Exicom Tele-Systems Limited

Exicom Tele-Systems Limited

Mainboard

₹14,200 / 100 Shares

Offer Date:Feb 27, 2024 - Feb 29, 2024
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IPO Details

Exicom Tele-Systems Limited IPO is priced between ₹135-142 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.

The IPO bidding period opened on 27 Feb, 2024, and closed on 29 Feb, 2024. The allotment results will be announced on 1 Mar, 2024, with a tentative listing date set for 5 Mar, 2024.

The total issue comprises Total ₹429.0 Cr :#Fresh Issue : 23,169,014 shares, amounting to ₹329.00 Cr.

Exicom Tele-Systems Limited IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Feb 27, 2024 - Feb 29, 20245 Mar, 2024₹10 Per Equity Share₹135-142 per equity share100 Shares23,169,014 Shares 7,042,200 shares of ₹10BSE, NSE

Exicom Tele-Systems Limited IPO Timeline

IPO Open Date
27 Feb, 2024
IPO Close Date
29 Feb, 2024
Basis of Allotment
1 Mar, 2024
Listing Date
5 Mar, 2024

Issue Price

₹135-142 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Market Lot

Retail: 100 Shares (₹14,200/-)
S-HNI: 1,500 Shares (₹2,13,000/-)
B-HNI: 7,100 Shares (₹10,08,200/-)

Lead Manager

Monarch Networth Capital LtdUnistone Capital Pvt LtdSystematix Corporate Services Limited

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)

Retail Portion

10% (Number of Retail Applications: 30,211 Approx),(Number of S-HNI Applications : 1,007 Approx),(Number of B-HNI Applications : 2,014 Approx)

Subscription

129.54 times

Exicom Tele-Systems Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 23705.09723.406.37232.00213.61117.92
31 Mar 22602.99848.965.14221.57207.39107.67
31 Mar 21678.46524.363.45213.44201.55101.76

All values are in ₹ Cr.

Exicom Tele-Systems Limited IPO Valuations

EPS PRE IPO

₹0.65/-

EPS POST IPO

₹4.55/-

PE PRE IPO

217.63

PE POST IPO

31.24

ROE

13.38%

ROCE

10.92%

DEBT EQUITY

-

RONW

2.75%

PAT MARGIN

-

PRICE TO BOOK VALUE

5.63

About Company

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.

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Exicom Tele-Systems Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved9,063,365
4,531,682

3,021,100    1,510,533
3,021,10016,616,168
Day 1 - 27-02-24 05:00 PM0.73 x
19.02

16.70 x   23.66 x
27.03 x9.99 x
Day 2 - 28-02-24 05:00 PM4.48 x
54.39

49.21 x   64.75 x
64.79 x27.78 x
Day 3 - 29-02-24 05:00 PM121.80 x
153.22

157.69 x   144.28 x
119.58 x129.54 x
Total No. of Applications:35,55,862 (Approx)

Exicom Tele-Systems Limited IPO - Issue Objectives

  1. Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana
  2. Repayment/pre-payment, in part or full, of certain borrowings of the company
  3. Part-funding incremental working capital requirements
  4. Investment in R&D and product development] General corporate purposes
Company Contact Details

Exicom Tele-Systems Limited

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Registrar Contact Details

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