Esconet Technologies Limited

About the company

## **About  Esconet Technologies Limited** Incorporated 2012, Esconet Technologies Limited is engaged in the business of meeting a wide range of IT requirements such as high-performance supercomputing solutions, data centre facilities, encompassing storage servers, network security, virtualization, and data protection. Their comprehensive solutions cater to the needs of SMEs, large enterprises, and public sector clients. Furthermore, Esconet extend its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring that our clients have access to cutting-edge technology and a seamless IT infrastructure experience Throughout this journey, Esconet has garnered not only experience but also the pool of clientele base of private and public sector organizations. This positive evolution showcases theircommitment to excellence, innovation, and comprehensive client support. As a trusted partner, they are delivering not just solutions, but tailored strategies that empower our clients to thrive in the rapidly evolving landscape of technology. Recognizing the demand in the Indian market, Esconet introduced its brand, HexaData, specializing in high-performance Servers, Workstations, and storage systems. Additionally, Esconet's strategic collaboration with NVIDIA has resulted their growth in the Artificial Intelligence (AI) and Machine Learning (ML) domain, enhancing theirservers and workstations. Esconet provides a wide range of System Integration services that involves total IT solutions including hardware, network and software implementations. Considering customer's requirements Esconet also provide tailor-based services that shall 112 be aligned as per the operational requirement and objective of our respective client. As Esconet Technologies Limited prepares for its highly anticipated Initial Public Offering (IPO), the company has meticulously outlined the strategic allocation of proceeds from the Fresh Issue to ensure optimal utilization and sustainable growth. * Working capital requirement of our company “Esconet Technologies Limited” * Investment in Wholly Owned Subsidiary, viz. “Zeacloud Services Private Limited”, to fund its capital expenditure expenses. * General Corporate Expenses. Here are key details about the Esconet Technologies Limited IPO: Company Name| **Esconet Technologies Limited**|  | Esconet Technologies Limited IPO Opening Date| **February 16, 2024** ---|---|---|---|--- Company Established On|**2012**Esconet Technologies Limited IPO Price band|**₹80 to ₹84 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   16 Feb 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   20 Feb 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   18 Feb 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   22 Feb 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   21 Feb 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   23 Feb 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.