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Esconet Technologies Stuns Market: Shares Debut at 245% Above Issue Price!

Esconet Technologies wows the market as shares skyrocket 245% on debut, reaching Rs 290 from Rs 84. The astounding surge reflects robust demand for its IT solutions on NSE SME, making it a remarkable IPO success.
Esconet Technologies Stuns Market Shares Debut at 245% Above Issue Price!

Esconet Technologies’ IPO was met with exceptional investor interest, subscribing over 471 times, driven by strong demand from NII and retail categories. Specializing in IT solutions like supercomputing and data center services, its shares soared, debuting on the NSE SME platform at Rs 290, a 245% jump from the Rs 84 issue price. The pre-listing market had already seen the shares trading at a Rs 80 premium.

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Esconet Technologies Private Limited, established in 2012, specializes in providing a wide range of IT solutions, including supercomputing, data center facilities, storage servers, network security, virtualization, and data protection. Catering to SMEs, large corporations, and public sector clients.

Esconet also ventures into cloud services through ZeaCloud Services, a subsidiary. The company has expanded its market presence in India with its HexaData brand, offering high-performance servers and workstations, and storage systems. A strategic partnership with NVIDIA has further advanced Esconet’s capabilities in the AI and ML sectors, contributing to the development of enhanced servers and workstations.

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