Esconet Technologies shares lists at 245% premium

[{"selector":"#anim-dfdf4040-6d35-4f8f-8bf9-5dd1723b9b21","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Esconet Technologies enjoyed a great debut, listed for ₹290 on the NSE SME, a 245% premium over the issue price. The Esconet Technologies IPO was subscribed 507.24 times. By February 20, 2024, the public issue had been subscribed to 553.02 times in the retail category, 156.02 times in the QIB category, and 868.05 times in the NII category.

[{"selector":"#anim-35dcda70-b69f-43f0-9d02-bdeaa0dfc92e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8f541560-1cea-4dc2-bb3e-e9143ab97e2f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Esconet Technologies saw a strong debut More Details

The funds raised will be used by the company to fund its working capital needs as well as investments in Zeacloud Services, a subsidiary. The remaining funds will be applied to general corporate purposes.

[{"selector":"#anim-ed9acec1-8ac1-4991-b421-9eb0ad80b444 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.0061332464714133495%, -0.3829629818107654%) scale(1.4464285714285714)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-646ceb61-a7ea-4371-bb8a-e53b18bb177b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Objectives of the issue

Esconet Technologies offers high-end supercomputing solutions and data center facilities, such as storage servers, network security, virtualization, and data protection. The company provides servers and graphics workstations, data storage solutions, virtualization software, backup and disaster recovery solutions, data center and access networks, sophisticated software-defined networks, and analytics tools.

[{"selector":"#anim-eacb4a94-0abc-488a-be2d-2a03314e6ef0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.267948727305653e-15%, -8.794146659194824e-7%) scale(1.434782608695652)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-06661c8b-aeee-4901-a04a-fa1cacc607c3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] About company

[{"selector":"#anim-cd24ce1c-06ef-4c18-b550-0489ffefdc38 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8d9bddec-c048-449b-8b30-46c45d6d09c4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Skyline Financial Services Private Ltd is the Registrar and Corporate Capitalventures Pvt Ltd is the BRLM of the IPO Registrar and BRLM of the IPO

Check out more 5paisa webstories

[{"selector":"#anim-4894a865-5380-4d1b-9076-8de1485c1294","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15b93d18-e09f-468f-bec2-8c112d6bfeff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e26c807a-25a9-4124-b587-044382710549","keyframes":{"transform":["translate3d(0px, 453.05562%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More Web-Stories

[{"selector":"#anim-ad8ed988-b3e0-4f43-8f20-307cf80fcf8a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50a8f65b-cadf-4976-b321-7a6a7dad2331","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-419f7604-ebf2-456e-8b4a-2b99172b9815","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Click Here - Open Demat Account

Esconet Technologies shares lists at 245% premium

Published : 23 February 2024

The funds raised will be used by the company to fund its working capital needs as well as investments in Zeacloud Services, a subsidiary. The remaining funds will be applied to general corporate purposes.

Check out more 5paisa webstories

Swipe up