Exicom Tele-Systems IPO
Exicom Tele-Systems IPO — date, price band, lot size & details 2024
Exicom Tele-Systems listed on 5 Mar 2024 at ₹265, 86.6% above the ₹142 issue price.
Exicom Tele-Systems makes critical power systems for telecom networks and EV chargers for homes, businesses and public charging. Its total income was Rs 723.40 crore in FY2023.
Stock price
Exicom Tele-Systems is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 Feb, 2024 |
|---|---|
| Price Band | ₹135 – ₹142 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹429 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,200 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹142 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹14,200 |
| Retail (max) | 14 | 1,400 | ₹1,98,800 |
| S-HNI (min) | 15 | 1,500 | ₹2,13,000 |
| S-HNI (max) | 70 | 7,000 | ₹9,94,000 |
| B-HNI (min) | 71 | 7,100 | ₹10,08,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax was Rs 27.46 crore in the six months to 30 September 2023, far above Rs 6.37 crore in FY2023.
- 02Rs 329.00 crore of the issue was fresh capital for a new plant, debt repayment and R&D.
- 03It was among the first EV charger makers in India, with 2 segments spreading its risk.
- 04Total borrowing fell from Rs 117.92 crore on 31 March 2023 to Rs 72.84 crore on 30 September 2023.
- 05Net worth grew from Rs 213.44 crore on 31 March 2021 to Rs 311.40 crore on 30 September 2023.
Risks · 5
- 01The pre-issue P/E was 217.63 at the upper band of Rs 142, based on EPS of Rs 0.65.
- 02Total income fell from Rs 848.96 crore in FY2022 to Rs 723.40 crore in FY2023.
- 03Telecom power demand depends on telecom operators' spending cycles, and profit was only Rs 3.45 crore in FY2021.
- 04EV charger demand depends on EV adoption and government policy. Return on net worth was 2.75% as per the source.
- 05Promoters and the promoter group held 93.28% before the issue and 69.57% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Exicom Tele-Systems offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 629.41 | 705.09 | 602.99 | 678.46 |
| Total Income | 467.21 | 723.40 | 848.96 | 524.36 |
| Profit After Tax | 27.46 | 6.37 | 5.14 | 3.45 |
| NET Worth | 311.40 | 232.00 | 221.57 | 213.44 |
| Total Borrowing | 72.84 | 117.92 | 107.67 | 101.76 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Exicom Tele-Systems RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Exicom Tele-Systems IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹0.65 | ₹4.55 |
| P/E Ratio (x) | 217.63 | 31.24 |
| Market Cap at Offer Price (₹ Cr) | ₹5,998.95 | ₹856.99 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹142 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹341.03 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Exicom Tele-Systems IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Unistone Capital
17 issues handled (15 mainboard, 2 SME)Best listing: Sigachi Industries (+249.7%). Weakest: Fabtech Technologies (0.0%).
Systematix Corporate Services Limited
11 issues handledBest listing: ESDS Software Solution (+76.5%). Weakest: Acevector (-11.5%).
Monarch Networth Capital Ltd
3 issues handledBest listing: Sri Lotus Developers & Realty (+18.7%). Weakest: Scoda Tubes (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Exicom Tele-Systems?
The current Grey Market Premium is ₹150, or 106% over the issue price.
What is the Exicom Tele-Systems IPO price band?
₹135 to ₹142, on a face value of ₹10.
When is the allotment?
The basis of allotment is 1 March 2024, with listing on 5 March 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
