Exicom Tele-Systems IPO: From price range to GMP, here are 10 things you should know before subscribing to an issue

The initial public offering (IPO) of electric vehicle charging company Exicom Tele-Systems is expected to open for subscription tomorrow, February 27, and close on February 29.

Established in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging and other related solutions. The company operates in two business areas.

Also Read: Exicom Tele Systems IPO begins soon. GMP, date, price, valuation, more details about the upcoming IPO

Exicom Tele-Systems Limited's revenue declined by 14.79 per cent and profit after tax (PAT) increased by 24.07 per cent in FY23. The market capitalization of Exicom Tele-Systems IPO is ₹1715.71 crore.

The Company proposes to use the net proceeds for financing – Partial financing of the cost of setting up production/assembly lines at the proposed manufacturing plant in Telangana, Partial or full repayment/advancement of certain loans of the Company -Financing of additional working capital requirements, Capital expenditure in research and development and product development as well as general corporate purposes.

Also Read: Exicom IPO: Issue Opening on February 27, Price Range Set at ₹135 tonnes ₹142 per share

Here are 10 important factors to consider before subscribing to Exicom Tele-Systems IPO:

1] Exicom Tele-Systems IPO Date: The book edition will be published on February 27, 2024 and ends on February 29, 2024.

2] Price range for Exicom Tele-Systems IPO: The EV charging company has a fixed price range for public issue ₹135 tonnes ₹142 per share.

3] Size of Exicom Tele-Systems IPO: The company's goal is to increase ₹429 crore from the original offer, with ₹329 crore targeted by issuing new shares. The rest ₹100 crore will be allocated for Offer for Sale (OFS).

4] Reservation for Exicom Tele-Systems IPO: A minimum of 75 percent of the issue is reserved for QIB, a maximum of 10 percent for retail investors and a maximum of 15 percent for NII.

5] Exicom Tele-Systems IPO lot size: Investors can bid for at least 100 shares and multiples thereof. The minimum investment amount required by private investors is ₹14,200.

6] Promoters of the IPO of Exicom Tele-Systems: The Company's Corporate Promoter is NextWave Communications Private Limited and the Individual Promoter is Anant Nahata.

7] Exicom Tele-Systems IPO Accounting Manager and Registrar: Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd and Systematix Corporate Services Limited are the underwriters while Link Intime India Private Ltd is the registrar for the issue.

8th] Exicom Tele-Systems IPO Allotment Date: The allotment for the IPO is expected to be finalized on Friday, March 1, 2024.

9] Exicom Tele-Systems listing date: The shares of the EV charging company are proposed to be listed on both the BSE and NSE. The provisional listing date is Tuesday, March 5, 2024.

10] Exicom Tele-Systems IPO GMP: Shares of the EV charging company are available at a premium of ₹142 are on the gray market today, market watchers say.

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