Exicom Tele-Systems IPO witnessed overwhelming demand. The ₹429 crore IPO was fully subscribed within hours of its opening on February 27. The Exicom Tele-Systems IPO will close on February 29.

Exicom IPO Subscription Status

As of 10:15 am on the second day of the Exicom IPO, retail investors’ quota was oversubscribed by 32.50 times, while HNIs subscribed 22.18 times their quota. The qualified institutional buyers portion has seen a subscription of 0.74 times. The total Exicom IPO subscription stands at 11.75 times.

The Exicom IPO allocation breakdown comprises 75% for qualified institutional buyers, 15% for non-institutional investors, and the remaining 10% for retail investors.

Exicom IPO GMP

Exicom Tele-Systems IPO GMP is currently reported at around ₹189. Taking the upper price band of ₹142 into consideration, shares of the company could list at ₹322, around 120% premium. It's important to note that while IPO GMPs can offer insights into market sentiment regarding an IPO, they shouldn't taken as the sole determinant of the stock's performance upon listing.

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Exicom IPO Details

Exicom Tele-Systems IPO is a book-built issue consisting of a fresh issue of 2.32 crore shares, totalling ₹329 crore, and an offer for sale of 0.7 crore shares, amounting to ₹100 crores.

The price band for the Exicom IPO is set at ₹135 to ₹142 per share, with a minimum lot size of 100 shares. This implies that retail investors need to invest a minimum of ₹14,200 to participate in the IPO.

The funds raised through the IPO will finance various initiatives, including setting up assembly lines in Telangana, bolstering working capital, investing in R&D, and debt repayment.

Ahead of the IPO, Exicom Tele-Systems secured ₹178 crore from anchor investors, including prominent names like Maybank Asiapac Ex-Japan Equity I Fund, Nepean Long Term Opportunities Fund, and SBI General Insurance Company, among others.

Exicom Tele-Systems – Company Details

Exicom Tele-Systems operates in the power management solutions sector, with a focus on two primary business verticals: EV chargers and critical power solutions. The company’s EV chargers business specializes in smart charging systems for various applications, while its critical power solutions business designs, manufactures, and services digital infrastructure technology for telecommunications and enterprise environments, both domestically and internationally.

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