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Esconet Technologies IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Information Technology - Data Solutions sector. Corporate Capital Ventures Private is the merchant banker of Esconet Technologies IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th December 2023.
Esconet Technologies IPO open date is 16th February 2024 and close date is 20th February 2024. IPO Allotment Date is 21st February 2024 and Listing date is 23rd February 2024.Esconet Technologies IPO size is Rs 28.22 Cr. crores with IPO price of Rs 84.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Corporate Capital Ventures Private Limited is the book-running lead manager of the Esconet Technologies IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Ss Corporate Securities Limited for Esconet Technologies IPO.
Esconet Technologies IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Persistent Growth Fund- | 358,400.00 | ₹84.00 | ₹30,105,600.00 |
| Astrone capital VCC | 120,000.00 | ₹84.00 | ₹10,080,000.00 |
| India Max Investment | 238,400.00 | ₹84.00 | ₹20,025,600.00 |
| Craft Emerging Market | 236,800.00 | ₹84.00 | ₹19,891,200.00 |
Esconet Technologies IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Esconet Technologies IPO, based in New Delhi, operates in the Information Technology - Data Solutions sector with a focus on high-end supercomputing solutions. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Esconet Technologies IPO size is ₹ 28.22 Cr. Crores with fresh issue size of Rs 28.22 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Esconet Technologies IPO is expected to be 21st February 2024, after the finalization of basis of allotment. Investors can check Esconet Technologies IPO allotment status on the registrars website, Skyline Financial Services Private Limited. Esconet Technologies IPO refund dates are 22nd February 2024.
Esconet Technologies IPO is expected to be listed on 23rd February 2024.
The upper price band for the Esconet Technologies IPO is set at ₹ 84.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Esconet Technologies IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Esconet Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 20th February 2024. After submission, funds are blocked until the basis of allotment of Esconet Technologies IPO is finalised.
The merchant banker for Esconet Technologies IPO is Corporate Capital Ventures Private Limited . Corporate Capital Ventures Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Esconet Technologies IPO RHP for further details.
The registrar for Esconet Technologies IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Esconet Technologies IPO through their official website or helpline.
Esconet Technologies IPO was subscribed 507.24 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 28.22 Cr.
Avg IPO Size (Sector Based)
:
₹ 23.76 Cr.
Sector: Information Technology - Data Solutions
SME IPO so far:
48
Merchant Banker:
Corporate Capital
SME IPO by BRLM so far:
47
City:
New Delhi
SME IPO so far:
152
Revenue (annualised):
₹ 142.94 cr.
PE
Ratio:
16.99x
Average Sector PE Ratio: 18.61x
Esconet Technologies IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Esconet Technologies Financial Review Page
Merchant Banker(s) of Esconet Technologies IPO: Corporate Capital Ventures Private Limited
Esconet Technologies IPO subscription was 507.24 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Esconet Technologies IPO listed at a listing price of 275.50 against the offer price of 84.00.
The current market price of Esconet Technologies is 183.00.
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