Exicom Tele-Systems was incorporated on 9 May 1994 as Himachal Exicom Communications. The company, headquartered in India, is a power management solutions provider operating under two business verticals. Firstly, the electric vehicle supply equipment solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India. Secondly, its critical power solutions business, wherein it designs, manufactures, and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas.
| Bidding Dates |
|---|
| 27 Feb 2024 - 29 Feb 2024 |
| Subscription |
|---|
| 129.54x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,500 | 1 | 14 | 100 | 31.4 M | ₹135 - ₹142 | 68.89 % | ₹4240.7 M - ₹4460.6 M | RHP DOC |
Exicom Tele-Systems IPO SUBSCRIPTION STATUS
29 Feb '24Exicom Tele-Systems IPO overall subscription rate was 129.54 times the total available shares
Exicom Tele-Systems IPO retail subscription rate was 119.59 times in the retail segment
Exicom Tele-Systems IPO non-institutional investor subscription rate was 153.22 times in the non-institutional investor category
Exicom Tele-Systems IPO Qualified Institutional Bidder subscription rate was 121.8 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
29 Feb 2024 (Day 3) | 119.59x | 153.22x | 121.8x |
28 Feb 2024 (Day 2) | 64.79x | 54.39x | 4.48x |
27 Feb 2024 (Day 1) | 27.16x | 19.04x | 0.73x |
Exicom Tele-Systems FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 274.6 | 4,550.4 | 293.2 | 209.0 | 9.1% |
| H1FY23 | -275.5 | 2,159.5 | -151.1 | -172.2 | 2.0% |
| FY23 | 63.7 | 7,079.3 | 25.7 | -138.6 | 7.41% |
| FY22 | 51.4 | 8,428.1 | 560.4 | 360.8 | 8.0% |
| FY21 | 34.5 | 5,129.1 | -134.6 | -313.6 | 5.8% |
Exicom Tele-Systems IPO SUBSCRIPTION STATUS DETAILS
Exicom Tele-Systems had 31.4 M shares on offer
Exicom Tele-Systems IPO offer price was in the range ₹135 - ₹142
Exicom Tele-Systems IPO minimum Investment was ₹13500
Exicom Tele-Systems IPO issue size was ₹ 4240.7 M - ₹ 4460.6 M
Exicom Tele-Systems had a minimum lot size of 100 Shares per application
Exicom Tele-Systems NUMBER OF SHARES ON OFFER
Exicom Tele-Systems IPO IMPORTANT DATES
| Issue Open Date | 27 Feb 2024 |
| Issue close Date | 29 Feb 2024 |
| Allotment Date | 01 Mar 2024 |
| Refund Date | 04 Mar 2024 |
| Demat Account Credit Date | 04 Mar 2024 |
| Listing Date | 05 Mar 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Exicom Tele-Systems Allotment Status | Exchange |
Exicom Tele-Systems IPO subscription opened on 27 Feb 2024, and closed on 29 Feb 2024
IPO allotment for Exicom Tele-Systems was finalized on Friday, 01 Mar 2024
IPO listing for Exicom Tele-Systems was on NSE and BSE on Tuesday, 05 Mar 2024
Exicom Tele-Systems IPO LISTING GAINS
| Issue Price (adjusted) | 142.0 |
| Listing Open Price | 265.0 |
| Listing Close Price | 224.9 |
| Listing Gain% | 86.6% |
| Current Gain% | 7.9% |
Exicom Tele-Systems Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exicom Tele-Systems Ltd. | 153.2 | 1869.7 | -8.2 | 0.4 | 1.7 | -42.1 | -13.8 | 1174.5 | 30.7 | -274.1 | -149.1 | -18.7 | -23.1 |
| Adani Power Ltd. | 210.6 | 406232.1 | 28.5 | 1.9 | 6.9 | 19.8 | 9 | 57865.3 | -1.8 | 12834.3 | -0.8 | 7.4 | 14.9 |
| NTPC Ltd. | 340.4 | 330123 | 11.9 | 0.7 | 1.7 | 13.3 | 4.8 | 189798.6 | -0.6 | 27052.5 | 15.5 | 28.6 | 15.9 |
| Power Grid Corporation of India Ltd. | 270.1 | 251209.3 | 15.8 | 5.2 | 5.3 | 15.8 | 5.4 | 47684.4 | 0.5 | 15928 | 2.6 | 17.1 | 3 |
| Adani Energy Solutions Ltd. | 1632 | 199586.2 | 68.4 | 3.1 | 6.5 | 9 | 2.4 | 28325.2 | 15.9 | 2282.5 | 115.3 | 23.9 | 21.8 |
| Tata Power Company Ltd. | 382 | 122062 | 31.6 | -6.5 | 1.9 | 9.5 | 2.1 | 64171.7 | -4.2 | 3747.2 | -5.6 | 12.1 | -4.8 |
Exicom Tele-Systems INFORMATION ON IPO ISSUE
About Exicom Tele-Systems
Exicom Tele-Systems was incorporated on 9 May 1994 as Himachal Exicom Communications. The company, headquartered in India, is a power management solutions provider operating under two business verticals. Firstly, the electric vehicle supply equipment solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India. Secondly, its critical power solutions business, wherein it designs, manufactures, and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas.
Object of the Issue
- Part-financing the cost towards setting up 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.
Exicom Tele-Systems - PROMOTERS
| Name |
|---|
| Anant Nahata |
| NextWave Communications Private Limited |
Exicom Tele-Systems Book running lead manager
Monarch Networth Capital Limited
projectcharge@mnclgroup.com
Unistone Capital Private Limited
mb@unistonecapital.com
Systematix Corporate Services Limited
mb.ipo@systematixgroup.in
Exicom Tele-Systems Registrar to the offer
Link Intime India Private Limited
exicom.ipo@linkintime.co.in
Exicom Tele-Systems Strengths
Market leader
The company is a market leader with an early-mover-and-learner advantage in the Indian EV charger market, a fast-growing industry characterized by high entry barriers
Domain experience
The company has domain experience and know-how, along with a diversified product portfolio and a track record of demonstrated outcomes in critical cases
Vertically integrated operations
The company has vertically integrated operations, backed by manufacturing capabilities, a robust supply chain, significant research and development activities, and sales and marketing initiatives
Exicom Tele-Systems Risks
Dependent on demand for EVs
The company's electric vehicle supply equipment business (EV Charger Business) is correlated with, and thus dependent upon, the continuing rapid adoption of and demand for electric vehicles (EVs)
Dependent on few customers
The company is dependent on the five most significant customers under the critical power solutions business, who contributed over 50% of the revenue from operations in each of the last three financial years
Highly regulated industry
The company operates in industries that are highly regulated and subject to change. If it fails to comply with the applicable regulations and standards prescribed by the Government of India and other regulatory bodies, its business will be adversely affected
IPO FAQs
This IPO consists of an offer for sale of up to Rs 95.1 crore, of 7,042,200 shares. It also consists of a fresh issue of Rs 329.0 crore.
The promoters of the company are Anant Nahata and NextWave Communications Private Limited.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 135.0 - 142.0.
The IPO application opens on Feb 27, 2024 and closes on Feb 29, 2024.
The minimum lot size for the IPO is 100. The maximum lot size for the IPO is 1400.
For all category investors, the minimum application amount for this IPO is Rs. 13,500.0, the maximum value for this IPO is Rs 198,800.0.
This IPO will be allotted on Mar 01, 2024.
The refund will be credited to your account on Mar 04, 2024.
The allotted shares will be credited to your demat on Mar 04, 2024.
Exicom Tele-Systems Ltd.’s shares listed on the stock exchanges on Mar 05, 2024.