iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Exicom Tele-Systems IPO sails through in 1 hour; Retail portion booked 5.51 times

27 Feb 2024 , 11:29 AM

The initial public offering (IPO) of Exicom Tele-Systems Limited, a manufacturer of EV chargers, has opened for subscription today and will remain available until February 29. The company has set the price band for the IPO at ₹135-142 per share, with investors being able to apply for 100 shares in a lot. Interested investors can subscribe to the IPO by clicking here.

On the first day of subscription, the issue was fully subscribed within an hour, with a subscription of 1.55 times. The retail portion received bids of 5.51 times against the reserved quota, while the non-institutional investors' portion received a subscription of 2.78 times.

Prior to the IPO, the company raised ₹178 Crore from anchor investors.

As per the Red Herring Prospectus (RHP), the IPO comprises a fresh issue of equity shares worth ₹329 crore by the company and an offer-for-sale of up to 70.42 lakh equity shares by the promoter selling shareholder.

The proceeds from the IPO will be utilized towards setting up a new manufacturing facility in Telangana, repayment of borrowings, working capital requirements, and other general corporate purposes.

Exicom Tele-Systems operates in two major businesses: electric vehicle charging solutions and critical power solutions for telecommunication and enterprise sites. The company holds a 60% market share in residential and a 25% market share in public charging segments.

Monarch Networth Capital, Unistone Capital, and Systematix Corporate Services are the book-running lead managers, while Link Intime India is the registrar to the issue.

The IPO allotment is scheduled to be completed by March 1, 2024, with shares expected to be credited to the demat accounts of eligible investors by March 4. Trading in its equity shares is anticipated to commence on the BSE and the NSE from March 5.

Related Tags

  • Exicom Tele-Systems IPO
  • Exicom Tele-Systems IPO gmp
  • Exicom Tele-Systems IPO live details
  • Exicom Tele-Systems IPO news
  • Exicom Tele-Systems IPO subscription
sidebar mobile


12 Apr 2024   |   01:37 PM
12 Apr 2024   |   10:20 AM
12 Apr 2024   |   10:16 AM
Read More

Most Read News

12 Apr 2024   |   08:25 PM
12 Apr 2024   |   08:14 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:08 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.


Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp