Esconet Technologies Ltd. has announced public offering of 3360000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 74.00 per share. The gross proceeds of the issue are expected to be Rs 2,822.40 lakhs.

The company's initial public offer (IPO) will open on 16 February 2024 and is expected to close on 20 February 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 80.00-84.00 per share.

The IPO includes a fresh Issue of 3360000 Equity Shares of the Company at an price of Rs 84.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Esconet Technologies Ltd. anticipates using the proceeds of the issue for .

Corporate Capitalventures Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.