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 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 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.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.8.8
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW