Exicom Tele-Systems Limited
CLOSEDIPO Date: 27 Feb - 29 Feb 2024
Listing Date: 5 Mar 2024
Price Range
₹135 to ₹142
Issue Size
429 Cr
Min Investment
₹13,500
Lot Size
100 Shares
Schedule of Exicom Tele-Systems Limited
Issue open date
27 Feb 2024
Issue close date
29 Feb 2024
UPI mandate deadline
29 Feb 2024 (5 PM)
Allotment finalization
1 Mar 2024
Share credit
4 Mar 2024
Listing date
5 Mar 2024
Mandate end date
14 Mar 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 429 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 429 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 1 Mar 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 5 Mar 2024 | ₹142 | ₹160 | ₹302 (112.68%) |
| 4 Mar 2024 | ₹142 | ₹160 | ₹302 (112.68%) |
| 3 Mar 2024 | ₹142 | ₹155 | ₹297 (109.15%) |
| 2 Mar 2024 | ₹142 | ₹155 | ₹297 (109.15%) |
| 1 Mar 2024 | ₹142 | ₹155 | ₹297 (109.15%) |
| 29 Feb 2024 | ₹142 | ₹151 | ₹293 (106.34%) |
| 28 Feb 2024 | ₹142 | ₹165 | ₹307 (116.2%) |
| 27 Feb 2024 | ₹142 | ₹180 | ₹322 (126.76%) |
| 26 Feb 2024 | ₹142 | ₹170 | ₹312 (119.72%) |
| 25 Feb 2024 | ₹142 | ₹130 | ₹272 (91.55%) |
| 24 Feb 2024 | ₹142 | ₹130 | ₹272 (91.55%) |
Performance Exicom Tele-Systems Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹135 to ₹142 | ₹ 461 (58.42%) | ₹ 155.61 | 9.58% |
About Exicom Tele-Systems Limited
Incorporated in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions. The company operates under two business verticals: 1. Power Systems: Exicom provides uninterrupted power solutions for digital communication networks. 2. EV Charging Solutions: Exicom has deployed over 61,000 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 among the first to enter India's EV charger manufacturing segment. 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 September 30, 2023, the company had installed more than 61,000 EV chargers across 400 locations in India. As of September 30, 2023, the company has deployed 470,810 Li-ion Batteries for application in the telecommunications sector, equivalent to a storage capacity of over 2.10 GWH. The company's manufacturing facility complies with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015. 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 September 30, 2023, the company employs 1,190 employees in India, of which 443 are contractual, 732 employees are technically qualified - 438 with diplomas and 294 with engineering degrees. The company also has 50 employees at its subsidiaries.
| Founded in | 1994 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
- Established player in the power systems and EV charging solutions industry
- Strong customer base including automotive OEMs, CPOs, and fleet aggregators
- First mover advantage in India's EV charger manufacturing segment
- Deployment of over 61,000 EV chargers across India
- ISO certified manufacturing facility
Risks
- High dependence on the EV sector which is still an emerging and highly competitive market in India.
- Significant portion of employees are contractual which could impact long-term workforce stability.
- Limited diversification beyond power systems and EV charging solutions, making the company vulnerable to sector-specific challenges.
- Relatively high reliance on a few large customers such as automotive OEMs and CPOs, posing risks of client concentration.
- Exposure to harsh environmental and electrical conditions could lead to higher maintenance and operational costs.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 124.82 |
| Non-Institutional Investors (NIIs) | 159.29 |
| Retail Individual Investors (RIIs) | 124.27 |
| Employee | N/A |
| Total | 133.56 |