Exicom Tele-Systems Limited IPO | New Exicom Tele-Systems IPO
Exicom Tele-Systems Limited specializes in power systems and electric vehicle (EV) charging solutions. They operate in two main areas:
- 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, designed to withstand demanding environmental and electrical conditions.
As of March 31, 2023, Exicom was among the first to enter India’s EV charger manufacturing segment. They offer slow charging (AC chargers for homes) and fast charging solutions (DC chargers for businesses and public networks). Their customers include automotive OEMs, charge point operators, and fleet aggregators.
By September 30, 2023, Exicom had installed over 61,000 EV chargers across 400 locations in India. They also deployed 470,810 Li-ion Batteries for telecom, totaling over 2.10 GWH. The company’s manufacturing facility meets ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015 standards.
As of September 2023, Exicom has supplied EV Chargers to 70 customers, including 15 automotive OEMs, 32 CPOs, and four fleet aggregators. They employ 1,190 people in India, 443 contractual and 732 technically qualified employees – 438 with diplomas and 294 with engineering degrees. They also have 50 employees at their subsidiaries.
Exicom Tele-Systems Limited IPO – Details:
| IPO Opening Date | February 27, 2024 |
| IPO Closing Date | February 29, 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3,02,11,214 Shares Worth ₹429.00 Crore Fresh Issue: 2,31,69,014 Shares Worth ₹329.00 Crore Offer For Sale: 70,42,200 Shares Worth ₹100.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹135 – ₹142 |
| Market Lot | 100 Shares |
| Min Order | 100 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Exicom Tele-Systems Limited IPO – Date Schedule:
| IPO Open Date | February 27, 2024 |
| IPO Close Date | February 29, 2024 |
| Basis of Allotment Date | March 01, 2024 |
| Initiation of Refund | March 04, 2024 |
| Credit of Shares to Demat Account | March 04, 2024 |
| IPO Listing Date | March 05, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
Exicom Tele-Systems IPO – Lots Size & Price:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 100 | ₹14,200 |
| Retail (Max) | 14 | 1,400 | ₹1,98,800 |
| S-HNI (Min) | 15 | 1,500 | ₹2,13,000 |
| S-HNI (Max) | 70 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 71 | 7,100 | ₹10,08,200 |
Competitive Strengths:
- Established presence in the Indian EV Charger market, benefiting from being an early mover in a rapidly growing industry with high entry barriers.
- Extensive domain experience, diversified product portfolio, and a proven track record in critical cases.
- Vertically integrated operations supported by strong manufacturing capabilities, a robust supply chain, significant R&D efforts, and effective sales and marketing strategies.
- Strong focus on product development and engineering.
- Proven track record of maintaining long-standing relationships with a loyal customer base.
- Experienced and qualified leadership and management team.
Company Promoters:
- NextWave Communications Private Limited
- Anant Nahata
Company Financials:
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
| 31 March 2021 | 524.36 | 511.53 | 3.45 | 101.76 |
| 31 March 2022 | 848.95 | 809.18 | 5.13 | 107.67 |
| 31 March 2023 | 723.39 | 690.95 | 6.37 | 117.92 |
| 30 September 2023 | 467.21 | 431.30 | 27.46 | 72.84 |
Amount in ₹ Crores
Key Performance Indicator
| KPI | Values |
| ROE | 13.38% |
| ROCE | 10.92% |
| RoNW | 2.75% |
| P/BV | 5.63 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.65 | 4.55 |
| P/E (x) | 217.63 | 31.24 |
Object Of The Issue:
Contributing to the cost of establishing production/assembly lines at the upcoming manufacturing facility in Telangana.
– Repay or pre-pay some of the company’s borrowings.
– Providing partial funding for increased working capital needs.
– Investing in research and development as well as product development.
– Fulfilling general corporate purposes.
Exicom Tele-Systems IPO Peer Comparison :
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Servotech Power Systems Limited | 155.96 |
| 2 | 1 | HBL Power Systems Limited | 139.30 |
Exicom Tele-Systems IPO Promoter Holding:
| Pre Issue Share Holding | 93.29% |
| Post Issue Share Holding | 69.57% |
Exicom Tele-Systems Limited IPO FAQs:
Q. What is Exicom Tele-Systems IPO?
A. Exicom Tele-Systems IPO is a main-board IPO priced at ₹135 to ₹142 per equity share. It will be listed on both the BSE and NSE.
Q. When Exicom Tele-Systems IPO will open?
A. The IPO will open on February 27, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
Q. What is Exicom Tele-Systems IPO Investors Portion?
The investors’ portion for the IPO is allocated as follows: QIB – 75%, NII – 15%, and Retail – 10%.
How to Apply the Exicom Tele-Systems IPO?
To apply for the Exicom Tele-Systems IPO, you can use the ASBA (Application Supported by Blocked Amount) facility online through your bank account or via UPI through your stock brokers. Alternatively, you can apply through your stock brokers by completing the offline form.
How do you apply the Exicom Tele-Systems IPO through Angle One?
If you are applying through Angle One, log in to the Angle One Application, select the IPO, confirm your application, and approve the mandate through your UPI App on Net Banking or BHIM App.
How do you apply the Exicom Tele-Systems IPO through 5 Paisa?
If you are applying through 5 Paisa, log in to the 5 Paisa Application, select the IPO, confirm your application, and approve the mandate through your UPI App on Net Banking or BHIM App.
How do you apply the Exicom Tele-Systems IPO through Upstox?
If you are applying through Upstox, log in to the Upstox Application, select the IPO, confirm your application, and approve the mandate through your UPI App on Net Banking or BHIM App.
How do you apply the Exicom Tele-Systems IPO through IIFL?
If you are applying through IIFL, log in to the IIFL Application, select the IPO, confirm your application, and approve the mandate through your UPI App on Net Banking or BHIM App.
What is Exicom Tele-Systems IPO Size?
The size of the Exicom Tele-Systems IPO is ₹429.00 Crore, with a price band of ₹135 to ₹142 per equity share. The minimum bid is 100 shares with an amount of ₹14,200, and the maximum bid is 1,400 shares with an amount of ₹1,98,800.
What is Exicom Tele-Systems IPO Price Band?
Exicom Tele-Systems IPO with a price band of ₹135 to ₹142 per equity share. The minimum bid is 100 shares with an amount of ₹14,200, and the maximum bid is 1,400 shares with an amount of ₹1,98,800. What is Exicom Tele-Systems IPO Minimum and Maximum Lot Size?
What is the Exicom Tele-Systems IPO Allotment Date?
The IPO allotment date is March 01, 2024, and the listing date is March 05, 2024, on the BSE and NSE.
What is the Exicom Tele-Systems IPO Listing Date?
The IPO listing date is March 05, 2024, on the BSE and NSE.
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