Limited IPO
₹80 - ₹84
1600
507.24
| Open Date: | 16-Feb-2024 |
| Close Date: | 20-Feb-2024 |
| Allotment Date: | 21-Feb-2024 |
| Listing Date: | 23-Feb-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹80-84 Per Equity Share |
| Issue Size: | Total Issue Size 3,360,000 shares (aggregating up to ₹28.22 Cr) : Fresh Issue 3,360,000 shares (aggregating up to ₹28.22 Cr) |
| Market Lot (Min Amount): | Retail - ₹134,400 : HNI - ₹268,800 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 636,800 | 478,400 | 1,115,200 | 2,230,400 |
| Day 1 - 16-02-24 05:00 PM | 1.26x | 5.52x | 16.06x | 9.57x |
| Day 2 - 19-02-24 05:00 PM | 1.33x | 75.08x | 135.13x | 84.05x |
| Day 3 - 20-02-24 05:00 PM | 156.02x | 868.05x | 553.02x | 507.24x |
| Total No. of Application: | 385,452 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 553.02x | |||
| Earning Per Share(EPS) | ₹3.38/- |
| P/E Ratio | 24.87 |
| RoNW | 54.83% |
| Net Asset Value (NAV) - Post Issue: | ₹72.24/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Sep,2023 | 4,260.46 | 7,146.71 | 305.47 |
| 31 Mar,2023 | 2,798.37 | 9,690.84 | 304.00 |
| Pre Issue Share Holding | 89.18% |
| Post Issue Share Holding | 64.94% |
| 1. Mr. Santosh Kumar Agrawal |
| 2. Mr. Sunil Kumar Agrawal |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- The working capital requirement of the company,
- Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses, and
- General Corporate Expenses.
Founded in 2012, Esconet Technologies Limited provides high-end supercomputing solutions, and data center facilities that include storage servers, network security, virtualization, and data protection.
The company offers Servers and Graphics Workstations, Comprehensive Data Storage Solutions, Virtualization Software, Backup and Disaster Recovery Solutions, Data Centre and Access Networks, Advanced Software Defined Networks, Network Security Tools, Email Communication Systems, Databases with High Availability, and Log Management and Analytics Software.
The company also provides service and after-sales services which include IT Hardware Installation & Configuration, Deployment and Seamless Integration of Diverse IT Infrastructure Software, Infrastructure Management & Monitoring, Expertise in Private Cloud Setup and Management, Annual Maintenance Services, Managed Backup and Disaster Recovery Solutions, Data Migration Services, and Expert Consulting Services.
The company also offers cloud-based services through its subsidiary ZeaCloud Services catering to various business needs, e.g. disaster recovery services, managed cloud services, private cloud, and DaaS services.
Esconet's clients include Ministry of Defence, National Informatics Centre-MeitY, National Informatics Centre Services Inc - MeitY, Indian Institute of Technology, Indraprastha Institute of Technology Limited, Bharat Electronics Limited, Oil & Natural Gas Commission Limited, Engineers India Limited and Hindustan National Glass & Industries Limited and many more.
As at November 30, 2023, the company had over 47 employees.
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