Exicom Tele-Systems IPO will open for subscription from 27 February 2024. The company aims for an issue size of ₹429 Cr through this IPO.
Company Overview
| Full name | Exicom Tele-Systems Limited |
| Sector | Capital Goods |
| Industry | Electric Equipment |
| Company Website | https://www.exicom.in/ |
About Company
Established in 1994, Exicom Tele-Systems is a power management solutions provider headquartered in India. The company operates in two distinct business verticals:
- Electric Vehicle Supply Equipment (EV Charger) Solutions Business: Exicom pioneers smart charging systems, employing innovative technology for residential, business, and public charging applications across India.
- Critical Power Solutions Business: Specializing in the design, manufacturing, and servicing of critical digital infrastructure technology, Exicom ensures comprehensive energy management at telecommunications sites and enterprise environments in both India and overseas.
As of 31 March 2023, Exicom Tele-Systems leads the EV charger manufacturing sector in India. Operating in the EV Charger business, the company provides solutions for both slow (AC chargers for homes) and fast charging (DC chargers for businesses and public networks). Clients include prominent automotive OEMs, charge point operators (CPOs), and fleet aggregators.
By 31 March 2023, Exicom Tele-Systems had installed 35,000+ EV chargers across 400 locations in India. The company also deployed 450,000 Li-ion Batteries for telecom, amassing a storage capacity exceeding 2.00 GWH. As of September 2023, the company has provided its EV Chargers to more than 70 clients, encompassing 15 automotive OEMs, 32 national and regional Charge Point Operators (CPOs), and four fleet aggregators. As of 31 August 2023, the company has a workforce of 1,124 employees in India, comprising 421 contractual staff not on its rolls. Among them, 705 employees possess technical qualifications, with 431 holding diplomas and 274 having engineering degrees. Additionally, the company has 43 employees at its subsidiaries.
The Objectives of the Issue
- Part-financing the cost of 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 IPO Timetable
| IPO Opening date | 27 February 2024 |
| IPO Closing | 29 February 2024 |
| Basis of Allotment | 01 March 2024 |
| Initiation Refund | 04 March 2024 |
| Credit to Demat Account | 04 March 2024 |
| Listing Date | 05 March 2024 |
Exicom Tele-Systems IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹429 Cr – 30,211,214 shares |
| Fresh Issue | ₹329 Cr – 23,169,014 shares |
| Offer for sale | ₹100 Cr – 7,042,200 shares |
| Face value | ₹10 per share |
| Price Band | ₹135 to ₹142 per share |
| Lot size | 100 Shares |
| Shareholding pre-issue | 97,655,501 |
| Shareholding post-issue | 120,824,515 |
| Listing Exchange | BSE & NSE |
Exicom Tele-Systems 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-Systems IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 12,538,800 (43.01%) |
| QIB Shares Offered | 9,063,365 (31.09%) |
| NII (HNI) Shares Offered | 4,531,682 (15.54%) |
| bNII > ₹10L | 3,021,100 (10.36%) |
| sNII < ₹10L | 1,510,533 (5.18%) |
| Retail Shares Offered | 3,021,121 (10.36%) |
| Total Shares Offered | 29,154,968 (100%) |
Exicom Tele-Systems Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 512.91 | 842.81 | 707.93 | 455.04 |
| Expenses | 511.54 | 809.19 | 690.96 | 431.30 |
| Net income | 3.45 | 5.14 | 6.37 | 2.75 |
| Margin (%) | 0.67 | 0.61 | 0.90 | 0.60 |
Exicom Tele-Systems Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.38 | 3.31 | 3.38 |
| PE ratio | – | – | 39.94 – 42.01 |
| 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 |
Company Promoters
- Nextwave Communications Private Limited
- Anant Nahata
Promoter Holding
| Pre Issue Share Holding | 93.28% |
| Post Issue Share Holding |
Exicom Tele-Systems IPO Lead Manager(s)
- Monarch Networth Capital Ltd
- Unistone Capital Pvt Ltd
- Systematix Corporate Services Limited
Exicom Tele-Systems Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: exicom.ipo@linkintime.co.in
Website: www.linkintime.co.in
Exicom Tele-Systems Contact Details
EXICOM TELE-SYSTEMS LIMITED
3rd Floor, Plot No. 38, Institutional Area,
Sector 32, Gurugram 122 001 Haryana, India
Phone: +91 124 6615 200
Email: investors@exicom.in
Website: www.exicom.in
Exicom Tele-Systems Allotment Status
Exicom Tele-Systems IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Exicom Tele-Systems IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
