Exicom Tele-Systems IPO GMP History
Exicom Tele-Systems IPO has been listed on March 5, 2024 at a listing price of ₹265, against the issue price of ₹142 — a gain of ₹123 (+86.62%). The GMP peaked at ₹180 on 28 February 2024 and reached a low of ₹70 on 22 February 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Exicom Tele-Systems IPO raised ₹429 Cr. through its IPO at a price band of ₹135 to ₹142 per share, with a lot size of 100 shares. The IPO was open for subscription from 27 Feb 2024 to 29 Feb 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:34 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Mar 2024 | ₹ 150 | — | 106% | — | — |
| 02 Mar 2024 | ₹ 150 | — | 106% | — | — |
| 01 Mar 2024 | ₹ 150 | ▼ | 106% | — | — |
| 29 Feb 2024 | ₹ 170 | ▼ | 120% | — | — |
| 28 Feb 2024 | ₹ 180 | ▲ | 127% | — | — |
| 27 Feb 2024 | ₹ 150 | ▲ | 106% | — | — |
| 26 Feb 2024 | ₹ 120 | ▲ | 85% | — | — |
| 24 Feb 2024 | ₹ 95 | ▲ | 67% | — | — |
| 23 Feb 2024 | ₹ 90 | ▲ | 63% | — | — |
| 22 Feb 2024 | ₹ 70 | — | 49% | — | — |
| 21 Feb 2024 | ₹ 70 | — | 49% | — | — |
| 20 Feb 2024 | ₹ 70 | — | 49% | — | — |
Exicom Tele-Systems IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 27 Feb 2024
- Close 29 Feb 2024
- Allotment 01 Mar 2024
- Refund/credit 04 Mar 2024
- Listing 05 Mar 2024
Exicom Tele-Systems IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹142 |
|---|---|
| GMP-based estimate (pre-listing) | ₹292 (+105.6%) |
| Listing gain / loss | +₹123 per share |
| Listing date | 05 Mar, 2024 |
| Actual listing price | ₹265 (+86.62%) |
Is Exicom Tele-Systems IPO GMP reliable?
Grey market premium for Exicom Tele-Systems IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Exicom Tele-Systems IPO full review for a fundamentals-based assessment before making any grey market trades.
Exicom Tele-Systems IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Exicom Tele-Systems IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Exicom Tele-Systems IPO
Exicom Tele-Systems Limited was incorporated on 9 May 1994. It has two business segments, critical power solutions and EV charging solutions.
Its critical power business supplies power systems for digital communication networks. Its EV charging business makes slow AC chargers, mainly for homes, and fast DC chargers for businesses and public charging, and it was among the first to enter EV charger making in India.
Its promoter is NextWave Communications Private Limited, and HFCL Limited is part of the promoter group.
The IPO was Rs 429 crore, with Rs 329.00 crore of fresh issue and Rs 100.00 crore of offer for sale by NextWave. Rs 145.77 crore was planned for production lines at a new plant in Telangana and Rs 40.00 crore for R&D.
Frequently asked
What is the GMP of Exicom Tele-Systems IPO?
The current Grey Market Premium (GMP) of Exicom Tele-Systems IPO is ₹ 150.
What is the Kostak Price of Exicom Tele-Systems IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Exicom Tele-Systems IPO is not available.
What is the Subject to Sauda Price of Exicom Tele-Systems IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Exicom Tele-Systems IPO?
Exicom Tele-Systems IPO listed on March 5, 2024 at ₹265, against the issue price of ₹142 — a gain of +86.62%.
How did the GMP of Exicom Tele-Systems IPO trend before listing?
The GMP of Exicom Tele-Systems IPO was stable in its final days before listing. The GMP peaked at ₹180 on 28 February 2024. View the day-wise table above for the complete GMP history.
Explore Exicom Tele-Systems IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
