Exicom Tele-Systems Limited

27 Feb 2024 - 29 Feb 2024 Individual Category NSE

Min Investment

₹27000

Price Band

₹135-₹142

Issue Size

182.24 lakhs
Equity Shares

Lot Size

100 (per lot)

IPO Dates
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27 Feb 2024

Open Date

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29 Feb 2024

Close Date

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01 Mar 2024

Allotment Date

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05 Mar 2024

Listing Date

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.

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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.

Founded

1994

Managing Director

Anant Nahata

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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