What is the issue size of Esconet Technologies Limited IPO?

The issue size of the Esconet Technologies Limited IPO is Rs. 28.22 cr

What is 'pre-apply' for Esconet Technologies Limited IPO?

Pre-apply will alow you to apply for the Esconet Technologies Limited IPO 2 days before the subscription period starts.

If I pre-apply for Esconet Technologies Limited IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Esconet Technologies Limited IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Esconet Technologies Limited IPO order is placed?

We will notify you when your Esconet Technologies Limited IPO order is placed with the exchange.

What are the open and close dates of the for Esconet Technologies Limited IPO?

Esconet Technologies Limited IPO will be open between 16 Feb - 20 Feb, 2024.

What is the lot size and minimum order quantity of the Esconet Technologies Limited IPO?

Esconet Technologies Limited IPO lot size is 1600 shares.

What are the allotment dates for the Esconet Technologies Limited IPO?

Esconet Technologies Limited IPO allotment date is 21 Feb, 2024. For Esconet Technologies Limited IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Esconet Technologies Limited IPO?

Esconet Technologies Limited IPO registrar is Skyline Financial Services Private Ltd. You can check Esconet Technologies Limited IPO allotment status on the website of the registrar.

Where is the Esconet Technologies Limited IPO getting listed?

The shares are proposed to be listed on NSE SME.

Esconet Technologies IPO

Esconet Technologies Limited

₹1,28,000 /1600 sharesMinimum Investment

Esconet Technologies  IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹84.00₹290.00₹206.00 (245.24%)
Esconet Technologies  IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
16 Feb ‘24 - 20 Feb ‘24₹1,28,0001,600₹80 - ₹84
Issue SizeIPO Doc
28.22CrRHP PDF
About Esconet Technologies Esconet Technologies Limited is an IT company that offers supercomputing solutions and data center facilities including network security, storage servers, data protection and virtualization. The company’s clientele includes SMEs, large organizations and also public sector companies.
It offers servers and graphics workstations, email communication systems, data centre and access networks, backup and disaster recovery solutions, virtualization software, data storage solutions, advanced software-defined networks, network security tools, analytics software, etc. Through its wholly-owned subsidiary, ZeaCloud Services, Esconet also offers cloud services to its clients. Esconet introduced its brand, HexaData, to offer high-end servers, workstations, and storage systems. ;
Parent Organisation
Esconet Technologies Limited
Founded
2012
Managing Director
Mr. Santosh Kumar Agrawal
Strengths & Risks
The company has collaborated with NVIDIA and CISCO to establish its presence in server manufacturing. This collaboration is expected to help the business with innovation, extended global reach, and catering to evolving market needs.
As per the company, it has maintained long-standing customer relationships for repeat business and enabling cross-selling of products and services. Some of the company’s clients include Bharat Electronics Ltd., Engineers India Ltd., Ministry of Defence, Hindustan National Glass & Industries Ltd., Indian Institute of Technology, and Indian Oil Corporation Ltd. 
Company’s revenue from operations was Rs. 44.12 cr, Rs. 68.56 cr and Rs. 94.66 cr in FY 2021, 2022 and 2023. Its Profit after tax was Rs. 0.72 cr in 2022 versus a loss of Rs. 1.00 cr in 2021. For the year ended March 31, 2023, the company’s profit after tax was Rs. 3.04 cr. 
The company has availed bank guarantees and cash credits worth Rs. 12.50 cr from banks. In case of default in repayment of the loans/facilities/interest payment by the company, there may be significant adverse effects on its business, financial condition or results of operations. 
The company is significantly dependent on its top five clients for revenues. Its top 5 clients contributed approximately 41.35 %, 37.93% and 32.91% to revenues from operations for the year ended March 31, 2023, March 31, 2022 and March 31, 2021 respectively. Any loss of business from one or more of them may adversely affect its revenues and profitability.
The company has experienced negative cash flow from operations in the past. Its cash flow from operating activities was Rs. (0.22) cr for the financial year ended March 31, 2021 and Rs. (1.71) cr for financial year ended March 31, 2023. If it is not able to generate sufficient cash flows, it may adversely affect the business and financial operations.
It has availed unsecured loan of Rs. 6.72 cr which are repayable on demand. Any demand from the lenders for repayment of such unsecured loan may affect its financial condition.
The company is involved in certain legal proceedings. Any adverse decision in such a proceeding could adversely affect the business and results of operations.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹80 - 84₹2 Lakh
High Networth Individual₹80 - 84₹2 - 5 Lakh
For Esconet Technologies IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹84.00	₹290.00	₹206.00 (245.24%)

Bidding Dates	Min. Investment	Lot Size	Price Range
16 Feb ‘24 - 20 Feb ‘24	₹1,28,000	1,600	₹80 - ₹84

Issue Size	IPO Doc
28.22Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹80 - 84	₹2 Lakh
High Networth Individual	₹80 - 84	₹2 - 5 Lakh

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