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Esconet Technologies Limited

Esconet Technologies Limited

listed
₹1.28LMin. investment

Esconet Technologies Limited IPO Details

Price range₹80.00 – ₹84.00
IPO type
SME
Lot size1600 shares
Issue size₹28.22Cr
RHP/DRHP
Read

Esconet Technologies Limited Timeline

  1. Bid start
    16 Feb 2024
  2. Bid end
    20 Feb 2024
  3. Allotment
    18 Feb 2024
  4. Release of funds
    22 Feb 2024
  5. Demat transfer
    21 Feb 2024
  6. Listing
    23 Feb 2024

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 NameEsconet Technologies Limited Esconet Technologies Limited IPO Opening DateFebruary 16, 2024
Company Established On2012Esconet Technologies Limited IPO Price band₹80 to ₹84 per share

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Esconet Technologies Limited Contact Details

Company NameEsconet Technologies Limited

How to apply for Esconet Technologies Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Esconet Technologies IPO FAQs

Investors can apply for the Esconet Technologies Limited through their Demat account via the stock exchange or through their broker.
The issue size of the Esconet Technologies Limited is 28.22 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Esconet Technologies Limited will be open between 2024-02-16 and 2024-02-20.
Esconet Technologies Limited allotment date is 2024-02-21. For Esconet Technologies Limited allotment status check, you can visit the website of the registrar of the IPO.
For Esconet Technologies Limited, the IPO registrar is Skyline Financial Services Private Ltd. You can check Esconet Technologies Limited allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Esconet Technologies Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Esconet Technologies Limited lot size is 1600 and minimum order quantity is 1600.
Esconet Technologies Limited has set the price band for its IPO at 84 per equity share with a face value of 10.