The Exicom Tele-Systems IPO date has been confirmed from February 27, 2024 and closes on February 29, 2024. Read the post to learn about Exicom Tele-Systems Limited IPO GMP.
Exicom Tele-Systems is introducing an IPO valued at ₹429.00 crore. The offering includes 2.32 crore shares freshly issued, amounting to Rs 329.00 crores, and 0.7 crore shares offered for sale, totaling Rs 100.00 crore. Starting February 27, 2024, investors can participate in Exicom Tele-Systems’ IPO, which closes on February 29, 2024. It is expected that the allotment for the Exicom Tele-Systems IPO will be finalized by Friday, March 1, 2024. The BSE and NSE will host the initial listing of Exicom Tele-Systems IPO on Tuesday, March 5, 2024.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
February 27 till 29
Price Range
₹135 to ₹142 per share
Face Value
₹10 per share
GMP
₹160
Exicom Tele-Systems IPO GMP
The Exicom Tele-Systems IPO GMP Today is ₹160.
IPO Overview
Exicom Tele-Systems has determined its IPO price range to be ₹135 to ₹142 per share. Exicom Tele-Systems IPO GMP Today is ₹160. A minimum of 100 shares is a prerequisite for the application. To participate, retail investors need to invest at least ₹14,200. To engage in sNII, investors must commit a minimum of ₹213,000, equivalent to purchasing 15 lots (1,500 shares), whereas bNII necessitates a more substantial investment of ₹1,008,200 for 71 lots (7,100 shares).
Exicom Tele-Systems IPO Details
| IPO Date | 27 February 2024 to 29 February 2024 |
| Listing Date | March 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹135 to ₹142 |
| 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) |
| 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 Financial Performance
| Period Ended | 2023 | 2022 | 2021 |
| Revenue | ₹723.40 | ₹848.96 | ₹524.36 |
| Profit After Tax | ₹6.37 | ₹5.14 | ₹3.45 |
| Expense | ₹690.96 | ₹809.19 | ₹511.54 |
| Amount in ₹ Crore | |||
Exicom Tele-Systems IPO Dates & Listing Performance
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday 29, 2024 |
| Basis of Allotment | March 1, 2024 |
| Initiation of Refunds | March 4, 2024 |
| Credit of Shares to Demat | March 4, 2024 |
| Listing Date | March 5, 2024 |
| Cut-off time for UPI mandate confirmation | February 29, 2024 at 5pm |
Exicom Tele-Systems IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 100 | ₹14,200 |
| Retail Maximum | 14 | 1400 | ₹198,800 |
| S-HNI Minimum | 15 | 1,500 | ₹213,000 |
| S-HNI Maximum | 70 | 7,000 | ₹994,000 |
| B-HNI Minimum | 71 | 7,100 | ₹1,008,200 |
Company Profile
Founded in 1994, Exicom Tele-Systems is a major player in India’s management solutions sector, operating across two primary business sectors: (i) their electric vehicle supply equipment (“EV Charger(s)”) solutions business, wherein they provide smart charging systems with innovative technology for residential, business, and public charging use in India (“EV Charger Business”); and (ii) their critical power solutions business, wherein they design, manufacture, and service critical.
They were among the first to enter the EV charger manufacturing industry in India, and as of March 31, 2023, they are among the market leaders, with market shares of 60% and 25% in the residential and public charging segments, respectively (Source: CRISIL Report). Also, in their Critical Power Business, they possess a substantial 16% market share in the DC Power Systems sector and are acknowledged as a leading player in Li-ion Batteries for telecommunications applications, holding around 10% market share as of March 31, 2023. (Source: CRISIL Report).
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91 22 4918 6270 |
| Email ID | exicom.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Exicom Tele-Systems Limited |
| Phone number | +91 124 6615 200 |
| Email ID | investors@exicom.in |
| Website | www.exicom.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
