Esconet Technologies Limited-Logo

Esconet Technologies Limited

ESCONET

80-84

per share
Bidding Dates
16-20 Feb
Min. Investment
₹1,28,000.00
Lot Size
1600 shares
Issue Size
₹28.22 Cr
IPO Timeline
Bidding starts
16 Feb ‘24
Bidding ends
20 Feb ‘24
Allotment finalisation*
21 Feb ‘24
Refund initiation*
22 Feb ‘24
Demat transfer
22 Feb ‘24
Listing
23 Feb ‘24
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About  Esconet Technologies Limited

Incorporated 2012, Esconet Technologies Limited is engaged in the business of meeting a wide range of IT requirements such as high-performance supercomputing solutions, data centre facilities, encompassing storage servers, network security, virtualization, and data protection. Their comprehensive solutions cater to the needs of SMEs, large enterprises, and public sector clients. Furthermore, Esconet extend its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring that our clients have access to cutting-edge technology and a seamless IT infrastructure experience 

Throughout this journey, Esconet has garnered not only experience but also the pool of clientele base of private and public sector organizations. This positive evolution showcases theircommitment to excellence, innovation, and comprehensive client support. As a trusted partner, they are delivering not just solutions, but tailored strategies that empower our clients to thrive in the rapidly evolving landscape of technology.

Recognizing the demand in the Indian market, Esconet introduced its brand, HexaData, specializing in high-performance Servers, Workstations, and storage systems. Additionally, Esconet's strategic collaboration with NVIDIA has resulted their growth in the Artificial Intelligence (AI) and Machine Learning (ML) domain, enhancing theirservers and workstations.Esconet provides a wide range of System Integration services that involves total IT solutions including hardware, network and software implementations. Considering customer's requirements Esconet also provide tailor-based services that shall 112 be aligned as per the operational requirement and objective of our respective client.

As Esconet Technologies Limited prepares for its highly anticipated Initial Public Offering (IPO), the company has meticulously outlined the strategic allocation of proceeds from the Fresh Issue to ensure optimal utilization and sustainable growth.

  • Working capital requirement of our company “Esconet Technologies Limited”
  • Investment in Wholly Owned Subsidiary, viz. “Zeacloud Services Private Limited”, to fund its capital expenditure expenses.
  • General Corporate Expenses.

Here are key details about the Esconet Technologies Limited IPO:

Company Name Esconet Technologies Limited   Esconet Technologies Limited IPO Opening Date  February 16, 2024
Company Established On 2012   Esconet Technologies Limited IPO Allotment Status February 21, 2024
Esconet Technologies Limited IPO Closing Date  February 20, 2024   Esconet Technologies Limited IPO Listing Date February 23, 2024 
Credit of Shares to the Demat Account  February 22, 2024   Esconet Technologies Limited IPO Lot Size 1600 Shares
Esconet Technologies Limited IPO Face Value ₹10 per share   Esconet Technologies Limited IPO to be Listed on  NSE
Esconet Technologies Limited IPO Issue Size  ₹28.22 Cr   Esconet Technologies Limited IPO Price band  ₹80 to ₹84 per share

 

 

IPO analysis

Registrar information
Name
Skyline Financial Services Private Ltd
Phone number
02228511022
Email ID
ipo@skylinerta.com
Red herring prospectus
View documents submitted by company in filing to understand more details about them.

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