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Exicom Tele-Systems IPO is a book built issue of Rs 429.00 crores. The issue is a combination of fresh issue of 2.32 crore shares aggregating to Rs 329.00 crores and offer for sale of 0.7 crore shares aggregating to Rs 100.00 crores.
Exicom Tele-Systems IPO bidding started from February 27, 2024 and ended on February 29, 2024. The allotment for Exicom Tele-Systems IPO was finalized on Friday, March 1, 2024. The shares got listed on BSE, NSE on March 5, 2024.
Exicom Tele-Systems IPO price band is set at ₹135 to ₹142 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹14,200. The minimum lot size investment for sNII is 15 lots (1,500 shares), amounting to ₹213,000, and for bNII, it is 71 lots (7,100 shares), amounting to ₹1,008,200.
Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd and Systematix Corporate Services Limited are the book running lead managers of the Exicom Tele-Systems IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Exicom Tele-Systems IPO RHP for detailed information.
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | March 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹142 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 30,211,214 shares (aggregating up to ₹429.00 Cr) |
| Fresh Issue | 23,169,014 shares (aggregating up to ₹329.00 Cr) |
| Offer for Sale | 7,042,200 shares of ₹10 (aggregating up to ₹100.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 97,655,501 |
| Share holding post issue | 120,824,515 |
Exicom Tele-Systems IPO offers 30,211,200 shares. 10,119,700 (33.50%) to QIB, 4,531,600 (15.00%) to NII, 3,021,100 (10.00%) to RII and 12,538,800 (41.50%) to Anchor investors. 30,211 RIIs will receive minimum 100 shares and 1,007 (sNII) and 2,014 (bNII) will receive minimum 1,500 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 12,538,800 (41.50%) | NA |
| QIB Shares Offered | 10,119,700 (33.50%) | NA |
| NII (HNI) Shares Offered | 4,531,600 (15.00%) | |
| bNII > ₹10L | 3,021,100 (10.00%) | 2,014 |
| sNII < ₹10L | 1,510,500 (5.00%) | 1,007 |
| Retail Shares Offered | 3,021,100 (10.00%) | 30,211 |
| Total Shares Offered | 30,211,200 (100%) |
Exicom Tele-Systems IPO raises Rs 178.05 crore from anchor investors. Exicom Tele-Systems IPO Anchor bid date is February 26, 2024. Exicom Tele-Systems IPO Anchor Investors list
| Bid Date | February 26, 2024 |
| Shares Offered | 12,538,800 |
| Anchor Portion Size (In Cr.) | 178.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 30, 2024 |
Exicom Tele-Systems IPO opens on February 27, 2024, and closes on February 29, 2024.
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday, February 29, 2024 |
| Basis of Allotment | Friday, March 1, 2024 |
| Initiation of Refunds | Monday, March 4, 2024 |
| Credit of Shares to Demat | Monday, March 4, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,200 |
| Retail (Max) | 14 | 1400 | ₹198,800 |
| S-HNI (Min) | 15 | 1,500 | ₹213,000 |
| S-HNI (Max) | 70 | 7,000 | ₹994,000 |
| B-HNI (Min) | 71 | 7,100 | ₹1,008,200 |
| Lot Size Calculator | |||
The promoters of the Company, being the corporate Promoter, NextWave Communications Private Limited and the individual Promoter, Anant Nahata
| Share Holding Pre Issue | 93.28% |
| Share Holding Post Issue |
Incorporated in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions. The company operates under two business verticals.
As of March 31, 2023, the company is among the first to enter India's EV charger manufacturing segment. The company operates in the EV Charger business, which offers both slow charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public charging networks in cities and highways). The customer base includes established automotive OEMs (for passenger cars and EV buses), charge point operators (CPOs), and fleet aggregators.
By September 30, 2023, the company had installed more than 61,000 EV chargers across 400 locations in India. As of September 30, 2023, the company has deployed 470,810 Li-ion Batteries for application in the telecommunications sector, equivalent to a storage capacity of over 2.10 GWH.
The company's manufacturing facility complies with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015.
As of September 2023, the company has supplied its EV Chargers to over 70 customers, including 15 automotive OEMs, 32 national and regional CPOs and four fleet aggregators.
As of September 30, 2023, the company employs 1,190 employees in India, of which 443 are contractual, 732 employees are technically qualified - 438 with diplomas and 294 with engineering degrees. The company also has 50 employees at its subsidiaries.
Exicom Tele-Systems Limited's revenue decreased by -14.79% and profit after tax (PAT) rose by 24.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 629.41 | 705.09 | 602.99 | 678.46 |
| Revenue | 467.21 | 723.40 | 848.96 | 524.36 |
| Profit After Tax | 27.46 | 6.37 | 5.14 | 3.45 |
| Net Worth | 311.40 | 232.00 | 221.57 | 213.44 |
| Reserves and Surplus | 204.95 | 213.61 | 207.39 | 201.55 |
| Total Borrowing | 72.84 | 117.92 | 107.67 | 101.76 |
| Amount in ₹ Crore | ||||
The market capitalization of Exicom Tele-Systems IPO is Rs 1715.71 Cr.
| KPI | Values |
|---|---|
| ROE | 13.38% |
| ROCE | 10.92% |
| RoNW | 2.75% |
| P/BV | 5.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.65 | 4.55 |
| P/E (x) | 217.63 | 31.24 |
The company proposes to utilize the Net Proceeds towards funding the following objects:
[Dilip Davda] The company is the first mover in power management solution and EV charging infrastructure. It has 60% market share in EV charging segment and is poised for bright prospects ahead with shift from conventional fuel to EV vehicles globally. The company marked a minor setback for FY23 top-line due to hiving off of its battery related business. Based on FY24 annualized earnings, the issue appears fully priced. However, considering the rising opportunities and timely expansion plans, investors may lap it up for the medium to long term rewards. Read detail review...
The Exicom Tele-Systems IPO is subscribed 133.56 times on February 29, 2024 6:21:00 PM. The public issue subscribed 124.27 times in the retail category, 124.82 times in the QIB category, and 159.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 124.82 |
| NII | 159.29 |
| bNII (bids above ₹10L) | 163.96 |
| sNII (bids below ₹10L) | 149.95 |
| Retail | 124.27 |
| Total | 133.56 |
Total Application : 3,555,862 (117.70 times)
| Listing Date | March 5, 2024 |
| BSE Script Code | 544133 |
| NSE Symbol | EXICOM |
| ISIN | INE777F01014 |
| Final Issue Price | ₹142 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹142.00 |
| ₹264.00 |
| ₹219.05 |
| ₹274.45 |
| ₹225.65 |
| NSE |
|---|
| ₹142.00 |
| ₹265.00 |
| ₹219.00 |
| ₹274.50 |
| ₹224.95 |
Exicom Tele-Systems Limited
8, Electronics Complex,
Chambaghat
Solan 173 213
Phone: +91 124 6615 200
Email: investors@exicom.in
Website: https://www.exicom.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: exicom.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Exicom Tele-Systems IPO is a main-board IPO of 30,211,214 equity shares of the face value of ₹10 aggregating up to ₹429.00 Crores. The issue is priced at ₹135 to ₹142 per share. The minimum order quantity is 100 Shares.
The IPO opens on February 27, 2024, and closes on February 29, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Exicom Tele-Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Exicom Tele-Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Exicom Tele-Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Exicom Tele-Systems IPO opens on February 27, 2024 and closes on February 29, 2024.
Exicom Tele-Systems IPO lot size is 100 Shares, and the minimum amount required is ₹14,200.
You can apply in Exicom Tele-Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Exicom Tele-Systems IPO will be done on Friday, March 1, 2024, and the allotted shares will be credited to your demat account by Monday, March 4, 2024. Check the Exicom Tele-Systems IPO allotment status.
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