31 Mar 2023
Assets27.98
Total Income96.91
Profit After Tax3.04
NET Worth5.54
Reserves and Surplus4.77
Total Borrowing11.04
At a glance
Updated 2026-08-24The shares listed at ₹290.00, a 245.24% move from the issue price. Esconet Technologies is a SME IPO with an issue size of ₹28.22 crore, proposed for listing on NSE SME. The offer opens on 16th Feb 2024 and closes on 20th Feb 2024. The issue structure includes a fresh issue of ₹26.75 crore. The current listing schedule points to 23rd Feb 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹28.22 Cr
Fresh issue₹26.75 Cr
Face value₹10
Price band₹80.00–₹84.00
Allotment21st Feb 2024
Listing23rd Feb 2024
Listing performance
Full performance ↗Issue price₹84.00
Listing price₹290.00
Current price—
Listing gain245.24%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹100.00
GMP / upper price119.05%
Est. listing₹184.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens16th Feb 2024
Closes20th Feb 2024
Allotment21st Feb 2024
Refund22nd Feb 2024
Demat22nd Feb 2024
Listing23rd Feb 2024
Subscription demand
Full bidding ↗Total507.24×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1600 | ₹134,400 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Working capital requirement of the company “Esconet Technologies Limited | ₹16.00 Cr |
| Investment in Wholly Owned Subsidiary, viz. “Zeacloud Services Private Limited”, to fund its capital expenditure expenses. | ₹2.50 Cr |
| General Corporate Expenses | ₹6.69 Cr |
Financials
Full financials ↗30 Sep 2023
Assets42.60
Total Income71.47
Profit After Tax3.05
NET Worth9.03
Reserves and Surplus8.25
Total Borrowing10.09
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
| Price to Book Value |
Valuation & shareholding
Pre-IPO EPS39.63
Post-IPO EPS4.94
Pre-IPO P/E24.87
Post-IPO P/E16.99
Promoter holding pre89.18%
Promoter holding post64.94%
Market cap₹103.82 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Issue Management Fees | ₹0.30 Cr |
| Selling and Distribution Fees | ₹1.19 Cr |
| Underwriting Commission | ₹1.19 Cr |
| Advertising and marketing expenses | ₹0.15 Cr |
| Fees payable to Registrar to the Issue | ₹0.01 Cr |
| Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | ₹0.00 Cr |
| Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | ₹0.00 Cr |
| Printing and distribution of issue stationery | ₹0.01 Cr |
| Listing fees | ₹0.01 Cr |
| NSE Processing | ₹0.00 Cr |
| Book Building software fees | ₹0.04 Cr |
| Other regulatory expenses | ₹0.12 Cr |
| Fees payable to legal counsel | ₹0.01 Cr |
| Miscellaneous | — |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Corporate Capital Ventures Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.