The Exicom Tele Systems IPO started on February 27, 2024, and ended on February 29, 2024. Shares were allocated on March 1, 2024, and refund processes began on March 4, 2024. On March 4, 2024, the shares were credited to investors demat accounts. Exicom Tele Systems was officially listed on the stock exchange on March 5, 2024.
During the IPO, Exicom Tele Systems offered shares at a price range of ₹135 to ₹142 per share, and the lot size was 100 shares. The total issue size was ₹429.00 crores, with ₹329.00 crores from new shares and ₹100.00 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
Exicom IPO Subscription Update Video
Exicom Tele Systems IPO Subscription Status
The Exicom Tele Systems IPO on February 29, 2024 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, the 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 Basic Details
| Company Name | Exicom Tele Systems Limited |
| 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 |
About Exicom Tele Systems Limited
Established in 1994, Exicom Tele-Systems Limited specializes in providing power solutions, electric vehicle (EV) charging, and related services. The company operates in two main areas.
- Power Solutions: Exicom ensures uninterrupted power for digital communication networks.
- EV Charging: With over 6,000 AC and DC chargers deployed in India and Southeast Asia, Exicom’s EV charging solutions are built to endure tough environmental and electrical conditions.
As of March 31, 2023, Exicom stands among the pioneers in India’s EV charger manufacturing sector. They cater to both slow charging (AC chargers for homes) and fast charging (DC chargers for businesses and public networks). Their clientele includes renowned automotive manufacturers, charge point operators (CPOs), and fleet aggregators.
By September 30, 2023, Exicom had installed more than 61,000 EV chargers across 400 locations in India. Additionally, they deployed 470,810 Li-ion Batteries for telecommunications, boasting 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 supplied EV Chargers to over 70 clients, including 15 automotive OEMs, 32 national and regional CPOs, and four fleet aggregators.
With a workforce of 1,190 employees in India, including 443 contractual and 732 technically qualified individuals (438 with diplomas and 294 with engineering degrees), Exicom also has 50 employees at its subsidiaries.
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Exicom Tele Systems IPO FAQs
What is the start and end date of Exicom Tele Systems IPO Subscription?
The Exicom Tele Systems IPO started on February 27, 2024, and ended on February 29, 2024.
When does Exicom Tele Systems IPO Subscription open?
The Exicom Tele Systems IPO open on February 27, 2024.
When does Exicom Tele Systems IPO Subscription close?
The Exicom Tele Systems IPO Close on February 29, 2024.
What is the allotment date of Exicom Tele Systems IPO?
The allotment date for Exicom Tele Systems IPO is March 1, 2024.
When is the initial refund date of Exicom Tele Systems IPO?
The initial Refund date for Exicom Tele Systems IPO is March 4, 2024.
When were the shares credited to investors demat accounts for the Exicom Tele Systems IPO?
The shares for the Exicom Tele Systems IPO were credited to investors demat accounts on March 4, 2024.
When will Exicom Tele Systems IPO be listed on the stock market?
Exicom Tele Systems IPO stock market will be listed on March 5, 2024 at 10 am.
What was the price range of the Exicom Tele Systems IPO shares?
The Exicom Tele Systems IPO shares were offered at a price range of ₹135 to ₹142 per share.
What was the lot size for the Exicom Tele Systems IPO shares?
The lot size for the Exicom Tele Systems IPO shares was 100 shares.
What was the total issue size of the Exicom Tele Systems IPO?
The total issue size of the Exicom Tele Systems IPO was ₹429.00 crores.
How were the shares allocated among different types of investors for the Exicom Tele Systems IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Exicom Tele Systems IPO listed?
The Exicom Tele Systems IPO was listed on both the NSE and BSE.
What is the Exicom Tele Systems IPO Subscription Status?
Exicom Tele Systems IPO is subscribed 133.56 Times.
