
Exicom Tele-Systems Limited
Mainboard₹14,200 / 100 Shares
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 Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Feb 27, 2024 - Feb 29, 2024 | 5 Mar, 2024 | ₹10 Per Equity Share | ₹135-142 per equity share | 100 Shares | 23,169,014 Shares | 7,042,200 shares of ₹10 | BSE, NSE |
Exicom Tele-Systems Limited IPO Timeline
Issue Price
₹135-142 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdMarket 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 LimitedIssue 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 timesExicom Tele-Systems Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 705.09 | 723.40 | 6.37 | 232.00 | 213.61 | 117.92 |
| 31 Mar 22 | 602.99 | 848.96 | 5.14 | 221.57 | 207.39 | 107.67 |
| 31 Mar 21 | 678.46 | 524.36 | 3.45 | 213.44 | 201.55 | 101.76 |
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.
Exicom Tele-Systems Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 | 19.02 16.70 x 23.66 x | 27.03 x | 9.99 x |
| Day 2 - 28-02-24 05:00 PM | 4.48 x | 54.39 49.21 x 64.75 x | 64.79 x | 27.78 x |
| Day 3 - 29-02-24 05:00 PM | 121.80 x | 153.22 157.69 x 144.28 x | 119.58 x | 129.54 x |
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