Esconet Technologies Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 16, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 80 to ₹ 84 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 33,60,000 shares (aggregating up to ₹ 28.22 Cr) |
| Fresh Issue | 33,60,000 shares (aggregating up to ₹ 28.22 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 90,00,000 |
| Share holding post issue | 1,23,60,000 |
| Market Maker portion | 1,76,000 shares Ss Corporate Securities |
About Esconet Technologies Limited IPO
Esconet Technologies Limited is a leading system integrator in the IT infrastructure, cloud computing, managed services and data security sectors, has grown from a hardware and software vendor to a trusted advisor, manufacturer, integrator and service provider for numerous private and public sector organizations. Esconet is well-equipped to address the server, storage, network, security, virtualization and data protection requirements of SMEs, large enterprises, and public sector customers. Esconet Technologies IPO is a book built issue of Rs 28.22 crores.
The issue is entirely a fresh issue of 33.6 lakh shares. Esconet Technologies IPO price band is set at ₹80 to ₹84 per share. The minimum lot size for an application is 1600 Shares. Corporate Capital Ventures Pvt Ltd is the book running lead manager of the Esconet Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Esconet Technologies IPO is Ss Corporate Securities.
Objectives of Esconet Technologies IPO
The company intends to utilise the Net Fresh Issue Proceeds for the following Objectives:
- 1. The working capital requirement of the company.
- 2. Investment in Wholly Owned Subsidiary, viz. Zea Cloud Services Private Limited, to fund its capital expenditure expenses.
- 3. General Corporate Expenses.
Esconet Technologies Limited IPO Review
The company is in the business of providing IT related services and solutions. It marked growth in its top and bottom lines. From posting loss in FY21, it posted robust profits from FY23 onwards. The segment is getting crowded and competitive. Well-informed investors may park funds for the medium to long term rewards.
Esconet Technologies Limited IPO Financial Information
Latest Revenue
7,146.71
₹ Crore
Profit After Tax
305.47
₹ Crore
Net Worth
902.97
₹ Crore
Total Borrowing
1,008.95
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 4,260.46 | 7,146.71 | 305.47 | 902.97 | 1,008.95 | ||||
| 31 Mar 2023 | 2,798.37 | 9,690.84 | 304.00 | 554.47 | 1,103.89 | ||||
| Amount in ₹ Crore | |||||||||
Esconet Technologies Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 75.54% |
| ROCE | 59.11% |
| Debt/Equity | 1.99 |
| RoNW | 54.83% |
| P/BV | 1.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 39.63 | 4.94 |
| P/E (x) | 24.87 | 16.99 |
Frequently Asked Questions
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Competitive Strengths
Esconet Technologies Limited IPO Timeline
| 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
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |