What you must know about Exicom Tele Systems IPO?
by 5paisa Research Team
22 Feb 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 05-Mar-24
- IPO Price Range ₹135
- Listing Price ₹264
- Listing Change 85.9 %
- Last Traded Price ₹262.95
- Current Change 85.2 %
Exicom IPO Details
- Open Date 27-Feb-24
- Close Date 29-Feb-24
- Lot Size 100
- IPO Size ₹ 429 Cr
- IPO Price Range ₹ 135 to ₹ 142
- Min Investment ₹ 13500
- Listing Exchange BSE, NSE
- Basis of Allotment 01-Mar-24
- Refunds 04-Mar-24
- Credit to Demat Account 04-Mar-24
- Listing Date 05-Mar-24
Exicom Tele-Systems IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Feb-24 | 0.84 | 19.95 | 29.15 | 11.20 |
| 28-Feb-24 | 5.13 | 56.69 | 68.13 | 30.65 |
| 29-Feb-24 | 124.82 | 159.29 | 124.27 | 133.56 |
Exicom IPO Synopsis
Exicom Tele-Systems Limited IPO is set to open from 27th February to 29th February 2024. The company provides power management solutions. The IPO includes a fresh issue of 23,169,014 shares worth ₹329 cr. and an Offer-for-Sale (OFS) of 7,042,200 shares worth ₹100 cr. The total IPO size is ₹429 cr. The share allotment date is 1st March 2024, and the IPO will be listed on 5th March 2024 on the stock exchanges. The price band is set at ₹135 to ₹142 and the lot size is 100 shares.
Monarch Networth Capital Limited, Unistone Capital Private Limited, and Systematix Corporate Services Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Exicom Tele-Systems IPO:
● To partially fund the working capital requirements.
● To partially finance the cost of setting up assembly or production lines at the planned manufacturing unit in Telangana.
● To repay or prepay in part or full, the borrowings obtained by the company.
● To invest in R&D and product development.
● General corporate purposes.
Exicom Tele-Systems IPO Video:
About Exicom Tele-Systems
Established in 1994, Exicom Tele-Systems provides power management solutions. It is one of the first entrants in the EV Chargers manufacturing industry in the country as of March 2023.
Exicom Tele-Systems has two main verticals:
Critical power solutions business: Offers designing, manufacturing, and service related to DC Power Systems and Li-ion based energy storage solutions.
Electric vehicle supply equipment (EV Charger): Offers smart charging systems with innovative technology.
For the residential and public charging segments, the company had a market share of 60% and 25% respectively as of March 2023. While for Critical Power Business, it was 16% in the DC Power Systems market. Exicom Tele-System has installed 61,000+ EV chargers in around 400 locations in the country as of September 2023.
The company has three manufacturing facilities based in Solan, Himachal Pradesh and Gurugram. It also has ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications.
Peer Comparison
● Servotech Power Systems Limited
● HBL Power Systems Limited
For More Information:
Webstory on Exicom Tele-Systems IPO
Exicom Tele-Systems Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 707.93 | 842.80 | 512.90 |
| EBITDA | 52.43 | 67.42 | 29.51 |
| PAT | 31.03 | 30.39 | 12.67 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 705.09 | 602.99 | 678.45 |
| Share Capital | 7.23 | 7.23 | 7.23 |
| Total Borrowings | 473.09 | 381.42 | 465.01 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 2.57 | 56.03 | -13.45 |
| Net cash from / (used in) investing activities | 7.69 | -10.21 | -20.18 |
| Net cash flow from / (used in) financing activities | -15.50 | -17.16 | 46.45 |
| Net increase (decrease) in cash and cash equivalents | -5.23 | 28.65 | 12.81 |
Exicom IPO Key Points
-
Strengths
1. The company is an established player with an early-mover-and-learner advantage in the Indian EV Charger market.
2. It has domain experience and a diversified product portfolio.
3. The company has vertically integrated operations, backed by manufacturing capabilities, a robust supply chain, and significant research and development activities.
4. It focuses on product development and engineering capabilities.
5. The company has a track record of long-standing relationships with an established customer base.
6. Experienced and qualified leadership and management team.
-
Risks
1. The company is dependent on a few customers for a major part of its revenues.
2. It relies on global suppliers for the supply of raw materials.
3. The revenue is highly dependent on operations from the Indian telecommunication sector.
4. It has reported recorded operating losses in the past.
5. Exposed to international sales and operations risks.
6. It has reported negative cash flows in the past.
Exicom
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Exicom IPO FAQs
When does the Exicom Tele-Systems IPO open and close?
Exicom Tele-Systems IPO opens from 27th February to 29th February 2024.
What is the size of the Exicom Tele-Systems IPO?
The size of Exicom Tele-Systems IPO is ₹429 cr.
How to apply for the Exicom Tele-Systems IPO?
To apply for Exicom Tele-Systems IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Exicom Tele-Systems IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Exicom Tele-Systems IPO?
The price band of Exicom Tele-Systems IPO is set at ₹135 to ₹142 per share.
What is the minimum lot size and investment required for the Exicom Tele-Systems IPO?
The minimum lot size of Exicom Tele-Systems IPO is 100 shares and the minimum investment required to apply for the IPO is ₹13,500.
What is the allotment date of the Exicom Tele-Systems IPO?
The share allotment date of Exicom Tele-Systems IPO is 1st March 2024.
What is the Exicom Tele-Systems IPO listing date?
Exicom Tele-Systems IPO will be listed on 5th March 2024.
Who are the book runners for the Exicom Tele-Systems IPO?
Monarch Networth Capital Limited, Unistone Capital Private Limited, and Systematix Corporate Services Limited are the book-running lead managers for Exicom Tele-Systems IPO.
What is the objective of Exicom Tele-Systems IPO?
Exicom Tele-Systems will use proceeds for:
● To partially fund the working capital requirements.
● To partially finance the cost of setting up assembly or production lines at the planned manufacturing unit in Telangana.
● To repay or prepay in part or full, the borrowings obtained by the company.
● To invest in R&D and product development.
● General corporate purposes.
Contact Details of Exicom Tele-Systems IPO
Contact Information
Exicom Tele-Systems Limited
8, Electronics Complex,
Chambaghat
Solan 173 213
Phone: +91 124 6615 200
Email: investors@exicom.in
Website: https://www.exicom.in/
Exicom Tele-Systems IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: exicom.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Exicom Tele-Systems IPO Lead Manager
Monarch Networth Capital Ltd
Unistone Capital Pvt Ltd
Systematix Corporate Services Limited
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