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Home > IPO > Exicom Tele-Systems Ltd IPO

₹ 14200 / 100 shares

IPO Details

RHP/DRHP

Issue Date

27 Feb - 29 Feb'24

Investment/lot

₹ 14200

Price Range

135 - 142

Lot Size

100

IPO Size

₹ 429.00 Cr

IPO Listing Details

Listing On

5 Mar'24

Issue Price

142

Listed Price

₹ 265

Retail Gain/Listing Gain

▲86.62%

Start date

27/02/2024

End date

29/02/2024

Allotment of bids

01/03/2024

Refund Initiation

04/03/2024

Listing on exchange

05/03/2024

IPO Timeline

Exicom Tele-Systems is an Indian power management solutions provider.

The company operates under two business verticals:

  1. The critical power solutions business: The company designs, manufactures and services DC Power Systems and Li-ion based energy storage solutions to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas.
  2. The electric vehicle supply equipment solutions business: The company provides smart charging systems with innovative technology for residential, business, and public charging use in India.

Exicom Tele-Systems Competitive Strengths

Established player with an early-mover-and-learner advantage in the Indian EV Charger market

The company had a market share of approximately 60% and 25% in the residential and public charging segments, respectively, as of March 31, 2023 (Source: CRISIL Report). As of September 30, 2023, Exicom has deployed over 61,000 EV chargers across 400 locations in India, by way of sale to OEMs, EV owners (primarily through such OEMs), CPOs for public charging stations and fleet aggregators for captive charging stations (Source: CRISIL Report).

Domain experience and diversified product portfolio with a track record of demonstrated outcomes in critical cases

The company has developed nearly three decades of domain experience in power conversion, energy management, battery pack and BMS development. Exicom’s Critical Power Business comprises a diversified portfolio of DC Power Systems designed for multiple use cases at telecom sites and Li-ion Batteries for providing backup power, with a focus on efficiency, power density and reliability.

Track record of long-standing relationships with an established customer base

The company attributes the growth of its Critical Power Business and EV Charger Business to its customer-centric solutions, and value-added products and services. During the six months ended September 30, 2023, and the Financial Year ended March 31, 2023, Exicom served a diverse customer base of 450 and 350, respectively, through its Critical Power Business and EV Charger Business.

Risk Factors

  • Exicom’s EV Charger Business is dependent upon the continuing rapid adoption of, and demand for EVs.

  • The company is dependent on the top five customers based on revenue contribution under its critical power solutions business.

  • The company is dependent on global suppliers for the supply of raw materials and key inputs and may not be able to reduce its dependency on such imports.

Key Strategies

  • Capitalise on EVSE industry tailwinds, including through proposed expansion.

  • Continue to invest in its capabilities of product innovation, engineering and design with a focus on indigenisation.

  • Increase penetration in existing markets, and expand into new overseas markets.

Exicom Tele-Systems Key Financials

Here are the key financials for Exicom Tele-Systems Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

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Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for Exicom Tele-Systems Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Exicom Tele-Systems Ltd IPO FAQs

Exicom Tele-Systems Ltd IPO will list on 2024-03-05.

429.00 is the issue size of Exicom Tele-Systems Ltd IPO.

The minimum lot size is 100 shares and the investment required is ₹14200.

The price band of Exicom Tele-Systems Ltd IPO is ₹135 to ₹142.

You can read more about Exicom Tele-Systems Ltd and its IPO from the company’s red herring prospectus (RHP) here.

Link Intime India Private Limited is the registrar for this IPO.

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