IPO Synopsis

Esconet Technologies Ltd
Registered Office: D-147 Okhla Industrial Area -,Phase 1 South Delhi,New Delhi-110020, New Delhi
Tel. No: +91 93118 81642
Fax No:
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-2024 20-Feb-2024 ₹84.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of :1600
(₹ 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 84.00
Projects
Working capital requirement of the company Esconet Technologies Ltd
Investment in wholly owned subsidiary viz "Zeacloud Services Pvt Ltd" to fund its capital expenditure expenses
General corporate expenses
Promoted By
Santosh Kumar Agrawal
Sunil Kumar Agrawal
Vineet Agrawal
Listing At
NSE - SME
Registrar To The Issue