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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 ₹142.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹13,500 (100 shares). 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 Date | February 27, 2024 to February 29, 2024 |
| Listing Date | March 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹142 per share |
| Issue Price Final | ₹142 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,02,11,200 shares (aggregating up to ₹429.00 Cr) |
| Fresh Issue | 2,31,69,000 shares (aggregating up to ₹329.00 Cr) |
| Offer for Sale | 70,42,200 shares of ₹10 (aggregating up to ₹100.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,76,55,501 shares |
| Share Holding Post Issue | 12,08,24,515 shares |
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, 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 | Maximum 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%) |
Exicom Tele-Systems IPO raises ₹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 | 1,25,38,800 |
| 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 opens on February 27, 2024, and closes on February 29, 2024.
| IPO Open Date | Tue, Feb 27, 2024 |
| IPO Close Date | Thu, Feb 29, 2024 |
| Tentative Allotment | Fri, Mar 1, 2024 |
| Initiation of Refunds | Mon, Mar 4, 2024 |
| Credit of Shares to Demat | Mon, Mar 4, 2024 |
| Tentative Listing Date | Tue, Mar 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 29, 2024 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 |
| 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 market capitalization of Exicom Tele-Systems IPO is ₹1715.71 Cr.
| KPI | Values |
|---|---|
| ROE | 13.38% |
| ROCE | 10.92% |
| RoNW | 2.75% |
| Price to Book Value | 5.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.65 | 4.55 |
| P/E (x) | 217.63 | 31.24 |
The company proposes to utilize the Net Proceeds towards funding the following objects:
[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...
| Listing Date | March 5, 2024 |
| BSE Script Code | 544133 |
| NSE Symbol | EXICOM |
| ISIN | INE777F01014 |
| Final Issue Price | ₹142 per share |
| BSE Listing Group | B |
Exicom Tele-Systems Ltd.
8, Electronics Complex,
Chambaghat
Solan, Himachal Pradesh, 173213
Phone: +91 124 6615 200
Email: investors@exicom.in
Website: https://www.exicom.in/
MUFG Intime India Pvt.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 is a main-board IPO of 3,02,11,200 equity shares of the face value of ₹10 aggregating up to ₹429.00 Crores. The issue is priced at ₹142 per share. The minimum order quantity is 100.
The IPO opens on February 27, 2024, and closes on February 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 February 27, 2024 and closes on February 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 Monday, March 4, 2024. Check the Exicom Tele-Systems IPO allotment status.
The Exicom Tele-Systems IPO listing date is on Tuesday, March 5, 2024.
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