IPO : Esconet Technologies Limited
Esconet Technologies Limited IPO
| SYMBOL | ESCONET |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Friday, February 16, 2024 |
| ISSUE CLOSES ON | Tuesday, February 20, 2024 |
| ISSUE PRICE | ₹80 to ₹84 per share |
| ISSUE SIZE | Up to Rs.28.22 Crores |
| FACE VALUE | Rs.10 per share |
Esconet Technologies IPO is a book built issue of Rs 28.22 crores. The issue is entirely a fresh issue of 33.6 lakh shares.
Esconet Technologies IPO opens for subscription on February 16, 2024 and closes on February 20, 2024. The allotment for the Esconet Technologies IPO is expected to be finalized on Wednesday, February 21, 2024. Esconet Technologies IPO will list on NSE SME with tentative listing date fixed as Friday, February 23, 2024.
| MINIMUM BID | 1600 shares |
| MINIMUM AMOUNT | Rs.134,400 |
| MAXIMUM BID | 1600 shares |
| MAXIMUM AMOUNT | Rs.134,400 |
| PROMOTER HOLDING | 64.94% (Post-issue) |
| LISTING DATE | Friday, February 23, 2024 |
| LISTING AT | NSE-SME |
Esconet Technologies IPO price band is set at ₹80 to ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800.
Objects of the Issue (Esconet Technologies IPO Objectives)
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- The working capital requirement of the company,
- Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses, and
- General Corporate Expenses.
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