Exicom Tele-Systems IPO is coming up with its IPO. The IPO will be open for subscription on February 27, 2024. Check out gmp, financial and more
Exicom Tele-Systems IPO Details
| IPO Dates | 27 – 29 February 2024 | |
| Issue Price |
|
|
| Fresh issue | INR 339 crore | |
| Offer For Sale | 7,042,200 shares | |
| Total IPO size | 424-429 | |
| Minimum bid (lot size) | 14200 inr (100 shares) | |
| Face Value | INR 10 per share | |
| Retail Allocation | 10% | |
| QIB Shares Offered | 75% | |
| NII (HNI) Shares Offered | 15% | |
| Listing On | BSE, NSE |
Exicom Tele-Systems IPO – Date Schedule
| IPO Opening Date | 27 February 2024 |
| IPO Closing Date | 29 February 2024 |
| Finalization of Basis of Allotment | 1 March 2024 |
| Refunds Initiation | 4 March 2024 |
| Transfer of shares to demat accounts | 4 March 2024 |
| Listing Date of IPO | 5 March 2024 |
Exicom Tele-Systems IPO – About Company
Founded in 1994, Exicom Tele-Systems is an India-based provider of power management solutions. The company operates in two primary business segments:
- Electric Vehicle Supply Equipment (EV Charger) Solutions: Exicom is at the forefront of developing smart charging systems, utilizing cutting-edge technology to cater to residential, commercial, and public charging needs across India.
- Critical Power Solutions: Specializing in the design, manufacturing, and maintenance of critical digital infrastructure technology, Exicom ensures comprehensive energy management at telecommunications sites and enterprise environments, both domestically and internationally.
As of March 31, 2023, Exicom Tele-Systems leads the EV charger manufacturing sector in India, offering solutions for both slow (AC chargers for homes) and fast charging (DC chargers for businesses and public networks). The company serves a diverse clientele including prominent automotive OEMs, charge point operators (CPOs), and fleet aggregators.
By March 31, 2023, Exicom Tele-Systems had successfully installed over 35,000 EV chargers across 400 locations in India. Moreover, the company deployed 450,000 Li-ion batteries for telecom applications, accumulating a storage capacity exceeding 2.00 GWH. As of September 2023, the company has supplied its EV chargers to over 70 clients, including 15 automotive OEMs, 32 national and regional Charge Point Operators (CPOs), and four fleet aggregators.
As of August 31, 2023, Exicom Tele-Systems employs a workforce of 1,124 individuals in India, including 421 contractual staff. Among them, 705 possess technical qualifications, with 431 holding diplomas and 274 having engineering degrees. Additionally, the company has 43 employees at its subsidiaries.
Exicom Tele-Systems IPO – Financial
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 512.91 | 842.81 | 707.93 |
| Expenses | 511.54 | 809.19 | 690.96 |
| Net income | 3.45 | 5.14 | 6.37 |
| Margin (%) | 0.67 | 0.61 | 0.90 |
Figures in INR Crores
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.38 | 3.31 | 3.38 |
| PE ratio | – | – | – |
| RONW (%) | 5.94 | 13.72 | 13.38 |
| NAV | 23.22 | 24.10 | 25.24 |
| ROCE (%) | 5.33 | 17.66 | 10.92 |
| EBITDA (%) | 5.71 | 8.00 | 7.41 |
| Debt/Equity | 0.50 | 0.38 | 0.41 |
Competitive Strengths
- 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 and know-how and diversified product portfolio with a track record of demonstrated outcomes in critical cases.
- Vertically integrated operations, backed by manufacturing capabilities, robust supply chain, significant research and development activities and sales and marketing initiatives.
- Significant product development and focussed engineering capabilities.
- Track record of long-standing relationships with an established customer base.
- Experienced and qualified leadership and management team.
Object Of The Issue
- 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 our Company;
- Part-funding incremental working capital requirements;
- Investment in R&D and product development; and
- General corporate purposes.
Exicom Tele-Systems IPO GMP
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 27 February 2024 | 150 | – | – |
| 20 February 2024 | 70 | – | – |
Exicom Tele-Systems IPO – Allotment Status
Exicom Tele-Systems IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
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