Exicom Tele-System Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | March 5, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 135 to ₹ 142 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 3,02,11,214 shares (aggregating up to ₹ 429.00 Cr) |
| Fresh Issue | 2,31,69,014 shares (aggregating up to ₹ 329.00 Cr) |
| Offer for Sale | 70,42,200 shares of ₹10 (aggregating up to ₹ 100.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 9,76,55,501 |
| Share holding post issue | 12,08,24,515 |
About Exicom Tele-System Limited IPO
Exicom Tele-System Ltd. (ETSL) is an India headquartered power management solutions provider, operating under two business verticals,
(i) Critical power solutions business, wherein it designs, manufactures and services DC Power Systems and Li-ion based energy storage solutions to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas ("Critical Power Business").
(ii) Electric vehicle supply equipment ("EV "EV Charger Business") and which commenced commercial sales in the Financial Year ended March 31, 2019.
ETSL aims to be an impact business contributing to the sustainable energy transition by enabling electrification of transportation and energy stability of digital communication infrastructure. Exicom Tele-Systems IPO is a book-built issue of Rs 429.00 crores. The issue is a combination of fresh issue of 2.32 crore shares aggregating to Rs 329.00 crores and offer for sale of 0.7 crore shares aggregating to Rs 100.00 crores. Exicom Tele-Systems IPO price band is set at ₹135 to ₹142 per share. The minimum lot size for an application is 100 Shares. Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd and Systematix Corporate Services Limited are the book running lead managers of the Exicom Tele-Systems IPO, while Link Intime India Private Ltd is the registrar for the issue.
Objectives of Exicom Tele-Systems IPO
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- ● Part-financing the cost towards setting up production/assembly lines at the planned manufacturing facility in Telangana.
- ● Repayment/prepayment, 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.
Exicom Tele-Systems IPO Review
The company is the first mover in power management solutions and EV charging infrastructure. It has 60% market share in the EV charging segment and is poised for bright prospects ahead with the shift from conventional fuel to EV vehicles globally. The company marked a minor setback for FY23 top-line due to hiving off of its battery related business. Based on FY24 annualized earnings, the issue appears fully priced. However, considering the rising opportunities and timely expansion plans, investors may lap it up for the medium to long term rewards.
Exicom Tele-System Limited IPO Financial Information
Latest Revenue
467.21
₹ Crore
Profit After Tax
27.46
₹ Crore
Net Worth
311.40
₹ Crore
Total Borrowing
72.84
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 629.41 | 467.21 | 27.46 | 311.40 | 72.84 | ||||
| 31 Mar 2023 | 705.09 | 723.40 | 6.37 | 232.00 | 117.92 | ||||
| 31 Mar 2022 | 602.99 | 848.96 | 5.14 | 221.57 | 107.67 | ||||
| 31 Mar 2021 | 678.46 | 524.36 | 3.45 | 213.44 | 101.76 | ||||
| Amount in ₹ Crore | |||||||||
Exicom Tele-System Limited 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 |
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Competitive Strengths
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Exicom Tele-System Limited IPO Timeline
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday, February 29, 2024 |
| Basis of Allotment | Friday, March 1, 2024 |
| Initiation of Refunds | Monday, March 4, 2024 |
| Credit of Shares to Demat | Monday, March 4, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,200 |
| Retail (Max) | 14 | 1400 | ₹198,800 |
| S-HNI (Min) | 15 | 1,500 | ₹213,000 |
| S-HNI (Max) | 70 | 7,000 | ₹994,000 |
| B-HNI (Min) | 71 | 7,100 | ₹1,008,200 |