February 23, 2024
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Esconet Technologies IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Esconet Technologies IPO Post Listing Review :
On 23th February, the scrip is listed at Rs.294, compared to the Issue-price of Rs.84, at a premium of 245.24%. The listing has been much above the expectations of the grey market players. One of the reason for such impressive listing is very reasonable valuation at which the shares were offered.
What is the last GMP of Esconet Technologies IPO?
Premium: Rs. 93
Subject to Rs.113600
Check Subscription status of Esconet Technologies IPO
On 20 February 2024 5.00 am (Day 3) (Closed)
Review: Good response now
QIB: 1768000 Shares 156.02 T
NII: 530400 Shares 868.05 T
RII: 1237600 Shares 553.02 T
Total: 3536000 Shares 507.24 T
What is the business of Esconet Technologies?
Recognizing the demand in the Indian market, Esconet introduced its brand, HexaData, specializing in high-end Servers, Workstations, and storage systems. Additionally, Esconet’s strategic collaboration with NVIDIA has resulted its growth in the Artificial Intelligence (AI) and Machine Learning (ML) domain, enhancing its servers and workstations.
In 2022, with a view to expand the services horizon, the promoters of Esconet established ZeaCloud Services Private Limited (Hereinafter refer as “ZeaCloud Services”) and later on in 2023 acquired ZeaCloud Services through a Share Swap arrangement as a wholly owned subsidiary. ZeaCloud Services, specializes in providing a comprehensive range of cloud-based services through their brand name Availablous to meet various business needs such as disaster recovery services, managed cloud services, private cloud, DaaS services.
Get more information about the company @ https://www.esc.co.in/
| Esconet Technologies IPO Details | |
| IPO opens on | 16 February 2024 |
| IPO closes on | 20 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3360000 Sh /Rs 28.22 Cr |
| * Fresh Issue | 3360000 Sh /Rs 28.22 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 176000 Sh. |
| Net offer to Public | 3536000 Sh./Rs.29.70 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 80-84 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Esconet Technologies IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1768000 | 14.85 |
| NII (15%) | 530400 | 4.45 |
| RII (35%) | 1237600 | 10.40 |
| Total Shares | 3536000 | 29.70 |
| Retail portion will be oversubscribed by | 774 | |
| Forms | ||
| How much Shares to Apply in Esconet Technologies IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 134400 |
| Min HNI Application | 3200 Sh | Rs.268800 |
Who are the Promoters of Esconet Technologies IPO?
Mr. Santosh Kumar Agrawal and Mr. Sunil Kumar Agrawal are the promoters of the company.
What are the Objects of Esconet Technologies IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
The working capital requirement of the company,
Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses, and
General Corporate Expenses.
| Esconet Technologies IPO Tentative timetable | |
| IPO opens on | 16 February 2024 |
| IPO Closes on | 20 February 2024 |
| IPO Allotment on | 21 February2024 |
| Refund Initiation | 22 February 2024 |
| Credit of Shares | 22 February 2024 |
| Listing on | 23 February 2024 |
| Registered Office of the Company Esconet Technologies Limited D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020 |
| Who is the Lead Manager of Esconet Technologies IPO? Corporate Capitalventures Pvt Ltd |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
| Esconet Technologies IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | – | – | – | – |
| 2021-22 | – | – | – | – |
| 2022-23 | 96.91 | 3.04 | 39.63 | 54.83 |
| Book Value of the Share on | 31.03.2023 | Rs 23.22 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 84 | |||
| Esconet Technologies IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 2.11 |
| Price/BV Ratio | 3.62 |
| Upper price/BV after IPO | |
How Esconet Technologies IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Esconet Technologies IPO To the point Guidance
Recognizing the demand in the Indian market, Esconet introduced its brand, HexaData, specializing in high-end Servers, Workstations, and storage systems. Additionally, Esconet’s strategic collaboration with NVIDIA has resulted its growth in the Artificial Intelligence (AI) and Machine Learning (ML) domain, enhancing its servers and workstations.
Size: The net size of the IPO is Rs. 29.70 Cr comprising of 3536000 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just 774 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 5.98 Cr, so huge oversubscription possible.
Financial Snapshot: The total income has shot up to Rs. 96.91 cr and net profit has moved up sharply to Rs. 3.04 in the year 2022-23, a year prior to the IPO. If the company is able to maintain this level of profitability, then IPO is reasonably priced. You may take some clue from the grey market and the decide.
Quicklinks
Esconet Technologies IPO GMP Detail IPO GMP today details?
Esconet Technologies IPO
Esconet Technologies IPO FAQs
What is Esconet Technologies IPO?
Esconet Technologies IPO is a SME IPO of 3360000 equity shares of the face value of Rs. 10 aggregating up to Rs.28.22 Crores. The issue is priced at Rs.80-84 per share. The minimum order quantity is 1600 Shares.
When will Esconet Technologies IPO open?
Esconet Technologies IPO opens on February ?, 2024, and closes on February ?, 2024.
What is the lot size of Interiors and More IPO?
Esconet Technologies IPO lot size is 1600 Shares, and the minimum amount required is Rs.134400.
How to apply for Esconet Technologies IPO?
You can apply in Esconet Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Esconet Technologies IPO allotment?
The finalization of Basis of Allotment for Esconet Technologies IPO will be done on February ?, 2024, and the allotted shares will be credited to your demat account by February ?, 2024.
When is Esconet Technologies IPO listing date?
Esconet Technologies IPO listing date is not yet announced. The tentative date of Esconet Technologies IPO listing is February ?, 2024.
