Exicom Tele-Systems Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹135 - ₹142
- Lot size
- 100 shares
- Issue amount
- ₹429 cr
- Total subscription
- 133.56×
- Opens
- 27 Feb 2024
- Closes
- 29 Feb 2024
- Allotment
- 2 Mar 2024
- Listing
- 5 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 3,02,11,214 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹13,500
- Fresh issue
- ₹329 cr
- Offer for sale
- ₹100 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 9,76,55,501
- Shares after issue
- 12,08,24,515
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 100 | ₹14,200 |
| sHNI | 15 | 1,500 | ₹2,13,000 |
| bHNI | 71 | 7,100 | ₹10,08,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 143.7 | 17,936.74 |
| RETAIL | 42.9 | 5,330.52 |
| HNIs 2+ | 21.45 | 3,216.13 |
| HNIs 10+ | 42.9 | 7,033.89 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 3.38 | 3.31 | 1.38 |
| ROE | 13.38 | 13.72 | 5.94 |
| ROCE | 10.92 | 17.66 | 5.33 |
| RONW | 2.75 | 2.32 | 1.62 |
| PRE IPO(PE) | 217.63 | 0 | 0 |
| POST IPO(PE) | 31.24 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in 1994, Exicom Tele-Systems Limited is a leading provider of power systems and electric vehicle (EV) charging solutions, specializing in two key segments: **Power Systems**—ensuring reliable power for digital communication networks, and **EV Charging Solutions**—where it has deployed over 6,000 AC and DC chargers across India and Southeast Asia. As an early player in India's EV charger manufacturing sector, Exicom offers residential AC chargers and commercial DC fast chargers, catering to automotive OEMs, charge point operators (CPOs), and fleet aggregators. The company maintains an ISO-certified manufacturing facility, adhering to environmental, safety, and quality standards. Exicom’s revenue grew significantly from ₹512.9 crores in FY'21 to ₹707.93 crores in FY'23, demonstrating strong financial performance. By March 2023, the company had installed over 35,000 chargers across 400 locations in India. As of September 2023, Exicom employs 1,124 professionals in India, including 705 technically qualified staff, with an additional 43 employees working at subsidiaries, reinforcing its commitment to technological excellence and operational efficiency.
Strengths
- Early-Mover Advantage: Establishing itself early in a high-barrier industry provides a competitive edge and strengthens market positioning.
- Domain Expertise & Diversified Portfolio: A strong track record and broad product range enhance adaptability to market needs.
- Vertical Integration: Control over manufacturing, supply chain, and R&D ensures efficiency, quality, and cost management.
- Product Development & Engineering Focus: Continuous innovation helps the company remain competitive and responsive to industry trends.
- Established Customer Relationships: Trusted by OEMs, charge point operators, and fleet aggregators, reinforcing business stability.
- Experienced Leadership: A strong management team ensures strategic growth and operational excellence.
Risk factors
- Market Dependency: Heavy reliance on EV market growth means any slowdown in adoption could impact revenue. Diversifying applications or exploring adjacent markets could mitigate this risk.
- Technological Evolution: Staying ahead in a rapidly evolving industry is critical. Continuous R&D investment and strategic partnerships could help maintain competitiveness.
- Quality Assurance: Maintaining high product standards is crucial for brand reputation. Implementing rigorous quality control and compliance measures can prevent reputational damage.
- Regulatory Challenges: Legal issues involving the Promoter Group could affect investor confidence. Transparency, compliance, and proactive communication with stakeholders are essential.
Promoters
NextWave Communications Private Limited
Anant Nahata
Registrar & documents
Lead manager
Monarch Networth Capital Limited, Unistone Capital Pvt Ltd, Systematix Corporate Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
8, Electronics Complex, Chambaghat Solan 173 213
+91 124 6615 200
[email protected]Company website ↗Understanding EXICOM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.