The Exicom Tele Systems IPO commenced on February 27, 2024, and concluded on February 29, 2024. The allotment of shares took place on March 1, 2024, and the initiation of refunds began on March 4, 2024. The shares were credited to the demat accounts of investors on March 4, 2024. Finally, the listing of Exicom Tele Systems on the stock exchange occurred on March 5, 2024.
The Exicom Tele Systems IPO was priced at ₹135 to ₹142 per share, with a lot size of 100 shares. The total issue size was ₹429.00 crores, comprising a fresh issue of ₹329.00 crores and an offer for sale of ₹100.00 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 75% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 10% of the shares.
Exicom Tele Systems IPO Basic Details
| Company Name | Exicom Tele Systems Limited |
| Exicom Tele Systems IPO GMP Today | ₹130 |
| Exicom Tele Systems IPO Listing Gain | 91.55% |
| Exicom Tele Systems IPO Open Date | February 27, 2024 |
| Exicom Tele Systems IPO Close Date | February 29, 2024 |
| Exicom Tele Systems IPO Allotment Date | March 1, 2024 |
| Exicom Tele Systems IPO Listing Date | 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 |
| Company Promoters | NextWave Communications Private Limited and the individual Promoter, Anant Nahata |
Exicom Tele Systems IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹130 | 91.55% | – | – |
| 23 February 2024 | ₹130 | 91.55% | – | – |
Exicom IPO Details:
Founded in 1994, Exicom Tele-Systems Limited specializes in creating power solutions, electric vehicle (EV) charging, and related services. The company has two main areas of focus:
- Power Systems: Exicom ensures uninterrupted power 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 built to withstand tough environmental and electrical conditions.
As of March 31, 2023, Exicom is one of the pioneers in India’s EV charger manufacturing. The company operates in the EV Charger business, providing slow charging solutions (mainly for homes) and fast charging solutions (for businesses and public networks in cities and highways). Their clientele includes well-known automotive companies, charge point operators (CPOs), and fleet aggregators.
By September 30, 2023, Exicom had installed over 61,000 EV chargers across 400 locations in India. Additionally, they deployed 470,810 Li-ion Batteries by the same date, equivalent to a storage capacity of over 2.10 GWH, catering to the telecommunications sector.
Exicom’s manufacturing facility adheres to ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015 standards.
As of September 2023, Exicom has supplied EV Chargers to more than 70 customers, including 15 automotive OEMs, 32 national and regional CPOs, and four fleet aggregators.
With a workforce 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 its subsidiaries, Exicom continues to make significant strides in the power and EV charging sectors.
Exicom Tele Systems IPO More Details Click Here
Exicom Tele Systems IPO FAQs
When is Exicom Tele Systems IPO open?
Exicom Tele Systems IPO will open on 27 February 2024.
When is Exicom Tele Systems IPO Close?
Exicom Tele Systems IPO will be closed on 29 February 2024.
What is Exicom Tele Systems IPO GMP Today?
The Exicom Tele Systems IPO GMP aka Grey Market Premium is ₹130.
What is Exicom Tele Systems IPO Kostak Rates Today?
The Exicom Tele Systems IPO Kostak Rate is ₹000.
What is Exicom Tele Systems IPO Subject to Sauda Price Today?
The Exicom Tele Systems IPO subject to sauda rates is ₹000.
Exicom Tele Systems IPO Expected Returns?
The Exicom Tele Systems expected return is 91.55%.
How much will be the listing gain in Exicom Tele Systems IPO?
Exicom Tele Systems IPO will get listing gain of 91.55%. (Approx.)
