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Open
16 Feb 2024
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Close
20 Feb 2024
3
Allotment
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Listing
Fri, Feb 23, 2024
Price Band
₹80 to ₹84
Issue Size
33,60,000 shares (agg. up to ₹28 Cr)
Lot Size
1,600 Shares
Listing Date
Fri, Feb 23, 2024
Latest GMP
₹100
Est. Gain
119.05%
✦ AI Insight
GMP Trend
23-02-2024₹100Est. ₹184+119.05%
22-02-2024₹100Est. ₹184+119.05%
21-02-2024₹90Est. ₹174+107.14%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 351.76x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 42.60 | 27.98 |
| Total Income | 71.47 | 96.91 |
| Profit After Tax | 3.05 | 3.04 |
| NET Worth | 9.03 | 5.54 |
| Reserves and Surplus | 8.25 | 4.77 |
| Total Borrowing | 10.09 | 11.04 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Brisk Technovision Ltd. | SME | ₹12.48 Cr | ₹156 | 15.69 | ₹183.75 | +17.79% | ₹86.00 (+2.38%) |
| Newjaisa Technologies Ltd. | SME | ₹39.93 Cr | ₹47 | 15.51 | ₹70.80 | +50.64% | ₹16.90 (+0.00%) |
| Rashi Peripherals Ltd. | Mainboard | ₹600.00 Cr | ₹311 | 11.75 | ₹321.50 | +3.38% | ₹760.50 (-1.91%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement of the company “Esconet Technologies Limited | 16.00 |
| 2 | Investment in Wholly Owned Subsidiary, viz. “Zeacloud Services Private Limited”, to fund its capital expenditure expenses. | 2.50 |
| 3 | General Corporate Expenses | 6.69 |
About Esconet Technologies IPO
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 client
Contact Details
Esconet Technologies Ltd. AddressD-147, Okhla Industrial AreaPhase 1New Delhi, New Delhi, 110020+91 9311881642cs@esc.co.inVisit Website