- Asconet Technologies IPO Details: Asconet Technologies IPO date has been finalized, the IPO will open on 16th February and close on 20th February. Asconet Technologies is an NSE SME IPO which will raise Rs 28.22 crore through IPO. The price band of Asconet Technologies IPO has been fixed at ₹80 to ₹84 with a market lot of 1600 shares.
table of contents - Asconet Technologies IPO Review
Asconet Technologies IPO Date and Price Band Details
Asconet Technologies IPO Market Lot
Asconet Technologies IPO Dates
Asconet Technologies IPO Form
Asconet Technologies Company Financial Report
Asconet Technologies IPO Valuation – FY2023
peer group
company promoter
Asconet Technologies IPO Registrar
Asconet Technologies IPO Allotment Status
Asconet Technologies IPO Lead Managers aka Merchant Bankers
Company Address
Asconet Technologies IPO FAQs
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Asconet Technologies Private Limited, established in 2012, is engaged in the business of catering to a wide range of IT requirements such as high-end supercomputing solutions, data center facilities, storage servers, network security, virtualization and data security. Their comprehensive solutions meet the needs of SMEs, large enterprises and public sector customers. Additionally, Esconet extends its capabilities in the cloud services domain through its wholly owned subsidiary ZeaCloud Services, ensuring its customers have access to cutting-edge technology and a seamless IT infrastructure experience.
Asconet offers a robust suite of server solutions carefully designed to meet the diverse and evolving needs of enterprises. These solutions include state-of-the-art hardware configurations, seamless networking, and secure storage options, providing businesses a reliable foundation to build on. Moving forward with the data-driven era, Asconet goes beyond traditional server services and systematically integrates machine learning tools and artificial intelligence into its portfolio. - Asconet provides a wide range of systems integration services that include total IT solutions including hardware, network and software implementation. Keeping in mind the customer requirements, Asconet also provides tailor-made services that will suit the operational needs and objectives of their respective customers.
Objectives of the issue:
Working capital requirement of the company
Investment in a wholly owned subsidiary, viz. ZCloud Services Private Limited, to fund its capital expenditure expenditure
general corporate expenses
Asconet Technologies IPO Review
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Asconet Technologies IPO Date and Price Band Details
IPO opens: February 16, 2024IPO closes: February 20, 2024
IPO size: Approximately ₹28.22 crore, 3,360,000 equity shares
Face value: ₹10 per equity share
IPO price band: ₹80 to ₹84 per equity share
IPO Listing: NSE SME
Retail Quota: 35% of net offer
QIB Quota: 50% of net offer
NII Quota: 15% of net offer
Asconet Technologies IPO Market Lot
The minimum market lot of Asconet Technologies IPO is 1600 shares with application amount of ₹134,400. - Application Lot Size Share Amount
Retail Min 1 1600 ₹134,400
Retail Max 1 1600 ₹134,400
S-HNI Minimum 2 3200 ₹268,800
Asconet Technologies IPO Dates
Asconet Technologies IPO date is 16th February and IPO closing date is 20th February. The IPO allotment date is 21st February and the IPO may get listed on 23rd February. - IPO opening date: February 16, 2024
IPO closing date: February 20, 2024
Basis of allotment: February 21, 2024
Refund: February 22, 2024
Credit to demat account: February 22, 2024
IPO Listing Date: February 23, 2024
You can check IPO subscription status and IPO allotment status on their respective pages.
Asconet Technologies IPO Form
How to Apply Asconet Technologies IPO? You can apply for Asconet Technologies IPO through ASBA available in your bank account. Simply go to the online bank login and apply through your bank account by selecting Asconet Technologies IPO in the investment section. Second option: You can apply for Asconet Technologies IPO by downloading the IPO form through NSE website. View Asconet Technologies Form – Download NSE IPO Form, fill and click submit to your bank or your broker.