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Esconet Technologies Limited

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Feb 16 to Feb 20, 2024
Price Band ₹80-84
Current GMP ₹290 (245.23%)
Subscription 507.24 times

IPO Details

IPO Date
February 16, 2024 to February 20, 2024
Listing Date
Friday, February 23, 2024
Face Value
₹10 per share
Price Band
₹80 to ₹84 per share
Lot Size
1600 Shares
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)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
9,000,000
Share holding post issue
12,360,000
Market Maker portion
176,000 shares Ss Corporate Securities

IPO Subscription Details

Anchor Investors
1
Market Maker
1
Qualified Institutions
156.02
Non-Institutional Buyers*
868.05
Retail Investors
553.02
Total **
507.24

Day Wise Sub

DayDay 1 Feb 16, 2024
QIB1.26
NII*5.52
Retail16.06
Total9.57
DayDay 2 Feb 19, 2024
QIB1.33
NII*75.08
Retail135.13
Total84.05
DayDay 3 Feb 20, 2024
QIB156.02
NII*868.05
Retail553.02
Total507.24

Day Wise GMP

Date23-02-2024
Price84.00
GMP100 (119.05%)
Estimate List Price184
Date22-02-2024
Price84.00
GMP100 (119.05%)
Estimate List Price184
Date21-02-2024
Price84.00
GMP90 (107.14%)
Estimate List Price174
Date20-02-2024
Price84.00
GMP85 (101.19%)
Estimate List Price169
Date19-02-2024
Price84.00
GMP83 (98.81%)
Estimate List Price167
Date18-02-2024
Price84.00
GMP77 (91.67%)
Estimate List Price161
Date17-02-2024
Price84.00
GMP75 (89.29%)
Estimate List Price159
Date16-02-2024
Price84.00
GMP53 (63.1%)
Estimate List Price137
Date15-02-2024
Price84.00
GMP44 (52.38%)
Estimate List Price128
Date14-02-2024
Price84.00
GMP31 (36.9%)
Estimate List Price115
Date13-02-2024
Price84.00
GMP27 (32.14%)
Estimate List Price111
Date12-02-2024
Price84.00
GMP26 (30.95%)
Estimate List Price110

IPO Important Dates

IPO Open Date
Friday, February 16, 2024
IPO Close Date
Tuesday, February 20, 2024
Basis of Allotment
Wednesday, February 21, 2024
Initiation of Refunds
Thursday, February 22, 2024
Credit of Shares to Demat
Thursday, February 22, 2024
Listing Date
Friday, February 23, 2024
Cut-off time for UPI mandate confirmation
5 PM on February 20, 2024

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1600
Amount₹134,400
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹134,400
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹268,800

Financial Information

Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 20234,260.46
31 Mar 20232,798.37
Period EndedRevenue
30 Sep 20237,146.71
31 Mar 20239,690.84
Period EndedProfit After Tax
30 Sep 2023305.47
31 Mar 2023304.00
Period EndedNet Worth
30 Sep 2023902.97
31 Mar 2023554.47
Period EndedReserves and Surplus
30 Sep 2023825.19
31 Mar 2023477.48
Period EndedTotal Borrowing
30 Sep 20231,008.95
31 Mar 20231,103.89

Key Performance Indicator

ROE
75.54%
ROCE
59.11%
Debt/Equity
1.99
RoNW
54.83%
P/BV
1.16
EPS (Rs)
39.63

IPO Reservation

Anchor Investor Shares Offered
953,600 (28.38%)
Market Maker Shares Offered
176,000 (5.24%)
QIB Shares Offered
636,800 (18.95%)
NII (HNI) Shares Offered
478,400 (14.24%)
Retail Shares Offered
1,115,200 (33.19%)
Total Shares Offered
3,360,000 (100%)

Information about company

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.

Disclaimer

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