Exicom Tele-Systems Ltd. IPO

Exicom Tele-Systems Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹122.00 (+85.92%)

Listing Gains

IPO Details

Bidding Dates

27 Feb - 29 Feb '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹135 - ₹142

Price Range

Issue Size

408 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

About Company

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. The company deployed more than 61,000 EV chargers at 400 places in India by September 30, 2023. 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. By September 2023, the company has supplied EV chargers to more than 70 clients, including four fleet aggregators, 32 national and regional CPOs, and 15 automobile OEMs.

Important Dates - Exicom Tele-Systems IPO

Application opens on 27th February 2024
Last date of application 29th February 2024
Date of Allotment 01st March 2024
Refund begins from 04th March 2024
Credit of shares to Demat 04th March 2024
Listing date 05th March 2024

Why should you invest in Exicom Tele-Systems Ltd. IPO?

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.


Exicom Tele-Systems IPO Grey Market Premium

Date GMP
24th February Rs.130
23rd February Rs.130
22nd February Rs.96

Exicom Tele-Systems Ltd. IPO - SWOT Analysis


  • Making efficient use of shareholders' funds During the past two years, return on equity (ROE) has increased.
  • Effective in allocating resources to produce profits ROA has improved over the past two years.



  • Low Piotroski Score: Unstable financial institutions



  • Annual Net Profits have increased over the previous two years
  • Share Book Value improving over the previous two years


  • Reduced Net Cash Flow: Businesses are unable to produce net cash


Financial Snapshot - Exicom Tele-Systems IPO

Check out the financial performance of Exicom Tele-Systems for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 678.46 crore Rs 524.36 crore Rs 3.45 crore
March 2022 Rs 602.99 crore Rs 848.96 crore Rs 5.14 crore
March 2023 Rs 705.09 crore Rs 723.40 crore Rs 6.37 crore


Exicom Tele-Systems IPO Noteworthy Highlights

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

How to apply for Exicom Tele-Systems Ltd. IPO?

You can apply for the Exicom Tele-Systems Ltd. IPO in these ways:

Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

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Exicom Tele-Systems Ltd. IPO FAQs

What are the opening and closing dates for Exicom Tele-Systems Limited IPO?

Exicom Tele-Systems Limited IPO will open for subscription on February 27 and close on February 29.

What is the price band for Exicom Tele-Systems Limited IPO?

The price band for Exicom Tele-Systems Limited IPO is ₹135 to ₹142 per share.

What is the minimum and maximum lot size for the Exicom Tele-Systems Limited IPO?

The minimum lot size is 100 shares. 

Who are Exicom Tele-Systems Limited IPO Lead Managers?

Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, and Systematic Corporate Services Limited are the Book Running Lead Managers (BRLM) to the issue.

Who is the registrar of the issue?

Link Intime India Pvt Ltd is the registrar for Exicom Tele-Systems Limited IPO.

When will the Exicom Tele-Systems Limited IPO allotment take place?

The finalisation of the basis of allotment for Exicom Tele-Systems Limited IPO will be done on March 01, 2024, and the allotted shares will be credited to investors’ demat accounts by March 04, 2024.

When and where will the Exicom Tele-Systems Limited shares be listed?

The equity shares of Exicom Tele-Systems Limited are proposed to be listed on March 05, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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