IPO IPO-Synopsis
Esconet Technologies Ltd


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 :  www.esc.co.in
Public issue of 33,60,000 equity shares of face value of Rs10 each ("Equity Shares") of Esconet Technologies Limited (the "Company" or the "Issuer") for cash at a price of Rs84 per equity (the "Issue Price") aggregating to Rs28.22 crores ("The Issue") comprising of a fresh issue of 33,60,000 equity shares aggregating to Rs28.22 crores (the "Fresh Issue") of which 1,76,000 equity shares aggregating to Rs1.48 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 Rs26.74 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 Rs84.00-0.00 Rs0.00-0.00
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 Rs84.00  
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
Registrar to the Issue
Skyline Financial Services Pvt