Key Points for this Exicom Tele-Systems Limited IPO :
👉The issue is entirely a combination of fresh issue of Rs 329 Crore and offer for sale of Rs 100 Crores.
👉Company has a first mover in EV charging infra and power management solution provider.
👉Company will utilize part ipo proceeds for setting up prodcution/assembly lines at the planned manufacturing facility in Telangana.
👉The Company has debt amounting RS.72.84 Crore as at 30 Sep 2023.The Company plans to repay part full debt from IPO Proceeds.
👉Company posted low PAT margins of 0.66% in FY 21, 0.61% IN FY 22 and 0.88% in FY 23.
| Issue Date | 27 – 29 February, 2024 |
| Issue Size | Rs. 429 crore |
| Fresh Issue | Rs. 329 crore |
| Offer for Sale | Rs. 100 crore |
| Price Band | Rs. 135 to 142 per share |
| Lot Size | 100 Shares |
| Face Value | ₹10 per share |
| Issue Type | Book Built Issue Type |
| Listing At | BSE, NSE |
| Retail shares offered | Not less than 10% of the net issue |
Lot Size (Minimum)
| Retail | 100 shares | Rs. 14,200 |
| Small – HNI | 1,500 shares | Rs. 2,13,000 |
| Big – HNI | 7,100 shares | Rs. 10,08,200 |
Tentative IPO Timelines
| Basis of Allotment | 01 Mar, 2024 |
| Initiation of Refunds | 04 Mar, 2024 |
| Credit of shares to Demat | 04 Mar, 2024 |
| Listing Date | 05 Mar, 2024 |
About the Company
Incorporated in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions. The company operates under two business verticals.
Power Systems: Exicom provides uninterrupted power solutions for digital communication networks.
EV Charging Solutions: Exicom has deployed over 61000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions.
As of March 31, 2023, the company is among the first to enter India’s EV charger manufacturing segment. The company operates in the EV Charger business, which offers both slow charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public charging networks in cities and highways). The customer base includes established automotive OEMs (for passenger cars and EV buses), charge point operators (CPOs), and fleet aggregators.
By September 30, 2023, the company had installed more than 61,000 EV chargers across 400 locations in India. As of September 30, 2023, the company has deployed 470,810 Li-ion Batteries for application in the telecommunications sector, equivalent to a storage capacity of over 2.10 GWH.
The company’s manufacturing facility complies with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015.
As of September 2023, the company has supplied its EV Chargers to over 70 customers, including 15 automotive OEMs, 32 national and regional CPOs and four fleet aggregators.
As of September 30, 2023, the company employs 1,190 employees in India, of which 443 are contractual, 732 employees are technically qualified – 438 with diplomas and 294 with engineering degrees. The company also has 50 employees at its subsidiaries.
Objects 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
ExicomTele Systems Limited IPO Promoter Holding
The Promoter of the company is:
- NextWave Communications Private Limited,
- Anant Nahata,
| Pre-Issue shareholding | 93.28% |
| Post issue shareholding | NA |
Financial Summary Amount in Rs. crores
| Particulars | March 2023 | March 2022 | March 2021 |
| Revenue | 723.40 | 848.96 | 524.36 |
| Net Profit / (Loss) | 6.37 | 5.14 | 3.45 |
| Total Assets | 705.09 | 602.99 | 678.46 |
| Total Borrowings | 117.92 | 107.67 | 101.76 |
GMP / Expected Premium
GMP as on 27-02-2024 is 106%.
Please note GMP is taken from internet and is subject to change in future. Please consult your financial advisor before applying in the IPO.
Disclaimer: The information above is only for information and educational purpose. Please consult your Financial advisor before applying in the IPO.
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