Esconet Technologies Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Esconet

CMP

193.20

-0.50 (-0.26%)

  • DRHP
₹84

Offer Price

₹ 28.22 Cr

Issue Size

₹ 1,34,400

Min Investment

1,600

Lot size

Time Line

  • 16
    Feb 2024
    Open
  • 20
    Feb 2024
    Close
  • 21
    Feb 2024
    Finalisation of Basis of Allotment
  • 22
    Feb 2024
    Initiation of Refunds
  • 22
    Feb 2024
    Transfer of Shares to Demat Account
  • 23
    Feb 2024
    Listing Date

Objects of the Offer

  • Continued focus on post sales services.

  • Provide tailor-based services as customer desires.

Products & Services

  • Esconet Technologies Limited is engaged in the business of meeting a wide range of IT requirements

Strengths

  • High-end clients.

  • Experienced Promoter and management team with strong industry expertise and successful track record.

  • Experienced Promoters (experience of over 20 years) .

  • Long term relationship with clients and repeat & diversified business.

  • Versatile, Technically Sound and young operation Team, which understands creativity at its excellence.

Risks

  • The Company has given commitments of Rs. 260.53 Lakhs on September 30, 2023 in respect to the assignments undertaken from the clients. The company cannot assure that there will be no default on its part in the future.

  • Its lenders have charged over the company movable properties and book debts in respect of finance availed by it.

  • Its top five clients contribute approximately 41.35 %, 37.93% and 32.91% of its revenues from operations for the year ended March 31, 2023, March 31, 2022 and March 31, 2021 respectively. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • A significant portion of its revenues from operations for the last 3 years is generated from Government Projects. Any loss of business from may adversely affect its revenues and profitability.

  • The company has experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
22.41%
Pre Holding

82.50%

Post Holding

60.09%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 3.18 (-) 96.59 (-) 55.00 (-)
Gross Profit 3.18 (-) 96.59 (-) 55.00 (-)
Net Income 3.18 (-) 96.59 (-) 55.00 (-)
Assets 3.18 (-) 96.59 (-) 55.00 (-)
Liabilities 3.18 (-) 96.59 (-) 55.00 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Esconet Technologies Ltd 96.59 3.18 17.21 11.67 55.00 41.51 72.24 2.39 0.64
E2E Networks Ltd 66.20 9.91 68.41 68.41 20.06 6.85 34.13 14.48 0.01
Netweb Technologies India Ltd 444.97 46.94 265.95 265.95 50.10 9.22 18.39 17.64 0.32

Book Running Managers

  • Corporate Capital Ventures Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

D-147 Okhla Industrial Area -,
Phase 1 South Delhi,
New Delhi - 110020
Phone : +91 93118 81642 Email : cs@esc.co.in https://www.esc.co.in

Offer Related Information

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... More

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