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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹28.22 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹28.22 Cr |
| Fresh Issue | ₹26.75 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹80.00-84.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | ESCONET |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Corporate Capital Ventures Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||
| KPI | |
|---|---|
| ROE | 75.54% |
| ROCE | 59.11% |
| Debt / Equity | 1.99% |
| RoNW | 54.83% |
| PAT Margin | 3.21% |
| Price to Book Value | 1.16 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 39.63 | 4.94 |
| P/E (x) | 24.87 | 16.99 |
| Promoter Holding | 89.18% | 64.94% |
| Market Cap | ₹103.82 Cr. | |
