Exicom Tele-System Limited IPO...
11 Jul, 2025
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Exicom Tele-System Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 30,211,214 shares (aggregating up to ₹429.00 Cr) |
| Fresh Issue | 23,169,014 shares (aggregating up to ₹329.00 Cr) |
| Offer for Sale | 7,042,200 shares of ₹10 (aggregating up to ₹100.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 97,655,501 |
| Share holding post issue | 120,824,515 |
Exicom Tele-System Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Exicom Tele-System Limited IPO Lot Size
| Application | Lots | Shares | 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 |
Exicom Tele-System Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 93.28% |
| Share Holding Post Issue | - |
Competitive Strength:
- -
Exicom Tele-System Limited IPO Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
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Frequently asked Questions (FAQs )
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What Is The Size Of The Exicom Tele-Systems IPO?
Exicom Tele-Systems plans to launch an Initial Public Offering (IPO). This comprises a new share issuance of INR 400 crores and the sale of 740 crores of existing equity shares. The funds generated will be utilized for facility setup, debt repayment, working capital, R&D, and general corporate purposes for the Company’s financial allocation.
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What Is The Price Band Of The Exicom Tele-Systems IPO?
The price band of the Exicom Tele-Systems IPO is INR 135 to 142 per share.
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What are the open and close dates for Exicom Tele-Systems Ltd IPO?
Exicom Tele-Systems Ltd IPO Opens for subscription from 27-Feb-2024 to 29-Feb-2024.
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What is the lot size and minimum order quantity of the Exicom Tele-Systems Ltd IPO?
The lot size of Exicom Tele-Systems Ltd is 100 shares. Retail investors can subscribe to minimum 1 lot and maximum 14 lots. The minimum and maximum application value is ₹14200 and ₹198800 respectively.
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What are the allotment dates for the Exicom Tele-Systems Ltd IPO?
Allotment date for Exicom Tele-Systems Ltd is 01-Mar-2024 and refund of application amount (in case allotment is not received) will begin from 04-Mar-2024. If your allotment goes through, then shares will be credited in your Demat account by 04-Mar-2024.
