Exicom Tele-Systems IPO

Exicom Tele-Systems Limited

₹13,500 /100 sharesMinimum Investment

Exicom Tele-Systems IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹142.00₹264.00₹122.00 (85.92%)

Exicom Tele-Systems IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
27 Feb ‘24 - 29 Feb ‘24₹13,500100₹135 - ₹142
Issue SizeIPO Doc
429.00Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers121.8x
Non-Institutional Investor153x
Retail Individual Investor117.66x
Total129.16x

About the company

Exicom Tele-Systems Limited is an India-headquartered company that specializes in power management solutions with two key business segments, Critical Power Business and EV Charger Business. In the Critical Power Business, they design, manufacture, and service DC Power Systems and Li-ion energy storage solutions for telecommunication sites. Simultaneously, the EV Charger Business offers smart charging systems for residential, business, and public use in India. The company operates with vertical integration, managing product development from concept to prototype testing. It has two dedicated R&D centres. Its product portfolio is manufactured in-house across three facilities in India, located in Solan, Himachal Pradesh, and Gurugram, Haryana. These facilities collectively have an annual capacity of 12,000 DC Power Systems, 44,400 AC chargers and DC fast chargers, with a total built-up area of 134,351.95 sq. ft.;
Founded in
1994
Managing director
Mr. Anant Nahata
Parent organisation
Exicom Tele-Systems Limited

Strength and risks

Strengths
Risks
The company's EV Charger Business initiated commercial sales in the Fiscal Year ending March 31, 2019. As of the current Red Herring Prospectus, they have supplied EV Chargers to over 70 customers, including 15 automotive OEMs, 32 national and regional CPOs, and 4 fleet aggregators.
The company has an R&D team of 145 employees, as of September 30, 2023, housed at its two R&D centres located in Gurugram, Haryana and Bengaluru, Karnataka.
The company primarily provides its EV chargers to established automotive OEMs in India, including Mahindra & Mahindra Limited, MG Motors Limited and JBM Limited; national CPOs providing public charging infrastructure such as Reliance BP Mobility Limited (JioBP) and Fortum Charge & Drive India Private Limited, and fleet aggregators such as Blu Smart Mobility and Lithium Urban Mobility.
The company’s revenue from operations was Rs. 512.9 cr, Rs. 842.8 cr and Rs. 707.9 cr in FY 2021, 2022, and 2023 respectively. In the same time periods, it reported Profit after Tax of Rs. 3.45 cr, Rs. 5.14 cr and Rs. 6.37 cr.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular135 - 142₹2 Lakh
High Networth Individual135 - 142₹2 - 5 Lakh
For Exicom Tele-Systems IPO, eligible investors can apply as Regular.
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