Exicom Tele-Systems Limited

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.