Esconet Technologies Private Limited, founded in 2012, is engaged in the business of meeting a wide range of IT requirements such as high-end supercomputing solutions, data center 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 extends its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring that its clients have access to cutting-edge technology and a seamless IT infrastructure experience.
Esconet Technologies IPO Details: Esconet Technologies IPO date is fixed, The IPO will open on February 16 and will close on February 20. Esconet Technologies is a NSE SME IPO to raise ₹28.22 crores via IPO. The Esconet Technologies IPO price band is fixed at ₹80 to ₹84 with a market lot of 1600 shares.
Esconet provides a robust suite server solution meticulously crafted to cater to the diverse and evolving needs of enterprises. These solutions encompass cutting-edge hardware configurations, seamless networking, and secure storage options, providing a reliable foundation for businesses to build upon. In stride with the data-driven era, Esconet goes beyond conventional server services and integrates systematic machine learning tools and artificial intelligence into its portfolio.
Esconet provides a wide range of System Integration services that involve total IT solutions including hardware, network, and software implementations. Considering customers’ requirements Esconet also provides tailor-based services that shall be aligned with the operational requirements and objectives of their respective clients.
Objective of the Issue:
The working capital requirement of the company
Investment in Wholly Owned Subsidiary, viz. Zeacloud Services Private Limited, to fund its capital expenditure expenses
General Corporate Expenses
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