Esconet Technologies IPO

Esconet Technologies Limited

₹1,28,000 /1600 sharesMinimum Investment

Esconet Technologies IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹84.00₹290.00₹206.00 (245.24%)

Esconet Technologies IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
16 Feb ‘24 - 20 Feb ‘24₹1,28,0001,600₹80 - ₹84
Issue SizeIPO Doc
28.22Cr
RHP PDF

About the company

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. ;
Founded in
2012
Managing director
Mr. Santosh Kumar Agrawal
Parent organisation
Esconet Technologies Limited

Strength and risks

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.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular80 - 84₹2 Lakh
High Networth Individual80 - 84₹2 - 5 Lakh
For Esconet Technologies IPO, eligible investors can apply as Regular.
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