Esconet Technologies Limited gets listed on the NSE Emerge Platform

New Delhi, 23rd February 2024 – Esconet Technologies Limited, a leading provider of IT Infrastructure solutions and manufacturer of servers and storage hardware under the brand HexaData, proudly announces its successful listing on the NSE Emerge platform. The company's shares made a remarkable debut at ₹290.00 per share , significantly above the initial public offering (IPO) price of ₹84.00 per share .

This significant milestone marks a new chapter in Esconet Technologies' journey, reflecting the company's solid growth trajectory, robust business model, and the overwhelming trust and support from investors, customers, and partners.

A Vote of Confidence from Investors

The IPO saw a historic level of oversubscription, a testament to the market's confidence in Esconet Technologies' vision, leadership, and potential for sustainable growth. This enthusiastic reception from investors not only underscores the strength of our business but also sets a solid foundation for our future endeavors.

Gratitude to Our Team and Stakeholders

Esconet Technologies extends its heartfelt gratitude to all employees for their dedication, hard work, and commitment to excellence. "Our team's innovative spirit and relentless pursuit of excellence have been instrumental in reaching this pivotal moment, " said Santosh Agrawal, Chairman of Esconet Technologies. "This achievement is a collective success that demonstrates our shared commitment to innovation and excellence."

Special thanks are also due to our stakeholders, including team-CCV, team-FortunaPR, team-MSMEx, team-TopFilings, and our CFO Himanshu Purohit and Compliance Officer Rajnish Pandey, for their invaluable contributions throughout the IPO process. Our auditors, Goel Mintri & Associates, played a crucial role in this achievement.

Appreciation for Our Partners and Customers

Our journey would not have been possible without the unwavering support and collaboration of our partners, including Dell Technologies, Intel, AMD, Nvidia, VMware, Microsoft, Cisco etc. Your faith in our capabilities has been a driving force behind our success.

To our esteemed customers, your trust and support have been the cornerstone of our success. We remain committed to delivering innovative and quality solutions that meet your evolving needs, reinforcing our dedication to excellence and customer satisfaction.

Looking Forward

As we embark on this exciting new phase, Esconet Technologies is more committed than ever to leveraging this opportunity to fuel our growth, innovate further, and deliver enhanced value to our customers, partners, and shareholders. We look forward to continuing our journey of excellence and innovation, with a clear focus on creating long-term value for all our stakeholders.