₹ 14200 / 100 shares
IPO Details
RHP/DRHPIssue 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%
IPO Timeline
Exicom Tele-Systems Company Background
Exicom Tele-Systems is an Indian power management solutions provider.
The company operates under two business verticals:
- 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.
- 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
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Exicom’s EV Charger Business is dependent upon the continuing rapid adoption of, and demand for EVs.
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The company is dependent on the top five customers based on revenue contribution under its critical power solutions business.
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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
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Capitalise on EVSE industry tailwinds, including through proposed expansion.
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Continue to invest in its capabilities of product innovation, engineering and design with a focus on indigenisation.
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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)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
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.
How To Apply for Exicom Tele-Systems Ltd 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
When is Exicom Tele-Systems Ltd IPO listing date?
Exicom Tele-Systems Ltd IPO will list on 2024-03-05.
What is the issue size of Exicom Tele-Systems Ltd IPO?
429.00 is the issue size of Exicom Tele-Systems Ltd IPO.
What is the minimum lot size required for Exicom Tele-Systems Ltd IPO?
The minimum lot size is 100 shares and the investment required is ₹14200.
What is the price band of the Exicom Tele-Systems Ltd IPO?
The price band of Exicom Tele-Systems Ltd IPO is ₹135 to ₹142.
Where can I read more about Exicom Tele-Systems Ltd business?
You can read more about Exicom Tele-Systems Ltd and its IPO from the company’s red herring prospectus (RHP) here.
Who is the Registrar for Exicom Tele-Systems Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
