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 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 |
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
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 16, 2024 | 1.26 | 5.52 | 16.06 | 9.57 |
| Day 2 Feb 19, 2024 | 1.33 | 75.08 | 135.13 | 84.05 |
| Day 3 Feb 20, 2024 | 156.02 | 868.05 | 553.02 | 507.24 |
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
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 23-02-2024 | 84.00 | 100 (119.05%) | 184 |
| 22-02-2024 | 84.00 | 100 (119.05%) | 184 |
| 21-02-2024 | 84.00 | 90 (107.14%) | 174 |
| 20-02-2024 | 84.00 | 85 (101.19%) | 169 |
| 19-02-2024 | 84.00 | 83 (98.81%) | 167 |
| 18-02-2024 | 84.00 | 77 (91.67%) | 161 |
| 17-02-2024 | 84.00 | 75 (89.29%) | 159 |
| 16-02-2024 | 84.00 | 53 (63.1%) | 137 |
| 15-02-2024 | 84.00 | 44 (52.38%) | 128 |
| 14-02-2024 | 84.00 | 31 (36.9%) | 115 |
| 13-02-2024 | 84.00 | 27 (32.14%) | 111 |
| 12-02-2024 | 84.00 | 26 (30.95%) | 110 |
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 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |
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 Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 4,260.46 | 2,798.37 |
| Revenue | 7,146.71 | 9,690.84 |
| Profit After Tax | 305.47 | 304.00 |
| Net Worth | 902.97 | 554.47 |
| Reserves and Surplus | 825.19 | 477.48 |
| Total Borrowing | 1,008.95 | 1,103.89 |
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 |
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%) |
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
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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