IPO Issue Details
Issue Price / Price Band₹84 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size33,60,000 shares (aggregating up to ₹28.22 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 16 Feb 2024
Subscription CloseTue, 20 Feb 2024
Anchor AllotmentThu, 15 Feb 2024
Basis of AllotmentWed, 21 Feb 2024
Initiation of RefundsThu, 22 Feb 2024
Credit of Shares to DematThu, 22 Feb 2024
Listing DateFri, 23 Feb 2024
UPI Mandate Deadline2024-02-20
Application & Investment Details
Retail — Min (1 Lots)₹1,34,400 — 1,600 shares
Retail — Max (13 Lots)₹1,747,200 (13 Lots)
HNI — Min (2 Lots)₹2,68,800 — 3,200 shares
EPS (Pre-IPO)₹39.63
EPS (Post-IPO)₹4.94
P/E Ratio (Pre-IPO)24.87x
P/E Ratio (Post-IPO)16.99x
Net Offer to Public31,84,000 shares (aggregating up to ₹26.75 Cr)
Reserved for Market Maker1,76,000 shares (aggregating up to ₹1.48 Cr)
Pre-IPO Promoter Holding90,00,000 shares
Post-IPO Promoter Holding1,23,60,000 shares
About Esconet Technologies Ltd
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.
Objects of the Issue
Esconet Technologies Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
The working capital requirement of the company,
2
Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses, and
3
General Corporate Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
90,00,000 shares
Post-IPO Promoter Holding
1,23,60,000 shares