Exicom Tele-Systems IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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    Table of Contents

    • GMP
    • Reviews
    • Subscription
    • Allotment

    What is the latest GMP of Exicom Tele-Systems IPO? 
     for latest GMP, Click

    What is the subscription status of Exicom Tele-Systems IPO?   
    On 28 February 2024 5.00 pm (Day 2)
    Review: Not so impressive subscription even on D2
    QIB:              10370540  Shares    5.13 T
    NII(10L+):      3141200  Shares   51.16 T
    NII (<10L)      1570600  Shares   67.87 T
    NII (Total)       4711800  Shares   56.73 T

    RII:                  3141200  Shares  68.35 T
    Total:             18223540  Shares  30.70
    T

    What are the promoters of Exicom Tele-Systems IPO?   
    The promoters of the Company are NextWave Communications Private Limited and Mr. Anant Nahata

    What are the Objects of Exicom Tele-Systems IPO?

    The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

    The Company proposes to utilise the Net Proceeds towards funding the following objects:
    Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana.
    Repayment/pre-payment, in part or full, of certain borrowings of the company.
    Part-funding incremental working capital requirements.
    Investment in R&D and product development
    General corporate purposes

    What is the business of Exicom Tele-Systems?

    Exicom Tele-Systems is an India headquartered power management solutions provider, operating under two business verticals, (i) electric vehicle supply equipment (“EV Charger(s)”) solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India; and (ii) Critical power solutions business, wherein it designs, manufactures and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas. It is amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023, it is amongst the market leaders, with a market share of 60% and 25% in the residential and public charging segments, respectively. Furthermore, in its Critical Power Business, it occupies a market share of 16% in the DC Power Systems market and is recognized as a leading player in the market for Li-ion Batteries for application in the telecommunications sector, having a market share of approximately 10% as of March 31, 2023.

    The company commenced its EV Charger Business in 2019, which provides smart electric vehicle charging products and solutions. EV penetration is expected to grow across vehicle segments, i.e., two-wheelers (“2W”), three-wheelers (“3W”), passenger vehicles (“PVs”), buses and commercial vehicles. The EV PV and bus market is estimated to grow by nine times between Financial Year ended March 31, 2023, and Financial Year ended March 31, 2028, at a CAGR of 50% to 60% with 8% to 10% EV penetration. To support this shift towards EVs, the EV charging network will need to ramp up its capacity, presenting a significant, industry-wide market opportunity for EV charging products with a projected total addressable market (“TAM”) of Rs. 86.00 billion by Financial Year ended March 31, 2028, in India.

    Critical Power Business: Its Critical Power Business delivers overall energy management at telecommunications sites and enterprise environments. Under this business vertical, it offers a diversified portfolio of DC power conversion systems and Li-ion based energy storage solutions to deliver back-up power during grid interruption and have deployments in India, Southeast Asia and Africa. Its DC Power Systems are typically customized to customers’ specifications for use cases at telecommunications sites, including at large central offices, renewable hybrid sites, base station sites and small cell/Wi-Fi sites. It has achieved deployment of its DC Power Systems across 15 countries in Southeast Asia and Africa. Its Li-ion Batteries provide back-up power in case of power grid interruptions or intermittent renewable energy supply, and are based on modular and parallelable platforms supported by its proprietary battery management system and can be combined to make battery systems to meet the requirements of the end-application. As of March 31, 2023, the Company has deployed 450,000 Li-ion Batteries for application in the telecommunications sector, equivalent to a storage capacity of over 2.00 GWH.

    For more information, click https://www.exicom.in/

    Exicom Tele-Systems IPO GMP, Particulars & Guidance

    Exicom Tele-Systems IPO Details 
    IPO opens on  27 February, 2024 
    IPO closes on  29 February, 2024 
    Issue Type Book Built Issue IPO
    Issue Size 30211214 Sh /Rs 429.00 Cr
    * Fresh Issue 23169014 Sh /Rs 329.00 Cr
    * Offer for Sale  7042200 Sh /Rs 100.00 Cr
       
    Face Value per share: Rs. 10
    Price Band  Rs. 135-142
    Retail Discount  Rs 0 per share
    Employee discount  Rs. 0 per share
    Retail Lot Size  100 Shares
    Listing will at  BSE, NSE
    Shares offered in Exicom Tele-Systems? Shares Rs. in Cr
    QIB (75 %)  22658510 321.75
    NII (15 %)    4531682   64.35
    RII (10 %)    3021121   42.90
    Employees
    Total Shares  30211214 429
    Retail portion will be oversubscribed by  30211 Forms.
    How to apply in Exicom Tele-Systems IPO ? Amount Rs.
    Min Retail Application   100 Sh     14200
    Max Retail Application  1400 Sh   198800
    Small HNI (Min) application  1500 Sh   213000
    Small HNI (Max) application 7000 Sh   994000
    Big HNI Application 7100 Sh 1008200

    What is the timetable of Exicom Tele-Systems IPO?
    IPO opens on 27 February 2024
    IPO Closes on 29 February 2024
    IPO Allotment on  1 March 2024
    Unblocking of ASBA  4 March 2024
    Credit of Shares 4 March 2024
    Listing on 5 March 2024
    Registered Office of Exicom Tele-Systems
    Exicom Tele-Systems Limited
    8, Electronics Complex, Chambaghat
    Solan 173 213
    Who are the Lead Managers of Exicom Tele-Systems IPO?
    Monarch Networth Capital Ltd
    Unistone Capital Pvt Ltd
    Systematix Corporate Services Ltd
    Registrar to IPO
    Link Intime India Private Limited

    Exicom Tele-Systems IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs. in Cr Rs.in Cr Rs. %
    2020-21 524 3.45 1.38 5.94
    2021-22 849 5.14 3.31 13.72
    2022-23  723 6.37 3.38 13.38
    Book Value of the Share on 31.03.2023 Rs. 25.24    
    BV of the Share after the FPO Rs. ?    
    Offer Price at Cap Rs.  142    
    Exicom Tele-Systems IPO
    Ratio Analysis
    Price /EPS 42.01
    Price/Book Value Ratio 5.63
    Price/BV after IPO  ?

    How Exicom Tele-Systems IPO compares with the Peers?
    Peer Comparison.

    As on date of DRHP FV Total  PE
      Rs. Income Ratio of
        Rs. In Cr  
    Exicom Tele-systems 10   708 42.01
    Servotech Power Systems 1   278 158
    HBL Power Systems 1 1369 76
           
           
           
           
           

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Exicom Tele-Systems IPO Guidance
    Exicom Tele-Systems is an India headquartered power management solutions provider, operating under two business verticals, (i) electric vehicle supply equipment (“EV Charger(s)”) solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India; and (ii) Critical power solutions business, wherein it designs, manufactures and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas. It is amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023, it is amongst the market leaders, with a market share of 60% and 25% in the residential and public charging segments, respectively.
    Size: The size of the IPO is very small ( Rs.429 Cr). The retail portion is just Rs. 64.35 Cr and HNI portion is only Rs. 42.90. So huge oversubscription is evident.
    Guidance: Now-a-days EV, Solar etc catch fancy of the investors. With Good turnover, market share and profitability, if the IPO catch fancy of the investors, it is natural. Size of the IPO is very small, so huge oversubscription, will add to the interest cost. The Grey market has already factored in the interst-costs and the premium prevails at high level. (Rs. 154 Vs IPO offer price of Rs. 142 at 27 Feb Morning). Tatas, Adanis etc have entered these market with full money power, so we cannot comment about the long-term future of these company, yet oversubscription and listings are concerned, it will be impressive. Apply.

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