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 opens for subscription on February 27, 2024 and closes on February 29, 2024. The allotment for the Exicom Tele-Systems IPO is expected to be finalized on Friday, March 1, 2024. Exicom Tele-Systems IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, 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 | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹142 per share |
| 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) |
| Offer for Sale | 7,042,200 shares of ₹10 (aggregating up to ₹100.00 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 IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
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.
- 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 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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 629.41 | 705.09 | 602.99 | 678.46 |
| Revenue | 467.21 | 723.40 | 848.96 | 524.36 |
| Profit After Tax | 27.46 | 6.37 | 5.14 | 3.45 |
| Net Worth | 311.40 | 232.00 | 221.57 | 213.44 |
| Reserves and Surplus | 204.95 | 213.61 | 207.39 | 201.55 |
| Total Borrowing | 72.84 | 117.92 | 107.67 | 101.76 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.38% |
| ROCE | 10.92% |
| RoNW | 2.75% |
Check Exicom Tele-Systems IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.38 |
Objects of the Issue (Exicom Tele-Systems IPO Objectives)
The company proposes to utilize the Net Proceeds towards funding the following objects:
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