Esconet Technologies Limited IPO Closed

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IPO date 16 Feb 2024 – 20 Feb 2024
Listing date 23 Feb 2024
Price range 80 – 84
Minimum order quantity 1600
(D)RHP View

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Esconet Technologies Limited is launching its IPO. The IPO opens for subscription on 16th February 2024 and will close on 20th February 2024.

Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.

What does Esconet Technologies Limited do?

Founded in 2012, Esconet Technologies Limited is engaged in meeting a wide range of IT requirements such as high-performance supercomputing solutions, data center facilities, storage servers, network security, virtualization, and data protection.

Esconet’s clientele includes the Ministry of Defence, National Informatics Centre-MeitY, National Informatics Centre Services Inc-MeitY, Indian Institute of Technology, BEL, ONGC, EIL, Indraprastha Institute of Technology Limited, and many more.

The company also extended its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring a seamless IT infrastructure experience for its clients.

Recognizing the demand in the Indian market, Esconet introduced its brand, HexaData, specializing in high-performance Servers, Workstations, and storage systems.

Schedule/Timeline of Esconet Technologies Limited IPO

Issue Period 16th February to 20th February 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment February 21, 2024
Initiation of Refunds February 22, 2024
Credit of Shares February 22, 2024
Date of Listing February 23, 2024
Mandate end date March 06, 2024
Anchor Investors Lock-In End Date (50% of the investment) March 22, 2024
Anchor Investors Lock-In End Date (Remaining investment) May 21, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Esconet Technologies Limited IPO?

You can apply for the Esconet Technologies Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Esconet Technologies Limited IPO?

You can check the allotment status for the Esconet Technologies Limited IPO on the website of the Registrar and Transfer agent.