05-Feb-2024
2 mins read
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Exicom Tele-Systems Limited IPO is coming up with its Initial Public Offering. This IPO is open for subscription from Tuesday, February 27, 2024, and will close on Thursday, February 29, 2024. The price band is decided at Rs 135 to Rs 142 per share. The minimum lot size of this application for the retail category is 100 shares. The minimum lot size for small non-institutional investors is 15 lots consisting of 1,500 shares. Meanwhile, the minimum lot for big non-institutional investors is 71 lots with 7,100 shares. The minimum amount of investment required for retail category investors is Rs 14,200 (142 x 100 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,13,000 ( 142 x 1,500 shares); for big non-institutional investors, it is Rs 10,08,200 (142 x 7,100 shares).
Exicom Tele-Systems Limited IPO is a book-built issue of Rs 429 crores. This IPO issue is a combination of a fresh issue and an offer for sale. The fresh issue consists of 2.32 crore equity shares amounting to Rs 329 crore. Meanwhile, the offer for sale consists of 0.7 crore equity shares amounting to Rs 100 crores. The allotment for this IPO is expected to be finalized on Friday, March 1, 2024. Exicom Tele-Systems Limited IPO will be listed on both NSE and BSE, and the listing date is fixed on Tuesday, March 5, 2024. The book running lead manager of Exicom Tele-Systems Limited is Unistone Capital Private Limited, Monarch Networth Capital Private Limited, Systematix Corporate Services Private Limited. The registrar for this IPO is Link Intime India Private Limited.
About Exicom Tele-Systems Limited
Exicom Tele-Systems Limited was incorporated in 1994, it is engaged in the business of power system and EV charging and other solutions. The company operates under two business verticals. 1. Power System: In this Exicom Tele-systems provide uninterrupted power solutions for digital communication networks. 2. EV charging solution: Exicom has deployed over 6000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions. Exicom is one of the first to enter the EV charger manufacturing segment in India. The company operates in the EV charger business, which offers both slow and fast charging solutions. The customer base includes established automotive OEMs, charge point operators and fleet aggregators. 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.
Objectives of the Exicom Tele-Systems IPO
The net proceeds from the issue will be used for the Part-financing the cost toward setting up of production/assembly lines at the planned manufacturing facility in Telangana. Moreover, the funds will also be utilized for repayment or prepayment of the company’s borrowings. Also funds will be used for the funding of incremental capital requirements. Other than this, the company is also thinking of investing in Research and development.
Financials of Exicom Tele-System Limited (Amt in Crores)
Company’s revenue decreased by -14.79% and profit after tax decreased by 24.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 705.09 | 602.99 | 678.46 |
| Revenue | 723.4 | 848.96 | 524.36 |
| Profit After Tax | 6.37 | 5.14 | 3.45 |
| Net Worth | 232 | 221.57 | 213.44 |
| Reserves and Surplus | 213.61 | 207.4 | 201.55 |
| Total Borrowing | 117.92 | 107.67 | 101.76 |
Other Important Details of Exicom Tele-System Limited IPO
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | 5-Mar-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 135 to Rs 142 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 30,211,214 shares |
| amounting to Rs 429 crore | |
| Fresh Issue | 23,169,014 shares |
| amounting to Rs 329 crore | |
| Offer for Sale | 7,042,200 shares of Rs 10 |
| amounting to Rs 100 crore | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE and BSE |
| Shareholding pre issue | 97,655,501 |
| Shareholding post issue | 120,824,515 |
IPO Reservation of Exicom Tele-System Limited
| Category Of Investors | Equity Shares Offered |
| Equity shares offered to Qualified Institutional Investors | Not more than 50 percent of the Net Issue |
| Equity shares offered to the Retail Investors | Not less than 35 percent of the Net Issue |
| Equity shares offered to Non-Institutional Investors | Not less than 15 percent of the Net Issue |
Promoters of Exicom Tele-System Limited and Their Holdings
The Promoters of the company are the corporate Promoter, NextWave Communications Private Limited and the individual Promoter, Anant Nahata.
| Shareholding Pre Issue | 93.28% |
| Shareholding Post Issue |
Time-Table of Exicom Tele-System Limited IPO 2024
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday, February 29, 2024 |
| Basis of Allotment | Friday, March 1, 2024 |
| Initiation of Refunds | Monday, March 4, 2024 |
| Credit of Shares to Demat | Monday, March 4, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
Key Valuation Indicator of Exicom Tele-System Limited
The market capitalization of Exicom Tele-System Limited is 1715.71 crore.
| KPI | Values |
| ROE | 13.38% |
| ROCE | 10.92% |
| Debt/Equity | 0.4 |
| RoNW | 2.75% |
Lead Manager(s) of Exicom Tele-System Limited IPO
The lead manager for Exicom Tele-System Limited IPO is Unistone Capital Private Limited, Monarch Networth Capital Private Limited, Systematix Corporate Services Private Limited.
How to Apply for Exicom Tele-System Limited IPO?
Wait for the public issue to open for subscription, then click here to apply for the Exicom Tele-System Limited IPO with Bigul.
How to Check Allotment Status of Exicom Tele-System Limited IPO?
The registrar for Exicom Tele-System Limited IPO is Link Intime India Private Limited. To check your allotment status, please click here.
FAQs
- What is Exicom Tele-System Limited IPO?
Tele-Systems Limited IPO is a book-built issue of Rs 429 crores. This IPO issue is a combination of fresh issue and offer for sale. The fresh issue consists of 2.32 crore equity shares amounting to Rs 329 crores. Meanwhile, the offer for sale consists of 0.7 crore equity shares amounting to Rs 100 crores.
- Who are the lead managers for the Exicom Tele-System Limited IPO?
Unistone Capital Private Limited, Monarch Networth Capital Private Limited, Systematix Corporate Services Private Limited are appointed as the lead managers for the IPO.
- What is the role of Link Intime India Private Limited in this IPO?
Link Intime India Private Limited is the registrar for Exicom Tele-System Limited, handling the IPO’s administrative aspects.
- How can I apply for the Exicom Tele-System Limited IPO 2024?
The public subscription of this IPO will begin from February 27, 2024. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The net proceeds from the issue will be used for the Part-financing the cost toward setting up of production/assembly lines at the planned manufacturing facility in Telangana. Moreover, the funds will also be utilized for repayment or prepayment of the company’s borrowings. Also, funds will be used to fund incremental capital requirements.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Exicom Tele-System Limited IPO 2024. Please click here.
- What is the financial performance of Exicom Tele-System Limited?
The company’s revenue decreased by -14.79%, and profit after tax decreased by 24.07% between the financial year ending with March 31, 2023 and March 31, 2022.