Exicom Tele-Systems Limited IPO

Mainboard

Heavy Electrical Equipment

Listed On: Mar 5, 2024 at ₹ 265.0(NSE)

₹ 14200 /100 Shares

Check Allotment

Price Summary

Last Closing

271.25 (91.02%)

52 Week High

530.00

52 Week Low

169.40

Last Update

22-Nov-2024 3:30 PM

Exicom Tele-Systems Limited IPO Details

27 Feb, 2024

Open Date

29 Feb, 2024

Close Date

01 Mar, 2024

Allotment Date

05 Mar, 2024

Listing Date

Issue Price

₹135-142 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

265.0(NSE)

Listing Date

2024-03-05

Market Lot

Retail : 100 Shares (₹14,200/-)
S-HNI : 1,500 Shares (₹2,13,000/-)
B-HNI : 7,100 Shares (₹10,08,200/-)

Lead Manager

Monarch Networth Capital Ltd
Unistone Capital Pvt Ltd
Systematix Corporate Services Limited

Issue Size

Total ₹429.0 Cr :
#Fresh Issue : 23,169,014 shares(aggregating up to ₹329.00 Cr) +
#OFS : 7,042,200 shares of ₹10(aggregating up to ₹100.00 Cr)

Retail Portion

10% (Number of Retail Applications: 30,211 Approx),
(Number of S-HNI Applications : 1,007 Approx),
(Number of B-HNI Applications : 2,014 Approx)

Subscription

129.54 times

IPO Docs

DRHP RHP ANCHOR

Exicom Tele-Systems Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	9,063,365	4,531,682 3,021,100 1,510,533	3,021,100	16,616,168
Day 1 - 27-02-24 05:00 PM	0.73 x	19.02 16.70 x 23.66 x	27.03 x	9.99 x
Day 2 - 28-02-24 05:00 PM	4.48 x	54.39 49.21 x 64.75 x	64.79 x	27.78 x
Day 3 - 29-02-24 05:00 PM	121.80 x	153.22 157.69 x 144.28 x	119.58 x	129.54 x

Total No. of Applications: 35,55,862 (Approx)

Exicom Tele-Systems Limited Valuations

EPS Pre IPO

₹0.65/-

EPS Post IPO

₹4.55/-

P/E Pre IPO

217.63

P/E Post IPO

31.24

RoNW

2.75%

Exicom Tele-Systems Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	705.09	602.99	678.46
Revenue	723.40	848.96	524.36
Profit After Tax	6.37	5.14	3.45

About The Company

Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions. The company operates under two business vericals.

Power Systems: Exicom provides uninterrupted power solutions for digital communication networks.
EV Charging Solutions: Exicom has deployed over 6,000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions.As of March 31, 2023, the company is one of the first to enter the EV charger manufacturing segment in India. 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 March 31, 2023, the company had installed more than 35,000 EV chargers across 400 locations in India.

The company's manufacturing facility is compliant with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015.

The company's revenue from operations increased from ₹ 5,129.05 million in FY'21 to ₹ 7,079.30 million in FY'23, representing a CAGR of 17.48%.

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 August 31, 2023, the company employs 1,124 employees in India, of which 421 are contractual. 705 employees are technically qualified - 431 with diplomas and 274 with engineering degrees. The company also has 43 employees at its subsidiaries.

Exicom Tele-Systems Limited - Promoter(s)

Pre Issue Share Holding: 93.28%

Post Issue Share Holding: N/A%

Company Promoter(s)

NextWave Communications Private Limited
Anant Nahata

Exicom Tele-Systems Limited IPO - Issue Objectives

Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana
Repayment/pre-payment, in part or full, of certain borrowings of the company
Part-funding incremental working capital requirements
Investment in R&D and product development] General corporate purposes

Exicom Tele-Systems Limited IPO - Anchor Investors

Exicom Tele-Systems mobilises Rs 178 crore from anchor investors ahead of IPO.

Several marquee investors participated in the offer including Maybank Asiapac Ex-Japan Equity I Fund, Nepean Long Term Opportunities Fund, Abakkus Diversified Alpha Fund, Quant Mutual Fund, JM Financial Mutual Fund, Aditya Birla Sun Life Trustee, and SBI General Insurance Company.

Quant Mutual Fund through Quant Momentum Fund was the biggest investor in Exicom, buying Rs 53.05 crore worth of shares, followed by Bajaj Allianz Life Insurance Company which picked nearly Rs 20 crore worth shares.

ITI Small Cap Fund was the third largest investor in the company via anchor book, acquiring Rs 17.5 crore worth shares, followed by JM Flexicap Fund which bought Rs 12 crore worth of shares.

Exicom Tele-Systems Limited IPO - FAQs

Ans. Exicom Tele-Systems Limited IPO is a Mainboard IPO. The issue is priced at ₹135-142 per equity share. The minimum order quantity is 100 Shares. The IPO opens on Feb 27, 2024, and closes on Feb 29, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Exicom Tele-Systems Limited IPO opens on Feb 27, 2024 and closes on Feb 29, 2024.

Ans. The size of Exicom Tele-Systems Limited IPO is Total ₹429.0 Cr : #Fresh Issue : 23,169,014 shares(aggregating up to ₹329.00 Cr) + #OFS : 7,042,200 shares of ₹10(aggregating up to ₹100.00 Cr).

Ans. The IPO price band is set between ₹135-142 per equity share.

Ans. To apply for Exicom Tele-Systems Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Exicom Tele-Systems Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Exicom Tele-Systems Limited IPO is Mar 1, 2024.

Ans. The Exicom Tele-Systems Limited IPO will be listed on Mar 5, 2024.

Ans. Follow the steps to check the allotment status for Exicom Tele-Systems Limited IPO here.