Esconet Technologies Limited IPO

Apply 0
Avoid 0

Esconet Technologies Private Limited: A Comprehensive IT Solutions Provider

Founded in 2012, Esconet Technologies Private Limited specializes in a wide array of IT solutions, including supercomputing, data center services, network security, virtualization, and data protection. Offers services tailored to SMEs, large enterprises, and public sector clients, enhancing their IT infrastructure experience.

Strategic Expansion with ZeaCloud Services

  • Esconet broadens its service offerings through ZeaCloud Services, a subsidiary dedicated to cloud services, to ensure clients access to the latest in technology.
  • Focuses on providing cutting-edge cloud solutions, including disaster recovery services, managed cloud services, and DaaS.

Prestigious Clientele and Commitment to Excellence

  • Esteemed clientele includes the Ministry of Defence, National Informatics Centre, Indian Institute of Technology, Bharat Electronics Limited, and many more.
  • Demonstrates Esconet’s commitment to excellence, innovation, and comprehensive client support.

HexaData: Specializing in High-End Computing Solutions

Introduction of HexaData, specializing in servers, workstations, and storage systems, marks a pivotal step in Esconet’s growth. Strategic partnership with NVIDIA enhances capabilities in AI and ML, solidifying Esconet’s position in advanced computing technologies.

Comprehensive Product and Service Offerings

  • Esconet offers a wide range of IT solutions, from system integration services to customized IT infrastructure tailored to client needs.
  • Products under the HexaData brand provide unmatched computational power, optimized for AI/ML applications, advanced graphics, and enterprise-grade performance.

Leveraging AI and ML Across Industries

Utilizes AI and ML for automation, marketing, scalability, and enhanced decision-making, powered by cloud computing. Offers scalable solutions for AI and ML workloads, accessible AI/ML tools, and innovative data management techniques.

Conclusion:

Esconet Technologies stands as a leader in providing innovative and comprehensive IT solutions. With a focus on cutting-edge technology and tailored client strategies, Esconet empowers businesses to navigate the rapidly evolving tech landscape efficiently.

Objects of the Esconet Technologies Limited IPO:

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects: i. The working capital requirement of the company, ii. Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses, and iii. General Corporate Expenses.
DRHP of Esconet Technologies Limited IPO
RHP of Esconet Technologies Limited IPO

Esconet Technologies Limited IPO Details:

Open Date: Feb 16 2024
Close Date: Feb 20 2024
Total Shares: 3,360,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 28.22 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 80 - 84 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 23 2024

Promoters And Management:

Mr. Santosh Kumar Agrawal is a visionary entrepreneur who, at 54, has transformed Electro Sales Corporation into Esconet Technologies by leveraging his expertise in IT infrastructure, cloud computing, and data security. With a deep commitment to technology, innovation, and ethical business practices, Santosh is renowned for his solutions in private and hybrid cloud solutions, making him a distinguished figure in the IT domain. Mr. Sunil Kumar Agrawal, 45, is a dynamic second-generation entrepreneur with a background in commerce and law. Since 2003, he has been instrumental in evolving Electro Sales Corporation into Esconet Technologies, where his talents in server architecture have led to bespoke solutions for AI and Machine Learning applications. Sunil's customer-centric philosophy and skills in vendor management highlight his adaptability in the ever-changing tech landscape. Mr. Vineet Agrawal, at 27, stands out as a dynamic third-generation entrepreneur and the Director of Esconet Technologies Pvt. Ltd. With his remarkable sales and marketing acumen, dedication to excellence, and a robust work ethic, Vineet has carved a niche for himself in the company. His youthful enthusiasm and innovative approach signal a promising trajectory for the company's future in the IT infrastructure solution sales and services sector.

Financials of Esconet Technologies Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
6M-FY24
Revenue from Operations 4,412 6,856 9,466 7,128
Other Income 8 3 32 5
Total Revenue 4,420 6,859 9,498 7,133
Purchases 3,799 5,649 7,610 6,134
Change in Inventories -140 0.7 -271 -510
Employees Benefit Expenses 413 453 510 250
Other Expenses 337 554 1,011 739
EBITDA 11 202 637 520
Depreciation & Amortisation 44 65 76 30
Finance cost 72 77 115 81
EBIT -32 137 561 490
OPM (%) 0.26% 2.95% 6.71% 7.29%
PBT -105 60 446 410
Tax -4 -12 142 105
PAT -100 72 304 304
NPM (%) -2.27% 1.05% 3.20% 4.27%
No.of Shares 123.60 123.60 123.60 123.60
EPS -0.81 0.58 2.45 2.46
 

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Esconet Technologies Limited 95 3 2.45 34.2 84 104
E2E Networks Limited 66 10 6.85 65.2 788 1,141
Netweb Technologies India Limited 445 47 N/A 138.0 1,392 7,807
* All the data is as per FY23.

Recommendation on Esconet Technologies Limited IPO:

To be updated shortly.

Lead Manager of Esconet Technologies Limited IPO:

  1. Corporate Capital Ventures Private Limited

Registrar of Esconet Technologies Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Esconet Technologies Limited D-147, Okhla Industrial Area Phase 1, South Delhi, New Delhi – 110020 Phone: +91 9311881642 Email: cs@esc.co.in Website: https://www.esc.co.in/

Discussion on Esconet Technologies Limited IPO:

Leave a Reply