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Esconet Technologies IPO
Price Band
₹80.0–84.0
Issue Size
₹28.22 Cr
Lot Size
1,600 shares
Min Investment
₹134,400
GMP
+₹100.0 (119.05%)
Issue Price
₹84.0
Subject to Sauda
₹121600
Paid only if allotted
Esconet Technologies IPO AI Summary
- Esconet Technologies IPO is listed on NSE SME in the Computers Hardware & Equipments sector.
- Price band: ₹80.0–₹84.0 per share, lot size 1,600 shares (min. investment ₹134,400).
- Subscription window: 16 Feb–20 Feb 2024, listing on 23 Feb 2024.
- Current GMP is +₹100.0 (119.05%), an estimated listing price of ₹184 — unofficial and can change daily.
Esconet Technologies Limited is set to launch its IPO with an issue price of ₹84.0, aiming to raise ₹28.22 Cr. The company has a diverse range of offerings in the computing and data center sector and has established a strong client base. The IPO opens on 16 February 2024 and is expected to generate interest due to its positive grey market premium.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Esconet Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 20 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Esconet Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹100.0
GMP %
+119.05%
Est. Listing
₹184.0
Updated: 25 Jul 2026 14:07
About the Company
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.
Company Financials (₹ Cr)
As of 2023-09-30
| 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 |
Key Ratios
EPS
₹39.63
NAV
₹23.22
ROE
75.54%
ROCE
59.11%
RoNW
54.83%
P/B Value
1.16
P/E Ratio
24.87
Market Cap
₹103.82 Cr
PAT Margin
3.21%
Debt/Equity
1.99
Peer Comparison
| Company | NAV | RoNW | EPS Basic | EPS Diluted | P/E (x) |
|---|---|---|---|---|---|
| Netweb Technologies India Limited | 18.39 | 68.01% | 9.22 | 9.07 | — |
| E2e Networks Limited | 34.13 | 20.06% | 6.85 | 6.77 | 26.11 |
| Esconet Technologies Limited This IPO | 72.24 | 55% | 39.63 | 39.63 | 24.87 |
Promoters
Santosh Kumar Agrawal and Sunil Kumar Agrawal
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹96.91 Cr for the period ending 31 Mar 2023, declining to ₹71.47 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹3.04 Cr for the period ending 31 Mar 2023, slightly increasing to ₹3.05 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Esconet Technologies Limited has an implied P/E of 24.87 at the issue price, compared to peers trading at a P/E range of 26.11. This indicates that Esconet is priced at roughly 0.95 times the trailing earnings of its peers.
Grey Market Premium, Explained
The grey market premium (GMP) refers to the unofficial trading of IPO shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often look at GMP as a gauge of market sentiment regarding the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is important to consider the company's financial health, market position, and growth potential before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may find IPOs like this less appealing, especially if they are concerned about market fluctuations and the uncertainties associated with new listings.
IPO Timeline, Explained
The IPO opens for subscription on 16 February 2024 and closes on 20 February 2024. Allotment of shares will be done by 21 February 2024, and the shares are expected to be listed on the stock exchange on 23 February 2024.
Listing Gains — The Risk
Listing gains refer to the profit made when shares are sold on the listing day at a higher price than the issue price. However, there are risks involved, as market conditions can change rapidly, and the stock may not perform as expected after listing. Investors should be cautious and consider the long-term potential of the company rather than focusing solely on short-term gains.
This evaluation is generated from Esconet Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Esconet Technologies IPO GMP today?
Esconet Technologies IPO GMP today is +₹100.0 (119.05%), indicating an estimated listing price of ₹184. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Esconet Technologies IPO?
The price band of Esconet Technologies IPO is ₹80.0–₹84.0 per share.
When does Esconet Technologies IPO open and close?
Esconet Technologies IPO opens on 16 February 2024 and closes on 20 February 2024.
When does Esconet Technologies IPO list on the stock exchange?
Esconet Technologies IPO listed on 23 February 2024 at ₹184.0.
What is the lot size for Esconet Technologies IPO?
The lot size for Esconet Technologies IPO is 1600 shares, requiring a minimum investment of ₹134,400.
What is the issue price of Esconet Technologies IPO?
The issue price of Esconet Technologies IPO is ₹84.0.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹134,400.
When is the listing date for the IPO?
The listing date for the IPO is 23 February 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Feb 2024
Close
20 Feb 2024
Allotment
21 Feb 2024
Listing
23 Feb 2024
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