Bookbuilding IPO | ₹429 Cr | Listed at BSE, NSE | Tue, Feb 27, 2024 - Thu, Feb 29, 2024
Exicom Tele-Systems IPO is a book build issue of ₹429.00 crores. The issue is a combination of fresh issue of 2.32 crore shares aggregating to ₹329.00 crores and offer for sale of 0.70 crore shares aggregating to ₹100.00 crores.
Exicom Tele-Systems IPO bidding started from Feb 27, 2024 and ended on Feb 29, 2024. The allotment for Exicom Tele-Systems IPO was finalized on Mar 1, 2024. The shares got listed on BSE, NSE on Mar 5, 2024.
Exicom Tele-Systems IPO price band is set at ₹142 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹14,200 (100 shares) (based on upper price). The lot size investment for sNII is 15 lots (1,500 shares), amounting to ₹2,13,000, and for bNII, it is 71 lots (7,100 shares), amounting to ₹10,08,200.
Monarch Networth Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Exicom Tele-Systems IPO RHP for detailed Information.
IPO Open
Tue, Feb 27, 2024
IPO Close
Thu, Feb 29, 2024
Issue Price
₹142 per share
Market Cap (Pre-IPO)
₹1,715.71 Cr
| IPO Date | 27 to 29 Feb, 2024 |
| Listed on | Tue, Mar 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹142 |
| Issue Price | ₹142 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,02,11,200 shares (agg. up to ₹429 Cr) |
| Fresh Issue | 2,31,69,000 shares (agg. up to ₹329 Cr) |
| Offer for Sale | 70,42,200 shares of ₹10 (agg. up to ₹100 Cr) |
| Share Holding Pre Issue | 9,76,55,501 shares |
| Share Holding Post Issue | 12,08,24,515 shares |
| BSE Script Code / NSE Symbol | 544133 / EXICOM |
| ISIN | INE777F01014 |
Exicom Tele-Systems IPO offers total 3,02,11,200 shares. Out of which 2,26,58,500 (75.00%) allocated to QIB, 1,01,19,700 (33.50%) allocated to QIB (Ex- Anchor), 45,31,600 (15.00%) allocated to NII 30,21,100 (10.00%) allocated to RII and 1,25,38,800 (41.50%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 2,26,58,500 (75.00%) | NA |
| − Anchor Investor Shares Offered | 1,25,38,800 (41.50%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,01,19,700 (33.50%) | NA |
| NII (HNI) Shares Offered | 45,31,600 (15.00%) | NA |
| − bNII > ₹10L | 30,21,000 (10.00%) | 2,014 |
| − sNII < ₹10L | 15,10,600 (5.00%) | 1,007 |
| Retail Shares Offered | 30,21,100 (10.00%) | 30,211 |
| Total Shares Offered | 3,02,11,200 (100.00%) |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,200 |
| Retail (Max) | 14 | 1,400 | ₹1,98,800 |
| S-HNI (Min) | 15 | 1,500 | ₹2,13,000 |
| S-HNI (Max) | 70 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 71 | 7,100 | ₹10,08,200 |
Exicom Tele-Systems IPO raises ₹178.05 crore from anchor investors. Exicom Tele-Systems IPO Anchor bid date is February 26, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 26, 2024 |
| Shares Offered | 1,25,38,800 |
| Anchor Portion (₹ Cr.) | 178.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, May 30, 2024 |
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.
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 629.41 | 705.09 | 602.99 | 678.46 |
| Total Income | 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana | 145.77 |
| 2 | Repayment/pre-payment, in part or full, of certain borrowings of our Company | 50.30 |
| 3 | Part-funding incremental working capital requirements | 69.00 |
| 4 | Investment in R&D and product development | 40.00 |
| 5 | General corporate purposes | |
| Total | 305.07 |
| KPI | |
|---|---|
| ROE | 13.38% |
| ROCE | 10.92% |
| RoNW | 2.75% |
| PAT Margin | 4.30% |
| Price to Book Value | 5.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.65 | 4.55 |
| P/E (x) | 217.63 | 31.24 |
| Promoter Holding | 93.28% | |
| Market Cap | ₹1,715.71 Cr. |
The Exicom Tele-Systems IPO is subscribed 133.56 times on February 29, 2024 6:21:00 PM (Day 3). 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)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 124.82 | 1,01,19,700 | 1,26,31,50,400 |
| NII | 159.29 | 45,31,600 | 72,18,42,100 |
| bNII (> ₹10L) | 163.96 | 30,21,100 | 49,53,44,100 |
| sNII (< ₹10L) | 149.95 | 15,10,500 | 22,64,98,000 |
| Retail | 124.27 | 30,21,100 | 37,54,17,600 |
| Total | 133.56 | 1,76,72,400 | 2,36,04,10,100 |
Total Applications: 35,55,862
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) | 217.30 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage underwriting and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 24.86 |
| 3 | Fees payable to the Registrar to the Offer | 3.83 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 113.60 |
| 5 | Printing and distribution of stationery | |
| 6 | Advertising and marketing expenses | |
| 7 | Fees payable to legal counsel | |
| 8 | Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, Independent Chartered Accountant, industry service provider and Independent Chartered Engineer | |
| 9 | Miscellaneous |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹142.00 | ₹142.00 |
| Open | ₹264.00 | ₹265.00 |
| Low | ₹219.05 | ₹219.00 |
| High | ₹274.45 | ₹274.50 |
| Last Trade | ₹225.65 | ₹224.95 |
Exicom Tele-Systems IPO is a main-board IPO of 3,02,11,200 equity shares of the face value of ₹10 aggregating up to ₹429 Crores. The issue is priced at ₹142 per share. The minimum order quantity is 100.
The IPO opens on Tue, Feb 27, 2024, and closes on Thu, Feb 29, 2024.
MUFG Intime India Pvt.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
Visit Zerodha IPO Application Process Review for more detail.
The Exicom Tele-Systems IPO opens on Tue, Feb 27, 2024 and closes on Thu, Feb 29, 2024.
Exicom Tele-Systems IPO lot size is 100, and the minimum amount required for application is ₹14,200.
You can apply in Exicom Tele-Systems IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Mon, Mar 4, 2024. Check the Exicom Tele-Systems IPO allotment status.
The Exicom Tele-Systems IPO listing date is on Tue, Mar 5, 2024.
