Esconet Technologies Limited

Company Profile
Company Name Esconet Technologies Limited
Open Date 16-02-2024
Close Date 20-02-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹80 to ₹84 per share
Issue Size 33,60,000 shares
Application Amount ₹1,34,400
Recommendation May Apply
Esconet technologies Limited was incorporated on March 30, 2012, with the Registrar of Companies, Delhi. It is a business engaged in meeting a wide range of IT requirements such as high - performance supercomputing solutions, data centre facilities, etc. The company offers a wide range of tailor – based server solutions, workstations, data storage solutions, backup and disaster recovery solutions. The company caters to SMEs, large enterprises, and public sector clients. Furthermore, Esconet extend its capabilities into the cloud services through its wholly owned subsidiary, ZeaCloud Services. The Company employs 47 people at various levels as of November 30, 2023 on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 1,748.4 2,587.76 2,761.59 4252.67
Net Assets 178.09 250.45 554.47 893.37
Total Borrowings 634.85 774.83 1,103.89 1,008.94
Total Revenue 4,420.34 6,589.37 9,497.54 7,132.90
Profit After Tax -100.48 72.36 304.02 304.48

Tentative Timeline

Opening Date 16-02-2024
Closing Date 20-02-2024
Basis of Allotment 21-02-2024
Initiation of Refunds 22-02-2024
Credit of Shares to Demat 22-02-2024
Listing Date 23-08-2024

Objects of the Issue

The working capital requirements of the company.
Investment in Wholly Owned Subsidiary, Zeacloud Services Private Limited, to find its capital expenditure expenses.
General Corporate Expenses.

Contact Information

Registered Office Esconet Technologies Limited D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020
Phone +91 9311881642
Email cs@esc.co.in
Website https://www.esc.co.in/

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered 953,600 (28.38%)
Market Maker Shares Offered 176,000 (5.24%)
QIB Shares Offered 636,800 (18.95%)
NII (HNI) Shares Offered 478,400 (14.24%)
Retail Shares Offered 1,115,200 (33.19%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 89.18%
Share Holding Post Issue (Promoters) 64.94%

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