Esconet Technologies Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,590,400 (47%) | — | ₹1,336 Cr |
| NII (HNI) | — | 478,400 (14%) | — | ₹402 Cr |
| Retail | — | 1,115,200 (33%) | — | ₹937 Cr |
| Market Maker | — | 176,000 (5%) | — | ₹15 Cr |
| Σ Total | — | 3,360,000 (100%) | — | ₹28,224 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹134,400 |
| Retail (Max) | 13 | 20,800 | ₹1,747,200 |
| S-HNI (Min) | 14 | 22,400 | ₹1,881,600 |
| B-HNI (Min) | 67 | 107,200 | ₹9,004,800 |
Financial Statements Amount in Rs Cr
| Metric | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| Revenue | 7,147 | 9,691 |
| Profit After Tax | 305 | 304 |
| Net Worth | 903 | 554 |
| Total Assets | 4,260 | 2,798 |
| Reserves & Surplus | 825 | 477 |
| Total Borrowing | 1,009 | 1,104 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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. –
Company Overview
Founded in 2012, Esconet Technologies Limited provides high-end supercomputing solutions, and data center facilities that include storage servers, network security, virtualization, and data protection.
The company offers Servers and Graphics Workstations, Comprehensive Data Storage Solutions, Virtualization Software, Backup and Disaster Recovery Solutions, Data Centre and Access Networks, Advanced Software Defined Networks, Network Security Tools, Email Communication Systems, Databases with High Availability, and Log Management and Analytics Software.
The company also provides service and after-sales services which include IT Hardware Installation & Configuration, Deployment and Seamless Integration of Diverse IT Infrastructure Software, Infrastructure Management & Monitoring, Expertise in Private Cloud Setup and Management, Annual Maintenance Services, Managed Backup and Disaster Recovery Solutions, Data Migration Services, and Expert Consulting Services.
The company also offers cloud-based services through its subsidiary ZeaCloud Services catering to various business needs, e.g. disaster recovery services, managed cloud services, private cloud, and DaaS services.
Esconet's clients include Ministry of Defence, National Informatics Centre-MeitY, National Informatics Centre Services Inc - MeitY, Indian Institute of Technology, Indraprastha Institute of Technology Limited, Bharat Electronics Limited, Oil & Natural Gas Commission Limited, Engineers India Limited and Hindustan National Glass & Industries Limited and many more.
As at November 30, 2023, the company had over 47 employees.