Exicom Tele-Systems Limited IPO: An Overview and Corporate Insight
Exicom Tele-Systems Limited was founded in 1994 and is an expert in power systems, electric vehicle (EV) charging, and other related technologies. The business is divided into two verticals.
- Power Systems: For digital communication networks, Exicom offers reliable power solutions.
- EV Charging Solutions: In India and Southeast Asia, Exicom has installed more than 6,000 AC and DC chargers. Their EV charging options are built to resist challenging electrical and environmental circumstances.
The company is among the first to enter the Indian EV charger manufacturing market as of March 31, 2023. The company is in the EV charger business, providing fast charging (DC chargers for businesses and public charging networks in cities and highways) as well as slow charging (mostly AC chargers for home use). Charge point operators (CPOs), fleet aggregators, and well-known automakers (for both passenger cars and EV buses) make up the clientele.
Grey Market Premium Analysis and IPO Timelines – Exicom Tele-Systems Limited IPO
| Date | GMP |
| February 24 | ₹130 |
| February 23 | ₹130 |
| February 22 | ₹96 |
| February 21 | ₹80 |
Pricing Details and Lot Size – Exicom Tele-Systems Limited IPO
The price band for Exicom Tele-Systems Limited IPO is ₹135 to ₹142 per share.
Book-Running Lead Managers and Registrar – Exicom Tele-Systems Limited IPO
Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, and Systematic Corporate Services Limited are the Book Running Lead Managers (BRLM), while Link Intime Private Limited is the registrar.
Offer for Sale and IPO Size Breakdown – Exicom Tele-Systems Limited IPO
The book-built IPO of Exicom Tele-Systems is valued at Rs 429.00 crores. The issue consists of a new share offering of 2.32 crore, valued at Rs 329.00 crores, and a share sale offer of 0.7 crore, valued at Rs 100.00 crores.
IPO Timelines at a Glance – Exicom Tele-Systems Limited IPO
| Event | Date |
| IPO Opening Date | February 27,2024 |
| IPO Closing Date | February 29, 2024 |
| IPO Allotment Date | March 01, 2024 |
| Initiation of Refunds | March 04, 2024 |
| Credit of Shares to Demat | March 04, 2024 |
| IPO Listing Date | March 05, 2024 |
Utilisation of Fresh Issuance and Technological Advancements – Exicom Tele-Systems Limited IPO
The business intends to fund the following goals using the Net Proceeds:
– Contributing to the cost of erecting assembly and production lines at the Telangana manufacturing plant
– Repayment or prepayment of some of the company’s borrowings, either fully or partially
– Partial financing of increased operating capital needs
– Research and development expenditures for new products
– Achieving general business goals
Conclusion
Through facilitating the electrification of transport and the energy stability of digital communication infrastructure, ETSL hopes to have a significant impact on the sustainable energy transition. Its Critical Power Business provides comprehensive energy management for enterprise and telecoms settings. By September 30, 2023, the company will have installed 470,810 Li-ion batteries, or more than 2.10 GWH, for use in the telecommunications industry. At a compound annual growth rate (CAGR) of 8.50%, the telecom power systems market in India is projected to increase from roughly Rs. 15 billion in the Financial Year ended March 31, 2023 to Rs. 22 billion in the Financial Year ending March 31, 2028.
Frequently Asked Questions (FAQ) – Exicom Tele-Systems Limited IPO
What does Exicom Tele-Systems Limited specialise in?
The company is among the first to enter the Indian EV charger manufacturing market as of March 31, 2023. The company is in the EV charger business, providing fast charging (DC chargers for businesses and public charging networks in cities and highways) as well as slow charging (mostly AC chargers for home use). Charge point operators (CPOs), fleet aggregators, and well-known automakers (for both passenger cars and EV buses) make up the clientele.
What is the primary purpose of Exicom Tele-Systems Limited’s IPO?
The business intends to fund the cost of erecting assembly and production lines at the Telangana manufacturing plant, repayment or prepayment of some of the company’s borrowings, either fully or partially, partial financing of increased operating capital needs, research and development expenditures for new products and achieving general business goals.
Who are the lead managers for Exicom Tele-Systems Limited’s IPO?
Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, and Systematic Corporate Services Limited are the Book Running Lead Managers (BRLM) for the offer.
How is the IPO structured in terms of new issuance and offer for sale (OFS)?
The book-built IPO of Exicom Tele-Systems is valued at Rs 429.00 crores. The issue consists of a new share offering of 2.32 crore, valued at Rs 329.00 crores, and a share sale offer of 0.7 crore, valued at Rs 100.00 crores
What is the lot size and minimum investment for retail investors in the Exicom Tele-Systems Limited IPO?
Exicom Tele-Systems Limited IPO lot size is 100 Shares, and the minimum amount required is ₹14,200.
What is the price band for the Exicom Tele-Systems Limited IPO?
The price band for Exicom Tele-Systems Limited IPO is ₹135 to ₹142 per share.
How has the Grey Market Premium (GMP) trend for Exicom Tele-Systems Limited IPO?
The GMP was valued at Rs 130 on February 24, 2024.
When does the IPO open and close for subscription?
Exicom Tele-Systems Limited IPO will open for subscription on February 27, 2024 and close on February 29, 2024.
When is the allotment date for the Exicom Tele-Systems LimitedLimited IPO?
The allotment date is set for March 01, 2024.
When is Exicom Tele-Systems Limited expected to be listed on the stock exchanges?
The anticipated listing date for Exicom Tele-Systems Limited IPO is March 05, 2024 on the BSE and NSE mainboards.
