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Exicom Tele-Systems Limited IPO (Exicom Tele-Systems IPO) Detail

February 27, 2024 - February 29, 2024

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.

Exicom Tele-Systems IPO Details

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 Size30,211,214 shares
(aggregating up to ₹429.00 Cr)
Fresh Issue23,169,014 shares
(aggregating up to ₹329.00 Cr)
Offer for Sale7,042,200 shares of ₹10
(aggregating up to ₹100.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue97,655,501
Share holding post issue120,824,515

Exicom Tele-Systems IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered12,538,800 (41.50%)NA
QIB Shares Offered10,119,700 (33.50%)NA
NII (HNI) Shares Offered4,531,600 (15.00%)
  bNII > ₹10L3,021,100 (10.00%)2,014
  sNII < ₹10L1,510,500 (5.00%)1,007
Retail Shares Offered3,021,100 (10.00%)30,211
Total Shares Offered30,211,200 (100%)

Exicom Tele-Systems IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Exicom Tele-Systems IPO Lot Size

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

Exicom Tele-Systems IPO Promoter Holding

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

About Exicom Tele-Systems Limited

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.

  1. Power Systems: Exicom provides uninterrupted power solutions for digital communication networks.
  2. EV Charging Solutions: Exicom has deployed over 61000 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 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 Financial Information (Restated Consolidated)

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets629.41705.09602.99678.46
Revenue467.21723.40848.96524.36
Profit After Tax27.466.375.143.45
Net Worth311.40232.00221.57213.44
Reserves and Surplus204.95213.61207.39201.55
Total Borrowing72.84117.92107.67101.76
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Exicom Tele-Systems IPO is Rs 1715.71 Cr.

KPI Values
ROE13.38%
ROCE10.92%
RoNW2.75%
P/BV5.63
Pre IPO Post IPO
EPS (Rs) 0.654.55
P/E (x) 217.6331.24
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Exicom Tele-Systems IPO Objectives)

The company proposes to utilize the Net Proceeds towards funding the following objects:

  • Part-financing the cost towards setting up 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 IPO Review (Apply)

[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...


Exicom Tele-Systems IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB124.82
NII159.29
    bNII (bids above ₹10L)163.96
    sNII (bids below ₹10L)149.95
Retail124.27
Total133.56

Total Application : 3,555,862 (117.70 times)

Exicom Tele-Systems IPO Prospectus

Exicom Tele-Systems IPO Rating

10
4.1
Rating:Rated 4.1 stars
Vote Here ...

Exicom Tele-Systems IPO Listing Details

Listing Date March 5, 2024
BSE Script Code 544133
NSE Symbol EXICOM
ISIN INE777F01014
Final Issue Price ₹142 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

Exicom Tele-Systems Limited Contact Details

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/

Exicom Tele-Systems IPO Registrar

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 - Buy or Not

Exicom Tele-Systems IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 0 0
Members 4 0 0

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Exicom Tele-Systems IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Exicom Tele-Systems IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Exicom Tele-Systems IPO listing date is on March 5, 2024.
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Exicom Tele-Systems IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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937 Comments

362. Rajiv RR |   Link |  Bookmark |March 21, 2024 2:17:33 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Results out..Its Good not bad at all..Still stock going down..
362.1. TheWealthMagnet |   Link |  Bookmark |March 21, 2024 2:42:25 PM
Results are okaish. Platinum today's fall due to very bad result.
362.2. Rajiv RR |   Link |  Bookmark |March 21, 2024 3:00:54 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Yeah, platinum has gone down due to results.
Exicom recovering a bit, anyways have kept it for long term.
361. Modi Adani |   Link |  Bookmark |March 12, 2024 1:34:52 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
Triggered 198 , below 200 within a week from 285.
Does there any negative news anyone aware off??
361.1. TheWealthMagnet |   Link |  Bookmark |March 12, 2024 3:21:47 PM
Nothing, only profit booking in smallcaps.
361.2. DIVYANG ITO |   Link |  Bookmark |March 12, 2024 4:49:54 PM
Bought few today for long term at 198

300 in 2 years very easily achievable I believe considering the industry it is in
360. SANJEEV SOOD |   Link |  Bookmark |March 5, 2024 3:08:18 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Seeing its volume at NSE and BSE , it seems everyone including Institutional Investors sold on listing.
360.7. SANJEEV SOOD |   Link |  Bookmark |March 5, 2024 9:41:24 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Agrawal S  Just for curiocity , large deal data explains for meagre 1/6 of total volume , what about the rest ???
360.8. Agrawal S |   Link |  Bookmark |March 5, 2024 10:12:06 PM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
@SANJEEV SOOD Hope this helps.

"A bulk deal in the share market is a deal where the total quantity of shares bought or sold is greater than 0.5% of the share capital of the company."
359. whiteFox |   Link |  Bookmark |March 5, 2024 9:33:19 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Added some shares at 238
359.2. whiteFox |   Link |  Bookmark |March 6, 2024 5:24:53 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I have added only 50...will add more if got around 180
359.3. whiteFox |   Link |  Bookmark |March 12, 2024 1:01:39 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
180 jald hii ayenga
358. Madhusudhan Reddy Avula |   Link |  Bookmark |March 5, 2024 12:13:43 PM
Bought 600 qty @240
358.2. Madhusudhan Reddy Avula |   Link |  Bookmark |March 5, 2024 1:09:47 PM
Holding for long term
358.3. Bull raja |   Link |  Bookmark |March 5, 2024 10:07:51 PM
Bought 500 quantity at 238/-

Holding for long term. Will add again around 200 price.
357. SmallTimeHustler |   Link |  Bookmark |March 5, 2024 1:53:29 PM
@Mani sharma Sir I have bought for long term so not affected by fluctuations which are bound to happen on first day of trade. It may continue to happen for the next few sessions as well but I'm bullish about the EV sector and can afford to lose some capital. Hope this helps!
357.1. Mani sharma |   Link |  Bookmark |March 5, 2024 9:26:56 PM
All the best sir from my side👍👍👍
356. VANSH PATEL |   Link |  Bookmark |March 5, 2024 8:49:19 AM
1% of total portfolio size purchased at listing price
Long term goal
356.3. Simply Vicky |   Link |  Bookmark |March 5, 2024 5:45:32 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
One should also mind market correction...otherwise everything is fine...its better to buy in tranches at different price points....its not IREDA share which will touch higher price on day to day basis...however co is working in promising segment.
356.4. Seth. |   Link |  Bookmark |March 5, 2024 7:19:02 PM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Same I also purchased 1% and free fall ho gaya iska...
355. whiteFox |   Link |  Bookmark |March 5, 2024 6:34:54 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
No block deals...to becha kisane....retailer ne..
354. TheWealthMagnet |   Link |  Bookmark |March 5, 2024 1:27:10 PM
I bought it today due to following reasons.

Exicom Tele systems Ltd powered by sector tailwinds.

HFCL has a 7.74% stake in the firm.

It operates in 2 sunrise verticals – Electrical vehicle supply equipment and Critical power

Electrical Charging Infra - Proxy to EV

👉 Market size of overall Charging Infra to grow at CAGR of 55-60%

🔶️Exicom Group is investing INR 160 crore in building a new electric vehicle (EV) charger facility in Hyderabad, Telangana.
🔶️The new facility will be commissioned in under 18 months from now.
🔶️The new plant is estimated to produce 126,000 AC chargers and10,800 DC chargers annually.
🔶️Exicom has a leading market share in EV Charging products with 60% market share in residential charging and 25% market share in public charging as of FY23

🗼Critical power segment - Proxy to 5G and data center

📲It has leading Telco’s and Tower Co’s as its customers across India, Southeast Asia and Africa and is one of the few players having both DC Power and energy storage as part of its portfolio

🔋️Exicom has already deployed 450,000 Li-ion batteries in telecom as of fiscal 2023 translating to over 2.0 GWH of storage capacity

📡️Exicom recently won a large Li-ion battery order amounting to ~21K battery packs from BSNL

Exicom has 16% market share in DC Power Systems market in India
354.1. Mani sharma |   Link |  Bookmark |March 5, 2024 1:44:46 PM
Looks like company has potential but right now it is going down sir 🙏🙏
354.2. Bhallal dev |   Link |  Bookmark |March 5, 2024 5:19:26 PM
आपका ये विश्लेषण पढ़ कर दिल को कुछ सुकून महसूस हुआ है, बहुत बहुत धन्यवाद महोदय
353. whiteFox |   Link |  Bookmark |March 5, 2024 3:36:10 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Lots of retailers stuck on higher price.....big players dumped the stock....
352. Agrawal S |   Link |  Bookmark |March 5, 2024 11:49:08 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
Bought some @242
352.6. MaheshJain |   Link |  Bookmark |March 5, 2024 2:47:07 PM (200+ Posts)
@Agrawal S I also bought in at 265, aiming for a short or very short-term gain, hoping to exit with a profit of 15-20%, but things didn't quite pan out as expected.
352.7. Agrawal S |   Link |  Bookmark |March 6, 2024 9:56:33 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
245 .. correct decision, moved that worked . Will book near 250 and 265
351. Shiva ✨ |   Link |  Bookmark |March 5, 2024 2:05:59 PM
90%(including me) ne to quick move ke liye hi aaj buy Kiya tha ab bhav neeche a Gaya to portfolio stock banana pad Raha hai kahe koi kuch bhi 😆😆😆😆
350. Shiva ✨ |   Link |  Bookmark |March 5, 2024 11:12:27 AM
Sell of comes in small cap index ....profit chugte rahiye 3 session sufficient to vanish your profit ...🙏🙏
350.1. Mani sharma |   Link |  Bookmark |March 5, 2024 1:00:05 PM
Kitna niche aur ja sakta hai sir
350.2. Shiva ✨ |   Link |  Bookmark |March 5, 2024 1:34:10 PM
Bhai ye to kisi ko nahi malum but sabse pahle small caps ki khatiya khadi hogi becouse of huge rally on it and it's time for correction in my view but whenever correction come no chance to book profit in small cap stock........🙏🙏
349. Mani sharma |   Link |  Bookmark |March 5, 2024 12:55:04 PM
Looks like gayi bhas pani me
348. atul |   Link |  Bookmark |March 5, 2024 8:52:36 AM (300+ Posts)
Will see UC soon
348.1. Mani sharma |   Link |  Bookmark |March 5, 2024 12:52:24 PM
Aaj toh koi chance hi nahi ulta lc na dekhna pade
347. Naresh.Surat |   Link |  Bookmark |March 5, 2024 9:16:45 AM
Forgot to place pre order...Bought 500 @250...:)
347.1. Mani sharma |   Link |  Bookmark |March 5, 2024 12:51:47 PM
Going down sir
346. SmallTimeHustler |   Link |  Bookmark |March 5, 2024 10:58:26 AM
Good morning to all respected Members and Seniors.

I bought during pre-open and will be keeping this in my portfolio for long term
346.1. Mani sharma |   Link |  Bookmark |March 5, 2024 12:50:42 PM
Right now going down sir
345. atul |   Link |  Bookmark |March 5, 2024 8:53:32 AM (300+ Posts)
Next ireda
345.1. Mani sharma |   Link |  Bookmark |March 5, 2024 11:11:04 AM
Abhi toh niche ja raha hai sir
344. VANSH PATEL |   Link |  Bookmark |March 5, 2024 9:39:35 AM
Can anyone put light on this...

Why anchor book doesn't have Names of mutual funds that are operated by Bank AMC like Sbi mf, hdfc mf, icici mf, axis mf...

Did they avoided fully this share
Or they were not allocated by this stock ..
343. Hemantsoni |   Link |  Bookmark |March 5, 2024 9:21:06 AM
Exicom patal ki gehraiyon me jata hua 235