Esconet Technologies IPO - Review & Fundamental Analysis

Esconet Technologies IPO

Esconet Technologies IPO consists of a fresh issue of shares worth INR 28.22 crores. The company seeks funds to meet working capital requirements, invest in its subsidiary- Zeacloud Services Private Limited, and for general corporate purposes. 

Esconet Technologies Limited IPO  – Important Details

Esconet Technologies Limited IPO DateFebruary 16, 2024 to February 20, 2024
Esconet Technologies Limited IPO Listing DateFebruary 23, 2024
Esconet Technologies Limited IPO PriceINR 80-84 per share
Esconet Technologies Limited IPO Lot Size1600 Shares
Esconet Technologies Limited IPO Total Issue SizeINR 28.22 crores
Esconet Technologies Limited IPO Basis of AllotmentFebruary 21, 2024
Esconet Technologies Limited IPO Initiation of RefundsFebruary 22, 2024
Esconet Technologies Limited IPO Credit of Shares to DematFebruary 22, 2024
Esconet Technologies Limited IPO Issue TypeBook Built Issue IPO
Esconet Technologies Limited IPO Listing AtNSE SME

Esconet Technologies Limited IPO- Company Profile

Esconet Technologies Private Limited, founded in 2012, meets many IT requirements, such as high-performance supercomputing solutions, data center facilities, storage servers, network security, virtualization, and data protection.

The comprehensive solutions cater to the needs of SMEs, large enterprises, and public sector clients. Furthermore, Esconet extends its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring clients have access to cutting-edge technology and a seamless IT infrastructure experience.

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 in growth in the artificial intelligence (AI) and machine learning (ML) domains, enhancing servers and workstations.

Esconet Technologies Limited IPO – Fundamental Analysis

Esconet Technologies Limited’s pre-IPO financials indicate strong revenue growth, consistent profitability, and significant asset expansion. Despite a decrease in RoNW, the stable EPS and NAV suggest a solid investment opportunity within a rapidly expanding tech sector.