Esconet Technologies IPO: Check Out Price Band, Issue Size & More

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by Sandip Das on 16 February 2024,  5 min read

Esconet Technologies IPO: Check Out Price Band, Issue Size & More
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Esconet Technologies‘ initial public offering (IPO) became available for subscription on February 16, 2024, and will conclude on February 20, 2024. The price range for Esconet Technologies IPO is Rs 80 to Rs 84 per share. The lot size for the IPO is 1,600 shares, with a minimum investment requirement of Rs 1,34,400 for retail investors.

About the company

Esconet Technologies incorporated Esconet Technologies Private Limited in 2012 as a system integrator in the IT infrastructure, cloud computing, managed services, and data security sectors. It has grown from a hardware and software vendor to an advisor, manufacturer, integrator, and service provider for numerous private and public sector organizations.

Price Band

The price range for Esconet Technologies IPO is Rs 80 to Rs 84 per share.

Issue Size

The offering will consist of a new issuance of 33,60,000 equity shares. It has a face value of Rs 10 using the book-building method.

IPO’s Reserve Portion
  • Anchor Portion: 9.53 lakh equity shares
  • Market Makers: 1.76 lakh equity shares
  • High Networth Individuals: 4.78 lakh equity shares
  • Qualified Institutional Buyers: 6.36 lakh equity shares
  • Retail Portion: 11.15 lakh equity shares
Also read: Vibhor Steel Tubes IPO: Total Subscription of 297.81 Times, QIB Portion Booked 178.73 Times
Company Financials
Particulars Period ended Sept 30, 2023 (lakhs) Year ended March 31, 2023 (lakhs)
Revenue 7146.71 9690.84
Profit after tax 305.47 304.00
Objectives of the issue

Esconet plans to allocate Rs 16 crore from the IPO funds to support its long-term working capital needs. Additionally, it intends to invest Rs 2.5 crore in its wholly-owned subsidiary, ZeaCloud Services Private Limited, to acquire extra hardware and software.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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