Exicom Tele-Systems Limited IPO
Exicom Tele-Systems Limited IPO is listed on BSE and NSE, priced at ₹135–₹142 per share. The stock debuted at ₹265, delivering a listing gain of 86.6%. The IPO had a lot size of ₹100 shares and a minimum investment of ₹14,200.
Exicom Tele-Systems Limited IPO
- IPO Dates
- Feb 27, 2024 – Feb 29, 2024
- Price band
- ₹135-142 per equity share
- Minimum Investment
- ₹14,200
- Issue size
- ₹429 Cr
- Lot size
- 100
- Allotment Date
- Mar 1, 2024
- Listing
- Mar 5, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Feb 27, 2024
Open Date
Completed
-
Feb 29, 2024
Close Date
Completed
-
Mar 1, 2024
Allotment Date
Completed
-
Mar 5, 2024
Listing Date
Completed
Price Summary
- Last closing
- 112.29 (-20.92%)
- 52 week high
- 208.84
- 52 week low
- 75.60
- Last update
Exicom Tele-Systems Limited IPO Essentials
Exicom Tele-Systems Limited IPO Details
Exicom Tele-Systems Limited IPO is priced at ₹135-142 per share with a total issue size of 429 crore. The IPO has a lot size of 100 shares and is listed on BSE and NSE.
- Issue price
- ₹135-142 per equity share
- Lot size
- 100 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹429.0 Cr :
#Fresh Issue : 23,169,014 shares(aggregating up to ₹329.00 Cr) +
#OFS : 7,042,200 shares of ₹10(aggregating up to ₹100.00 Cr) - Total issue size
- 3,02,11,214 shares
(aggregating up to ₹429 crore) - Fresh issue
- 2,31,69,014 shares
(aggregating up to ₹329 crore) - Offer for sale (OFS)
- 70,42,200 shares
(aggregating up to ₹100 crore) - Listing at
- BSE, NSE
- List price
- 265.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, Systematix Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 100 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹14,200 |
| Retail(max) | 14 | 1,400 | ₹1,98,800 |
| sHNI(min) | 15 | 1,500 | ₹2,13,000 |
| sHNI(max) | 70 | 7,000 | ₹9,94,000 |
| sHNI(min) | 71 | 7,100 | ₹10,08,200 |
Exicom Tele-Systems Limited IPO Reservation
Exicom Tele-Systems Limited IPO reservation details show category-wise allocation of shares. Out of the total 30,211,200 shares, approximately 33.5% are reserved for QIB, 15% for NII, 10% for retail investors, and 41.5% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 12,538,800 (41.5%) | |
| QIB Shares Offered | 10,119,700 (33.5%) | |
| NII (HNI) Shares Offered | 4,531,600 (15%) | |
| bHNI > ₹10L | 3,021,100 (10%) | 2,014 |
| sHNI < ₹10L | 1,510,500 (5%) | 1,007 |
| Retail Shares Offered | 3,021,100 (10%) | 30,211 |
| Total Shares Offered | 30,211,200 (100%) |
Exicom Tele-Systems Limited IPO Analytics
Exicom Tele-Systems Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Exicom Tele-Systems Limited IPO Subscription Status
Exicom Tele-Systems Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 9,063,365 |
4,531,682
3,021,100
1,510,533
|
3,021,100 | 16,616,168 |
|
Day 1
27-02-24 05:00 PM
|
0.73 x |
19.02x
16.70x
23.66x
|
27.03 x | 9.99 x |
|
Day 2
28-02-24 05:00 PM
|
4.48 x |
54.39x
49.21x
64.75x
|
64.79 x | 27.78 x |
|
Day 3
29-02-24 05:00 PM
|
121.80 x |
153.22x
157.69x
144.28x
|
119.58 x | 129.54 x |
Exicom Tele-Systems Limited Valuations
Earnings
- EPS Pre IPO
- ₹0.65/-
- EPS Post IPO
- ₹4.55/-
- P/E Pre IPO
- 217.63
- P/E Post IPO
- 31.24
Returns
- ROE
- 13.38%
- ROCE
- 10.92%
- RoNW
- 2.75%
Fundamentals
- Price / Book
- 5.63
Exicom Tele-Systems Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 705.09 | 602.99 | 678.46 |
| Revenue | 723.40 | 848.96 | 524.36 |
| Profit After Tax | 6.37 | 5.14 | 3.45 |
| Net Worth | 232.00 | 221.57 | 213.44 |
| Reserves & Surplus | 213.61 | 207.39 | 201.55 |
| Total Borrowing | 117.92 | 107.67 | 101.76 |
Exicom Tele-Systems Limited Company & Offer Insights
About Exicom Tele-Systems Limited
Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions. The company operates under two business vericals.
Power Systems: Exicom provides uninterrupted power solutions for digital communication networks.
EV Charging Solutions: Exicom has deployed over 6,000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions.As of March 31, 2023, the company 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 charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public charging networks in cities and highways). The customer base includes established automotive OEMs (for passenger cars and EV buses), charge point operators (CPOs), and fleet aggregators.
By March 31, 2023, the company had installed more than 35,000 EV chargers across 400 locations in India.
The company's manufacturing facility is compliant with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015.
The company's revenue from operations increased from ₹ 5,129.05 million in FY'21 to ₹ 7,079.30 million in FY'23, representing a CAGR of 17.48%.
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.
As of August 31, 2023, the company employs 1,124 employees in India, of which 421 are contractual. 705 employees are technically qualified - 431 with diplomas and 274 with engineering degrees. The company also has 43 employees at its subsidiaries.
Exicom Tele-Systems Limited Promoter(s)
NextWave Communications Private Limited, Anant Nahata are the company's promoters of Exicom Tele-Systems Limited.
Exicom Tele-Systems Limited IPO Issue Objectives
- •
- Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana
- •
- Repayment/pre-payment, in part or full, of certain borrowings of the company
- •
- Part-funding incremental working capital requirements
- •
- Investment in R&D and product development] General corporate purposes
Exicom Tele-Systems Limited IPO - Anchor Investors
Exicom Tele-Systems mobilises Rs 178 crore from anchor investors ahead of IPO.
Several marquee investors participated in the offer including Maybank Asiapac Ex-Japan Equity I Fund, Nepean Long Term Opportunities Fund, Abakkus Diversified Alpha Fund, Quant Mutual Fund, JM Financial Mutual Fund, Aditya Birla Sun Life Trustee, and SBI General Insurance Company.
Quant Mutual Fund through Quant Momentum Fund was the biggest investor in Exicom, buying Rs 53.05 crore worth of shares, followed by Bajaj Allianz Life Insurance Company which picked nearly Rs 20 crore worth shares.
ITI Small Cap Fund was the third largest investor in the company via anchor book, acquiring Rs 17.5 crore worth shares, followed by JM Flexicap Fund which bought Rs 12 crore worth of shares.
Exicom Tele-Systems Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Exicom Tele-Systems Limited | 3.38 | 3.38 | 25.24 | N/A | 2.75 | N/A | Consolidated |
| Servotech Power Systems Limited | 0.52 | 0.56 | 3.86 | 155.96 | 13.47 | 21.01 | Consolidated |
| Hbl Power Systems Ltd. | 3.51 | 3.51 | 34.32 | 139.3 | 10.35 | 14.25 | Standalone |
Notes:
- For listed peer - sourced from the annual audited financial results of the listed peer for the year ended March 31, 2023.
- For listed peers, the P/E Ratio has been computed based on the closing market price of equity shares on the website of NSE as of January 25, 2024, divided by the Basic EPS.
- For listed peers, return on Net Worth for equity shareholders (%) (RONW) = Profit for the year divided by total net worth. Net worth means equity share capital plus other equity.
- For listed peers, NAV is computed as equity attributable to owners (total equity) divided by the number of equity shares outstanding at the end of the year.
- For the Company, after March 31, 2023, the Company undertook a bonus issue of Equity Shares in the proportion of 11 Equity Shares for every one Equity Share held by the Shareholders as on the record date as September 15, 2023, pursuant to resolutions dated September 15, 2023, and September 16, 2023 passed by the Board and Shareholders, respectively and the NAV per Equity Share disclosed above is adjusted for the bonus issue.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Exicom Tele-Systems Limited IPO is a book-built IPO worth ₹429 crore. The price band is ₹135–₹142 per share. The IPO opens on Feb 27, 2024 and closes on Feb 29, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Exicom Tele-Systems Limited IPO is ₹135 to ₹142 per share.
The lot size of Exicom Tele-Systems Limited IPO is 100 shares.
The minimum investment for Exicom Tele-Systems Limited IPO is approximately ₹14,200 based on the upper price band .
Exicom Tele-Systems Limited IPO opens on Feb 27, 2024 and closes on Feb 29, 2024.
The allotment date of Exicom Tele-Systems Limited IPO is Mar 1, 2024.
Exicom Tele-Systems Limited IPO is expected to be listed on Mar 5, 2024, on BSE and NSE .
Exicom Tele-Systems Limited IPO listed on Mar 5, 2024. It was issued at ₹265.0(NSE) and is currently around ₹112.29 as on 14-May-2026 3:30 PM, which is approximately -20.9% versus issue price. The 52-week high is ₹208.84.
Based on listing and post-listing performance, Exicom Tele-Systems Limited IPO delivered around -20.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Exicom Tele-Systems Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Exicom Tele-Systems Limited IPO valuation snapshot: P/E 31.24, EPS ₹4.55/-, P/B 5.63, RoNW 2.75%, and market cap N/A.
To apply for Exicom Tele-Systems Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Exicom Tele-Systems Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Exicom Tele-Systems Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Exicom Tele-Systems Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Exicom Tele-Systems Limited IPO allotment status on IPO Ji for quick and easy access.