Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
SME IPO Status: Listed [16th Feb 2024 to 20th Feb 2024]
Esconet Technologies IPO, a SME IPO of ₹28.22 Cr was launced on 16-02-2024 to 20-02-2024 and the shares got listed on NSE SME on 23-02-2024.
The public issue of Esconet Technologies IPO (ESCONET) was offered at ₹84.00 per share and the ipo was listed at ₹290. It has delivered listing gain of 245.24%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 329600 per lot return on listing.
| SME IPO Issue Opening Date: | 16th Feb 2024 |
| SME IPO Issue Closing Date: | 20th Feb 2024 |
| SME IPO Issue Price: | ₹80.00-84.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹28.22 Cr |
| Fresh Issue: | ₹28.22 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 89.18% |
| Promoter Holding Post IPO: | 64.94% |
| Allotment Status: | Allotment Status |
| NSE Code: | ESCONET |
Get important updates regarding Esconet Technologies SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 21st Feb 2024 |
| Refunds Initiation* | 22nd Feb 2024 |
| Credit of Shares to Demat* | 22nd Feb 2024 |
| SME IPO Listing Date* | 23rd Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹80.00-84.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹134400 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 23-02-2024 | 84.00 | 100 | 121600 | ₹184 (119.05%) | 23-Feb-2024 9:28 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Esconet Technologies Private Limited is an IT solutions provider founded in 2012. They offer a wide range of services including high-end supercomputing solutions, data center facilities, storage servers, network security, virtualization, and data security. Their solutions cater to the needs of SMEs, large enterprises, and public sector clients.
Esconet has built a solid reputation by delivering customized strategies and solutions that enable its clients to succeed in the rapidly evolving technology landscape. They have gained valuable experience and a loyal customer base of private and public sector organizations.
To further expand its services, Esconet established ZeaCloud Services Private Limited in 2022 and later acquired it as a wholly-owned subsidiary through a share swap in 2023. ZeaCloud Services specializes in providing cloud-based services under the brand name Available. These services include Disaster Recovery Services, Managed Cloud Services, Private Cloud, and DaaS Services.
This company additionally offers a robust server suite designed to meet organisations' diverse and evolving needs. Their solutions include state-of-the-art hardware configurations, seamless networking, and secure storage options that provide a reliable foundation for businesses. Additionally, Esconet integrates machine learning and artificial intelligence tools into its portfolio to keep up with the data-driven era.
Its wide range of system integration services encompasses complete IT solutions including hardware, network, and software implementations. They also provide customized services tailored to customers' operational needs and objectives.
| Incorporation | Sector | IPO Issue Size | Website |
| 2012 | IT Enabled Services | ₹28.22 Cr | https://www.esc.co.in/ |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 636,800 (28.55%) | 478,400 (21.45%) | 1,115,200 (50%) | 2,230,400 | |
| 1 | 16th Feb 2024 19:31 | 1.26x | 5.52x | 16.06x | 9.57x |
| 2 | 19th Feb 2024 19:32 | 1.33x | 75.08x | 135.13x | 84.05x |
| 3 | 20th Feb 2024 18:23 | 156.02x | 868.05x | 553.02x | 507.24x |
| 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 |
| Amount in ₹ Lakhs | ||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Esconet Technologies Limited | 39.63 | 39.63 | 72.24 | 24.87 | 55 | |
| E2e Networks Limited | 6.85 | 6.77 | 34.13 | 26.11 | 20.06 | Consolidated |
| Netweb Technologies India Limited | 9.22 | 9.07 | 18.39 | 68.01 |
Last Updated on 27-Feb-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Esconet Technologies SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Esconet Technologies SME IPO with Zerodha.
Alternate approch to apply in Esconet Technologies SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Esconet Technologies SME IPO Review and Important Updates
Other relevant questions :
How to subscribe Esconet Technologies SME IPO Zerodha? How to purchase Esconet Technologies SME IPO on Zerodha? Esconet Technologies SME IPO how to buy Zerodha? Esconet Technologies SME IPO Zerodha apply. Esconet Technologies SME IPO purchase Zerodha. Esconet Technologies SME IPO with Zerodha. Esconet Technologies SME IPO at Zerodha. Esconet Technologies SME IPO kite Zerodha. Esconet Technologies SME IPO using Zerodha. Esconet Technologies SME IPO via Zerodha.
To subscribe or apply in Esconet Technologies SME IPO, you can use the following methods:
| Esconet Technologies SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Esconet Technologies SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Esconet Technologies SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Esconet Technologies SME IPO. Most of the Syndicate Banks provide access to apply in Esconet Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Esconet Technologies SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Esconet Technologies SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Esconet Technologies SME IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe Esconet Technologies SME IPO? Where to apply for Esconet Technologies SME IPO? How to subscribe Esconet Technologies SME IPO online? Esconet Technologies SME IPO where to apply? Where to buy Esconet Technologies SME IPO online? How to buy Esconet Technologies SME IPO online? How to purchase Esconet Technologies SME IPO? How to get Esconet Technologies SME IPO? How to book Esconet Technologies SME IPO? How to invest Esconet Technologies SME IPO? Esconet Technologies SME IPO kaise buy kare?
Esconet Technologies SME IPO is going to be list on 23-02-2024. NSE Code for Esconet Technologies is ESCONET.
Other relevant questions:
When Esconet Technologies SME IPO will be listing? Esconet Technologies SME IPO NSE listing date?Esconet Technologies SME IPO date of listing
Esconet Technologies SME IPO Allotment Date is 21-02-2024.
Other relevant questions:
Esconet Technologies SME IPO share allotment date?Esconet Technologies SME IPO allotment date?
