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Esconet Technologies Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Esconet Technologies Ltd IPO

Registered Office: D-147 Okhla Industrial Area -,Phase 1 South Delhi , New Delhi - 110020 , New Delhi , India.
Phone : +91 93118 81642   Fax:
Email :  cs@esc.co.in  
Website :  https://www.esc.co.in
Public issue of 33,60,000 equity shares of face value of (Rs)10 each ("Equity Shares") of Esconet Technologies Limited (the "Company" or the "Issuer") for cash at a price of (Rs)84 per equity (the "Issue Price") aggregating to (Rs)28.22 crores ("The Issue") comprising of a fresh issue of 33,60,000 equity shares aggregating to (Rs)28.22 crores (the "Fresh Issue") of which 1,76,000 equity shares aggregating to (Rs)1.48 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 31,84,000 equity shares aggregating to (Rs)26.74 crores (the "Net Issue"). The issue and the net issue will constitute 27.18% and 25.76% respectively of the post issue paid up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
16-Feb-24 20-Feb-24 (Rs)84.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  (Rs Cr) Lead Managers to the Issue
Project Cost 25.19
Corporate Capital Ventures Pvt Ltd
Project Financed through Current Offer 28.22  
Post Issue Equity Share Capital 12.36  
Issue Price (Rs)84.00  
 
Projects
Working capital requirement of the company Esconet Technologies LtdGeneral corporate expenses
Investment in wholly owned subsidiary viz "Zeacloud Services Pvt Ltd" to fund its capital expenditure expenses
Promoted By
Santosh Kumar Agrawal  
Sunil Kumar Agrawal  
Vineet Agrawal  
Listing At
NSE - SME 
Registrar to the Issue
Skyline Financial Services Pvt