Esconet Technologies IPO received a stellar response from investors with an overall subscription of over 471 times at close. The overwhelming response was led by NII and retail investors whose categories were booked 800 and 500 times, respectively. The company is engaged in the business of meeting a wide range of IT requirements such as high-performance supercomputing solutions, data centre facilities, encompassing storage servers, network security, virtualization, and data protection.
Each lot of Esconet Technologies cost Rs 1,34,400 at the offer price and turned to Rs 4,64,000 on debut, delivering a solid listing gains of Rs 3,29,600 to the investors who received the allotment.
Investors can check the status of Esconet Technologies IPO allotment by logging in to the official website of the registrar, which is Skyline Financial Services in this case.