Exicom Tele Systems IPO Details ( Exicom Tele Systems Limited IPO Review )
(27 Feb 2024 – 29 Feb 2024)
Founded in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and related solutions.
The company has two main focuses:
- Power Systems: Exicom ensures uninterrupted power solutions for digital communication networks.
- EV Charging Solutions: With over 6,000 AC and DC chargers deployed in India and Southeast Asia, Exicom’s EV charging solutions are designed to endure tough environmental and electrical conditions. They are a pioneer in India’s EV charger manufacturing segment, offering both slow (AC chargers for homes) and fast charging solutions (DC chargers for businesses and public networks). Their clientele includes major automotive OEMs, charge point operators (CPOs), and fleet aggregators.
As of March 31, 2023, Exicom is among the early entrants into India’s EV charger manufacturing market. By September 30, 2023, they had installed 61,000+ EV chargers across 400 locations in India and deployed 470,810 Li-ion Batteries for telecommunications, totaling a storage capacity exceeding 2.10 GWH.
Exicom’s manufacturing facility adheres to ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015 standards.
As of September 2023, Exicom has provided EV chargers to 70+ customers, including 15 automotive OEMs, 32 national and regional CPOs, and four fleet aggregators.
With a team of 1,190 employees in India (443 contractual, 732 technically qualified – 438 with diplomas and 294 with engineering degrees), and an additional 50 employees in subsidiaries, Exicom continues to play a significant role in the evolving landscape of power systems and EV charging solutions.
Exicom Tele Systems Limited Company Product
- DCT Power Systems
- EV chargers
Exicom Tele Systems Limited IPO Competitive Strength
- Established player with an early-mover-and-learner advantage in the Indian EV Charger market, a fastgrowing industry characterized by high entry barriers
- Domain experience and know-how and diversified product portfolio with a track record of demonstrated outcomes in critical cases
- Vertically integrated operations, backed by manufacturing capabilities, robust supply chain, significant research and development activities and sales and marketing initiatives
- Significant product development and focussed engineering capabilities
- Track record of long-standing relationships with an established customer base
- Experienced and qualified leadership and management team
Exicom Tele Systems IPO Financials Performance ( Results )
Exicom Tele Systems Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 678.46 | 524.36 | 3.45 | 0.38 | 213.44 | 201.55 | 101.76 |
| 31-Mar-22 | 602.99 | 848.96 | 5.14 | 0.56 | 221.57 | 207.39 | 107.67 |
| 31-Mar-23 | 705.09 | 723.40 | 6.37 | 0.69 | 232.00 | 213.61 | 117.92 |
| 30-Sep-23 | 629.41 | 467.21 | 27.46 | 2.98 | 311.40 | 204.95 | 72.84 |
Objective of Exicom Tele Systems IPO Issue
- 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 Basic Details
| IPO Date | Feb 27, 2024 to Feb 29, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹135 to ₹142 per share |
| Lot Size | 100 Shares |
| Issue Size | 30,211,214 shares of ₹10 (aggregating up to ₹429.00 Cr) |
| Fresh Issue | 23,169,014 shares of ₹10 (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 | NSE, BSE |
| Share holding pre issue | 97,655,501 |
| Share holding post issue | 120,824,515 |
| Company Promoters | NextWave Communications Private Limited and the individual Promoter, Anant Nahata |
Exicom Tele Systems IPO Reservation
| QIB Shares Offered | 75% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 10% of the Net Issue |
Exicom IPO Timetable
Exicom IPO will open on February 27, 2024 and close on February 29, 2024. You can join Exicom IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 February 2024 (Tuesday) |
| Closing Date | 29 February 2024 (Thursday) |
| Basis of Allotment | 1 March 2024 (Friday) |
| Initiation of Refunds | 4 March 2024 (Monday) |
| Credit of Shares to Demat | 4 March 2024 (Monday) |
| Listing Date | 5 March 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 29 February 2024 |
Exicom IPO Lot Size
For retail investors in Exicom IPO, 100 shares will come in 1 lot or the minimum investment will be ₹14,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹198,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 100 | ₹14,200 |
| Retail (Max) | 14 | 1,400 | ₹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 |
Exicom Tele Systems IPO Promoter Holding
The company’s promoters include NextWave Communications Private Limited and the individual Promoter, Anant Nahata.
| Pre Issue Share Holding | 93.28% |
| Post Issue Share Holding |
Exicom Tele Systems Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 1715.71 |
| Earning Per Share (EPS) | ₹0.69 per Equity Share |
| Net Asset Value (NAV) | ₹25.24 per Equity Share |
| P/E Ratio (P/E) (x) | 217.63 |
| Post P/E Ratio (P/E) (x) | 31.24 |
| Return on Net Worth (RoNW) (%) | 2.75 |
| Return on equity (ROE) (%) | 13.38 |
| Return on Capital Employed (ROCE) (%) | 10.92 |
| Price/Book Value Ratio | 5.63 |
Exicom Tele Systems Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CMP (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Exicom Tele-Systems Limited | Consolidated | 142.00 | 10.00 | 0.69 | 2.75 | 25.24 | |
| Peer Group | |||||||
| Servotech Power Systems Limited | Consolidated | 81.10 | 1.00 | 0.56 | 155.96 | 13.47 | 3.86 |
| HBL Power Systems Limited | Consolidated | 488.95 | 1.00 | 3.51 | 139.30 | 10.35 | 34.32 |
Exicom Tele Systems IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹130 | – | – |
| 23 February 2024 | ₹130 | – | – |
Exicom Tele Systems IPO Detail Video:
Exicom Tele Systems IPO Subscription Status (Bidding Detail)
The Exicom Tele Systems IPO on February 29, 2024 at 7:00:00 PM was subscribed 133.56 times, with the retail category being subscribed 124.27 times, the NII (Non-Institutional Investor) category being subscribed 159.29 times, QIB (Qualified-Institutional Buyers) category being subscribed 124.82 times.
| Category | Subscription |
| QIB | 124.82x |
| NII | 159.29x |
| Retail | 124.27x |
| Total | 133.56x |
Exicom Tele Systems IPO Prospectus
| Exicom Tele Systems IPO DRHP | Download |
| Exicom Tele Systems IPO RHP | Download |
| Exicom Tele Systems IPO Anchor Investors Details PDF | Download |
Exicom Tele Systems IPO Rating
| Our Rating | 4.0/5.0 |
Exicom Tele Systems Company Contact Information
Exicom Tele Systems Limited
Corporate Identity Number: U64203HP1994PLC014541
Registered Office: 8, Electronics Complex, Chambaghat, Solan, 173 213, Himachal Pradesh, India
Tel: +91 179 2230 948
Corporate Office: 3rd Floor, Plot No. 38, Institutional Area, Sector 32, Gurugram 122 001 Haryana, India
Tel: +91 124 6615 200
Contact Person: Sangeeta Karnatak, Company Secretary and Compliance Officer
Tel: +91 124 6615 200
E-mail: investors@exicom.in
Website: www.exicom.in
Our Promoters: Nextwave Communications Private Limited and Anant Nahata
Exicom Tele Systems IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai, Maharashtra- 400083
Telephone Number: +91 810 811 4949
E-mail: exicom.ipo@linkintime.co.in
Investor Grievance Email: exicom.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Exicom Tele Systems IPO Lead Manager
Monarch Networth Capital Limited
Registered Office: 4th Floor, B Wing, Laxmi Towers, G Block, Bandra Kurla Complex, Bandra I, Mumbai – 400 051
Telephone Number: +91 22 66476400
E-mail: projectcharge@mnclgroup.com
Investor Grievance E-mail: mbd@mnclgroup.com
Website: www.mnclgroup.com
Contact Person: Saahil Kinkhabwala/Aayushi Poddar
SEBI Registration No.: MB/INM000011013
Unistone Capital Private Limited
Registered Office: A/ 305, Dynasty Business Park, Andheri-Kurla Road, Andheri East, Mumbai – 400 059, India.
Telephone Number: +91 22 4604 6494
Email: mb@unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Website: www.unistonecapital.com
Contact Person: Brijesh Parekh
SEBI registration number: INM000012449
Systematix Corporate Services Limited
Registered Office: The Capital, A-Wing No. 603-606 6th Floor, Plot No. C-70 G-Block, BKC, Bandra (East) Mumbai- 400 051, Maharashtra, India
Telephone Number: +91 22 6704 8000
E-mail: mb.ipo@systematixgroup.in
Investor grievance e-mail: investor@systematixgroup.in
Website: www.systematixgroup.in
Contact Person: Jinal Sanghvi
SEBI registration No.: INM000004224
Exicom Tele Systems IPO FAQs
What is the lot size of Exicom Tele Systems IPO?
The total size of Exicom Tele Systems IPO is ₹429.00 crores out of which ₹329.00 crores is fresh issue and ₹100.00 crores is offer for sale (OFS).
When will Exicom Tele Systems IPO start?
Exicom Tele Systems IPO will open from 27 February 2024 and IPO will close on 29 February 2024.
What is the open date of Exicom Tele Systems IPO?
Exicom Tele Systems IPO will open date from 27 February 2024.
What is the last date ( close date ) of Exicom Tele Systems IPO?
Exicom Tele Systems IPO will close from 29 February 2024.
What is the price band of Exicom Tele Systems IPO?
Exicom Tele Systems IPO price band is ₹135 to ₹142. ( Upper Price Band: ₹142, Lower Price Band: ₹135 )
What is the minimum amount required to apply for Exicom Tele Systems IPO?
The minimum investment for retailers to apply for Exicom Tele Systems IPO is ₹14,200 and the maximum investment is ₹198,800.
What is going on gray market premium of Exicom Tele Systems IPO?
View gray market premium of Exicom Tele Systems IPO by Clicking Here
How much is the GMP of Exicom Tele Systems IPO?
Watch Exicom Tele Systems IPO GMP Today: Click Here
What is the allotment date of Exicom Tele Systems IPO?
The allotment date of Exicom Tele Systems IPO is 1 March 2024.
How to check allotment status in Exicom Tele Systems IPO?
To check the allotment status of Exicom Tele Systems IPO, first of all go to the registrar website by clicking here, select your bad Exicom Tele Systems IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Exicom Tele Systems IPO?
The listing date of Exicom Tele Systems IPO is 5 March 2024.
How much will be the listing gain in Exicom Tele Systems IPO?
View listing gain of Exicom Tele Systems IPO by Clicking Here
How much time Exicom Tele Systems IPO is subscribed?
Total 133.56 times subscribed in Exicom Tele Systems IPO out of which 124.27 times subscription was done in retail quota, 159.29 times subscription in NII quota and 124.82 times subscription in QIB quota.
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