Esconet Technologies was incorporated on 30 March 2012. The company is engaged in the business of meeting a wide range of IT requirements, such as high-end supercomputing solutions, data centre facilities, encompassing storage servers, network security, virtualization, and data protection.
| Bidding Dates |
|---|
| 16 Feb 2024 - 20 Feb 2024 |
| Subscription |
|---|
| 471.18x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1600 | 3.4 M | ₹80 - ₹84 | 64.94 % | ₹268.8 M - ₹282.2 M | RHP DOC |
Esconet Technologies IPO SUBSCRIPTION STATUS
20 Feb '24Esconet Technologies IPO overall subscription rate was 471.18 times the total available shares
Esconet Technologies IPO retail subscription rate was 734.82 times in the retail segment
Esconet Technologies IPO non-institutional investor subscription rate was 1151.36 times in the non-institutional investor category
Esconet Technologies IPO Qualified Institutional Bidder subscription rate was 82.57 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
20 Feb 2024 (Day 3) | 734.82x | 1151.36x | 82.57x |
19 Feb 2024 (Day 2) | 173.09x | 98.92x | 0.7x |
16 Feb 2024 (Day 1) | 20.38x | 7.15x | 0.66x |
Esconet Technologies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 30.5 | 714.2 | 15.8 | 12.5 | 7.3% |
| FY23 | 30.4 | 965.9 | -4.2 | -15.8 | 6.7% |
Esconet Technologies IPO SUBSCRIPTION STATUS DETAILS
Esconet Technologies had 3.4 M shares on offer
Esconet Technologies IPO offer price was in the range ₹80 - ₹84
Esconet Technologies IPO minimum Investment was ₹128000
Esconet Technologies IPO issue size was ₹ 268.8 M - ₹ 282.2 M
Esconet Technologies had a minimum lot size of 1600 Shares per application
Esconet Technologies NUMBER OF SHARES ON OFFER
Esconet Technologies IPO IMPORTANT DATES
| Issue Open Date | 16 Feb 2024 |
| Issue close Date | 20 Feb 2024 |
| Allotment Date | 21 Feb 2024 |
| Refund Date | 22 Feb 2024 |
| Demat Account Credit Date | 22 Feb 2024 |
| Listing Date | 23 Feb 2024 |
| Listing on Exchange(s) | NSE |
| Esconet Technologies Allotment Status | Exchange |
Esconet Technologies IPO subscription opened on 16 Feb 2024, and closed on 20 Feb 2024
IPO allotment for Esconet Technologies was finalized on Wednesday, 21 Feb 2024
IPO listing for Esconet Technologies was on NSE on Friday, 23 Feb 2024
Esconet Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 84.0 |
| Listing Open Price | 290.0 |
| Listing Close Price | 275.5 |
| Listing Gain% | 245.2% |
| Current Gain% | 64.0% |
Esconet Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Esconet Technologies Ltd. | 137.8 | 170.3 | 30.3 | -1 | 0.5 | 7.4 | 4.5 | 357.8 | 53.4 | 6 | -25.5 | 4.5 | -29.7 |
| One97 Communications Ltd. | 1441.6 | 92425.7 | 142.2 | 1.2 | 10.3 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1604.5 | 74239.4 | 99.2 | 1 | 10.1 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Affle 3I Ltd. | 1645.6 | 23183.1 | 48.5 | 2.5 | 8.2 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 154.4 | 17820.2 | 140 | 0.7 | 6.3 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Fractal Analytics Ltd. | 817.7 | 14061.6 | 42.8 | 4.1 | 9.2 | 6.6 | 3362.6 | 19.4 | 292.2 | 31 | 19.1 |
Esconet Technologies INFORMATION ON IPO ISSUE
About Esconet Technologies
Esconet Technologies was incorporated on 30 March 2012. The company is engaged in the business of meeting a wide range of IT requirements, such as high-end supercomputing solutions, data centre facilities, encompassing storage servers, network security, virtualization, and data protection.
Object of the Issue
- Working capital requirement of the company
- Investment in wholly owned subsidiary, viz. Zeacloud Services, to fund its capital expenditure expenses
- General corporate expenses
Esconet Technologies - PROMOTERS
| Name |
|---|
| Santosh Kumar Agrawal |
| Sunil Kumar Agrawal |
Esconet Technologies Lead Manager to the Issue
Corporate Capital Ventures Private Limited
smeipo@ccvindia.com
Esconet Technologies Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Esconet Technologies Strengths
Partnerships and alliances
The company is boosting competitiveness in the ever-changing field of server manufacturing through strategic collaborations with technology companies, software vendors, and cloud service providers. It has partnerships with organisations such as NVIDIA, CISCO, etc
Marque clients
The company has worked with various well-known public and private sector enterprises and served them with IT-related services. Some of them include Bharat Electronics, Engineers India, Hindustan National Glass & Industries
Esconet Technologies Risks
Negative cash flows
The company has experienced negative cash flows, and any negative cash flows in the future could adversely affect the financial conditions and results of operations
Dependent on government projects
A significant portion of the company's revenues from operations for the last three years has been generated from government projects. Any loss of business from this sector may adversely affect the revenues
IPO FAQs
The promoters of the company are Santosh Kumar Agrawal and Sunil Kumar Agrawal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 80.0 - 84.0.
The IPO application opens on Feb 16, 2024 and closes on Feb 20, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 134,400.0.
This IPO will be allotted on Feb 21, 2024.
The refund will be credited to your account on Feb 22, 2024.
The allotted shares will be credited to your demat on Feb 22, 2024.
Esconet Technologies Ltd.’s shares listed on the stock exchanges on Feb 23, 2024.