Esconet Technologies IPO

Esconet Technologies IPO offers INR 28.22 crores in fresh issues for working capital, subsidiary investment in Zeacloud Services, and general corporate needs.

Important Details

Date: Feb 16 to Feb 20, 2024 Listing Date: Feb 23, 2024 Price: INR 80-84 per share Lot Size: 1600 Shares Total Issue Size: INR 28.22 crores

Fundamental Analysis

Esconet Tech's pre-IPO shows strong revenue, consistent profitability, and significant assets. Stable EPS and NAV present a solid investment in the expanding tech sector.

Peer Comparison

Esconet Technologies RoNW 55%, EPS ₹39.63, surpasses E2E Networks in profitability. Outperforms Netweb Tech in earnings despite lower income.


Esconet Technologies IPO aims to address working capital, invest in its wholly-owned subsidiary, and fulfill general corporate objectives.

Risks And Challenges

Esconet Technologies IPO faces risks of 41% revenue from top 5 customers, government project contract vulnerability, IT industry obsolescence, third-party supplier reliance.

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