Esconet Technologies IPO allotment expected today: Here’s how to check status

Posted under: MSME
Date: 2024-02-22
Esconet Technologies IPO allotment expected today: Here’s how to check status

Esconet Technologies Ltd, a New Delhi-based small and medium enterprise, has received a significant response from investors during its initial public offering (IPO). The IPO, which consists of 33.6 lakh equity shares, was oversubscribed by 471 times at the end of the final day of bidding. The non-institutional investors (NIIs) segment saw the highest subscription of 868 times, bidding for 41.56 crore shares. The QIB segment received bids for over 9.93 crore shares, while the retail category saw a subscription of 553 times. Investors in the Esconet Technologies IPO are awaiting share allotment status, expected to be finalized on February 21. The IPO price range is ₹80-84 per share, with a lot size of 1,600 shares. Retail investors need to bid for a minimum of 1,600 shares, resulting in an investment of ₹1.3 lakh, and high networth individuals need to bid for two lots, resulting in ₹2.68 lakh.

Read more at: upstox.com