Exicom Tele-Systems IPO: Top Things To Know Before Subscribing To The Issue

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by Sandip Das on 27 February 2024,  5 min read

Exicom Tele-Systems IPO: Top Things To Know Before Subscribing To The Issue
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Exicom Tele-Systems Limited opened the initial public offering (IPO) for subscription on February 27, 2024. The public issue will close on February 29, 2024. The EV charging solution company set the Exicom Tele Systems IPO price band between Rs 135 to Rs 142 per equity share. The company aims to raise Rs 429 crore from this public offer, with Rs 329 crore aimed through the issuance of fresh shares.

About the company

Exicom Tele-Systems operates in two key business areas – the electric vehicle supply equipment solutions (EV Chargers) business and the critical power business. The company commands a 60 percent market share in the residential charging segment. It has a 25 percent market share in the public charging segment. Additionally, Exicom Tele-Systems offers critical power solutions for telecommunication and enterprise sites.

Price Band

Exicom Tele-Systems has set the IPO price band for Exicom Tele Systems between Rs 135 to Rs 142 per equity share.

Issue Size

The IPO includes a fresh issue of equity shares worth Rs 329 crore by the company. It has an offer-for-sale of up to 70.42 lakh equity shares by the promoter-selling shareholder.

Also read: GPT Healthcare IPO: Issue Booked 8.52 Times, QIB Portion Subscribed 17.3 Times on Final Day
IPO Reserve Portion
  • Qualified Institutional Buyers: 31.09%
  • Non-institutional Investors: 15.54%
  • Retail Investors: 10.36%
Company Financials
Particulars Financial Year Ended March 31, 2023 Financial Year Ended March 31, 2022
Revenue from operations 7,079.30 8,428.05
Profit after tax 63.72 51.36
Objectives of the IPO

The company will utilize the funds generated from the IPO to establish a manufacturing facility in Telangana, repay borrowings, meet the working capital requirements, and address general corporate purposes.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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