Exicom Tele-Systems IPO Price: ₹135 to ₹142
IPO Date Range: Feb 27, 2024 - Feb 29, 2024
Established in 1994, Exicom Tele-Systems Limited is a specialized firm focusing on power systems, electric vehicle (EV) charging, and associated solutions.
The company operates within two distinct business verticals:
As of March 31, 2023, Exicom Tele-Systems Limited stands among the early entrants into India's EV charger manufacturing segment. Operating in the EV Charger business, the company offers a comprehensive range, including slow charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public networks in urban areas and highways). The customer base comprises established automotive OEMs, charge point operators (CPOs), and fleet aggregators.
By September 30, 2023, Exicom had successfully installed more than 61,000 EV chargers across 400 locations in India, showcasing a robust market presence. Additionally, the deployment of 470,810 Li-ion Batteries for telecommunications applications, equivalent to a storage capacity exceeding 2.10 GWH, highlights the company's significant contribution to energy storage solutions.
As of September 2023, Exicom has supplied EV Chargers to a diverse clientele, serving over 70 customers, including 15 automotive OEMs, 32 national and regional CPOs, and four fleet aggregators. This underscores the company's wide-ranging impact and strong partnerships within the evolving landscape of electric mobility.
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹142 per share |
| Lot Size | 100 shares |
| Total Issue Size | 30,211,214 shares (aggregating up to ₹429.00 Cr) |
| Fresh Issue | 23,169,014 shares (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 | BSE, NSE |
| Share holding pre issue | 97,655,501 |
| Share holding post issue | 120,824,515 |
Bidders have the opportunity to bid for a minimum of 100 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,200 |
| Retail (Max) | 14 | 1400 | ₹198,800 |
| S-HNI (Min) | 15 | 1500 | ₹213,000 |
| S-HNI (Max) | 70 | 7000 | ₹994,000 |
| B-HNI (Min) | 71 | 7100 | ₹1,008,200 |
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| 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 |
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Exicom Tele-Systems Limited experienced a 14.79% decline in revenue, while the profit after tax (PAT) saw a notable increase of 24.07% comparing the financial years ending on March 31, 2023, and March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 678.46 | 602.99 | 705.09 | 629.41 |
| Revenue | 524.36 | 848.96 | 723.40 | 467.21 |
| Profit After Tax | 3.45 | 5.14 | 6.37 | 27.46 |
| Net Worth | 213.44 | 221.57 | 232 | 311.40 |
| Reserves & Surplus | 201.55 | 207.39 | 213.61 | 204.95 |
| Total Borrowing | 101.76 | 107.67 | 117.92 | 72.84 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 1715.71 |
| P/E (x) | 217.36 |
| ROE | 13.38% |
| ROCE | 10.92% |
| EPS | 0.65 |
| RoNW | 2.75% |
The company intends to allocate the Net Proceeds for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Exicom Tele-Systems DRHP and Exicom Tele-Systems RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Exicom Tele-Systems Limited" IPO is ₹135 to ₹142 per share.
The "Exicom Tele-Systems Limited" IPO is expected to be listed on Tuesday, 5 March 2024.
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