IPO Details

Bidding Dates

26 Feb '24 - 28 Feb '24

Minimum Investment

₹14,200 / 1 Lot ( 100 Shares )

Price Range

₹135 - ₹142

Maximum Investment

₹198,800 / 14 Lots ( 1400 Shares )

Retail Discount

Not Applicable

Issue Size

₹429.00 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Feb 26, 2024

IPO Close Date

Feb 28, 2024

Basis of Allotment

Feb 29, 2024

Initiation of Refunds

Mar 3, 2024

Credit of Shares to Demat

Mar 3, 2024

Listing Date

Mar 4, 2024

Cut-off time for UPI mandate confirmation

Feb 28, 2024

Exicom Tele-Systems IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Feb 26, 2024

0.84x 19.79x 28.24x 10.99x

Day 2Feb 27, 2024

5.11x 55.60x 66.71x 30.08x

Day 3Feb 28, 2024

124.82x 159.29x 124.27x 133.56x

Exicom Tele-Systems IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 124.82
Non-Institutional Buyers 159.29
Retail Investors 124.27
Total 133.56

About Exicom Tele-Systems Ltd

Incorporated in 1994, Exicom Tele-Systems Ltd is a power management solutions provider. The company operates under two business verticals. First is the electric vehicle charger business, which provides both slow charging solutions, primarily for residential use, as well as fast charging solutions, like DC chargers, for business and ‘public charging’ networks in cities, highways, automotive OEMs, charge point operators, and fleet aggregators. 

Second is the critical power solutions business, wherein they design, manufacture and service critical digital infrastructure technology for overall energy management at telecommunications sites and enterprise environments. They offer a diversified portfolio of DC power conversion systems and Lithium ion-based energy storage solutions to deliver backup power during grid interruptions and have deployments in India, South East Asia and Africa. 

The revenue from the critical power business was more than double the revenue from EV chargers in FY 2023, although it was more than 10 times the same in FY 2022 and FY 2021.

The electric passenger vehicle and bus market is estimated to grow by 9 times between the financial years ending on March 31, 2023 and March 31, 2028, at a CAGR of 50% to 60%. Similarly, the telecommunications power systems market in India is expected to grow from approximately ₹15 billion in

FY 2023 to ₹22 billion in FY 2028 at a CAGR of 8.50%. A major player like Exicom can benefit from such expansion of its market.

Exicom Tele-Systems Ltd IPO Details

Exicom Tele-Systems Ltd IPO Date

The bidding for the Exicom Tele-Systems IPO will open from February 27, 2024, to February 29, 2024.

Exicom Tele-Systems Ltd IPO Price Band

Exicom Tele-Systems is a book-built IPO with a price range that has been decided at ₹135 to ₹142 per share.

Exicom Tele-Systems Ltd IPO Lot Size

The Exicom Tele-Systems Ltd IPO lot size has been decided at 100 shares.

Exicom Tele-Systems Ltd IPO Objectives 

The net proceeds will be utilised towards funding the following:

  1. Financing the cost towards setting up production/assembly lines at the planned manufacturing facility in Telangana.
  2. Repayment/pre-payment of certain borrowings.
  3. Funding incremental working capital requirements.
  4. Investment in R&D and product development.
  5. General corporate purposes.

Peer Details

The company’s peers include:

  1. Servotech Power Systems Ltd.
  2. HBL Power Systems Ltd.

How to Check the Allotment Status of the Exicom Tele-Systems Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Exicom Tele-Systems Ltd 

Registered office: 3rd Floor, Plot No. 38, Institutional Area, Sector 32, Gurugram 122 001, Haryana, India

Phone: +91 124 6615 200

E-mail: investors@exicom.in

Company Financials

Particulars Year Ending on March 31, 2023 Year Ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Income 4,672.13 7,233.99 8,489.57 5,243.64
Profit (Loss) for the Year 274.63 310.31 303.95 126.76
Profit After Tax Margin 6.04% 4.38% 3.61% 2.47%
Return on Capital Employed 9.17% 10.92% 17.66% 5.33%

Know before investing

Strengths

3
  1. The company was amongst the first entrants in the EV Chargers manufacturing segment in India and has a market share of 60% and 25% in the residential and public charging segments, respectively.

  2. The EV Charger industry is characterised by high industry barriers, including technological requirements, efficiency requirements, grid structure compatibility, partnerships, etc. Therefore, it is hard for new competition to enter this market and threaten Exicom’s market share easily.

  3. The company’s operations are vertically integrated with end-to-end product development capabilities. This includes concept, design, engineering and prototype testing, supported by their two dedicated R&D centres, and in-house manufacturing.

Risks

3
  1. Their top 5 customers of the critical power business constituted over 50% of their revenue source in FY 2023. This is a risk of excess concentration of revenue sources.

  2. A significant portion of their revenue from the critical power business is dependent on winning bids, which can be uncertain and require a lot of preparation and detailed cost calculation.

  3. 65% of their inputs in FY 2023 had to be sourced from global suppliers which exposes their supply chain to the risk of global scarcity. These include Li-ion cells and battery packs, semi-conductors, rectifier modules and other critical components required for manufacturing products from suppliers in China, Singapore, Hong Kong, and South Korea.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Exicom Tele-Systems Ltd IPO FAQs

What is Exicom Tele-Systems Ltd's IPO?

Exicom Tele-Systems  IPO is a book built IPO. The dates for the IPO have not been announced yet.

When will Exicom Tele-Systems Ltd's IPO be allotted?

The allotment date has not been announced yet.

When will Exicom Tele-Systems Ltd's IPO open for subscription?

The IPO subscription window has not been announced yet.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO has not been announced yet.

When will Exicom Tele-Systems Ltd list on exchanges?

Exicom Tele-Systems Ltd IPO will be listed on the NSE and the BSE. The dates for the IPO have not been announced yet.

How do I check the allotment status of the Exicom Tele-Systems Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Exicom Tele-Systems Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing has not been announced yet.

I have finished the application process for the Exicom Tele-Systems Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Exicom Tele-Systems Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Exicom Tele-Systems Ltd using one PAN?

You can submit only one application using your PAN card.