Esconet Technologies Ltd - IPO

Esconet Technologies Ltd IPO Details

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 Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 31,84,000 equity shares aggregating to Rs. 26.74 crores (the Net Issue). The issue and the net issue will constitute 27.18% and 25.76% respectively of the post issue paid up equity share capital of the company.

Objective of issue

Working capital requirement of the company Esconet Technologies Ltd. Investment in wholly owned subsidiary viz Zeacloud Services Pvt Ltd to fund its capital expenditure expenses. General corporate expenses.

Esconet Technologies Ltd Contact Details

Esconet Technologies Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@esc.co.in

Website - https:, www.esc.co.in